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-   -   Can ya believe a Cig owner told me this? (https://www.offshoreonly.com/forums/cigarette/188457-can-ya-believe-cig-owner-told-me.html)

rlj676 06-09-2008 02:49 PM


Originally Posted by TexomaPowerboater (Post 2584699)
Yes I can believe he would say that. In my experience 90% of boatowners in the $50K+ range are *****s. I have had the same problems trying to finance an older restored boat, except the apache. The bank and surveyor all agree it was worth significantly more than the asking price..........and a nice little down payment doesn't hurt. IMO maybe not the best idea to do 100% financing on a boat........thus the bayliner comment. Heaven forbid you blow an engine and you will be upside down on the note.

If you have $10K sitting around, and get a decent rate on 100% financing compared to 10% down, etc, I'd rather have that cash invested but available in case of the blown engine you mention.

Ona-Mission 06-09-2008 03:01 PM


Originally Posted by big-boss (Post 2584653)
Ona-Mission
Bottom line is: You agreed on a price after negotiations right? If you could afford it then why did it take some surveyer (or your wife?) to tell you it was too much. The seller has a point I would be upset as well- you backed out of the negotiated price the deal. You suck!

Kiss my ass. you obviously don't understand what was going on. For your info. No wife to make a decision for me.

rlj676 06-09-2008 03:05 PM

Ona-Mission, would you mind sharing what credit you're using? You're in MI right?

Thanks

jeff32 06-09-2008 03:18 PM

50k speed boat range like me is IMO '' the poor guys speed boat category''

So financing needs specific things to support the loan. On a mission had financing done before buying but since document does not support the loan, paying the 10 or 20 k difference cash is not necessairly an easy task (at least for me). Maybe it's easier for someone buying multiple 100k boat. and I'm sure sometimes some of those multiple 100k boats are up to their own limit also in cash flow...

So I agree with his point in backing up, he probably simply does not have the choice because of the loaner...

Clay Washington 06-09-2008 03:21 PM


Originally Posted by jeff32 (Post 2583909)
Yeah... Clay would not sell his boat under priced with all positive things he's getting out (or in) that boat!!! I understand...:ernaehrung004:

HA HA! I would sell my Bullet for $59,900 today. It's a great boat and works perfectly. When I bought it in 2006 it surveyed for $72,000. But, two years and high gas prices have hurt the high-performance boating market. I don't know what it would survey for today.

Good luck! :cool:

rlj676 06-09-2008 03:24 PM


Originally Posted by Clay Washington (Post 2584767)
HA HA! I would sell my Bullet for $59,900 today. It's a great boat and works perfectly. When I bought it in 2006 it surveyed for $72,000. But, two years and high gas prices have hurt the high-performance boating market. I don't know what it would survey for today.

Good luck! :cool:

Anyone that's seen the pics of it loaded with Claymates would probably pay over that.:drink:

jeff32 06-09-2008 03:27 PM

Big-boss, I also understand your point. But you probably are ( I may be wrong on that) among those able to spend cash the extra 10 or 20k $ difference to think like that.

if that's the case, then I understand why you can see things on a different point of view...

Steve_H 06-09-2008 03:37 PM


Originally Posted by big-boss (Post 2584653)
Ona-Mission
Bottom line is: You agreed on a price after negotiations right? If you could afford it then why did it take some surveyer (or your wife?) to tell you it was too much. The seller has a point I would be upset as well- you backed out of the negotiated price the deal. You suck!


:rolleyes: did you just fall off the turnip truck? how many used boats have you bought and sold? agreeing on a price is only the beginning when negotiating the actual sale price. its only a starting point. a good survey is needed for financing, insurance and working out a fair price for the boat.

lakeluvr 06-09-2008 03:54 PM


Originally Posted by big-boss (Post 2584653)
Ona-Mission
Bottom line is: You agreed on a price after negotiations right? If you could afford it then why did it take some surveyer (or your wife?) to tell you it was too much. The seller has a point I would be upset as well- you backed out of the negotiated price the deal. You suck!

Thank you!! Guess I'm the "bulldog" Here is my side. Yep, it was my Bullet....he calls it a "Bullit" lol. Anyway, We had an agreed on price, which I'm sure he figured was a good deal. My problem was that I didn't get a contract signed at that point. Anyway, the surveyor looks at the boat, has never surveyed another Bullet, only one other Cig a TG several years ago. Apparently some calls were made and book calls for that range, which for most Bullets would cover it. But not this one, as many of you know. I offered to lower my price some to salvage the deal, but it was over. There aren't alot of Bullets out there and certainly none quite like mine. Several way more than mine in fact, so don't feel like mine was out range. I'm sorry that it got out of hand but I was the one who was insulted, so I wish him luck.

lakeluvr 06-09-2008 03:57 PM


Originally Posted by TexomaPowerboater (Post 2584699)

Bib-boss makes an interesting point, but valid. He did back out of the deal. The buyer should have had financing in place before the survey. The seller has a right to be pissed.

Thank you.... my fault for not have a contract signed after some negotiating for a selling price.


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