Used boat pricing?
 

Found a boat I like but I'm blown away by the Price :eek:


http://adcache.boattraderonline.com/6/5/3/81777453.htm



Is it Me or is this boat over priced? It's a USED single engine.

Re: Used boat pricing?
 

Its seems that their are a few brands of boats that are continually priced very high. I have seen a few that are price 5-15 grand above book value. This seems crazy to me since considering the price of fuel and the state of the economy. I would think it would be a buyers market now.

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Isn't there a brand new left over for 99K out there?

Found it! and with a 525! Seems like this one is advertised just to help sell the new one. :rolleyes:

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just noticing the prices on used boats?

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Well the past few boats I've purchased were 1-2 years used. I guess I got them for steals compared to some of the prices I seen this week

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Price should in the ballpark of 75% of what you can buy a brand-new one with the same equipment.

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come on Cap...you know these go fast owners are very proud of their used rides!!! They want New boat $$$ they are so proud.. all hardly used, adult maintained, and want all their money back from upgrades... and cant forget the classic... washed and flushed after every use...lol :D

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Good catch. If they can't get rid of the brand new one for 99K that has better power, what's one thats been used in salt water for a year worth???? Certainly not 93K!! :D :D

Maybe 65-70K if you really like it... and it's only going to keep losing value for years to come. This is exactly why I buy older boats that have been re-done. Everyone is different, but I'll never buy a new boat. Just my .02

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Call Pat at Active Thunder. He has a NEW left over 05. Joe Murray

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I think its safe to say that that boat is not for sale.
Good chioce though, I like the 28 AT's

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The new 2005 is at the DC Boat Show today! Frank Marchone and Rick Scott are there to show it. It has a 525 EFI and Captain's call with Marine Machine steering.

Re: Used boat pricing?
 

I agree that this particular boat is overpriced. I took a bath on an AT. It was my choice to sell it, so no bad blood with Pat. I think he took a bath on the boat as well. The price on this boat has got to be seriously negotiable.

What I do not understand is the "state of the economy" comment. From all indications the US economy is doing very well. What is wrong with the economy ? My company, and many others, are hitting all time high revenues and profits. Housing is still strong (people do not buy houses if they think they are going to loose their jobs), the Fed is worried about inflation and crude has stabilized in the $60's. Looks like 2006 will be another good year.

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interest rates are almost double what they were 2 years ago. gas is .75/gallon higher then 2 years ago. insurance is getting harder and harder to find. in my eyes the economy doesnt look to good especially when it involves buying toys.

Re: Used boat pricing?
 

Hey, Lil' BUddy, is this postcoming from abroad? And that didn't mean Judy!

Re: Used boat pricing?
 

Interest rates double what they were two years ago ? Not on houses or cars and from what I have seen boats either. Insurance is related to insurance company losses, not the economy on the whole. I am sure Katrina has also had an affect depending on your loacation.

Fuel is huge factor on the US economy. But with the growth rates the economy has enjoyed over the past two years, you would be hard pressed to show that high fuel prices have done anything but keep the economy from overheating.

Re: Used boat pricing?
 

Re: Used boat pricing?
 

Come on...if your buying a $100,000 boat what the heck does paying an extra few bucks for gas going to do to you? Gas prices will affect your auto driving habits on a daily basis, maybe. I still see a lot Hummers being sold. Interest rates are still very low. Stop being so negative. It is easy to say the seller of the new toy I want, but can not afford is asking too much. If it is too much look elsewhere.

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all i see is the prime getting back to where it was pre 911, i wouldn't say that is a bad thing, it was artificially low to spurn the economy after 911 and has been rising up as the economy has too....(look at the dow, nasdaq since the same dates....) and like h20 said, you can get house, car and boat for way less than 7.5.....

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well i guess the historical chart provided by the federal reserve is all wrong then.

i give up :rolleyes:

Re: Used boat pricing?
 

i don't think it is wrong, i think it is exactly right, prime was hovering around 8 until 911, then they had to drop it to spurn the economy following 911, then as the economy grew, they have raised it back towards where it was... i dont see that as a bad thing, it was artificially low and now is resetting itself to where it was... (much like the stock markets have since then as well)

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I guess I'm kind of lost here. The prime rate is still below where it was all during the later 90's. I don't remember anybody crying about the economy or interest rates back then.

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911 changed many things, Business dropped off, costs of EVERYTHING went up. Kinda like a stock market correction, EVERYTHING is getting back to it's pre 911 prices (except gas). Considering inflation and turmoil in the middle-east, gas is still not that bad. As a business owner I hear all the "bad" news about the economy but quite honestly I don't see it. Seems to me as prices have corrected themselves over the last 2 years this is the only thing Democrats have to bit(h about.
How many of you remember when interest rates were 18-20%? (Our business bought a new building at 18% in the early 80's!!!!)

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exactly.... :D

and i wouldn't mind a better return on some of my conservative investments, so a proper prime rate is not a bad thing... :D

Re: Used boat pricing?
 

Economic debates aside, that's way too high of a price on that boat.

Re: Used boat pricing?
 

Sorry for sidetracking the topic. I agree, that boat is too high priced. :D

I also think the economy in the US great. :drink:

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im not argueing interest rates are way to high. all im saying is, that same 100k loan is now costing the borrower twice as much as it did 2 years ago. add the increased price of gas and insurance and you have a lot of guys deciding it just aint worth it anymore. maybe im wrong but i dont see to many boats selling lately.

Re: Used boat pricing?
 

I don't know where you are getting the info on the housing market?? I work for a company, a very strong player in the industry, anyway we make products that go into new houses are sales are down right now. The cost to operate our business has almost doubled over the last year, due to the increased cost of energy and chemical prices. Guess what these increases are passed onto our customers, which will eventually be passed on to the average consumer. I guess if you are overly wealthy that is does not affect you, but most of the average working class people are affected greatly!!!!! Where do you work? In the petroleum industry!!! LOL

Re: Used boat pricing?
 

What are boat rates currently in the 100k range? I got 5.1% for 20 years on less then 100k 1.5 years ago and I feel like I can make a compelling argument that it is almost free money when netted out for taxes and average inflation.

Re: Used boat pricing?
 

you can get in the 6.25 or better right now...

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i'd say housing starts are still doing pretty well... 2006 estimates are also predicted to show growth over 2005...

http://www.nahb.org/generic.aspx?sec...cContentID=554

Re: Used boat pricing?
 

The economy is doing just fine. Anyone who says otherwise just plain doesn't know what they're talking about, doesn't know how to read the indicators, or has some sort of hidden agenda.

Re: Used boat pricing?
 

Same here!

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ding ding ding... we have a winner..

the overinflated prices from when the rates were low are catching up to the owners who want new rides..... get comfy and keep your seats warm! The boats that are still priced normal or at market are those that were financed before the low low rates

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Is this the same boat? I think it is. I'm pretty sure it HAD a 525 in it before. I checked out the 05 left over at the DC show. Pretty nice!

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ck the price on a new 25 outlaw. 28 sunsation, 28 donzi ect.ect, then compare boat for boat. the A.T is a way better boat if you do not want to stay on wimppy water or rivers. the price really is not that bad, and posted prices are always a starting spot. i have a small bis and the economy seams just fine to me. also take a good look at cabin size the A.T will always win. you get what you pay for.

Re: Used boat pricing?
 

It goes without saying that it costs more to borrow money when interest rates increase. This doesn't have much of an impact on most day-to-day buying decisions. But if you're in the market for a house, you might think twice about buying as rates rise. For instance, if you need a $200,000 mortgage – which is not uncommon now that you can buy a home with essentially no down payment – you would be paying $1,163.21 every month in principal and interest for 25 years, if your mortgage interest rate was five per cent.But if that rate was just one percentage point higher, your payments would be $1,279.62 per month. And that doesn't include property taxes. Bump the rate to seven per cent and your payments are just over $1,400 a month. Might be enough to make you think twice about buying. If you don't buy, then those big box hardware stores might not see as much of you since you won't be renovating that new house. Same goes for the furniture stores that wanted to sell you that entertainment unit for the new home theatre you were thinking of installing. Take the same logic with a high ticket item that costs alot to operate (high fuel bills) I can see a pretty big down turn in the boat market......

On the other hand, if you've paid off your mortgage and have a whack of cash lying around, higher rates mean the bank will pay you more to let your money sit with them. With the baby boom gen. creating a huge amounts of retired people looking to generate income from selling large homes etc, I'm seriously thinking of getting into becoming a fund manager......