Is it possible to ever get your money back?

riffraff · #1 12-05-2005, 11:08 AM

Have any of you guys ever sold a 20 SF after total renovation and gotten all the money that you put into it?? I am just curious if it is possible. How much would you pay for a quality new/classic boat? I am not trying to sell mine, but I can't help but wonder if I am just an idiot for putting so much money in my boat. It just gets away from you when you are trying to make the boat perfect! Thoughts??

FELLOW-SHIP · #2 12-05-2005, 12:06 PM

Ha RiffRaff

I can only answer this one for myself, but I do remember hearing a story about a guy that said that most of his money was spent on boats, fishing, using the boat or fixing his boat. Then he said everything else he spent his money on was a waist.
Any which way putting money in a boat has nothing to do with expecting profitability out of it, if you ever decide to sell the boat. That’s kind of like saying about your girl friend or wife Is She Worth All the Money I Put Into This Relationship?????? If you ask that then you should have never bough into it in the first place. Boats have to do with enjoying life not profitability so I through my tally sheet out the window. There will come a day that we will all face the grim reaper and on our death bed do you think you will say “Boy if I didn’t buy that boat I would have so much more money in the bank?” or will you say Boy I wish I used that boat more often that I did??? Boating has to do with enjoying life not profitability well at least for me and I still am looking forward to This Saturday About 6:00 A.M. when I will be backing my 23 CC into water.

FellowShip [img]/images/graemlins/smirk.gif[/img] [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/smile.gif[/img]

joey · #3 12-05-2005, 12:49 PM

VERY WELL PUT !!!

DickOdonovan · #4 12-05-2005, 03:50 PM

I have an answer from a buyers point of view. I am new to boating, I surf fish and am finding it a little less enjoyable I want to fish from a boat, Light tackle bass blues and albies.
I don't know how I got so enamered with these classic sea crafts, but I am. I have very little mechanical skill and am not getting any younger, I still want a SC, I should probable buy a new lesser quality boat ( I have also thought about the 18 Maratime Skiffs a new one w/ 90 HP & trailer about 19,000).
What I am looking for is a 20FT that has been structurally rebuilt w/ no or newer power.I would think of spending between 10K & 16K depending on condition equipment & location. I don't know if my deam boat is out-there but thats what I am looking for.

Dick O'D

riffraff · #5 12-05-2005, 04:54 PM

Don't misunderstand me...I love this boat. I have never tried to justify owning a boat with dollars, you cannot do it. I am sure it is worth more to me than anyone else, but just how much would someone pay for a classic seacraft??? 20,30..more? A brand new 20 ft quality center console will cost you at least that. Again, I am not trying to sell her but I am curious to see what some of you other guys think.

Ikan Besar · #6 12-05-2005, 05:28 PM

Quote:

What I am looking for is a 20FT that has been structurally rebuilt w/ no or newer power.I would think of spending between 10K & 16K depending on condition equipment & location. I don't know if my deam boat is out-there but thats what I am looking for.

It's possible (I'd have been thrilled to spend that too!), just depends on you finding someone who has done all the work and then has an unexpected event in their life that forces the sale.

In spite of mine surveying out at a value above that of a new one, I know that nobody would ever give me anywhere near what I have into it. That being said, it'd be hard to let it go for what people would be eager to pay.

NoBones · #7 12-05-2005, 05:39 PM

DITTO !! [img]/images/graemlins/smile.gif[/img]

strick · #8 12-06-2005, 12:40 AM

Fellow-ship LMFAO [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img]

strick

Billybob · #9 12-06-2005, 11:07 AM

Can you get your MONEY back ?
Yeah, I think you can - but never your time. I look at the time as a hobby more than an investment.
The big problem is power. New power is gonna depreciate no matter what you do.
.
For example:
Could I get 12 grand for this rig?

Probably, but put a new 250 e-tec on it and could I get 27 grand ? In 5 years ?
I think power is the killer, the hull itself can possibly get you your money back.

FELLOW-SHIP · #10 12-06-2005, 11:42 AM

You know maybe we are looking at this thin the WRONG WAY. If we looked at it that IF I hared a Captain and HIS Boat for 20 trips a year at approx $500 per trip it would cost me $10,000 per year to go fishing. So Dear, I am SAVING US MONEY by buying this boat and this new motor for it because over the next 8 years it would cost me $80,000 to go fishing and now it will only cost us “ONLY $27,000”. That means I am SAVING us $53,000 over the next 8 years.
What do you think.
FellowShip [img]/images/graemlins/smirk.gif[/img] [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/wink.gif[/img]