I don't think that's a realistic expectation. That's one reason to always try and buy a boat that someone else has already restored. I used to collect old Jaguars before I got into sailing, and at the time, a full-up professional restoration of an E-type cost about $125K. When it was done, you could sell the car for around $60K - depending on the model year. I'm not that great at math, but even I could see that buying a car, fixing it up, and then trying to sell it for a profit just didn't add up.
Looks like boats are the same. It would have to be an extremely rare collectible boat that you bought dirt-cheap to have any hope of getting your money back. Lee Scott > > From: [email protected] <mailto:IC27A%40yahoogroups.com> > [mailto:[email protected] <mailto:IC27A%40yahoogroups.com>] On > Behalf Of > Sneddon, Keith - ES/IS > Sent: Thursday, February 25, 2010 9:29 AM > To: '[email protected] <mailto:%27IC27A%40yahoogroups.com>' > Subject: RE: [IC27A] Re:C27 Value > > Has anybody on this list ever bought a boat, put money in it, sold the > boat, > and gotten all that money back? (besides you, Chef Yaz) > > "A boat is a hole in the water, into which one pours money" > > Keith Sneddon > #4760, "Am I Poor Yet?" > > ________________________________ > From: [email protected] <mailto:IC27A%40yahoogroups.com> > <mailto:IC27A%40yahoogroups.com> > [mailto:[email protected] <mailto:IC27A%40yahoogroups.com> > <mailto:IC27A%40yahoogroups.com> ] On Behalf > Of M.McCombs > Sent: Thursday, February 25, 2010 10:17 AM > To: [email protected] <mailto:IC27A%40yahoogroups.com> > <mailto:IC27A%40yahoogroups.com> > Subject: [IC27A] Re:C27 Value > > Don't cut yourself low! I'm getting ready to sell mine, as well, and I'm > running into this problem. In my area people are asking too little to sell > they're C27's, so I have to lower the price on mine to be > "reasonable." The > problem is I've dumped $10k into it since I bought it, so if I drop down > below that I'm losing money. Go for what you can get, $12k sounds like a > good starting point. If you start lower than that you're not just > short-changing yourself, but others in the area trying to sell they're > boats, too. > > Just my $.02. > > Mike > "Legacy" > > [Non-text portions of this message have been removed] > > ________________________________ > This e-mail and any files transmitted with it may be proprietary and are > intended solely for the use of the individual or entity to whom they are > addressed. If you have received this e-mail in error please notify the > sender. > Please note that any views or opinions presented in this e-mail are solely > those of the author and do not necessarily represent those of ITT > Corporation. The recipient should check this e-mail and any > attachments for > the presence of viruses. ITT accepts no liability for any damage caused by > any virus transmitted by this e-mail. > > [Non-text portions of this message have been removed] > > [Non-text portions of this message have been removed] > > [Non-text portions of this message have been removed]
