Originally Posted by Bionic Man
Iíve never bought a new fishing boat. But I bought my Malibu new. And it spent a ton of time at the dealer the first two years.
Now a fishing boat isnít nearly as complicated, but Iíd still expect to work some bugs out. Plus have a ton of depreciation.
And any boat you buy today, including the Lund I posted, really should easily last another 15 years if it is well maintained.
Iím a bit biased on new vs used fishing boats right now. But guys like you keep guys like me in business. So we are both doing something right.
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Depreciation the first couple of years is pretty heavy. I know you don't believe in book values, but I did not buy my boat for much more than book value on a 2018 Lund Impact (mine is a 2019). I shopped around, haggled, got the maximum manufacturer's discount in January and didn't get a bunch of options that don't really add any value to a boat. I have no intention of selling any time soon anyway.
As far as a 17 year old boat lasting another 15 years... of course, but I'll bet it takes more $ to maintain it. The current Mercury 4 stroke is a proven motor. They had some bugs with it when it first came out (and most new motors seem to have a bug or two). I have said that I am a Spartan kind of guy, but a new boat does provide a bit more bling than a new one. My wife justified buying a new construction home because you can sit on a toilet no one has used before (unless the construction people used it). I can kind of see her point of view.
Of course, you could also just get a new toilet seat, but it ain't the same...
If I were to buy a boat cash, I would limit it to $20K and below. I financed my current boat, and my payment on it is barely a trip to the grocery store. Not gonna be poorer or richer with or without it, so it makes no difference. I could go on with other factors, but there's no need to keep justifying my choice vs someone else's...