Did I miss the recovery in the boat market?
#32
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Location: Royal Oak, MI
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#33
OSO OG
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ACV = actual cash value. It's what you can sell the boat for TODAY. PERIOD. It's what a dealer would use as a figure then combine that with adjusting the MSRP on a new boat (or used ask price) and come up with a number to show you so you don't feel so bad LOL.
Example..
MSRP is 100K. ACV on trade is 35K. Dealer can really sell the new boat for 85K. but you want a min of 40K. No problem. I'll show you 40 and you pay 90. Still getting 10% disc on the new boat. Psychological
Example..
MSRP is 100K. ACV on trade is 35K. Dealer can really sell the new boat for 85K. but you want a min of 40K. No problem. I'll show you 40 and you pay 90. Still getting 10% disc on the new boat. Psychological
#34
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Location: Royal Oak, MI
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ACV = actual cash value. It's what you can sell the boat for TODAY. PERIOD. It's what a dealer would use as a figure then combine that with adjusting the MSRP on a new boat (or used ask price) and come up with a number to show you so you don't feel so bad LOL.
Example..
MSRP is 100K. ACV on trade is 35K. Dealer can really sell the new boat for 85K. but you want a min of 40K. No problem. I'll show you 40 and you pay 90. Still getting 10% disc on the new boat. Psychological
Example..
MSRP is 100K. ACV on trade is 35K. Dealer can really sell the new boat for 85K. but you want a min of 40K. No problem. I'll show you 40 and you pay 90. Still getting 10% disc on the new boat. Psychological
The only number worth looking at on trade is difference.
#36
OSO OG
Gold Member
#37
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iTrader: (3)
ACV = actual cash value. It's what you can sell the boat for TODAY. PERIOD. It's what a dealer would use as a figure then combine that with adjusting the MSRP on a new boat (or used ask price) and come up with a number to show you so you don't feel so bad LOL.
Example..
MSRP is 100K. ACV on trade is 35K. Dealer can really sell the new boat for 85K. but you want a min of 40K. No problem. I'll show you 40 and you pay 90. Still getting 10% disc on the new boat. Psychological
Example..
MSRP is 100K. ACV on trade is 35K. Dealer can really sell the new boat for 85K. but you want a min of 40K. No problem. I'll show you 40 and you pay 90. Still getting 10% disc on the new boat. Psychological
#38
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!
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!
BTW, I have a 2006 22' cuddy in great condition, will sell for $56k Nice, low-hour small block, great on gas
#39