Holding their value

[Dave]

I was browsing through an old boating magazine (1988) the other day and was looking at the boats for sale and saw a 1986 Albin27 with the Nissan engine for sale for 33,000. These same boats ten years later are still selling in the range of 20 to 30 thousand, speaks well for the brand name. I think partly because of the diesel engines the values in the future will hold even better, I only burned 100 gallons for a 100 hours use this season.

[Veebyes2]

I kept my 1986 27AC for 13 years, took very good care of it, put 2000hrs on the engine & sold it for 5% less than I paid for it. Not bad for depreciation.

Not many boats will give that sort of return.

[Mariner]

I don't mean to diminish the truth of your comments about the quality of Albin boats, but I will say that I have generally found this to be true of just about all well built fiberglass boats.

Because a boat depreciates as a factor of the cost of a new boat, and new boats go up in price exponentially in relation to inflation, so long as they are well maintained, they generally do not lose much value over time.

There are a lot of 30 and 40 year old Boston Whalers out there that are selling at or above their initial retail price. Of course, their owners have dumped thousands into annual maintenance, repowering, and restoration, but, but the cash value of the asset itself has not greatly declined.