Need Advice - Any reason why?
 

Ok Cig lovers. :) Anyone have any ideas why this boat hasn't sold?

It was previously overpriced by other brokers and my friend owns it now....long story... Anyway, he's a multi-boat owner and is looking to sell the boat for market value, it's located here in NJ.

Anyone have any ideas why it's not selling? The brand-new equipment alone is worth the price of the boat.:eek:

Just FYI, the brokers listing the boat don't have contracts per-se and the listing price is not what it is being offered for.....If anyone has any questions please contact me directly.

How much is the selling price? Year, etc?
The used boat market is brutal right now. I recently bought a 1997 50' Hatteras for just under $200k. Trying to sell my 50' Bertram is tough. I can't sell it for $160K, I'd hate to be selling a performance boat right now!

Buyers dictate price in this market so the request of the owner is to bring all reasonable offers to the table.

Also, whatever the price gets set at right now I think won't make a difference. There is a similar year 42 with similar Sterling power with 120+ hrs on power for 259k. Factor in rebuilds on those hours I assume?

Money is still tight, might get better after the November elections.

No advice?

The Sister 38 was parked right next to me last weekend at a poker run. It get's TONS of attention. Nevertheless, I still think the color scheme will take a certain buyer. It's a shame because the details and work in the paint is awesome....

P.S. - what's market value on a T/S 42 Cig these days??

I agree... I had only seen this boat in person when we first sold it. When I saw the boat I fell in love with it and so did everyone else that we showed it to and subsequently put in $$ offers. Pictures don't do the boat any any justice IMHO.

If I had the cash to splash I'd be boating in it today!:coolcowboy:

Bad Ass boat for sure but here are a few things I see....

Carb setup/old blower vs. EFI and Whipple-EVERYTHING is going EFI these days!!!!
5th wheel trailer - not sure its too desirable
Its been for sale forever!!! Public might think there is a underlying reason its sitting for the past two years in the classifieds.
PRICE listed!!! I know all the other 42 T/S are slight differences in boat or power but the price listed is about 100k more than a few others. Yes this has bigger power but its not "Mercury". Cobra has a good reputation but so many people I know don't want to steer away from Mercury due to public perception...i.e. resale value. On the West Coast, Cobra is almost a unknown...harder to sell it here unlike a Mercury or Teague boat. The same rules probably apply on the east coast but reversed.

Put up new pictures and offer it a real price, something the owner can live with...

Chris

30k and my Formula 292.:party-smiley-004:

Well said Chris.

Sounds like you answered your own question. Dealers overpricing it misleads people on what the real price is. Try listing it for the real price. Buyers can't read your mind.

Hits the nail on the head. Ya can't ask insane pricing and expect people to respond. Simple as that. List the boat at ( or close to) real pricing and watch the action increase. And BTW, I believe that not listing a price is a negative when it comes to listing.

Darrell.

Frank ----Where is the boat listed?

Thanks for the info guys, I shared it all with the new owner.

He also got a phone call as a result of this thread. Interesting...

Hopefully with the suggestions I can get things moving in the right direction for him. Keep em coming!

Joe, we don't have it listed yet. Its local if you know anyone. :)

List the asking price

I have an idea what he needs out of it but I'm not sure where the asking price should start. That's part of what we're trying to find out. By comparison the only boat that I see that's remotely close to this one has a set of Sterlings with 120 hours on them, granted it's a beautiful boat! Also trying to make sure it's apples to apples and what the market will really bear?

I just looked at the current ad in the classifieds and its listed at $349,000. If you look down, few ads below it, there is a 46 with 1200 Cobra's for $329,000. That would make me think...Spend less money and get a longer boat. Realistically, I would think somewhere close to an asking price of $289,000 would be a lot closer to the truth on that particular boat, with a $260-$270,000 bottom. What do you think?

Big Andy

2004 42' Cigarette Tiger.....6yrs old. 42 Tiger is not popular vs. the 38 or 39 Top Guns. In OSO Classfieds for $349k.

2006-2007 Outerlimits 42's are being sold with Merc 850's & 1075's now for $250 - $300k.

I would say based on that the boat is a $200 - $225k boat in today's market.

On Boattrader.............

2009 CIGARETTE 38 TOPGUN $345,900.00
2008 Cigarette Top Gun Unlimited $379,000.00
2007 Cigarette TOP GUN T/S $235,000.00
2006 CIGARETTE 46 ROUGH RIDER $345,000.00

I agree that $225,000 would be a good final deal number in todays market.

Thanks for the info guys, much appreciated!

Make an offer. It's hard to insult anyone in this market today. The worst you'll get is a NO!!!

I went thru my old files (2005) and found the pictures I took when we first sold the boat. Not much has changed but I'll be getting new pictures shortly, just as soon as I can get to the warehouse.

Trailer that was under the boat wasn't built for it, the ownere was only using it for transportation back then (2005).:drink:

Just as an FYI. I would Buy American Muscle II before this boat.

Is AM Muscle a 46' or am I mistaken?

It's a 42-X, just fyi :cool:

WOW! I've seen it all now... I just came across a listing for the boat on boattrader... $400K... Are these people insane? This is outta control. :(

Folks, if anyone is seriously interested in this boat feel free to contact me and bring all offers.. I'll put you in touch with the owner directly.

I know how you feel. I've been trying to sell my Sonic for two months now and I have it at a rediculously low price and still no takers.??? WTF?

Any TG owners looking to get into a 42X? We may consider a trade because he is looking for a 38' TG to keep in FL and use in the winters.

This could be a good opportunity for the TG owners who are looking to trade up but not get killed by getting wholesale on the trade and paying retail on the bigger one! :)