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-   -   Repos Are Stoping Look Around (https://www.offshoreonly.com/forums/general-boating-discussion/246085-repos-stoping-look-around.html)

2 Trick Rick 01-21-2011 10:01 AM


Originally Posted by OUTLAW11 (Post 3303140)
THE BOOK GOES UP 30% IN 6 MONTHS ..MOST BOATS UNDER $50000.. ARE BRINGING BOOK AT THE AUCTION AND UP ALL WINTER LONG ... LOOK AROUND ?????? WTF ???? :bsflag:



Originally Posted by OUTLAW11 (Post 3303172)
JUST CALL THE BIG REPO PLACES.. ITS STOP ?????? (ALL THE SO CALLED REPOS IS FROM LAST YEAR):kiss:


Originally Posted by OUTLAW11 (Post 3303174)
ALL THE BIG DUMD ASS WITH ALL THE COOL **** ARE DUMPING THERE **** BECASE THEY WONT A NEW BOAT??????#6 BOATS :kiss:

:lolhit:
http://i54.tinypic.com/1znaiyd.jpg

lucky strike 01-21-2011 10:02 AM


Originally Posted by cdowns (Post 3303381)
The Kelly Blue Book value on some boats has gone up quite a bit in the last 6 months... I have'nt put a pencil to it, But i have noticed an increase.:drink:

Thats good, now mabe somone will make me an offer on my Sutphen.

pm203 01-21-2011 10:03 AM

Car values have never been higher when dealing with used. Its all about supply and demand.

OUTLAW11 01-21-2011 05:41 PM


Originally Posted by SS930 (Post 3303323)
I'm beginning to think the OP is a crack additic... :bong:


I wouldn't doubt repos are going down, the banks are reporting a decrease in the number of loan defaults across the board... not by a huge margin, but things are showing signs of improvement.

With that said, to suggest used boat sale values and prices are up (and selling for) 30% more than they were 6 months ago is absolutely horse-sh!t!

:bong:

go look at the nada in sep and in january book some **** out from last year .. one of my 28 2008 magic has gone up $25000:kiss:

VtSteve 01-21-2011 05:54 PM

They have gone up since I last checked in Fall, and now most are one model year older. Not much, 10% on mine, but better than the reverse trend. But new boats have gone up more in the last year than used, much more in many cases.

US1 Fountain 01-21-2011 06:13 PM

Better buy my Fountain now before I raise the price to stay with current pricing. That and it being 'Reggie' boat. :)

antisocial 01-21-2011 06:23 PM

Ya think the reason that the bank repos are down cause there not lending any money? Try and get a loan on a boat now good luck.

offshorexcursion 01-21-2011 06:24 PM

Values might be going up on paper but that does not mean people will pay it!
I Don't believe there is any "magic" thats going to happen any time soon. "they" will always find a new way to make the economy work in the favor of whoever has the most money.
Its either the "fuel prices", oil spill, 9/11, stocks, bail outs, etc. It does not matter we are just along for the ride, and hopefully we will at least get to be in our powerboat!

baywatch 01-21-2011 07:24 PM

We are just in a repo lull. It is just a matter of time before the recently purchased repos will once again be repos LOL.

Case in point:
http://www.yachtauctions.com/listing.php?vessel=6282

ShadBurke 01-21-2011 08:21 PM


Originally Posted by OUTLAW11 (Post 3303830)
go look at the nada in sep and in january book some **** out from last year .. one of my 28 2008 magic has gone up $25000:kiss:

There is a reason for that....... CMS Magic Company got an investor and bought up all the previous owner repoed Scepters that have been sitting around for the last 3 years. I guess they figured out that while this inventory was still available to the public, they weren't going to make any new Scepter boat sales. Heck, pull the top deck off and replace with a deckboat lid and..... a new 2011 boat......

Now the question is..... Will Magic rebadge these and sell them as new 2011 product????? What would Reggie do?????


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