Catamaran sales results for August 2009 are in and it is good news for sellers.
YachtWorld.com, the leading provider of web based marine sales tools and information, reports that "more multihulls sold in August 2009 than the previous August by close to 20 percent and total valuations were up 7%. The report did go on to say that the time to sell a catamaran increased by 37 days.
Catamaran buyers often do lengthy research before committing to a purchase so seller must be prepared to wait. Motivated sellers are finding that patience is paying off. Buyers who wait appear that they may be paying more in the long run if they wait to long. A switch to a sellers market my be in the wind.
George Coggeshall
305 613-2262
Tuesday, September 29, 2009
Sunday, August 30, 2009
Catamaran Boat Shows October 2009
When shopping for a catamaran, a picture may be worth a 1000 words, but actually stepping aboard can provide you with priceless, first-hand experience. From October 8th to 13th, 2009 there will be three major multihull events taking place in
The United States Sailboat Show is the country’s largest in-water sailboat show. It takes place between October 8th, 2009 and October 12th, 2009 on the downtown waterfront of historic
The first ever Pre-owned Catamaran Show runs the same dates as the new boat show. This show offers free admittance to see many clean, late-model used catamarans. Pre-owned catamarans offer a great value and make getting on the water more affordable for many buyers. A well-maintained, used catamaran may offer you the opportunity to get away sooner as well. Many boats are already well equipped with the all that is necessary to get you underway on your journey. The show is located just outside downtown
The final multihull event in
Don’t miss out on the fun!!!
George K. Coggeshall
The Catamaran Company
305 613-2262
Thursday, August 27, 2009
Lagoon 440 For Sale
Pure Pleasure or Money Machine???
Lagoon 440 four stateroom with crew / guest quarters…….. !!!
“Sundance” and “Deborah Lee” have just listed with The Catamaran Company. These boats are well priced below replacement cost and very negotiable.
Lagoon 440 four stateroom with crew / guest quarters…….. !!!
“Sundance” and “Deborah Lee” have just listed with The Catamaran Company. These boats are well priced below replacement cost and very negotiable.
If you are looking at buying a private boat with great living space to cruise with family and friends it is hard to beat a Lagoon 440. Cockpits fore and aft, a fly bridge helm station with seating for a party, staterooms with private in suit baths, and a salon with a huge pass-through galley make this the perfect boat for pure pleasure. “Bluewater Cruising” magazine called it “one of the best cruising boats available”.
The Lagoon 440 can also be a money machine when placed in charter management. This layout has been the mainstay of The Catamaran Company’s successful charter program since the design was introduced in 2004. Ask about charter management programs available for this boat where you can have income when you are not out enjoying cruising the boat yourself. There are charter locations in Florida, the Bahamas, and through-out the Caribbean.
Monday, August 10, 2009
CATAMARAN INSURANCE
Be Safe……… Have the Proper Protection
What Does Cruising Insurance Cost?
You found the right catamaran and you are ready to buy that perfect boat. You have budgeted to invest a great deal of your hard earned money and you are ready to sail your local waters, oceans, or possibly the “Seven Seas”. Have you planned for the proper protection? Be sure to check the following with a qualified insurance agent.
The most common vessel coverage loss concerns are:
Fire, Theft, Property and Personal Injury Liability
Operator damage to the vessel and third party property
Third party damage to your vessel
HURRICANE (named storm) DAMAGE!!!
The first three groups of issues are similar to your home or car. You will likely want coverage up to the vessels current value and what ever liability coverage you feel is appropriate for your given personal situation. This typical coverage for a cruising catamaran will usually run between 1.5 to 3% of the vessels value in most cases. If you want replacement cost coverage rather than current value coverage of a vessel be prepared to pay a premium that is if you can even get the coverage (usually only available on a new boat).
Factors that affect coverage cost include:
The value, size, age, and condition of the boat.
Bigger and more expensive boats are sometimes less expensive to insure as a percentage of the boats value, but more expensive in actual dollars paid. Older boats’ coverage is often a greater percentage although the coverage cost is lower because the vessel is less expensive.
Your boating experience
Experience is sometimes an issue if the catamaran you are buying is significantly larger than your other vessel experience you already have. It is, however, simple to take a brief sailing school or have a licensed captain sail with you for a short period to observe and attest to your abilities in writing to an insurance company.
Chartering / business operation
If the boat is operated as part of a business or in charter it will certainly be at the higher end of the range of cost.
The dinghy
In some cases the insurance companies charge a premium for a nice dinghy. A separate policy may even be needed if the dinghy is very big or valuable on a large catamaran.
Area of coverage
If you plan on crossing oceans it is best to have the basic coverage until you need the ocean coverage. There is no sense in paying for an ocean coverage that many be months or years away when you are only coastal sailing or in the Caribbean.
Now for the………………BIG HURRICANE MYTH.!!!
Despite what you have heard or you think, it is actually possible to have your vessel covered during hurricane season in the central Caribbean and the Florida waters. I promise you that there are tens of thousands of boats in this area year round enjoying clear warm waters. I live in South Florida and travel to the Caribbean regularly. We don’t stop using our boats just because it is hurricane season!!! And I love sailing the Caribbean islands when the crowds have left for the summer.
There are, however, several considerations for cruisers in the tropics in this season. There is a premium for coverage in “the zone” and some insurance companies will want a written plan of action from you describing what you will due to reduce the possibility of damage to your boat and other property. The premium is not prohibitive if you have a reasonable budget (typically less than 1/2% of the hull value) and the action plan should be one of simple common sense. If your budget is tight then you may want a policy that does not include “named storm” damage. This doesn’t mean you have to leave the tropics either. You will still be covered for all the other events (fire, theft, etc…). You will just have to be well prepared to avoid damage that a named storm can inflict. A good “hurricane hole” or an agreement with a boat yard to haul you to a safe spot is a great alternative to giving up on the summertime tropic fun!!!
If you are still concerned with safety in the tropics you will want to leave but remember that some of the worst hurricane damage has happened outside the tropics. Granada, Honduras, Guatemala, and Belize long believed to be safe havens have been hit hard recently. In 2004 the vessels damaged in Granada caused by hurricane “Ivan” exceeded that of Andrew and Katrina combined. It was hurricane Bob in 1991 which devastated many fleets of boats in New England that summer and in the summer of 1938 the “Great New England Hurricane” killed an estimated 600-800 people!!! Wikipedia lists 57 named storms to effect damage in New England since 1900.
Don’t let hurricane season stop you from having fun where you are or where you want to go. You just have to be prudent and properly protected.
George Coggeshall - CPYB is a yacht broker at The Catamaran Company with over 15 years of experience sailing and selling catamaran in the Caribbean and elsewhere. He is a regular contributor to Multihull Magazine.
Be Safe……… Have the Proper Protection
What Does Cruising Insurance Cost?
You found the right catamaran and you are ready to buy that perfect boat. You have budgeted to invest a great deal of your hard earned money and you are ready to sail your local waters, oceans, or possibly the “Seven Seas”. Have you planned for the proper protection? Be sure to check the following with a qualified insurance agent.
The most common vessel coverage loss concerns are:
Fire, Theft, Property and Personal Injury Liability
Operator damage to the vessel and third party property
Third party damage to your vessel
HURRICANE (named storm) DAMAGE!!!
The first three groups of issues are similar to your home or car. You will likely want coverage up to the vessels current value and what ever liability coverage you feel is appropriate for your given personal situation. This typical coverage for a cruising catamaran will usually run between 1.5 to 3% of the vessels value in most cases. If you want replacement cost coverage rather than current value coverage of a vessel be prepared to pay a premium that is if you can even get the coverage (usually only available on a new boat).
Factors that affect coverage cost include:
The value, size, age, and condition of the boat.
Bigger and more expensive boats are sometimes less expensive to insure as a percentage of the boats value, but more expensive in actual dollars paid. Older boats’ coverage is often a greater percentage although the coverage cost is lower because the vessel is less expensive.
Your boating experience
Experience is sometimes an issue if the catamaran you are buying is significantly larger than your other vessel experience you already have. It is, however, simple to take a brief sailing school or have a licensed captain sail with you for a short period to observe and attest to your abilities in writing to an insurance company.
Chartering / business operation
If the boat is operated as part of a business or in charter it will certainly be at the higher end of the range of cost.
The dinghy
In some cases the insurance companies charge a premium for a nice dinghy. A separate policy may even be needed if the dinghy is very big or valuable on a large catamaran.
Area of coverage
If you plan on crossing oceans it is best to have the basic coverage until you need the ocean coverage. There is no sense in paying for an ocean coverage that many be months or years away when you are only coastal sailing or in the Caribbean.
Now for the………………BIG HURRICANE MYTH.!!!
Despite what you have heard or you think, it is actually possible to have your vessel covered during hurricane season in the central Caribbean and the Florida waters. I promise you that there are tens of thousands of boats in this area year round enjoying clear warm waters. I live in South Florida and travel to the Caribbean regularly. We don’t stop using our boats just because it is hurricane season!!! And I love sailing the Caribbean islands when the crowds have left for the summer.
There are, however, several considerations for cruisers in the tropics in this season. There is a premium for coverage in “the zone” and some insurance companies will want a written plan of action from you describing what you will due to reduce the possibility of damage to your boat and other property. The premium is not prohibitive if you have a reasonable budget (typically less than 1/2% of the hull value) and the action plan should be one of simple common sense. If your budget is tight then you may want a policy that does not include “named storm” damage. This doesn’t mean you have to leave the tropics either. You will still be covered for all the other events (fire, theft, etc…). You will just have to be well prepared to avoid damage that a named storm can inflict. A good “hurricane hole” or an agreement with a boat yard to haul you to a safe spot is a great alternative to giving up on the summertime tropic fun!!!
If you are still concerned with safety in the tropics you will want to leave but remember that some of the worst hurricane damage has happened outside the tropics. Granada, Honduras, Guatemala, and Belize long believed to be safe havens have been hit hard recently. In 2004 the vessels damaged in Granada caused by hurricane “Ivan” exceeded that of Andrew and Katrina combined. It was hurricane Bob in 1991 which devastated many fleets of boats in New England that summer and in the summer of 1938 the “Great New England Hurricane” killed an estimated 600-800 people!!! Wikipedia lists 57 named storms to effect damage in New England since 1900.
Don’t let hurricane season stop you from having fun where you are or where you want to go. You just have to be prudent and properly protected.
George Coggeshall - CPYB is a yacht broker at The Catamaran Company with over 15 years of experience sailing and selling catamaran in the Caribbean and elsewhere. He is a regular contributor to Multihull Magazine.
Wednesday, May 27, 2009
Exceptional Lagoon 410s for Sale
It is rare to have so many examples of this extremely popular catamaran model for extended cruising available in one place. Right now you can see eight of these boats in South Florida alone. There are another 2 in the southeast US. These boats are already proven cruisers and ready to go. There are another 12 in the Caribbean. I know many of these boats personally. Let me help you find the best value for your needs.
Friday, May 22, 2009
Catamarans Get Exposed
Whether you are buying or selling a catamaran you want all the exposure you can get. Open your eyes to all that The Catamaran Company can expose for you.
The #1 ranked catamaran website and 4 dockside showrooms help expose buyers and sellers to catamaran information more easily than anywhere else.
Finding the best catamaran to meet your needs can take time. You may have some idea of what you are looking for but you likely want to have first hand exposure to all of the possible information before you make a decision. Working with The Catamaran Company can get you that exposure to catamarans faster and more efficiently than any other resource.
Website Exposure
The www.catamarans.com website is the comprehensive source of the latest catamaran listings and prices. The site ranks #1 on all major search engines (Google, Yahoo, etc…). The detailed listings include extensive current photographs and they often include video and 360 degree images. Many other listing websites can’t handle multimedia presentation like www.catamarans.com. Many of the Catamaran Company listings also include online third party "Catchek" boat surveys that provide even further insight into the condition of many of the boats available. All new listing and price changes are activated on this website before being pushed out to all other listing sites. This means buyers get both more information and the timeliest information at www.catamarans.com . Remember that you can even sign-up for “new listing” and “price reduction” notifications to be sent directly to your email weekly from the website. There is also a “Killer Deal" notification sign-up for boats we believe are priced significantly below market value.
Dockside Exposure
The Catamaran Company is the best when it comes to physically showing catamarans for sale everyday with dedicated docks in Ft. Lauderdale, Florida, Annapolis, MD, and Tortola, BVI. Both new and used boats can be seen everyday. The docks and boats are accessible by appointment. It is common to have as many as 40+ catamarans at a combination of our docks. If you are a buyer this means you may see a boat that you did not even know you might like. If you are a seller your boat may be seen and bought by someone that wasn’t even considering your model boat for sale. It is also a great tool for a seller that has a boat that may be perceived as too expensive but worth it if “you have to see it to understand it is worth every penny”. A boat seen frequently on one of our docks is likely to save a buyer and seller a great deal of time and money.
Contact me for an appointment to get exposed. If a picture (or video) on our website is worth a thousand words, our dockside locations must be priceless when buying or selling. I personally have over 15 years of catamaran experience, including working visits to most catamaran manufactures from the USA, Europe, and South Africa. Both the buyers and boats on our docks as well as the www.catamarans.com website are getting maximum exposure everyday. This detailed timely information is sure to help whether you are a buyer or seller.
If you are ready to buy and you want even faster notification of special opportunities let me know personally. The information often gets passed around the office of the 12 catamaran specialist at The Catamaran Company before the boat or its' marketing are even ready.
Tuesday, May 19, 2009
How to Make Money Buying a Catamaran.... Not Selling
It can be said that selling a boat never makes you money. It is when and how you buy the boat that can however make it possible to sell at a gain. Right now is the time......... and let me tell you the how!
The best opportunities to get value when buying a boat are typically when a manufacture releases a new model or when the market is temporarily depressed.
Lagoon has announced the details of their new L400 & L620 models...........and you don't likely need me to tell you that the market is somewhat depressed.
To make the best of a new boat purchase consider the following. When a new model like the L400 or L620 is released there is "pre-production pricing" and there are typically opportunities to buy a demo boat that may be displayed at a boat show at a discount. Once the boat is available for every one to see the pricing typically increases and becomes inflexible. As your boat ages you will likely be one of the first boats on the used market. The higher pricing of a new boat built after yours will make your boat more valuable and the limited supply in the used market will give you even more used sales price advantage. We saw this with both the Lagoon 440 and Lagoon 420.
For more details and pricing of the new L400 and L620 email me: george.coggeshall@catamarans.com
When it comes to the depressed used market opportunities I can also speak from experience. Each time there has been a major down turn in boat market and the production of new boats contracted; the sale of used boats also became cheap.
1973-1975 -- Recession and Gas crises
1987-1988 -- Recession and Repeal of Investment Tax Credit for boats
1991-1993 -- Recession and Luxury Tax imposed on boats
2000-2001 -- Dot.com bust and 9/11
The result of each of the ensuing recoveries has been a lack of good quality used boats built in those down years. Thus, the limited supply has resulted in increased values in the good years.
You can also look for specials on dealer inventory stock boats in this market. The Catamaran Company currently has the complete range of catamarans from Lagoon in stock (L380, L420, L440, L500). You can make an appointment to see any of these boats at one of our dock locations by contacting me as well.
A purchase today insures your best chances of a gain in the future. So lock in your future gains on new or used boat now!
When making a bona fide offer always be prepared with a 10 percent deposit on both new and used boats. Many sellers are too proud to advertise how low they will seller their boat but please be realistic in your offer. Trust me or any other broker when being advised in pricing. We don't get paid unless the deal is put together but we don't want to waste your time or the sellers.
Give me a call or email for my latest boat recommendations that are personally tailored to your needs and requirements.
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