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.

Appreciate the encouragement and kind words. Every day I'm on miltiple sites waiting, watching, sniffing around..

According to NADA an 1986 Cig. is worth $23, 000 .
How does that make sense?


Matt, yours was cheap cause it was a suicide scene, (grey interior, gets you everytime) are you feeling ok btw??


:kiss:

Agreed, It makes no sense. Which is why their overhauling their entire valuation structure; when it will be completed one can only guess. I can tell you tho, that 85 Mistress is in the ballpark, some early 90s TGs and Cafes end up working out too.
The more that's poured into older boats the farther away from reality NADA gets. For some reason the 90s work out somewhat better..

LOL, I notice you have quite a bit of grey in your interior now. How's that peanut butter and jealous tasting?

It`s silveeerrrrr!!!!!!!!

:D

Take a look here and you'll see what I mean. A lot of early 90s boats end up looking kinda like that. Maybe its some sort of algorithm... Lol

If I had a total loss and my insurance went by NADA values you`d probably see me on the news at NADA headquarders

:lolhit:

Theres definitely a dissconnect there, your in good shape that insuring it is relitively strait forward..

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..

Didn't assume anything that's what you told me they would give you and that what you offered "Corry"

The institution's, finical, insurance, survey's and dealers that are prominent in the industry use the BUC guide.

True but a mid 90's boat is now 20 years old to start, Flat Decks and Mistresses are 30 years. Prices are determined based on care, equipment, paint scheme, trailer, updates, interior, performance. Ect. Some cigarettes that are for sale, have been for sale for years. Some of them I was looking at 3 boats ago....lol. Be careful on what you buy or you may have to be buried in it....

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.

Wow, you got all that from my saying "and then there's guy's like you"
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

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

Nice, I read that thread. I didnt have lasers at that point...
I did just find out about a 93 TG tho that I'll post about if all goes well..

I personally don't think a 30,000 offer on asking price of 37,000 is a bad offer at all, the boat is in great condition but it's still old small power TRS mistress... No matter what that don't change. I guess I am one of the few who see what actual value is there compared to others in the market, I could have bought that 87 cafe last winter with 750 hp 540's and SSMIII drives for less then my engines cost me, the deals are there and out to be had. My boat is worth less then half I invested, I'm ok with that but it's fact if I ever sold it.

I also think more wiggle room exists in the Fall, before many boats go away for winter. it's now going to be spring and it's time to go boating. Many guys know they would make more by parting it out, but that takes time and that is a winter project. You also have to be lucky enough to have that kind of storage and time.... Now is the time to enjoy what you have and get on the water.

I haven't read the whole thread but can definitely say that there are deals to be had out there with patience. The problem you will encounter soon is its spring. A time where it's a sellers market. People have the itch and will pay to go boating even if it means over paying. If you are willing to wait you might find something mid season that didn't sell. By the sounds of it you want a turn key ready clean cafe or TG with stock power. I can tell you that finding all of those in your price point will be tough. Our boat 1994 with 500 efis and xr's was listed for 85k when purchased. Didn't pay that but I can tell you it wouldn't be priced any where near the numbers you have been saying. Just my 0.02. Good luck with the search.

I have been talking with Corey (R&B) for awhile now. I have sent pics of my boat, went to look at others for him, scan paperwork to email info, text back and forth, and talked on the phone. Never once was it a thought that I was wasting my time. It's helping a future cig or just a fellow boater out. He obviously has a picture in his head of what he wants and a dollar amount he wants to spend. It's out there he just has to find it. With someone giving an offer lower then asking price, it turns into a negotiation if both parties want to play. The owner can either laugh and say No F$&@ing way!! My asking price is final or you can come back with a higher number. You never know until you ask if someone will take the offer or not. I haven't even received an offer or call on mine and it's for sale!!!!

Low balling vs negotiating, etc wasn't the intent of my message. I'd never turn away any offer.

Negotiating in person with actually money is a different story then throwing numbers up on the internet. I agree. Also looking at the boat and making an offer is different then just assuming it should be less.

Sorry Moses that was not aimed at you. Was just saying how situations can work

Thanks Ryan, I appreciate the leg work on that.


I agree with you there + the seller knows youve got a vested interest. A Sight unseen offer is a rare bird, tho it exists. For example Bob and I talked several times and I had numerous pics, I was comfortable making an offer; if accepted I would have had it surveyed.

Best offers are the ones with a bag full of crisp C-Notes standing in your driveway. Then its serious

Ideally couldnt agree more.

When I bought the scarab to get my old engines the guy wanted 24,000.... I kept saying 21...... I said in coming to buy it he said ok come check it out, I said bring title he said 24,000... I payed down 21,000 cash and he could not resist it was funny he was nervous counting it out he said he never seen that much in cash before lol I took boat home...

Agree on the cash!
When I bought my coronet, I drove all around the Midwest and east coast looking at Mopars. I was traveling with an empty trailer and 30k in 100 dollar bills.

I looked at roughly 30 cars.

When I would pull up, I immediately had the upper hand as I was ready to load and had the dough in hand.

Cash is King, I cant agree with facts. I dont have that luxury tho, so I'm working with the opportunity I do have. At least I'm looking at Cigs. There is some accounting for taste. Panteras are pretty bad ass to imho Vintage chromoly

Its official for me too. My flat deck is in the OSO classifieds. Spring feels like its here so get the itch and come take a look!

It would be interesting to know how many boats are available that fit your requirements, Wanting a boat that doesn't need immediate work (thinking engine/trans/drive/wet hull) and under $40K. Are you expecting a trailer aalso at that price ?

50-55k I upped my budget. There are a few but certainly not an overabundance.
Talked to a guy yesterday w a 90 Cafe in MD, low hr bbc, bravo boat, pretty decent trailer, new interior. 35k
Found a 93 TG in CT hp500s dont know the hrs yet, xz drives on a aluminum trailer 35k..
Those are the latest findings.. Stuff is popping up.

I do believe two flat decks just popped up. wink wink :ernaehrung004:

Actually 3 did!
A guy outta Md called me yesterday Ryan. He's a broker and he was thinking about taking a 85 in on trade; the boats been repainted, new power, bravos, external steering and race hatches, 510/650hp 300hrs.. Still not as nice as yours and Mark's. The owner is asking 59k the broker told me and he wants to trade it on a cruiser..

Looks nice. The only weak link is the Bravo's. These Cigs are heavy and are tough on drives.

Mark