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Trade in value vs. selling private party

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Old 10-24-2007, 09:47 AM
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Default Trade in value vs. selling private party

I'll likely be upgrading in the next 12-24 months so I've been trying to figure out if it would just be easier to trade in or try selling what I currently have. Anyone with some info/experience here would be helpful.

I know there are a lot of other factors to consider ie, what i'd be trading for, cash down, etc etc.

So heres some info without listing every detail assuming I was to make a deal this weekend.

Currently own 1996 Formula 271 SR-1 Indy 500 edition. Large block 454. Stock. Decent shape. I owe a bit on it but way below nada.

Would likely trade on a 98-00 Fastek 35, PQ Viper 34 or PQ avenger 38. 10-20% down.

I know there are alot of "what ifs" and unknowns here but I am just trying to get a general idea.

Thanks
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Old 10-24-2007, 09:53 AM
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sell it yourself....with the markup in boats the dealer will likely get your boat for nothing....the only benefit is that you will only pay taxes on the tradding dif.
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Old 10-24-2007, 10:00 AM
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You are almost always better off selling yourself. Get aggressive on selling your boat yourself. Price it competitively, and advertise it everywhere. No dealer really enjoys replacing a boat on their lot that is going to make them less money than the last boat on their lot.

When you are 'no trade buyer', you have a LOT of flexibility, and can often tweak the odds in your favor.

Last edited by Sydwayz; 10-24-2007 at 10:04 AM.
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Old 10-24-2007, 01:22 PM
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As a rule of thumb I think that 80% of Book value would be a good guess for trade in value. Although, when buying new I've seen some give book value sight unseen. When we traded in an old 87 24 sea ray for a new 24 sea ray. They just brought out the books, but we also paid the sticker price. I asked them about the trade in later on and they said they were just glad if floated.

Last edited by TexomaPowerboater; 10-24-2007 at 03:10 PM.
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Old 10-24-2007, 02:01 PM
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thanks for the input.
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