m very curious why there are sooo many o'days for 3,4 or 5000 for sail fully eqipoped and in good shape. a litlle capri 14.2 daysailor sells for 7k so a boat that sleeps 4 or 5 has an engine and can cruise the ocean has gort to be worth alot more! i'm curious for any explanationas i see this and a loss of pride of ownership in our chosen boats
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Don Evans
A Different Perspective
Dave, I'm not sure I agree with you (a friendly disagreement) on that "loss of pride" because it's so cheap. I don't equate cost to this, but thats a personal thing I suppose. O'Day 25's in Ontario are fairly rare, and command a much higher price because of it. That, and the fact they have a following, and are not thought of as junkers. The few I've seen go for between 10 and 16K, if you can find them. I suppose it comes down to availability, demand, and condition. There were thousands of 25's built in their production run, and there are a many around in the U.S. They, like any boat would have stood the ravages of time, with a little preventative maintenance and owner care. Some have, and command a higher price, while many, alas are deeply depreciated due to neglect. I agree that new boat prices are high in relation to a 25 year old boat, but it follows similarly in cars too. I'm just not willing to pay for a new boat, when there is so much out there to choose from. Bring on the bargains! 8^) Don
Dave, I'm not sure I agree with you (a friendly disagreement) on that "loss of pride" because it's so cheap. I don't equate cost to this, but thats a personal thing I suppose. O'Day 25's in Ontario are fairly rare, and command a much higher price because of it. That, and the fact they have a following, and are not thought of as junkers. The few I've seen go for between 10 and 16K, if you can find them. I suppose it comes down to availability, demand, and condition. There were thousands of 25's built in their production run, and there are a many around in the U.S. They, like any boat would have stood the ravages of time, with a little preventative maintenance and owner care. Some have, and command a higher price, while many, alas are deeply depreciated due to neglect. I agree that new boat prices are high in relation to a 25 year old boat, but it follows similarly in cars too. I'm just not willing to pay for a new boat, when there is so much out there to choose from. Bring on the bargains! 8^) Don
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R.W.Landau
I agree with Don
Dave, I bought a less expensive boat because I can do the work. The maintenance of the boat shows when it comes time to sell it. Mine was pretty raw but the foundation was good. I have to paint it top to bottom because of poor upkeep and a lousy captian. I expect to get much more than I paid for it but that may just cover my labor and upgrading. I bought the 25 O'Day because I thought it was a better built boat. I would have prefered an 83 but settled on a 78.The difference being about $5,000.00. I could do alot of upgrading for that kind of money. r.w.landau
Dave, I bought a less expensive boat because I can do the work. The maintenance of the boat shows when it comes time to sell it. Mine was pretty raw but the foundation was good. I have to paint it top to bottom because of poor upkeep and a lousy captian. I expect to get much more than I paid for it but that may just cover my labor and upgrading. I bought the 25 O'Day because I thought it was a better built boat. I would have prefered an 83 but settled on a 78.The difference being about $5,000.00. I could do alot of upgrading for that kind of money. r.w.landau
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dave
i agree also
thanks to both of you. down here 10k is about right so it kills me tosee them for 3k but then again they may have been neglected. i have had 4 o'days and maintain them as they should be. i once bought an 83 mercedes cheap and it died shortly yet there are others with 1 million miles on them so maintenance and history are the key to anything thanks for the input
thanks to both of you. down here 10k is about right so it kills me tosee them for 3k but then again they may have been neglected. i have had 4 o'days and maintain them as they should be. i once bought an 83 mercedes cheap and it died shortly yet there are others with 1 million miles on them so maintenance and history are the key to anything thanks for the input
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Mike Whalen
Location, Location, Location
I bought a '76 O'Day 25 this August. It had tow year old paint job, newly recovered cushions, a two year old rebuild of 84 9.9 outboard owner-made sail covers plus covers for basically whole boat. The boat is in great shape with all sails only a couple of years old. I paid $4,500. There are two others at the club for sale one cheaper one I don't know about it came on the market after I bought mine. The deal is that there is not a big market for sailboats in Knoxville. The club we belong to has about 100 in the water and that many on land. Otherwise you could cruise 200 mile radius without seeing a lot of other sailboats. Don, mine once lived in Canada. It still has a "proud Canadian" sticker on one window. Later, Mike
I bought a '76 O'Day 25 this August. It had tow year old paint job, newly recovered cushions, a two year old rebuild of 84 9.9 outboard owner-made sail covers plus covers for basically whole boat. The boat is in great shape with all sails only a couple of years old. I paid $4,500. There are two others at the club for sale one cheaper one I don't know about it came on the market after I bought mine. The deal is that there is not a big market for sailboats in Knoxville. The club we belong to has about 100 in the water and that many on land. Otherwise you could cruise 200 mile radius without seeing a lot of other sailboats. Don, mine once lived in Canada. It still has a "proud Canadian" sticker on one window. Later, Mike
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Josh
Another idea...
I think it also has to do with what you put into it, as well as get out of it. Most people that buy our boats are buying them as a labor of love, not to turn a profit. I paid three grand for mine, and will probably put another two into it when Im done. I'd feel guilty asking ten grand for it no matter how nice I made it. I bought it because I enjoy it, as a hobby, for a way to get away from everything, and so many other reasons. I can tell you the one thing I didn't buy it for is as an investment. Chances are when I pass it on and upgrade to oh, I dont know, a 272 LE...I'll ask little more then I paid for it. I'll have used it and loved it, and that's all I wanted to begin with. I plan to pass it on to the next owner for the same thing, at about the same price... Josh
I think it also has to do with what you put into it, as well as get out of it. Most people that buy our boats are buying them as a labor of love, not to turn a profit. I paid three grand for mine, and will probably put another two into it when Im done. I'd feel guilty asking ten grand for it no matter how nice I made it. I bought it because I enjoy it, as a hobby, for a way to get away from everything, and so many other reasons. I can tell you the one thing I didn't buy it for is as an investment. Chances are when I pass it on and upgrade to oh, I dont know, a 272 LE...I'll ask little more then I paid for it. I'll have used it and loved it, and that's all I wanted to begin with. I plan to pass it on to the next owner for the same thing, at about the same price... Josh
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Together
A cheap production boat but...
Here in Connecticut a good used 27 (late 70's, early 80's) would cost around 10k (deisel). Lots of water, lots of demand. Great first boat. That said, I wouldn't trade ours for twice that much. The boat's not perfect but that's the point. Because of age and slight neglect, not to mention a few flaws on the assembly line (i.e. backing plates and traveler locations), you learn to "complete and perfect" the boat and your skills. My friends and I are out, one or all, in foul and fair weather. We race hard and carry far too much sail. Last year we added spinnaker - black and orange (see photo gallery). New standing rigging this year... definitely! Yes, she's a cheap production boat, but a salty lady. Good sailin'. Ahoy Chris!
Here in Connecticut a good used 27 (late 70's, early 80's) would cost around 10k (deisel). Lots of water, lots of demand. Great first boat. That said, I wouldn't trade ours for twice that much. The boat's not perfect but that's the point. Because of age and slight neglect, not to mention a few flaws on the assembly line (i.e. backing plates and traveler locations), you learn to "complete and perfect" the boat and your skills. My friends and I are out, one or all, in foul and fair weather. We race hard and carry far too much sail. Last year we added spinnaker - black and orange (see photo gallery). New standing rigging this year... definitely! Yes, she's a cheap production boat, but a salty lady. Good sailin'. Ahoy Chris!
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Ben McAndrew
inflation
Hi. I think O'Days and other boats of a certain vintage sell for about the same price they were when they were new. If a boat is only say 3 years old, it has lost value. But if a boat like a.... 1977 O'Day 27 is sold for between 10K and 14K, that is what they were worth when they were new. With inflation, that may seem like a song for a new 27-footer in today's dollars, but in 1977, 10K-14K seemed like 36K-45K in today's dollars. I think you have to think of them like old cars. Once they reach a certain age, they start to gain vlaue, instead of loosing it. For example: In 1964 a brand new 16'7" Boston Whaler withour a trailer, motor, or any extras sold for $1158. Last year I bought a 1964 Boston Whaler from it's original owner, with an '87 Merc 50 engine and trailer, plus all kinds of extra equipment for $2100, and the guy launched it for me! I think that was a steal, considering other identical boats of the same vintage sell for between 4K to as much as 7 or 8K. So I think that these old Boats like O'Days are actually retaining their value quite well, considering all the upgrades they might have gotten.-BM
Hi. I think O'Days and other boats of a certain vintage sell for about the same price they were when they were new. If a boat is only say 3 years old, it has lost value. But if a boat like a.... 1977 O'Day 27 is sold for between 10K and 14K, that is what they were worth when they were new. With inflation, that may seem like a song for a new 27-footer in today's dollars, but in 1977, 10K-14K seemed like 36K-45K in today's dollars. I think you have to think of them like old cars. Once they reach a certain age, they start to gain vlaue, instead of loosing it. For example: In 1964 a brand new 16'7" Boston Whaler withour a trailer, motor, or any extras sold for $1158. Last year I bought a 1964 Boston Whaler from it's original owner, with an '87 Merc 50 engine and trailer, plus all kinds of extra equipment for $2100, and the guy launched it for me! I think that was a steal, considering other identical boats of the same vintage sell for between 4K to as much as 7 or 8K. So I think that these old Boats like O'Days are actually retaining their value quite well, considering all the upgrades they might have gotten.-BM
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