Resale Value

[Sandro]

Hello all.. I am ordering (excitedly) a new r29. But right now on yachtworld there are eleven 2017+ r29s listed - and a couple have had price reductions. Why are so many are for sale if they are just 2-3 years old? Thanks for any thoughts or insights you might have!

 

[bucknerbuck2]

I think you will find many people buy such an item with the idea and intent to use alot, and after 2-3 years the hour meter is sub 100 and the expense doesn't make sense.

Just my opinion.

 

[scross]

Some of us own a boat for a decade or so before moving to another model or, eventually, retiring from boating. Others buy a boat and then:
1. decide they need bigger (twofootitis)
2. have life, health or financial changes
3. don’t use the boat like they thought and/or not enough time
4. didn’t realize that even new boats take maintenance
5. realize don’t like boating or family members don’t like boating
6. realize they need different features/capabilities than were included in what they purchased
7. did and saw everything you could ever want to do in boating in two years and are now bored with it

As one who buys intending to keep mine for a decade (4 years more) and has had the same truck for the past 9 years, it’s hard for me to understand anyone intentionally buying such a major $$$ purchase and only keep it for a year or two...

PS: If it were me I’d happily buy the 2-3 year old boat at a 15-25% discount over new but only after a full 3rd party professional survey with sea trial.

 

[FlyMeAway]

Hello all.. I am ordering (excitedly) a new r29. But right now on yachtworld there are eleven 2017+ r29s listed - and a couple have had price reductions. Why are so many are for sale if they are just 2-3 years old? Thanks for any thoughts or insights you might have!

This isn't uncommon with any boat type in the fall. Lots of people try to get "one last summer" out of their boat (I did that with my last boat, for sure, and then I kicked myself when it didn't sell until March).

But the fall is also when buyers are slow, too, hence the price reductions. That isn't uncommon.

Plus all the other reasons for selling that people already noted.

Plus, we're in the middle of a severe recession and lots of economic uncertainty. A boat is the first thing to go when you lose your job.

 

[trailertrawlerkismet]

We’ve had 6 boats in 30 years, so an average of 5 years per boat. We’ve changed because of doing the Great Loop, living on a boat for 5 years, upsizing, downsizing, the last 10 years wanting to trailer to new places, all in addition to the comments below. Of the 6 boats we’ve had the 2 Ranger Tugs (27 n 29) have had the best resale value.

Jim

 

[bill46]

We bought a 2 year old 31CB almost 5 years ago and have been very happy with it. Considerable savings and most problems ironed out by first owner.

 

[vertigo]

Hello all.. I am ordering (excitedly) a new r29. But right now on yachtworld there are eleven 2017+ r29s listed - and a couple have had price reductions. Why are so many are for sale if they are just 2-3 years old? Thanks for any thoughts or insights you might have!

This isn't uncommon with any boat type in the fall. Lots of people try to get "one last summer" out of their boat (I did that with my last boat, for sure, and then I kicked myself when it didn't sell until March).

But the fall is also when buyers are slow, too, hence the price reductions. That isn't uncommon.

Plus all the other reasons for selling that people already noted.

Plus, we're in the middle of a severe recession and lots of economic uncertainty. A boat is the first thing to go when you lose your job.

"Severe recession"?

What country do you live in? Oh, wait... Seattle.
Never mind. 😉

 

[Matty]

Boat sales are on a record pace this year. Same for RVs.
Might just be a good time for some people to sell.

 

[FlyMeAway]

"Severe recession"?

What country do you live in? Oh, wait... Seattle.
Never mind. 😉

It’s a technical economic term that refers to contraction in (and depth of contraction of) GDP.

Regardless of cause, unemployment is up and GDP is down. That *usually* means boat listings pick up.

 

[baz]

Hello all.. I am ordering (excitedly) a new r29. But right now on yachtworld there are eleven 2017+ r29s listed - and a couple have had price reductions. Why are so many are for sale if they are just 2-3 years old? Thanks for any thoughts or insights you might have!

Apart from all the earlier posts, consider that there are now 100s of RT boats out there in the boating world. RT models have been selling since 2007/2008, and at an increasing rate since then. Thus the chances for seeing a RT model for sale is high, and maybe higher than other boat models.

Buying new or used is a personal choice. If used, spend necessary bucks on a good survey. check the boat's maintenance servicing records, and ask as many questions as you can think of. If you're new to boating, find a friend who owns a boat or an experienced boater to advise you on what things to ask about.

Just because a person is selling their boat, it does not mean there's something wrong with it - as mentioned in the earlier posts.

Good luck. 🙂