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High gas prices equal cheap motor boat prices

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CTV British Columbia: Peter Grainger on the deals

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CTV.ca News Staff

Date: Mon. Jul. 7 2008 7:58 AM ET

If you're in the market for a yacht, a gas-guzzling RV or a pleasure jet, grab your SUV and get yourself to a dealer because there has never been a better time to make a deal.

Sunny Bagri, a used-car salesperson in Surrey, B.C., says he's had to adjust his prices on gas-guzzlers for the high-gas price era. For example, a used Hummer is going for $10,000 less than it would have last year.

"We have a lot of people bringing in their big trucks and SUVs with big V8s, trying to downsize," he told CTV British Columbia. "Problem is they're taking such a big loss on downsizing."

Big car dealerships are feeling the pinch and are offering rock bottom prices and gas discounts on their fuel inefficient vehicles.

And there has never been a better time to buy a boat in Canada. The strength of the Canadian dollar has made for a glut of pleasure vessels available, softening the prices in the country.

But for boat owners, the cost of fuel is keeping many motor boats moored to port.

"People are spending a little more time on their boat, in the marina, whereas before they might've untied and gone for a whiz around the bay or something," John Snell of Vancouver's Thunderbird Marine said. "There's a few more dock parties happening, then perhaps there used to be."

On the sea, there are a few fuel-efficient options. Traditionally, power boats make up 60 per cent of west coast sales, with sail boats making the other 40 per cent.

But as the price of fuel keeps climbing, sailboats are selling just as well as their rumbling cousins.

Vancouver sailboat owner Judy Crumlin says that she can't complain when she hears about the prices power boaters are paying.

"I've heard to get over to Vancouver Island, it's about $300 dollars if it's a big boat. Just one way," she said. "So they're going to be suffering."

With a report from CTV British Columbia's Peter Grainger

Comments are now closed for this story

Fat Tony
said

It's the '70s all over again. Too bad there are no muscle cars to buy up and store for 25 years.


Anne
said

doesnt really surprise me, with such crazy gas prices. hmmm good time to buy one of those nice big boats I have been wanting with sleeping quarters!

and probably keep it at the marina lol


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