Thinking of Moving UP - how's the market

[Jcat2010]

We're thinking of moving up, but have heard horror stories about the boat market collapsing. Anyone have any recent real world experience? I know a used tug will not bring what it did a few years ago, but I've also noticed that there is an awful lot of inventory out there, and it doesn't seem to be moving ? Might be time to re-think this, or maybe it is an opportunity.

 

[OverTime]

Boat markets don't collapse, they sink! 😀

 

[Rocky Lou]

I've heard from friends that it's a great time to 'steal' a boat...one guy I know just bought one and his wife was screaming at him to pay more???

That said, if you're moving up, then, you can get a great deal on the larger boat...maybe sell yours later or make more on the bigger boat than the loss of the current one.

 

[venajeff]

I have been watching the market for the last year here in California for a fishing boat (yes my wife approved having two boats), and the prices are definitely coming down. But I have yet to see any bargains on anything that looks like a desirable boat. It seems like the COVID prices are disappearing across the board but the older boats (<2000) are getting hit the most. It makes sense though a 1995 boat is over 30 years old, which totally blows my mind.

 

[Rocky Lou]

I'm not sure you'll see the prices advertised low. My buddy made a 2/3 of price offer that was rejected but he left his number, then, the guy called back...