When To Buy
May 29, 2011 7:53 PM | Tagged as Buy
Should You Buy A Boat Now?
Having been an observer of boat sales--and prices--since 1969 I have seen a pattern repeated no fewer than four times during the last 30 years. It is simply this:
In difficult economic times many consumers typically delay new boat purchases. That drives prices down for inventory in the distributor pipeline.
New Boat Prices Are Dropping
...But They Will Go Higher
After every recession boat prices end up being higher than before. And the people who delayed their boat purchases simply waited to pay more.
Buy Low....Sell Higher Than If You Waited
I'm sure over the years you have heard some boat owners brag that they sold their boats for more than they paid, or who owned boats for five years or so and sold for nearly what they paid. Invariably those are boatmen who bought when others waited.
So, if you are in the market for a good deal on a boat, or if you want to minimize your boat's depreciation over four or five years, there is no better time to buy a new boat than right now.
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