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Originally Posted by cigrocket
(Post 4412831)
Most places use Buc book values, which are a little closer. Boats are a different bird anyway. An ass for every seat and it all depends on what someone is willing to pay. Older boats are more difficult to judge. Problem is as we dump more money into older boats it makes it tough. Other then HELOCs or personal loans nobody will finance old boats. So it limits the buyers. You need to find a cash buyer. Then you look at if someone had that much cash, should they buy much newer and finance versus putting down 60k plus in cash? So it turns into a double edge sword. Which is the better buy?
Exactly, the older boats are tough because you end up pouring buckets of $$$$ into them, and they hopefully turn out like Bobs, Ryan's or ICDEDPPL's. But the return on that investment doesnt yeild high returns. My credit union will lend on any year any make any model, no salvage or total loss. The newer 90s Cigs if relitively clean maybe newer power and well kept original; people arent as vested into those boats financially or emotionslly so they end up going for a margin closer to the book value.. |
Originally Posted by Rhythm and Blues
(Post 4412805)
Sure, I'll play..
Bob, did you assume I was financing 100% of the boat through my credit union? You know what they say about ass-umptions.. The value of the boat/trailer is based 100% on NADA value and unfortunatly not on a survey. Didn't assume anything that's what you told me they would give you and that what you offered "Corry" |
Originally Posted by Rhythm and Blues
(Post 4412833)
Exactly, the older boats are tough because you end up pouring buckets of $$$$ into them, and they hopefully turn out like Bobs, Ryan's or ICDEDPPL's. But the return on that investment doesnt yeild high returns. My credit union will lend on any year any make any model, no salvage or total loss. The newer 90s Cigs if relitively clean maybe newer power and well kept original; people arent as vested into those boats financially or emotionslly so they end up going for a margin closer to the book value..
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Originally Posted by Rhythm and Blues
(Post 4412833)
Exactly, the older boats are tough because you end up pouring buckets of $$$$ into them, and they hopefully turn out like Bobs, Ryan's or ICDEDPPL's. But the return on that investment doesnt yeild high returns. My credit union will lend on any year any make any model, no salvage or total loss. The newer 90s Cigs if relitively clean maybe newer power and well kept original; people arent as vested into those boats financially or emotionslly so they end up going for a margin closer to the book value..
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I hear you both. Like Matt said, something will come along and with my due dilligence I'm confident that whatever I buy will be a well bought boat.
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Originally Posted by Rhythm and Blues
(Post 4412792)
"guys like me"? Oh, you mean guys whove been boating for 25+ years who love classic Cigs or any Cig for that matter and are looking their 1st? Or "guys like me", who work 1/2 their lives on the water because the love of the ocean, boats, ect..? Or "guys like me" who are festidious with maintenance, appearence, and stewardship who are looking for the right boat to start with. Yes it may be an unconventional way of buying one but you have no clue as to my aptitude or vessel experience.
Spare me the "Holier than thou" speech Bob. I'm sorry It didnt work out but your outta line. Amazing, talk about "Holier than thou" Not even close. |
Negitive implication Bob.. Your statement was contrary..
By all means expand on your compliment then...., |
as for the example listed on the 93 cig any lender that knows about boats will not give added value for standard eq. ie trim tabs / fresh water sink ect . you can get away with it with some lenders / underwriters but not all trying to buy a 37,000 listed cig with an offer for 30 / I would probably say thanks for wasting my time and leave and not return your calls even if you agreed to pay my 37. my café could be for sale for 45,000 and that means 45
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True, as the case may be tho NADA works differently as discussed. The value shown is accurate in their mind. Where I come from a 30k offer on 37k is an honest offer. If you ask 45k firm for your Cafe your intitled to stay firm on that, and thats the beauty of a free world.
I just sold my Ducati 1299, it took 3 months because I was firm in the middle of the winter.. |
R & B............................In a total opposite situation than yours, this Mistress found me (small cash deal and a true barn find at that) with all your laser feelers out there can't believe this slipped by ya!
http://www.offshoreonly.com/forums/c...ab-29-a-2.html |
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