JC
Member
- Joined
- Sep 16, 2010
- Messages
- 22
In an earlier post, one piece of rookie advice to me was to minimixe my "round-trip" costs on my first boat.* This sounds like a noble goal, but which of these 2 scenarios has the best chance of mininmizing my round trip costs?:
1. we buy a nice older larger trawler...not super fancy, but well maintained...but not a top of the line brand...say a chb, or a island gypsy, or a mainship.* There appear to be more of these on the market (probably because more exist), and the prices seem to be softer.
...or....
2.* we buy a smaller Nordic Tug.* There appear to be fewer for sale, and prices are firmer.
For purposes of this example, lets assume that the total dollar outlay difference is meaningless...we only care about the diffenrce between buy/sell.* Not a good assumption, but the admiral seems to think it is...
5 years from now, we decide to try and sell.* Do we lose more money in #1 or #2? (note that i know we will "lose") The tug will be easier to sell (it appears).* Will this make up for the initial higher price? What is the spread between the bid/ask? (sorry, I was a stockbroker in my former life)
Also, there was a rule of thumb suggesting 10% of the purchase price would be spent in maintainence, etc. each year.* Does this hold for this situation? Would I really spend significantly more on the tug?(other than insurance) That seems counter-intuitive..
1. we buy a nice older larger trawler...not super fancy, but well maintained...but not a top of the line brand...say a chb, or a island gypsy, or a mainship.* There appear to be more of these on the market (probably because more exist), and the prices seem to be softer.
...or....
2.* we buy a smaller Nordic Tug.* There appear to be fewer for sale, and prices are firmer.
For purposes of this example, lets assume that the total dollar outlay difference is meaningless...we only care about the diffenrce between buy/sell.* Not a good assumption, but the admiral seems to think it is...
5 years from now, we decide to try and sell.* Do we lose more money in #1 or #2? (note that i know we will "lose") The tug will be easier to sell (it appears).* Will this make up for the initial higher price? What is the spread between the bid/ask? (sorry, I was a stockbroker in my former life)
Also, there was a rule of thumb suggesting 10% of the purchase price would be spent in maintainence, etc. each year.* Does this hold for this situation? Would I really spend significantly more on the tug?(other than insurance) That seems counter-intuitive..