Ireland's sailing, boating & maritime magazine

Buying a new boat in sterling? Think again, say IMF

6th February 2009

According to research just conducted by the Irish Marine Federation (IMF) at ast month's London Boat Show, buying a new boat in Sterling is not cheaper than buying a new boat in Euro. The survey conducted by the industry body was made across a range of products and brands. "It indicated that despite the public perception and the recent fall in the value of Sterling that in every case the Irish price in Euro came out cheaper", says IMF spokesman Steve Conlon.

The survey was conducted across several of the leading brands of sail and power boats all manufactured either in the Euro zone or in US $.

In every case the Sterling price came out more expensive than the Euro price excluding VAT, however, all boats entering Ireland must pay VAT at the full Irish rate of 21.5%.

"Apart from the obvious convenience of doing business at home it is cheaper and you are also assured of a better service", said Conlon.

Boat Make                      Price in Sterling   Price in Euro
Beneteau Oceanis 54’        £255,000.00        €249,000.00
Beneteau Oceanis 50’        £209,900.00        €209,900.00
Sea Ray 175                    £19,700.00         €18,500.00
Jeanneau 32 Prestige        £168,300.00        €170,353.00 Team

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