Anual boat depreciation - and why so few 1988 H23

Status
Not open for further replies.
B

Bill Leathen

I am in the process of buying my boat partners half of the boat, and am trying to calculate the fair market value of the boat. I am noticing two things. 1) There seem to be very few 1988 Hunter 23 wing keel boats for sale. Lots of 86' but few of other year boats. Anybody have an idea why that is? Did they just make very few of them in 88, and a lot in 86? 2. In light of (1) above, I am trying to evaluate the value of my 1988 H23 wing based on the many 1986 H23 wing keel boats that are for sale. Does anyone have an idea or rule of thumb for what the value of escelation or depreciation is for a 15 year old boat over a two year period? Any information will be appreciated. Thanks, Bill Leathen
 
S

Steve O.

BUC book

BUC is the "blue book" for used boat prices. Of course, it is only a guide, and other factors such as fresh or salt water, equipment, and maintenance will influence price. Maybe you should call a broker and they could give you a quote.
 
R

river9150

Survey

If the partners are serious they should spring for a survey from a licensed professional.
 
Apr 19, 1999
1,670
Pearson Wanderer Titusville, Florida
Price for 88 H23

I paid $5200 with the trailer and a 5hp Tohatsu outboard in 1999. The sails were the original, stock UK main and 110 jib and they were in decent shape. The interior was clean, dry and in excellent shape. However, the hull was extensively blistered and I didn't find out for five months because the trailer was on loan to the seller's friend 100 miles away. A year ago I also discovered that the port bulkhead where the chainplate is bolted was rotted and had to be replaced. I doubt the previous owner knew about these problems. I replaced the outboard (8hp Nissan), all the running rigging, halyard sheaves, two 12V batteries, VHF, depthsounder, compass, both side windows, the chainplate bulkhead and aft running light. Then there were new tires, hubs, wiring, lights, bunks and receiver for the trailer, plus the blister repairs on the hull followed by four coats of epoxy barrier coat and three coats of new antifouling. Add modifications to the stock traveler and backstay, new deck organizer, turning blocks and cleats to run the vang and cunningham to the cockpit, new jib tracks, sliding genoa blocks, new steaming light, new Hella fans and a few other things that are really optional improvements rather than necessities (like a tillerpilot and 15W solar panel). At some point I also need to sandblast, fair, barrier coat and refinish the keel and purchase a cruising spinnaker and second anchor with rode. With all these mods (not cheap) I still doubt I could get $8000 for the boat (which is about the highest asking price I've seen for an H23) because she still looks just like all the other 15 year old boats and that's what most people go by. Luckily for me, she's not for sale...hey, wait a minute...maybe THAT's why there are so few for sale!! Nobody wants to part with them! Peter H23 "Raven"
 
Status
Not open for further replies.