Why are 20 year old bassboats still $15-20 grand? Not trying to insult anyone,,just genuinely curious… a 20 year old truck is like $5 grand..
Why are 20 year old bassboats still $15-20 grand? Not trying to insult anyone,,just genuinely curious… a 20 year old truck is like $5 grand..
Some of it has to do with shallow water anchors, spot lock trolling motor, livescope and multiple large screen graphs. I’ve had my boat 22 yeas and in that time I’ve spent a lot of money attaching things that was not available 20 + years ago. That may not be the exact reason why they are so expensive but that’s what I think has cause some of the price increase. Then there is the economy. The number of people that have $ to buy new verses used has gotten smaller. With there now being more people looking to buy used it has drove up the price some because of demand. I think there’s multiple things driving up the price of used boats and I only touched on a couple…accessories and demand
Because few can afford to spend $100k on a new boat at 10%. If you can good for you.
I have a 05 201 Stratos would not take $20k for and it still has low hour hpdi. Hate to know what what I’d price it for with a new 4 stroke.
Pricing and selling are two different things but couldn’t replace it
Ditto that comment but substitute 2006 201 Stratos for me.Originally Posted by pantherdad
Finding someone to insure an older boat with those values is your greatest challenge.
Not an issue at all. Insure for an agreed value.
I was going to say same thing. I pay extra for an agreed value which IMO is a reasonable replacement like for like. Agent never even questioned.
The market on a solid, older used boat is good for the seller, tough on buyers. I have a 1998 BassCat Pantera II. It has a 200 Merc 2 stroke EFI with less than 15 hours on a new powerhead. Has Garmin livescope, 2 126 echomap ultra graphs, Garmin force trolling motor. I gave $13k for it and probably would sell it for less than $15k. It already had everything on the boat when I bought it.
Guess I should’ve mentioned.. I get it, if it’s got a newer motor on it there is value there..
but, say, 20 year old boat, 20 year old motor.. nothing special on electronics.. what gives?
Very true
That could be asking price but not what they'll get for it.
It appears older boats were indeed an appreciating asset. Its what the market will bear.
I know someone that just sold his 97 boat for the same price as what I sold mine for in 2000,
Because peoples greed blinds them from seeing reality. Unless the boat has upgraded electronics and has been repowered within the last 5 years, the sellers are just looking to take advantage of an uninformed person
Last edited by ECobb91; 12-08-2023 at 05:24 AM.
1995 Ranger 481v
1995 Johnson Fast Strike 175hp
I think uninformed is the key word here. There are plenty of resources available for reasonably accurate valuation of 20 year old vehicles, but not for boats. Plus, the woods are apparently full of people who want to dabble in boating without taking the financial plunge that a new boat entails. Those people do not follow boat models or know what to look for in terms of features or condition, or how to judge the health of an older boat. They may not be brilliant in terms of car/truck information, but they have FAR less information to apply to a boat purchase. We saw this big time in 2020 and 2021: anything that looked like it might float left the dealer’s lots, and boats under $20k still sell 10 times as quickly as boats over $60k do.
Last edited by Jbass123; 12-08-2023 at 06:07 AM.
If they are being bought it has nothing to do with the seller.
There is also a huge difference in an older boat that has been taken care of and not abused and one that has been beaten to death and left out in the elements. Like said the equipment does cost money on any boat. Why does everything cost so much? I have a 23 year old truck and it cannot be replaced for 5,000$ but it still looks new and is dependable. So there are a bunch variables I suppose. I have seen older boats that I would not even give 5 grand for. And don’t get me wrong I think old and new boats are way too expensive.
Sold my 02 Triton TR20 with an 02 225EFI for $19K this summer. Had a ghost and 2 carbon 9's with 235hrs. Buyer got a great deal on a solid boat.
2020 Caymas CX21 Pro
Mercury 250 Pro XS
Serial# 2B686100
Lowrance Ghost
Lowrance HDS 12 Lives
AT1
My BassCat Puma is 10 years old, half the age you mention, garage kept and is 2023 tournament ready. Upgraded electronics (yes, a Livescope too), new padded carpet, getting new Power Poles next week, engine has about 400 hours and has been maintained, new trailer tires. If I had to sell price would be double what you are talking about.
People tasted the Covid economy that was over inflated.houses cars boats,just about everything.time to come back down to earth. You can ask what you want as long as you are willing to not sell it.
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