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Do Cigs have superior resale value?

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Old 03-15-2006, 09:43 PM
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Default Re: Do Cigs have superior resale value?

Epeek, I bought a new 38 Cig in 05, and if I want to get rid of it, it will cost me 50k. I choose to keep it. But I must say I have owned a lot of different boats and nothing I've had compares to this boat. It is simply awesome. They are more money to start with, that is true, but believe me they are worth the money if any boat is.
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Old 03-15-2006, 09:44 PM
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Default Re: Do Cigs have superior resale value?

Quote:
Originally Posted by lucky strike
Do Cigs have superior reasle value ?
In my opinion what ever you pay for a Cigarette you will probably get your money back plus.
Don't expect to get the money back you spend on it.
I don't understand.
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Old 03-15-2006, 09:53 PM
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Default Re: Do Cigs have superior resale value?

Quote:
Originally Posted by twin screws
Epeek, I bought a new 38 Cig in 05, and if I want to get rid of it, it will cost me 50k. I choose to keep it. But I must say I have owned a lot of different boats and nothing I've had compares to this boat. It is simply awesome. They are more money to start with, that is true, but believe me they are worth the money if any boat is.
I don't question that they are one of the best boats
on the market today. But as you can see by the posts,
alot of guys claim that they are making money on
them. Do you think you can sell yours for more than
you paid for it ??
I think what you are saying is if you sold yours today
you would take a 50k hit. All I'm saying is,that # sounds
about right. It also sounds about right for alot of other
boats on the market. Based on what they cost new,
thats a pretty low percentage. But 50k is 50K,whether
you paid 100k or 500K.
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Old 03-15-2006, 10:12 PM
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Default Re: Do Cigs have superior resale value?

Real world numbers. Heres mine,lets see yours
1. 87 25' Checkmate,bought new,had 3 years paid 31k,sold 24k
2 90 28'ft Checkmate,twins 330's bought new 70k,had 10 years,sold 34k
3 91 32' ft Fountain 502's had 3 years paid 49K, traded, got 47,500
4 05 35 Fountain Ex. 496's, still own, paid 141,500,got a great deal
still own it,but my guess,its worth about 130k,based on what they have
sold for here on OSO.
Lets see your real world numbers. Some boats purchased new would
tell the real tale on deprication. Prove me wrong and I'll be the first to
back off. ( Your real numbers, not some story of a buddys uncles
sisters husband told had a Cig once......blah blah blah)
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Old 03-15-2006, 10:47 PM
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Default Re: Do Cigs have superior resale value?

Quote:
Originally Posted by tomtbone1993
I think it has alot to do with how many are made each year?
any ideas on the numbers?


Fountain, Donzi, Cig, Outerlimints, ect....ect.........supply and demand


Yes Tom you are correct supply and demand does dictate the current market value of boats........


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Old 03-15-2006, 11:00 PM
  #76
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Default Re: Do Cigs have superior resale value?

Epeek,
Prove you wrong on what? You asked a question and you got plenty of replies. Cigarettes seem to hold their value exceptionally well......Thats the fact! This thread is getting ridiculous. I,m moving on, you should too. ( and start concentrating on your future Cig purchase)

Last edited by pm203; 03-15-2006 at 11:46 PM.
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Old 03-16-2006, 06:59 AM
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Default Re: Do Cigs have superior resale value?

Quote:
Originally Posted by epeek
I don't understand.
What don't you understand?

If you buy a Cig for X amount and don't spend a lot of money on and sell it in a few years you should get your X amount back, maybe a little more. If you spend $20-30k on it don't expect to get it back. It's simple.

What's the point of this whole thread anyways? It's known that Cigs have great resale. Do you plan you buying one soon?

Last edited by Lucky Strike Jr; 03-16-2006 at 07:23 AM.
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Old 03-16-2006, 07:04 AM
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Default Re: Do Cigs have superior resale value?

Quote:
Originally Posted by Lucky Strike Jr
Why don't you go buy one.

Why don't you?
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Old 03-16-2006, 07:31 AM
  #79
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Default Re: Do Cigs have superior resale value?

Quote:
Originally Posted by epeek
...Your real numbers, not some story of a buddys uncles sisters husband told had a Cig once......blah blah blah)
Real numbers...
1989 Fountain 29 Bought $105kCAN Sold $65kCAN 5 years later- ($40k) Depreciation
1994 Cigarette Cafe bought $65k sold 18 month later $72k- Profit $7K
1974 20' Cigarette bought $2k sold $3.8k fifteen minutes later- Profit $1.8k

Man now that I look at it those Fountain look very expensive...

Mind you to be fair I bet if I'd of kept the Fountain 10 years I would of gotten the same money for it, basically having bottomed out.

The Cafe my bet would still sell easily around $72-75k and that was three years ago....It would also be easier to sell than a Fountain because "Everybody wants a Cigarette!"

Love yahhh Rik!
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Old 03-16-2006, 08:08 AM
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Default Re: Do Cigs have superior resale value?

Bought 1988 31' Cigarette Bullet for $65K, used the chit out of it for 2 years, sold it for $69.5K. Picture #1 below

Bought 1988 38' Cigarette Top Gun last March at a price (well below $100K, well below meaning ALOT) that will allow me to use it for at least 20 years and sell it at a large profit. Picture #2 below

Disclaimer** I take very good care of my boats. The boat before my 31 Bullet was a 1990 223 Formula, bought for $20K, used for 2 years, and sold for $21K....that's how I roll
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