Need Advice - Any reason why?
08-17-2010 | 03:51 PM
#1
Thread Starter
Frank's Marine Service
Joined: Sep 2002
Posts: 11,959
Likes: 142
From: Elkton, MD
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.
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.
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.
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.
Last edited by Panther; 08-17-2010 at 03:55 PM.
08-17-2010 | 04:32 PM
#2
Registered
Joined: Oct 2000
Posts: 1,845
Likes: 1
From: Greenwich CT. U S of A
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!
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!
08-17-2010 | 05:54 PM
#4
Thread Starter
Frank's Marine Service
Joined: Sep 2002
Posts: 11,959
Likes: 142
From: Elkton, MD
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?
08-18-2010 | 11:54 AM
#7
Gold Member
Joined: Jun 2006
Posts: 5,120
Likes: 966
From: Seaford, VA
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??
P.S. - what's market value on a T/S 42 Cig these days??
08-18-2010 | 12:31 PM
#8
Thread Starter
Frank's Marine Service
Joined: Sep 2002
Posts: 11,959
Likes: 142
From: Elkton, MD
If I had the cash to splash I'd be boating in it today!
08-18-2010 | 02:53 PM
#9
Registered
Joined: Feb 2001
Posts: 847
Likes: 18
From: SoCal
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
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
