Question on boat values
#11
Registered User
![Default](/forums/images/icons/icon1.gif)
The way the market is, everyone's boat is depreciating more rapidly than the market is recovering. There is a huge glut of used boats on the market and it's going to be worse in the spring once "new boat fever" really kicks in.
I know a couple of guys myself that are $50K or more upside down in newer performance boats. Gas and insurance costs are hurting everybody.
I know a couple of guys myself that are $50K or more upside down in newer performance boats. Gas and insurance costs are hurting everybody.
#12
Registered User
Thread Starter
Join Date: Jun 2006
Location: Saucier/Gulfport, MS
Posts: 497
Likes: 0
Received 0 Likes
on
0 Posts
![Default](/forums/images/icons/icon1.gif)
That bigger garage is looking like more & more like a good option....
I'm not upside down, but I really don't want to just give it away, so keeping it for now may be the way to go....
![Big Grin](/forums/images/smilies/biggrin.gif)
I'm not upside down, but I really don't want to just give it away, so keeping it for now may be the way to go....