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Do Cigs have superior resale value?

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Old 03-16-2006, 09:10 AM
  #81
Joe
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Default Re: Do Cigs have superior resale value?

Quote:
Originally Posted by epeek
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.
You're almost always going to take a hit on a new boat. However, with that being said... one of my friends was offered 225k in 2003 on a brand new 38 TG w/ 575's. Do the math.... today, same boat, 3 yrs. old (used), should bring the same, if not more, money -

Someone told me recently... "Buy the Cig. today or pay more for it (the same boat) tomorrow." I liked it!! and agree.
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Old 03-16-2006, 09:15 AM
  #82
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Default Re: Do Cigs have superior resale value?

Bottom line... If you're "that" worried about depreciation, you're not ready for one of these. Maybe you should wait a few years, seriously; or buy a smaller, less expensive boat for now. Whatever you do.... getting "ancy" usually predicts making a bad decision. Happy boat hunting; and... if you do buy a Cig., I'm sure you'll be welcomed by everyone (we even welcomed Clay Washington!!!! ).
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Old 03-16-2006, 09:49 AM
  #83
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Default Re: Do Cigs have superior resale value?

O.k.!!! You all win!!!. Cigs do have superior resale value!!!! You all
have given the proof.
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Old 03-16-2006, 09:58 AM
  #84
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Default Re: Do Cigs have superior resale value?

EE, Don't say Uncle yet
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Old 03-16-2006, 10:11 AM
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Default Re: Do Cigs have superior resale value?

Rick, you are my best friend and a big trouble maker !! You know the answers but just wanted to push a few buttons and aggitaite some certain Cig owners. it worked and Im laughing my ass off.

The answer is simple

All boats take a huge hit the first 3-4 years

If your older boat is still in great shape and is of a quaility brand you shouldnt get hurt to bad on resale

If its a older Cigarette in good shape you will do real good on resale ...and there is a market for them, so you wont have them for sale to long.

I dont see to many older Fountains that are in real good shape being givin away, they seem to be holding there value ok, maybe just takes a little longer to sell
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Old 03-16-2006, 10:25 AM
  #86
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Default Re: Do Cigs have superior resale value?

Butt envy!
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Old 03-16-2006, 01:33 PM
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Default Re: Do Cigs have superior resale value?

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Butt envy!
Sorry dude, if I wanted one,I'd own one!!!
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Old 03-16-2006, 01:35 PM
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Default Re: Do Cigs have superior resale value?

Quote:
Originally Posted by otis311
Rick, you are my best friend and a big trouble maker !! You know the answers but just wanted to push a few buttons and aggitaite some certain Cig owners. it worked and Im laughing my ass off.

The answer is simple

All boats take a huge hit the first 3-4 years

If your older boat is still in great shape and is of a quaility brand you shouldnt get hurt to bad on resale

If its a older Cigarette in good shape you will do real good on resale ...and there is a market for them, so you wont have them for sale to long.

I dont see to many older Fountains that are in real good shape being givin away, they seem to be holding there value ok, maybe just takes a little longer to sell
Hee Hee.....winters sure are long !!!
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Old 03-16-2006, 01:56 PM
  #89
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Default Re: Do Cigs have superior resale value?

Quote:
Originally Posted by OldSchool
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
Not to rain on your parade but if you look at the numbers then your best investment was the Formula. Same percentage of return as the Bullet yet you had less invested
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Old 03-16-2006, 02:01 PM
  #90
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Default Re: Do Cigs have superior resale value?

Quote:
Cigs are like Harleys. They have an aura about them. People love them because they are what they are.
Exactly. Not comparing the new ones which are apples and oranges compared to the older classic ones. Older Cigs are pretty base boats with not much froo-froo or amenities. I defintely think it's the mystique/rep factor. I personally definitely would love to have a late model Cig becuase I too am conditioned for it. I think as more and more competition is popping up and the more folks are becoming de-sensitized to the "aura" the prices/resale will continue to settle within the atmosphere. Cause right now there does seem to be some "relatively" great deals to be had there.
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