Can ya believe a Cig owner told me this?
06-08-2008 | 08:28 PM
#11
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I have been boating all my life and 2 years ago got my first performance boat. Fountain... Nice boat, but not the best when it get rough. I'm now shopping for a better ride and have narrowed it down to Cigarette and Apache. I recognize that I don't have the bank account that a lot of boater have, but I also know that the amount of money in my pocket doesn't determine my passion, drive or desire.. I found a 31 cigarette that I really liked here on OSO and began negations with the seller, we agreed on a price, I got a survey done and to both of our suprise the value on the survey didn't support the purchase or a loan. The seller got so pissed at me and was determined that his was the nicest available and that the surveyor can't possibly know what he is doing. I tried very politely to tell him that I am not trying to tell him this boat isn't as nice as he feels it is. In fact I told him the reason I wanted it was that it was no nice and cared for. Anyhow I got to the point that I just simply told him " the value in the survey just won't support a loan. He exploded and told me " if you have to borrow money to buy and Cigarette, then I sound just go buy a Bay Liner". I have never been so offended by another boater. This boat is Hot, the seller is a bulldog. A note also: even if i did have the cash to pay for it, my loan from my credit union is 4.9% and after the interest deduction it's pretty cheap money. Anyone looking on OSO for a 31 cigarette, be careful of the bulldog.
06-08-2008 | 08:40 PM
#13
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06-08-2008 | 08:47 PM
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He pissed me off so much that even if he offered to sell it to me for less then the survey, I will not buy his boat. After all this I have found a cafe that I am very interested in. Very well cared for and a seller not unrational. I am a very unemotional buyer and able to move on without missing a beat.
06-08-2008 | 08:54 PM
#16
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After the explosion he actually sent me an email to say that he is willing to lower the price (still not low enough). My reply was that "i'm sorry I am only able to finance a Bay Liner". Here the honest to God truth. If the guy didn't treat my surveyor like dirt and didn't explode, and insult me then I probable would have found a way to make it happen. This is one of those cases that the boat isn't worth dealing with the seller.
06-08-2008 | 08:57 PM
#17
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I don't think NADA means much at all. Surveyors have research on recently sold to compare just like realtors. Out of all the 31s sold the most expensive was a 91 (3 years newer) that sold for 55k and it took 2 years to sell.
06-08-2008 | 08:59 PM
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06-08-2008 | 09:09 PM
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Surveyors have been wrong on value. One's that don't really know high-performance boats are only guessing. Sometimes C/U's use only NADA which can be WAY off.
While how you pay for your boat is solely your business, I can only imagine the scenarios the seller could be experiencing right now. He may be out of work, have a sick kid or both- or lots of other things. He could also be a tool. If you really like the boat, PM Ed Cozzi- he can help point you in the right direction. There are lots of boats for sale right now so I wouldn't sweat it. Or the seller.
While how you pay for your boat is solely your business, I can only imagine the scenarios the seller could be experiencing right now. He may be out of work, have a sick kid or both- or lots of other things. He could also be a tool. If you really like the boat, PM Ed Cozzi- he can help point you in the right direction. There are lots of boats for sale right now so I wouldn't sweat it. Or the seller.
I did find a nice boat, currenly owned buy a man who has cared for. he also realized that he has a lot of money invested in this boat that he will never get back, as well as understands the market conditions.
