Last edited by sunsation96; 06-15-2010 at 02:29 PM.
You are right, we (OSO members) look at boat listings and wonder how that price was derived, whether it is a high price or low price. For example, years ago, my father was considering a new boat (used), and the 32' Skater that was once called "Agitator" renamed "Mouse Trap" at the time was for sale, but before he could figure out who to contact and if he wanted to pull the trigger and what to do about insurance, the boat was sold. I thought the boat was under-priced, and was a steal, and my father would not have hesitated to pay the asking price for that boat (that in itself would have been a miracle). And then you look at some of the boats on the other end (being priced high) and wonder how did that person come up with that price (other than that is what they owe on it). Good thread.
That Donzi 28 with 350's is a 35-40K boat, new it shouldn't have sold for 89K!
The 32 Sunsation with the 525's is almost worth buying and pulling the 525's out to sell/use in something else and slapping a pair of 496's in the boat to use all the time.
A few boats have actually had the prices raised on, one boat went up $3500 and another went up 15K. My guess is they have had work done and simply took the repair bill and added it to the asking price! One dealer had a boat on ebay for 90K, posted here it could be had for 80K and in the last few days mentioned it could be had for 110K (SAME BOAT!).......
Reality is many boats big and small from all manufacturers were being sold for crazy money when new and now that the music has stopped the secondary market has dried up for resales. The market "sunk" on these boats but the cost to operate/maintain/insure/store these boats is the same as it was 3-4-5 years ago.
If I was buying today, I would want the nicest boat (paint, options I want, condition) reasonable hours and offer a few bucks more than the average boat in its class is worth. To me 10-20K more on a 100-150K boat is worth it compared to buying a cheaper repo, short sale whatever since these boats eat 10-20K in a heartbeat!
Problem is too many folks are buried in their loans and can't sell for any price!
FPC (FL powerboat club) had members that would buy new powerboats annually, trading out of the old boat even for what they paid for it last year. That isn't real world but with crazy financing and an aggressive dealer you could get away with it. Of course when the market changes you are suddenly 200K upside down on that last boat and no one is there to help!
I know there are many ways to determine boat values. Banks I have delt with in the past for loans use NADA and when I compare asking prices to book values it is like 1/3 to 1/2 of the asking price.
However, that 05 Donzi isn't a 35K boat (unless repoed and you steal it), I'd say 50's is reasonable. Everyone talks about all these great deals, but I had a hard time last year actually buying one.
even some advertised at low price stays for sale for... too long... IMO, just more boats for sale than buyers on the market...
Last edited by AIR TIME; 06-15-2010 at 05:39 PM.
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