Boat price equivalncies over time. 20 yeas ago & today..

[Wood Zeppelin]

Does any have any idea if a smaller C-dory sold 20 years ago for say $15,000, and if you put the same boat on the market today, (and all other things being equal) what would be it's value now?

So this is really a questions about (a) whether C-dory's appreciate of go down in value over time (condition of boat held constant) and (b) inflation or changes in buying power of the dollar.

Say bought a used 19' Angler, for $15k, then stored it away in a garage. 20 years ago. you haven't touched it since.

You roll it out today to sell it. Still worth $15k? More? Less?

 

[thataway]

At this point, because of multiple factors, the older boats seem to be appreciating. For example my 1993 C Dory 22, sold for $25,000 when new. It was sold 3 x before owned it for $25,000. I sold it for slightly less because of an oil pump issue with a Fitch Evinrude. That motor was eventually replaced and a newer motor was installed. Several years ago a friend bought that same boat for $25,000. If I were to sell it today, I would ask $35,000 and probably get in the high 20's. More than the $25,000 I paid, and what the boat cost new.

Now the value of the dollar comes into play. A dollar in 1993's currency is worth $1.86 in today's currency. So had the boat appreciated or not? The dollar has inflated, and it will inflate more rapidly in the next few years.

 

[T.R. Bauer]

My boat was 28k new in the early 90s. It's worth more now. But is this really appreciation? Not really...28k is more like 80-90k in these times. A boat as an investment isn't one.

 

[Wood Zeppelin]

It seems from what you all are saying... that regardless "inflation", a C-dory could sell for about the SAME numerical dollar amount 20 years later (if in about the same condition)...

Like: Bought for $25k in 2000. Kept in a garage and not used. Sold for $25k in 2020...

Sound about right?

 

[hardee]

I think you are onto something there. Yes, and indoor storage is really an investment in keeping your investment in great shape.

Harvey
SleepyC :moon

 

[T.R. Bauer]

It seems from what you all are saying... that regardless "inflation", a C-dory could sell for about the SAME numerical dollar amount 20 years later (if in about the same condition)...

Like: Bought for $25k in 2000. Kept in a garage and not used. Sold for $25k in 2020...

Sound about right?

Yup, sounds about right. Mine is garage kept and still has that nice mirror like gelcoat finish. I have an unrestored pickup (well cared for) that I drive daily from the 70s.....If one takes care of stuff it is amazing how long it will take care of you.