Like Tree0Likes

Am i pricing myself out of the market?

Reply
Old 06-14-2007, 08:41 PM
  #1
Registered
Thread Starter
 
Join Date: Apr 2006
Location: Grand Lake (E-Dock Junior Varsity)
My Boats: 24 Skater, 292 SR-1 Formula, 382 Fastech, 41 PC
Posts: 3,017
Default Am i pricing myself out of the market?

This winter (i know, "winter", pshhh...) I plan on updating my boat completely and want to know at what point should I call it "good enough". I dont want to do so many updates that I end up with $80k in parts on a $35k boat and won't be able to sell it for $60k in the future. That make sense? Im wanting to have the hull capped which will definately turn away a few buyers but will attract an equal amount. Along with a new paint job, interior, bigger power, gauges, etc. Will all of this price my boat out of the market? I've noticed with Cig's that most people are able to ask quite a bit for an older boat that has been updated with big power and cockpit updates.. Is this the same with Sunsation?

Capping/paint- $10,000
Motors/drives - $30,000
Updates- $8000
Original Boat $40,000

See where Im goin with this??
waterboy222 is offline  
Reply With Quote
Old 06-14-2007, 08:56 PM
  #2
Registered
 
apache21's Avatar
 
Join Date: Mar 2002
Location: Sand Springs/Grand Lake oklahoma
Posts: 975
Default

If you love the boat and plan on keeping it do it. If you plan on selling in a few years keep it the way it is. Money is Money any way you look at.
apache21 is offline  
Reply With Quote
Old 06-14-2007, 09:08 PM
  #3
Registered
 
bouyhunter's Avatar
 
Join Date: Aug 2002
Location: Apache Jct. AZ
My Boats: 24' Pantera
Posts: 5,646
Default

There is something legendary and historic about the Old-school boats. There is a legacy that goes back nearing 50 yrs. in some builds.
If you love the boat, and plan on keeping it, do whatever ya want to make it yours.
If you want to re-coup your investment - pass the bottle, you're drinking something better than I can afford. It isn't going to happen.
bouyhunter is offline  
Reply With Quote
Old 06-14-2007, 09:19 PM
  #4
Registered
Thread Starter
 
Join Date: Apr 2006
Location: Grand Lake (E-Dock Junior Varsity)
My Boats: 24 Skater, 292 SR-1 Formula, 382 Fastech, 41 PC
Posts: 3,017
Default

i understand i wont recoup all of my investment. unfortunately! But I know that much.. Im just wondering if I would have to ask the same as the rest of the dominator 32's for sale that were pretty much stock or could i ask a higher price because of the upgrades?
waterboy222 is offline  
Reply With Quote
Old 06-14-2007, 09:30 PM
  #5
S.O.B (single O/B) now
Platinum Member
 
t500hps's Avatar
 
Join Date: Sep 2004
Location: Richmond VA
Posts: 7,919
Default

If you do all that work I figure you'll be able to get a 10-20% premium over other boats ONCE you find the right buyer. Finding that buyer will take awhile IMO.


If your willing to spend that much money AFTER purchasing a boat, why don't you sell the one you have for 40ish and go buy one for 75ish that is already the way you like it.
t500hps is offline  
Reply With Quote
Old 06-14-2007, 09:35 PM
  #6
Registered
 
Join Date: May 2005
Location: LOTO Performance Boat Center
My Boats: Fixing yours
Posts: 3,897
Default

Quote:
Originally Posted by t500hps View Post
If you do all that work I figure you'll be able to get a 10-20% premium over other boats ONCE you find the right buyer. Finding that buyer will take awhile IMO.


If your willing to spend that much money AFTER purchasing a boat, why don't you sell the one you have for 40ish and go buy one for 75ish that is already the way you like it.
I agree. Sunsations are great boats that hold their value well but I don't think you will get as much as you hope for back. I always tell people make sure your boat is priced so the average buyer can get it finananced. I would save the money on capping the hull, one false move at the dock and

my .02
Magic Medicine is offline  
Reply With Quote
Old 06-14-2007, 09:35 PM
  #7
Registered
Thread Starter
 
Join Date: Apr 2006
Location: Grand Lake (E-Dock Junior Varsity)
My Boats: 24 Skater, 292 SR-1 Formula, 382 Fastech, 41 PC
Posts: 3,017
Default

i think itd be hard to find something in a vhull thats capped and has hp500's or better and good paint.. maybe im wrong but most ive seen like that are priced in the upper 6 digits.. prove me wrong, id love to save myself that hassle and just upgrade boats but i cant find what I really want..
waterboy222 is offline  
Reply With Quote
Old 06-14-2007, 09:41 PM
  #8
Banned
 
cuda's Avatar
 
Join Date: Sep 2001
Location: Deland, Florida
Posts: 25,191
Default

What is "capping"? Is that putting a canopy on it?
cuda is offline  
Reply With Quote
Old 06-14-2007, 09:46 PM
  #9
Gold Member
Gold Member
 
36Tango's Avatar
 
Join Date: Sep 2006
Location: Cedar Rapids Iowa, LOTO, Cape Coral Fl.
My Boats: Formula 37SS, 28 Skater 300x's 2400 Bay Ranger, 20' Cigarette, 18' Charger
Posts: 1,013
Default

I think a major impact of values is based on the "book". Whether we admit it, or not, most banks lend on "book", and anything over that would not be looked at favorably. At the very least the banker would share with your buyer that you are way overpriced. Alot of folks will finance hier boat, so it does make a difference. Sell your ride and buy what you want.
Just my opinion.
36Tango is offline  
Reply With Quote
Old 06-14-2007, 09:46 PM
  #10
Registered
Thread Starter
 
Join Date: Apr 2006
Location: Grand Lake (E-Dock Junior Varsity)
My Boats: 24 Skater, 292 SR-1 Formula, 382 Fastech, 41 PC
Posts: 3,017
Default

No, its taking the rubrail off and bonding the hull to the deck.. look at the Adrenaline V30.. no rubrail, just a solid one-piece boat.. you lose the protection from the docks but I trailer mine so its not so much an issue and it makes the boat look at LOT sleeker..
waterboy222 is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
aquatictherapy
General Boating Discussion
2
07-25-2008 03:13 PM
jeff1000man
Scarab
20
08-22-2007 05:13 PM
ar15meister
Superboat
6
08-09-2007 08:36 AM
kswest
Active Thunder
4
08-08-2006 10:31 PM
SLINGSHOT
General Boating Discussion
5
02-22-2003 02:18 PM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 02:34 PM.


Copyright 2011 OffShoreOnly. All rights reserved.