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By dealer's you mean Formula dealers..or any dealer. I have talked to A LOT recently, but for some reason they don't want my boat...I don't get it to be honest, mint condition, warranty etc;.????? They give me totally low ball numbers, hoping I'll jump....that ain't going to happen, I'm not in THAT much of a rush... if I don't sell it..I'll be very happy with it this summer:drink:
Hey Slick...buy my boat! You need another 292!!!!! |
Originally Posted by JayFan
(Post 2778847)
By dealer's you mean Formula dealers..or any dealer. I have talked to A LOT recently, but for some reason they don't want my boat...I don't get it to be honest, mint condition, warranty etc;.????? They give me totally low ball numbers, hoping I'll jump....that ain't going to happen, I'm not in THAT much of a rush... if I don't sell it..I'll be very happy with it this summer:drink:
Hey Slick...buy my boat! You need another 292!!!!! |
Well said,Russ. Marketing 101 at it's simplest terms. A serious buyer can absolutely steal a boat from a dealer now,but the dealer will also have steal the trade in,if he will take it at all.It is a 2 way street. I gave away my 330SS recently,but the buyer had to give away his 312 trade.I guess we both lost,but we also both won.In a down market,you do whatever it takes.
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I agree guys... I know my boat has depreciated.... but I just can't see losing my shirt, just because I "want" another boat. If I were Donald Trump...ok. However, I hear where you guys are coming from.
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My point is.....you want to upsize and seem quite aggressive in getting the word out. If your boat has a "book" value of $120K and you have to sell it for $80K, that sucks.....but if the bigger boat you want has a "book" value of $150K and you can buy it for $110K your still just spending $30K to get the bigger boat. That is exactly the way I looked at it when I accepted the low offer on my 312.
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Most dealers can only floor a trade thru GE. GE will floor 75% of Nada low retail( available at www,nada.com )That is way less than your boat is worth,but most dealers have to go there. Best bet is a dealer with deep pockets or a friendly local bank they deal with. I don't have deep pockets but I do have a friendly local bank. If I have anything that suits your needs,call or email me.May not work,but we can look and see if you like. Robert
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Thanks again... ya I hear ya T500...it just is very hard to pull the trigger on selling it to a dealer for 95ish, when just two years ago I paid 140 for the package..... OUCH!!!!!!
I will look MagicFloat...thanks |
Originally Posted by JayFan
(Post 2778868)
I agree guys... I know my boat has depreciated.... but I just can't see losing my shirt, just because I "want" another boat.
You're spot on, and keep it up. Last year, I posted my boat on a few forums and craigslist all summer long, and found a buyer this past November at a price I felt was great considering the market. Now I get to go shopping this spring and only see the positive side of the current prices. |
Originally Posted by JayFan
(Post 2778901)
Thanks again... ya I hear ya T500...it just is very hard to pull the trigger on selling it to a dealer for 95ish, when just two years ago I paid 140 for the package..... OUCH!!!!!!
I will look MagicFloat...thanks That's how bad it is right now. I don't think you can find a buyer for $95K....and a dealer certainly isn't going to give you that for it. My 312 was a solid 9....6-7 years old, fresh rebuilds, new trailer. It sold for less than trade-in not even counting the new motors or a new trailer. Magicfloat (Robert) is a straight as they come and a pleasure to talk to. nelems.com |
I can get 95K and even a little higher..I've had offers from a few dealers at those amounts. I have a feeling that as the winter turns to spring that even MORE larger boats will be out there.... sooo many guys are hurting big time, and just can't afford them anymore
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