Cigarette Fire sales
 

I have to believe they will begin soon... any thoughts ? It seems like a LOT of "overpriced, USED" and stale inventory out there. I sure would not want to be a seller in this market.... anybody for discussion of the late summer, fall market?:party-smiley-004:

been looking since april and I'd say ALL of the boats I had my eyes on are still for sale... mine too!:rolleyes:

I have one!!!!!!!!!!!!!!!!!!
 

2006 39' Cigarette Top Gun Unlimited w/Mercury Racing 850SCI's, #6 dry sump drives and Hering 5 blade props.......................................It's a steal at $325,000.00

http://www.offshoreonlyclassifieds.c...o24663-en.html

fall/winter is going to discount all brands of boats. Cig's got really expensive in the 04-06 years so a few owners got buried in what are now 3-5 year old boats. These boats are reaching the rebuild times/ headers etc which become sunk costs that cannot be simply added to the sale price.

I think the individuals that own boats that wish to sell will have to make the decision do they want it sold or do they want it for sale. Dealers will just have to eat the loss and get the boat off the floorplan. I think the easy financing has dried up significantly as well which doesn't help the sales of any boats.

Of course some will come on here and claim since Phil blessed their boat with custom paint, aluminum trim pieces and personally oversaw the build that their boat is not valued the same as a "production" Cigarette.

Used boats are just like used cars, pieces of metal/fiberglass that all have a value at which point they will sell or sit.

Very nice, it should sell at that price.

Here's my synopsis of how this conversation goes from the prior posts of people selling Cig's (mostly the 90's and older ones though).

Shoppers - "Most of these boats aren't discounted at all showing the current market, economy, and gas prices. Further, straight bottom boats are really on their way down and prices aren't showing that on 15+ year old boats."

Sellers/Owners - "Real shoppers will know how nice this (insert cig model) is and pay to get it, despite "firesales" which aren't happening anyways."

Actually, "firesales" may not be happening, which is why nothing is selling?:party-smiley-004:

I gave up
none of them are a steal ...Yet

????????????????
 

J. Don't say it's not a steal just because you don't want one with big power.

I probably should have waited on our purchase back in april. oh well, you know what they say about hindsight.

Interesting question. There have been a lot of Cigs sell lately, the 93 lip ship top gun, GLH's tiger, kevins 35 and 38, American muscle (II?), Helios 46, Offshore cowboy 39, the 42 twin step that was going to be traded on American Muscle, Tanners 38 top gun, King Baby 42. That's the ones I can think of off my head.

One of the next Cigs to sell I bet will be spine tickler and I think Wilds boat will go quick too.

A lot of twin steps finally came on the market in the last 30-40 days, before that it was pretty slim pickings for the 2000-2002 38 cigs for sale.

Haven't heard but I don't think any of them went for fire sale prices.

Looks to me that clean boats priced right are selling, older stuff without updates or needing power or drive upgrades and those that have the same selling prices as they were asking last year aren't selling. There may be some fire sales but I don't think you're picking up a twin step gun for $100K for a couple of years yet.

I can tell you I looked into a 38 DOnzi ZRC last year and the boat is still for sale only for $5K more than they were asking last year :rolleyes:, so it isn't just Cigarettes that have some stale ads on OSO. You could say it about every brand on here.

So, there are boats for sale and boats that people want to sell, two very different things.

One cig model that I will say is getting real cheap are the Gladiators.

Damn JS, sounds like you're taking a shot at someone, but I could be wrong.:p

I don't think my boat is worth any more than anyone else's because Phil built it (or for any other reason for that matter). Cigarette's are a great piece no matter who oversaw production or did the rigging. But, I still wouldn't part with mine for under $100K. That's a personal decision on my part, not a shot at everyone else's rigs. But then again, mine isn't "for sale" and I'm happy with it so....

Don't forget Wes' 2007 39 / 700 Lost Cowboy sold last month /pretty quick too (BTW it was a Lip-Ship Edition)

My guess is the bottom feeders will still be shopping next, year, and the next year, etc. The entire 8 years I've been on this board there's always been the "I'm waiting for the market to bottom out" crew.

I guess some just assume that no one that owns these boats can actually afford to own them, or wait for their number? The only "buyers market" or firesales I've seen, is for junk that will end up costing the same in the end as a nice boat to make it right. Funky paintjobs and weird power setups obviously are discounted, but then you have to change that or suffer the same loss down the road.

The folks selling those might be having firesales, but what have you saved by getting one of those?

I sold my Cigarette a few months back within a couple thousand of the listed price.

If you have something that has some uniquness to it, there will always be people willing to give you fair money for it thanks to it's exclusivity. Obviously patience is of the essence.

My guess is a similarily priced boat of a bigger number produced brand would still be in my driveway.

Actually wasn't thinking of you (forgot your boat was a Lipship). There are a couple of Gladiator guys that are real proud of their Lipship rigs.......

American Muscle II sold twice this year.

I think you would be shocked to hear some of the prices that these rigs brought, hint no where near what the original asking prices were when they were first listed.

Just bustin' on ya!:ernaehrung004:

????????????
 

I sold it both times and I think the buyer and the seller were happy with both deals!!!!!!!!!!!

You must be the only guy in the boat business selling any boats in 08!

How fast is that 39 with 850's you have for sale?

things are selling
 

Delivered the 2006 39' Cigarette with 1075's today!!!!!!!!!!!!!!!!!!!! the 850 boat runs 108-109mph.

My guess is the bottom feeders will still be shopping next, year, and the next year, etc. The entire 8 years I've been on this board there's always been the "I'm waiting for the market to bottom out" crew.

I got too old and fat too keep waiting......so I bought:grinser010:

and there ya have it, no matter what the price it wont be low enough for some...sure you can buy one that needs work real cheap, but by the time you do it all and invest the man hours, be better to buy one in better shape

Well said, well said....
Capitalism at its finest, for every seller you need a buyer and that transaction will determine the price. Listed prices are a starting point and it goes from there.
Some hope for a fire sale but it never comes.... they end up talking alot and buying nothing.
:cool:

Wes and BLee
 

Wes yours and BLee's comments are right on.................. thats why you own one of the best looking Top Guns on the water and BLee has one of the best looking 368 afloat!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I think a lot of the problem in the future and to some degree right now is buyers (like yourself) are looking for steals (which who can blame you in this economoy) and the sellers are upside down in their boats and the difference is too much for them to come up with so he just keeps his boat and therefore not a lot of boats get sold and they sit on the market.

Now, sometimes you may catch the seller who has the title and chooses just to get out and that is usually where you can pick up the steal.

If you are looking for a steal you'll just have to be patient, it may not come up today or tomorrow but maybe sometime in the future.

Like always, the boats that have known history of being well maintained and that have good graphics don't seem to last long if reasonably priced.

How can that be when a 700 boat runs 106?

Thought a 39 would be faster than 108 with 850's

In Australia I can't give my top gun away in this economic climate. My buddy works for our leading boat trader magazine and says our marine industry is doing it very, very tough.

speed??????????????
 

It has a full cabin and a vacuflush head. That speed is with a load of fuel and 5 people in the boat. I have not run it low on fuel and only 1 person in the boat?? I think Cigarette has change the gear ratio in the drives on the new ones and they run like 110 to 111mph. You might check on the speed of a 39' with 700's that has a full cabin and a vacuflush head??

That's what I keep telling the guys that tell me they see other Cafes on the market for 45-50k. I tell them go ahead and buy 'em...you can spend the money now...or spend the money later(like I did).

So mine doesnt have 502s or 500s...Its reliable and you can have Raylar or Whipple wake up the 496s...much better than having Joe's Racing Engines build you a set of car motors...

So mine doesn't have the flashy graphics...spend the money on some graphics and that'll get dated like everything else...

No problem for me...I own all of my boats...not the bank, so although I will lose money when I sell, I don't need to pay off a note...so I aint "upside down"

I don't think everyone is looking to buy a used Cigarette for 50% off but the full asking price sales are no longer happening despite the seller's denial. Look at the 07 OSO TG (525 boat with 70+/- hours still under MSO/warranty). IT SOLD FOR 250K last October. Now it didn't have a full cabin(covergirl) and it was white (no paint). Now there is not a single 525 powered TG out there older than 07 that I would pay 250K for in today's market. Yet there are several old boats (05-06-07's) for sale with for sale for over 250K but reality is that the boats aren't pulling those numbers anymore.
Back when the stock/ real estate market was booming no one really cared about prices they just wanted to spend their profits.

Now on the older boats (15-20 years old) they are valued on a per case basis. A mint boat with all the right updates is worth more than a beater but seems everyone with a 15 year old boat with new gauges thinks their boat is just as good as the next guys boat with new paint/ power/ trailer. In my mind a 15 year old 35/38 that runs good but is not updated is really a 35-45K boat in todays market. Yet those boats are all priced at 65-80K. Reality is what the dealer/ buyer will take it for not what everyone is asking. A mint boat with new power is worth 80K to the right buyer with cash in hand (since the bank won't lend that much).

Odd boats will pull crazy money like that 92 #6 TG with fresh paint/power that sold last year for 180k (new owner has it listed for over 200K now in classifieds, haha) or GLH's Tiger/#6's but most of the older stuff is just a used boat in the buyer's eyes.

Everyone wants a deal, had a guy call and make me an offer for my $150k and a classic camaro, i sayed yes, he then called back and said how about $140 and the car - he heard a dial tone after that, some people got balls. Dont make an offer, then reoffer after that offer is accepted

Thats half the reason i have it listed with a broker, i dont have time for the Bull Sh*t calls

classic...exactly what I did...Had my boat somewhat sold after Destin PR coming up..price was settled to only get a call 2 weeks ago that he was going to build a new one for around the same price with Nor-Tech..I told him impossible, and told him to quit wasting everyone's time, and hung up on him. I get a call on Sunday saying he will give me 30k less than what we agreed on the first time..the conversation ended quickly from that point...NOT FOR SALE...and unfortunately he's now a member on this board...

is his name jim d :ernaehrung004:

HA, that made me spit beer...

LOL..it wasnt him...but then again it could have been one of him:grinser010:..

ummm dude, think again Steves old boat was a 39 with 700's it was blue and silver, i drunkenly saw the sbrt and e dock stickers in the morning that were on it...

Check again there were two OSO boats, I noted the 07 boat which was this one: http://www.pier57.com/200738TopGunCi...fshoreOnly.htm with 525's. The latest OSO boat was powered by 700's and was an 08....... I also noted it was sold last October so that would be October 07 and the new boat was still in use as the current OSO boat.......

ok even so, when that boat sold the market was much better and the boat was priced accordingly. It has nothing to do with sellers denial, it has to do with having a product marketed for a certain price, if you dont want it dont buy it...but dont sit here and say it isnt worth it, it is, just YOU dont want to pay it. As in the car business there is an ass for every seat. Just saw it today with a porsche GT 2, called a guy he wanted it at 10K under list, it sold in 20 mins at 234K about 35 over list..the guy is tickled to death as they are on ebay for 250K...as we stated the bottom feeders will be sitting around saying it isnt low enough, then they should go buy a boat they can afford.