dont ever sll the cig
 

worst ting i ever did '
now have to get the moeny for a new one

cigs rock :grinser010:

I hope you're wrong. Sold mine mid April, and kinda enjoying not being owned by a boat (right now).

At least you sold yours. I've had mine for sale for over 2 years and only had 3 phone calls. Not one person has even looked at it. 1994 Cig Top Gun with trailer. Less than 50 hours on twin SC600's. Freshwater! Only $75000. I would take less if someone offered and I would pay the difference to the bank just to get rid of the bank note. I ran the boat a total of 4.5 hours last year. I don't use it enough to justify spending $10000/year to let it sit in the garage.

It's not a cig but I sold my 382 in Feb.....bought a 21 ft CC. Not regretting it yet but I can see there will be days that I do. The boat was paid for so taking the cash made the transition easier.

Unfortunately, the economy and state of the marine industry has killed the values of all of these older boats. If your boat is in good shape, it would have been a 75K-90K boat just a few years ago.....but now with all of the repos and fire sales that have happened...it's not worth 60K. That's the sad reality of the situation. Financing would be tough to get unless someone had stellar credit and a bunch of cash to throw down on it.

Don't take this the wrong way, I'm in the same boat. I've got an '88 TopGun with #6 drives and fresh 800's that looks pretty much like new boat. A few years ago I imagine that could have sold it for between 100-120K and now I seriously doubt that I could get 75K for it. I'm just glad it's paid for. I plan to keep it and they can use it for a coffin when I die. :D:drink:

I'm glad mine didn't sell!!! Everything happens for a reason.. I was probably going to step on my d1ck!!

As many of you know I have just gone through mine, selling it in this market was not an option I would rather update and use it instead of giving it away. H20 I loved your boat and also love the 40ss Formula I was wondering how that would go I guess now I know. Kramer you where my inspiration on redoing my boat. Don't get me wrong I would love to move into a newer boat in the next couple of years but figured right now with the economy the way it is why not enjoy what I have instead of having a $100,000 note right now.

SKramer was the persperation in getting my Cafe back on the water with new power!!! Thanks Scotty!!!

I think what you are seeing is the banks are not going to loan on these old boats. No offense to anyone out there but you need a cash buyer or just hold on to it which I plan on doing with the next boat. I also think that the prices were way off from where they should of been and now you are almost seeing the real numbers. I sold mine and the same thing was true as many of you guy's with boats. Boats IMO were not really worth what we thought much like housing. Sucks for me I am saving to put money down on a boat and would not mind one bit of having a older Cig but to get a loan may not allow me to do so. Even with great credit question is it just as hard to get insurance? Trust me when I say this guy's if you love boating half as much as I do selling and not having another even with saving the money SUCKS! Every nice day you will think about it every time you pass the lake same thing it SUCKS but it's not forever.

I figured out that my Cigarette would not sale, mainly because of the economy. Oh Well, better to be stuck with a Cigarette than a Baja!

Dont want to be lookin from the SHORE! fo sure

So...does anyone think their boat will be worth more or the same 2 years from now, due possibly to a better credit market and overall economy?

One problem with cigs is with the 2000 and later twin steps now selling in the 100k range the strait hull boats are under a lot of pressure price wise. Add to that financing issues and I think the pre 2000 boats are going to continue to be under duress.

I think this might be my favorite post on all of Off Shore Only!

After Obama fixes up the economy, I'm sure it will be worth twice as much. LOL:lolhit::eek::grinser010:

No, I think that the market has been set and they will never go back up. I might be a little ahead of the competition because my boat has the #6's and has been updated....but I would need a cash buyer to sell it or trade someone for a twin step and some cash. :eureka::eureka:

Thats funny....Sold my Baja in a lot less than 3 years. And for decent $$ too!!:evilb::evilb:

Well decent money for your Baja is not decent money for a Cigarette. You mean, for what it was, you got decent money...

Thats funny Kev...The value of mine was considerably more than yours. Although yours is an "antique". Maybe there's some value there?? :lolhit::lolhit:

Yeah - but the dollar will be worth a third as much.

I agree - I think the value of my cafe that has been lost (whatever that $$ is) is lost forever.

I am also not sure but I think posting for realistic money and then just not coming off your price much might help generate interest in these boats these days. If I was going to offload mine I would slap a reasonable price on it and set the expectation early on that I wasn't going to budge much.

exactly how I sold mine.....I listed it low, didn't budge on price, after the first person came to see it he bought it and asked why I sold it so cheap! :eek:
I asked him if I listed it $10,000 higher would he have driven 600 miles to see it......he said probably not. (The boat was in mint condition though!!!)

I am shocked at what some are asking for the older ones maybe that's why the same boats are for sale every month.

Maybe if you knew what they had IN it with upgrades u would understand.
Or buy a CHEAP one and go for it yourself.

Once they guy that bought my TG saw the boat, he didn't even try to bargain. He said "I'll take it" with in 7-8 minutes of seeing the boat. But I still sold it in this economy, thus I didn't get what "I" thought it was worth.
But now the fun part begins, looking for that next toy.

Aint that the truth !.....:drink:

I'm with you, Mines not eating anything and I still really enjoy it {Even though i dont run it much}

LMAO!! :drink:

Mine eats my savings account...and gasoline!! But that is still better than having a monthly payment! For instance...this year it's gotten a completely new exhaust system and new cockpit interior. I budget for something to upgrade each year to keep it going instead of running it down until it needs everything done. There always will be the unexpected breakage that happens....that's when it hurts!!:angry-smiley-044::angry-smiley-044:

Well said!! Take the cheap route it always leads you to the same place.

Hahahaha. Everybody loves classics Jason! Mine is like a 70 Chevelle, and yours is like a new Malibu SS. So there are differences. but your comparing a 2007 Baja to a 1992 Cigarette. So to be fair, lets compare the prices of a 2007 Cig to a 2007 Baja and youll find there much more value in the Cig. In this sh!tty market, people can still swing a cheaper performance boat, thats why yours sold so fast. Its funny that your on a Cig thread trying to compare the sale of your Baja to the sale of a Cig !! You should be ashamed. Now seeing you brought my boat into this, the real differences between OUR boats are: I can still get ALL of my money back, even after the new engines. AND, the old classic is STILL faster than your Baja ! But the question I have here is, what an ex-Baja owner doing on a Cigarette thread???Hmmmmmm......I think you would look good in a Top Gun ! ...PS, what kind of boat are you going to be on this weekend?????????

BillR did you sell your boat to a guy in CT? I thought I saw it sitting at the dock yesterday.

Kevin don't encourage him to buy a Cigarette he will really kill the market when Mary makes him fire sale it when the second kid comes along.

Ok Kev...A couple of thoughts about your post. First, My Baja was a fantastic boat. Beat the sh!t out of it for 4 seasons and never had an issue. Lets see how many times you are twisting wrenches on your so called "classic " this season. Second, isn't it getting old that the only rebuttal you have about my boat is it was a Baja? I love Cigarette boats. I love all boats (even Rolli's). What I don't like is the attitude of the guys who buy and old ass boat and cause it has a 1 on the side it's the best boat ever and if you don't have a 1 on the side it's not worth boating. What are you gonna think when Dominic rips past you in his Skater this weekend. Rewgardless of conditions etc? Are you gonna paint a 2 on your boat? Or a 3? And yes I will be on a Cig this weekend. You'll see us....we will be the boat ahead of you the whole way to Ny. Were you able to get anyone to ride on your Cig? Lastly, If the cheaper performance boat you speak of is the mindset then the guy who bought my boat would have just bought two of yours. :evilb::evilb:

Almost forgot...If you think you are going to get ALL the $$$ back you have in your boat....or any boat...you will be just like the other guy on this thread that's had his boat for sale for 3 years. Everything has its value. And unlike a 70 Chevelle...your classic's value is not improving.

And when you finally take me out on that boat I'll stop talking trash!!! :kiss::kiss:

Hahahhahaha.. Wow,you took that personally! I was simply saying that you cant compare the sale of your boat to the sale of a Top Gun. Once again some one in this thread offended you by bringing up the "B" word, so you jumped down his throat cause he said something negative about Baja's. I believe it was a joke, but maybe Im wrong. Your very sensitive......are you pregnant? You can call my boat an old ass/classic/antique boat all you want. I actually enjoy wrenching on it. My boat has gone over 80 MPH because I put it there myself, that feels good to me. Plus, if mine is an old ass boat, so is Franks and Charlies. All early nineties boats. So Frank, get your old ass boat ready for Sunday !!!!! I NEVER said "if theres not a #1 on the side, its not worth boating". Ill eat those words if you can quote me on that!...Oh, who is Dominic with the Skater? Dont know him. But if there not a #1 on the side of his boat,....its NO Cigarette!!!!!!Hahahahah!!!! Just kidding :)

You are right there they do have alot of money into them, but do you really think you would get out all of the money that you put in? or even close it is still a 20+ year old boat and no matter how much money you throw at it the year won't change

Sorry I said the "B" word early in the post and started this mess. I was just joking. I'm just like the older Cigarettes because the hulls are so strong. 1994 and NO stress cracks. The survey company told me a baja will have more stress cracks in the hull in ONE year than a Cigarette will have in 10 years. Older Cigarettes are slower, but built tuff. Anyway, I'll check this post Friday to see what I just started again. By the way... Cigarettes are better!:evilb:

I am happy I sold my Cigarette Mystique and moved up to my new Cigarette Mistress!! I guess I got lucky and sold mine in 2 months, but it was clean and priced right!! I cant wait to try out my Mistress this weekend, I might keep it for a year:eek:, if it runs good.

Yes, it went to CT. I hope the guy doesn't hurt himself in it, he seemed a bit green.

While I agree there is no where near the following for old boats as there is for cars, there is still a niche market for restored / updated classic boats. We all know it can get expensive fast to upgrade old hardware, but if you start with a solid foundation, and use quality pieces, you can end up not so upside down. I agree there is some value in the branding. Is a cig a better boat than a baja / formula / scarab / etc? We can argue that all day, but when it comes to "classic" offshore boats, they clearly have a distinctly higher market value compared to most other boats of the same age.

Some of us just like to keep it Old School :cool-smiley-011:

http://forums.rennlist.com/rennforum...5-image018.jpg

-Artie

A guy i know, That owns a 86-87 38 Flat deck...PERFECTLY
restored to origional maybe runs it once or twice a year Tol.d me once..."Every time I walk by it in the shop, It makes me smile. Worth keeping her just because of that"
I never forgot him saying that and, I feel the exact same way !:drink:

It also happens to be the first big Cigarette to be brought up here, And the one that started this Cigarette addiction for me 111