FormulaOne

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

getchasum111

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.

Sydwayz

iTrader: (1)

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.

TexomaPowerboater

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.

FormulaOne

thanks for the input.