Repos Are Stoping Look Around

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01-21-2011 | 10:01 AM

#21

2 Trick Rick

Racer

Joined: Aug 2004

Posts: 2,802

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From: Chesterfield, MI

Quote:

Originally Posted by OUTLAW11

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 ????

Quote:

Originally Posted by OUTLAW11

JUST CALL THE BIG REPO PLACES.. ITS STOP ?????? (ALL THE SO CALLED REPOS IS FROM LAST YEAR)

Quote:

Originally Posted by OUTLAW11

ALL THE BIG DUMD ASS WITH ALL THE COOL **** ARE DUMPING THERE **** BECASE THEY WONT A NEW BOAT??????#6 BOATS

01-21-2011 | 10:02 AM

#22

lucky strike

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Joined: Sep 2003

Posts: 8,962

Likes: 486

From: Pompano Beach, Florida

Quote:

Originally Posted by cdowns

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.

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

01-21-2011 | 10:03 AM

#23

pm203

Platinum Member

Joined: May 2003

Posts: 3,707

Likes: 89

From: MA and NH

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

01-21-2011 | 05:41 PM

#24

OUTLAW11

Thread Starter

Banned

Joined: Jul 2005

Posts: 347

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From: dallas , tx

Quote:

Originally Posted by SS930

I'm beginning to think the OP is a crack additic...

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!

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

01-21-2011 | 05:54 PM

#25

VtSteve

Gold Member

Joined: Jul 2007

Posts: 2,917

Likes: 9

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.

01-21-2011 | 06:13 PM

#26

US1 Fountain

Ginger or Mary Ann?

Joined: Oct 2000

Posts: 11,030

Likes: 9

From: L

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

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01-21-2011 | 06:23 PM

#27

antisocial

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Joined: Mar 2007

Posts: 189

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From: clark NJ

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.

01-21-2011 | 06:24 PM

#28

offshorexcursion

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Joined: Mar 2008

Posts: 3,613

Likes: 375

From: Traverse City MI

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!

01-21-2011 | 07:24 PM

#29

baywatch

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Joined: Sep 2003

Posts: 1,867

Likes: 14

From: Here and There

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

01-21-2011 | 08:21 PM

#30

ShadBurke

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Joined: May 2010

Posts: 105

Likes: 0

From: San Clemente, CA

Quote:

Originally Posted by OUTLAW11

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

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?????

Last edited by ShadBurke; 01-21-2011 at 08:24 PM.

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