Like Tree0Likes

What's happening with used performance boats?

Reply
Old 12-13-2011, 02:24 PM
  #1
Registered
Thread Starter
 
Join Date: Jul 2008
Location: Georgia
My Boats: Currently boatless :-(((
Posts: 40
Question What's happening with used performance boats?

When I first began hanging out here 3 or 4 years ago (trying to educate myself as best I could about performance boats) there was, on any given month, 1100+ boats for sale in the classifieds of this website. And this has been pretty consistent although there were times that it might have dropped to 900 or so. But in the past 8 months there's been this steady decline to today's number of around 680.

Are folks advertising some place else? Are owners just hanging on to their boats? I'm sure it's a given that this economy is affecting this one way or another.
tda3 is offline  
Reply With Quote
Old 12-13-2011, 02:47 PM
  #2
Gold Member
Gold Member
 
Join Date: Jul 2008
Location: Delray Beach, FL
My Boats: Baja 342 Raylar HO 600's
Posts: 2,715
Default

I notice that last night. The economy supposedly stinks but a lot of boats are gone. Weather or not they sold or people removed them is the question... Personally, I think they sold.
Keith Atlanta is offline  
Reply With Quote
Old 12-13-2011, 02:48 PM
  #3
Diamond Member #001
Charter Member
Trade Score: (2)
 
C_Spray's Avatar
 
Join Date: Oct 2000
Location: Coastal North Carolina
My Boats: 2000 Formula 382 with Innovation 600's
Posts: 4,789
Default

Way fewer boats are changing hands, since new boat sales are minimal at best. Most people are stretching the life of their existing boats, others have had to postpone their plans to move up, and those that needed to bail out of a boat they could not afford have done so.

I, however, am willing to consider any extravagant offers on either of my boats....
__________________
Retired! Boating full-time now.
C_Spray is offline  
Reply With Quote
Old 12-13-2011, 02:53 PM
  #4
Charter Member #1171
Charter Member
 
obnoxus's Avatar
 
Join Date: Feb 2001
Location: New Lenox , Il
My Boats: 2000 36 OUTLAW SOLD SHOPPING
Posts: 3,913
Default

my thought was alot of the cases,,,,,,,if the value is below the loan amount,,,, why list it

either stuck with it for now, or it gets repoed
__________________
IF YOUR UNDER CONTROL,,,,,YOUR NOT GOING FAST ENOUGH !!!!
obnoxus is offline  
Reply With Quote
Old 12-13-2011, 03:12 PM
  #5
Platinum Member
Platinum Member
 
H20 Toie's Avatar
 
Join Date: Sep 2004
Location: Channel Islands CA
My Boats: Got nothing
Posts: 1,462
Default

Times have changed, i would like to sell my Formula 400SS. I had it listed for about 6 months last year
Even though i had a couple people that were interested they could not get financing. So i just gave up and decided to keep it. Sure if i drop the price enough it will sell but in this market who knows what price you have to go down to in order to sell.

The hoops that i had to go thru to purchase my Cigarette last month was amazing. I have bought houses in the past that were less hassle than this loan was.
But on the good side i got the Cig for a great price so i'm happy and nothing wrong with having a Cruiser and a performance boat
H20 Toie is offline  
Reply With Quote
Old 12-13-2011, 03:17 PM
  #6
Registered
 
Join Date: Jun 2011
Location: Thousand Islands area
My Boats: Fever
Posts: 2,288
Default

Fewer boats are changing hands and I beleive its three basic things.

1. People want to much for their boats and just dont sell so they keep them.

2. People arent looking to buy new boats because of the economy thus you dont see more for sale.

3. People would like to sell their boat but know they cant because they owe to much and would lose their ace in a sale, or simply would lose their ace because boats are not commanding the money they used to.
soldier4402 is offline  
Reply With Quote
Old 12-13-2011, 03:19 PM
  #7
Registered
 
Join Date: Jun 2011
Location: Thousand Islands area
My Boats: Fever
Posts: 2,288
Default

Quote:
Originally Posted by h20 toie View Post
Times have changed, i would like to sell my Formula 400SS. I had it listed for about 6 months last year
Even though i had a couple people that were interested they could not get financing. So i just gave up and decided to keep it. Sure if i drop the price enough it will sell but in this market who knows what price you have to go down to in order to sell.

The hoops that i had to go thru to purchase my Cigarette last month was amazing. I have bought houses in the past that were less hassle than this loan was.
But on the good side i got the Cig for a great price so i'm happy and nothing wrong with having a Cruiser and a performance boat
boats like these are probably some of the highest risk due to the fact that they cost a lot of money and if the bank gets them back they arent going to have an easy time getting rid of them. Also these boats all to often are beat and you find listed on repo auctions with missing engines, drives, interior parts etc.
soldier4402 is offline  
Reply With Quote
Old 12-13-2011, 03:26 PM
  #8
Gold Member
Gold Member
 
Join Date: Jul 2008
Location: Delray Beach, FL
My Boats: Baja 342 Raylar HO 600's
Posts: 2,715
Default

While most of the theories are possible. Does OSO have data from when the posts come down? I thought they were "post till sale" ads. Over the last 3-4 months I think the used boat and repo boat market is going crazy. There are a lot of great deals out there and I think a lot are selling.
Keith Atlanta is offline  
Reply With Quote
Old 12-13-2011, 03:43 PM
  #9
Registered
 
PhantomChaos's Avatar
 
Join Date: Dec 2000
Location: Bell Canyon, CA
My Boats: Formula FASTech 382 Sunseeker Apache 45
Posts: 12,756
Default

Quote:
Originally Posted by C_Spray View Post
Way fewer boats are changing hands, since new boat sales are minimal at best. Most people are stretching the life of their existing boats, others have had to postpone their plans to move up, and those that needed to bail out of a boat they could not afford have done so.

I, however, am willing to consider any extravagant offers on either of my boats....

Some folks don't sell them in a crappy market, but redo their boats completely so it is BETTER than a factory new boat.
PhantomChaos is offline  
Reply With Quote
Old 12-13-2011, 03:46 PM
  #10
Registered
 
Join Date: Sep 2008
Location: LOTO
Posts: 1,200
Default

Quote:
Originally Posted by C_Spray View Post

I, however, am willing to consider any extravagant offers on either of my boats....
redbud35 is offline  
Reply With Quote
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 11:42 AM.


Copyright 2011 OffShoreOnly. All rights reserved.