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  1. #1
    Join Date
    Feb 2007
    Location
    Dalton, GA
    Posts
    108

    Unhappy What will gas prices do to our resale value?

    Just wondering if anyone else out there is nervous on whether are not we should be hanging on to our gas guzzling wake boats are should we be selling them now before none of us can afford to fill them and no one else wants to buy them?

    Any thoughts on what gas prices will do to the values of our boats?

  2. #2
    Join Date
    Apr 2008
    Location
    Vacaville, CA
    Posts
    86

    Default

    There's no way I'm selling mine! When I take my boat out, I ask each of my friends that go with me to chip in $25-$30 for gas, which they're usually more than happy to do. This helps offset my fuel costs, especially when I have 4 or 5 friends with me. Now if gas were to go up to $10 a gallon, I might be changing my tune...

  3. #3
    Join Date
    Apr 2008
    Location
    California
    Posts
    2,840

    Default

    The resale prices on boats are definately down, more than most people would like to see. In fact I know of a '06 LSV with low hours that the owner just dropped to below $30K and he still hasn't got any hits. The boats that seem to be really taking it in the shorts are the high dollar bling boats while the lower end price point boats are doing a bit better.

    When i bought my new LSV a month ago i knew exactly what i was getting into and had no illusions about the boat market as it stood. I intend to keep it for quite awhile unless something were to happen to force my hand, but it won't be gas.
    2007 Mobius LSV

  4. #4
    Join Date
    Aug 2007
    Posts
    160

    Default

    I and 2 of my friends each put in 10 gallons of gas. shit 40 bucks easy, my problem is alot of my friends either don't wakeboard, and also dont have money to be spending. All my summer job money is going to my gas boat, and diesel truck. Maybe I'll have enough left over to buy me a tv for my college house. Who knows though.
    07 Moomba Outback

  5. #5
    Join Date
    Aug 2006
    Location
    Salt Lake City
    Posts
    2,291

    Default

    short term..
    I did not buy mine for an investment...but, I do like to know that I can get out without a loss...
    so, bottom line, now is probably not a sellers market, but that'll change... BUT, used boats will probably sell better than new in some markets..
    Brad

    2011 Launch 21V Sold... boatless replaced with a Jeep JKUR
    2006 Moomba Mobius LSV sold
    2004 Outback sold

  6. #6
    Join Date
    Dec 2004
    Location
    Cinci-Dayton
    Posts
    1,014

    Default

    When gas starts pushing the PITI, then you may have a problem. My Suburban runs me $2,000 a year more than a Civic at $4 gas. It is not the end of the world.

    Short oil, it is going to $75.

    SD2

  7. #7
    Join Date
    Apr 2007
    Location
    Las Vegas, Nevada
    Posts
    1,582

    Default

    I agree with JKendell. I also have friends who do not mind giving up a few bucks for gas. Makes filling up alot easier.
    Tazz 07' Moomba LSV --Kicker Marine Amps (MX700.5 & MX350.4) 6 polk DB651 speakers, 4 MB Quartz Marine Speakers, 10" Boston Acoustic Sub, Z-5 Cargo Rack, Custom Speaker/Light Bar, modified ballast system, Custom LED Rings
    Live life to the extreme and no less!!

  8. #8
    Join Date
    Mar 2003
    Location
    Springfield Missouri
    Posts
    3,175

    Default

    I do just as much boating but I now take people along to share the cost.

  9. #9
    Join Date
    Aug 2007
    Location
    Calgary, AB
    Posts
    43

    Default

    anyone considering owning a boat should not buy one if they are concerned about gas prices! it's like high-end sports car owners, you know you're not going to get 50MPG but that's not why they buy them. just like us boat owners, all the enjoyment we get out of boating is the reason we buy our boats. our gas in Calgary is $1.30/L, which is about $5.00/US gallon and it's supposed to go up to $1.50/L, that sucks. my thoughts are, omit one supper at a restaurant, cancel the $100/month cable, and you'll have the extra cash to spend on the boat!
    if there's daylight, I'd better be boardin'!!

  10. #10
    Join Date
    May 2008
    Posts
    2

    Default

    Hey can you give me the name of the guy who has that 06 Moomba LSV for sale, I am interested!!! bahl_97@hotmail.com

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