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Fire sale question?

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Old 11-25-2008, 01:46 PM
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Default Fire sale question?

If you were going to (Fire Sale) a boat. What would you drop the price to? Say your original asking price was $150,000.
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Old 11-25-2008, 02:21 PM
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It's all relative....what's it actually worth market value/book value...and then other considerations such as, is there a loan on it?

I would look at same boat being sold..Boattrader etc. and then go 10k under the cheapest on the market but make sure you provide a lot of detailed info on ad that way no one thinks it's a salvage job, assuming it's not that
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Old 11-25-2008, 02:31 PM
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Fire sale on a boat, well here on OSO I just saw a 1998 35 Fountain with 500's go for 35K, SO be ready to take a beating. I can tell you some boats are selling much better than others? If you want a real advise on what youcanget for it post pics, condition, MFG, power, drives, and such.

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Old 11-25-2008, 02:38 PM
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Bottomline it's BUYER'S market.......
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Old 11-25-2008, 02:52 PM
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Well i started at 160 and sold for 120

Of course as soon as i got the deposit i had someone else who had looked at it wanting to buy it and offered more.
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Old 11-25-2008, 03:00 PM
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95k
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Old 11-25-2008, 03:14 PM
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your question cannot reasonably be answered unles we have facts on the boat.....too many variables, some boats sell better than others because they have a bigger market....so many things must be considered to get a true "market" value on a particular boat....once a true market value is established, then other factors need to be considered to come up with a "fire sale" value..............I guess to attempt to answer your question in a vacuum, I imagine a reasonable fire sale value would be the absolute minimum you would take for your boat to move it quickly in this market............
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Old 11-25-2008, 04:02 PM
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I listed a Bayliner at $150K....someone offered me $50K so I took it........the boat was only worth $30K. Just kidding but an example of what the above posts are telling you.
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Old 11-25-2008, 04:40 PM
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Put it on ebay, starting bid $1, no reserve. There's a donzi 38 on there right now like that. According to the ad, they are asking $199K for it. Bidding is at $150K.


I've got $15K cash, what are ya selling?
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Old 11-25-2008, 05:06 PM
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Quote:
Originally Posted by t500hps View Post
I listed a Bayliner at $150K....someone offered me $50K so I took it........the boat was only worth $30K. Just kidding but an example of what the above posts are telling you.
yup, that's what I meant.........
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