Like Tree0Likes

No BS values on boats????? They arent even in the toilet theyve been flushed.....

Reply
Old 10-10-2008, 01:57 PM
  #41
Registered
 
fund razor's Avatar
 
Join Date: Mar 2004
My Boats: Apache 28 Brave
Posts: 8,170
Default

Quote:
Originally Posted by Griff View Post
Please find me a boat thats worth 200k that I can buy for 40k Preferably a 37 AT, 38 TS Gun, Outerlimits, or Nortech
This was my rationale in buying a less mass-produced brand.

I think that the people seeing pennies on the dollar will be boats that the manufacturers flooded the market with, either with big production numbers, infinity financing, or both.
IMO...
A guy who paid 200k cash for an OL does not need to worry.

A guy who financed an executioner until 2025 might have a problem.
fund razor is offline  
Reply With Quote
Old 10-10-2008, 02:15 PM
  #42
Registered
 
Join Date: Aug 2006
Location: Austin, TX
My Boats: 2000 Moomba Möbius- loud stereo and that's all that matters to chicks in Austin.
Posts: 620
Default

Vanilla Ice owned a custom Pantera 28.


That's the only selling point I need to keep the resale on my boat strong.
baddogz28 is offline  
Reply With Quote
Old 10-10-2008, 05:37 PM
  #43
Registered
 
fund razor's Avatar
 
Join Date: Mar 2004
My Boats: Apache 28 Brave
Posts: 8,170
Default

Bum bum bum... bumbumbumbum.

Bum bum bum... bumbumbumbum.

Illin noy Ice, Ice Baby.

I am hoping that somebody cool owns a 28 Apache... so far I found one newbie, and one eccentric older gentleman.
Sunkin owned once once.... that's way better than Rob Van Winkle.
fund razor is offline  
Reply With Quote
Old 10-10-2008, 06:32 PM
  #44
Registered
Thread Starter
 
Join Date: Oct 2005
Location: Plainville/Old Lyme, CT Boca Raton, FL
My Boats: 37 Active thunder 700/NXT / 40 Intrepid Trip 350 Yammy's
Posts: 5,454
Default

griff- im not saying right now the average guy can go out and do that. I am in the aviation business and I know investors with big wallets that are putting together packages for the banks, and buying alot of deadwood that the banks want to get off of their books. The same thing has to be going on with boats. Now lets just say that they dont get greedy and want to flip those boats quick with a 10% profit, theyre still in at %30 of what was the market value. What do you think is going to happen to the market?
302Sport is offline  
Reply With Quote
Old 10-10-2008, 10:40 PM
  #45
Charter Member # 55
Charter Member
 
Griff's Avatar
 
Join Date: Oct 2000
Location: Omaha
My Boats: .......32............. ...............Active Thunder....
Posts: 15,741
Default

The only thing you are going to find for under 50% of value is going to need another 40% thrown at it to make it nice.
Griff is offline  
Reply With Quote
Old 10-10-2008, 11:15 PM
  #46
Registered
 
Join Date: Nov 2006
Location: key west,fl
My Boats: 27 monza, eggbeaters, no seats
Posts: 1,410
Default

Quote:
Originally Posted by fund razor View Post
Bum bum bum... bumbumbumbum.

Bum bum bum... bumbumbumbum.

Illin noy Ice, Ice Baby.

I am hoping that somebody cool owns a 28 Apache... so far I found one newbie, and one eccentric older gentleman.
Sunkin owned once once.... that's way better than Rob Van Winkle.
sadly I own the rights to the vanilla ice song(not to be confused with the song that david bowie and queen stole from him) so i think we are just about even mister!
BOBCATMATHEWS is offline  
Reply With Quote
Old 10-11-2008, 12:28 AM
  #47
Registered
 
Join Date: May 2001
Location: Minneapolis, Minnesota
My Boats: You can't boat on an ICE FLOW
Posts: 1,129
Default

Quote:
Originally Posted by 302Sport View Post
griff- im not saying right now the average guy can go out and do that. I am in the aviation business and I know investors with big wallets that are putting together packages for the banks, and buying alot of deadwood that the banks want to get off of their books. The same thing has to be going on with boats. Now lets just say that they dont get greedy and want to flip those boats quick with a 10% profit, theyre still in at %30 of what was the market value. What do you think is going to happen to the market?
Cash is KING You're leveraged it could be bad news. If you have cash, the next few years could be very profitable and in some instances fun...............depending on what the GOV. does. They could screw the pooch for all of us
h2owarrior is offline  
Reply With Quote
Old 10-11-2008, 01:20 AM
  #48
Registered
 
Jigsaw89's Avatar
 
Join Date: Apr 2004
Location: New Jersey
Posts: 1,007
Arrow

BINGO! You hit the nail on the head. There are many people as well as businesses that thrive in a down economy.

If I was selling a boat and needed it gone, what are your options? Take a paper loss because you owned the boat outright and sold it for less than you had into it? Lesson #1 boats lose $,$$$,$$$,lots of it. If you have to rationalize it, why not try to put a price on all the memories you gained through boating and boat ownership. It's sappy and you get the point. Your other options include selling your bank encumbered boat at a loss and making good on the depreciation OR the bank issues a repo and the derogatory credit follows suit. People with good credit and some 'play' money will always fair better in the long run. One choice to make - keep pluggin' along or adapt.


Quote:
Originally Posted by h2owarrior View Post
Cash is KING You're leveraged it could be bad news. If you have cash, the next few years could be very profitable and in some instances fun...............
Jigsaw89 is offline  
Reply With Quote
Old 10-11-2008, 10:18 AM
  #49
Registered
 
cosmic12's Avatar
 
Join Date: Jan 2006
Location: Syracuse N.Y.
My Boats: Dreaming of a 32 AT
Posts: 4,951
Thumbs up

Quote:
Originally Posted by Griff View Post
The only thing you are going to find for under 50% of value is going to need another 40% thrown at it to make it nice.
Exactly Or some over produced over priced POS to start with that it will need way more than 40k
cosmic12 is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Elite Carrier Group
General Boating Discussion
20
12-03-2007 10:00 AM
jack412
General Boating Discussion
6
04-19-2007 08:54 PM
tssteph
General Boating Discussion
8
08-10-2005 09:27 AM



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 04:11 PM.


Copyright 2011 OffShoreOnly. All rights reserved.