What will $175k buy you now???
10-02-2008, 07:33 AM
#81
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Some would call me the voice of reason....... Rob there was a time when Cigarettes (and other boats) would rise in price so much every year that you could trade up for very little coin from one new boat to another. The dealers were putting crazy money on the trades since they had a list of buyers waiting to buy/ banks ready to loan full purchase price. Joe Buyer gets a new boat annually in this white hot market.
In those days 2002-2005 buyers far outnumbered boats for sale. In those days my outlook would be wrong because outside forces were inflating values.
Today there are more boats than buyers.......period. Look at how many NEW 08 Cigs/ OL's are available. I can remember looking at boat show boats in the past that were all sold by Sunday afternoon and dealers could only take orders. The outside forces are once again at work but this time in a negative aspect. Fountains/Formulas/Bajas/Donzis are all production models with mulitple dealers floorplaning identical boats so they have always been easy to come by which is no shock to anyone. Cigarette/OL are more custom boats, very few identical boats so they are tougher to find/ deal on but now you can have your choice of several new boats.
I'm not a doom/gloom guy but more of a realist. It is easy to sit back with a 8-10 year old boat and think of the glory days when it was worth what it stickered for new but like $1 gas that is just a memory of the past. It is not only the boat market but the same can be said of real estate/ cars. Ferraris can be found at the dealer new, waiting for the new owners to pay sticker. Even on the truck level, I can remember going to buy a new truck and having little or no inventory to select from, not anymore pretty much anything you want/ combo of options is sitting on the lot with a big discount sticker on the windshield.
Not doom/gloom......just sign of the times!
10-02-2008, 07:42 AM
#82
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Craig that boat will be heading towards "Apache" status for sure in the upcoming years. You can add the following to your ad: Built right on 188th st the final year of Don Aronow's life, wavecrushing straight bottom design before those dangerous steps, big power built right with solid #6's......you can ad lib a lot with that boat....... Seriously your boat is similar to GLH's Tiger. Rare combo, clean/well maintained with a title in hand can ask whatever the market will bear and wait for the right buyer(much like a few rare Apaches). Trade that same boat in on a cruiser and you will be lucky to get an offer of 50K from a wholesaler the dealer calls in to price the boat.
10-02-2008, 07:45 AM
#83
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I've got no dog in this fight......but I'll set a ball on the tee and let you take a big swing at it. I'm just curious, that's all and my boat is NOT for sale and nothing is owed on it....but in your opinion, what is my boat worth?
1988 kevlar TG with twin 700 N/A's (all NEW parts, not rebuilt, 64 hours) 1450 Huber Cryptonite trannies, #6 wet-sumps with 46 hours (gone thru by Craig Collabella last Oct.). '02 raised hatch, Dave Hunter paint blah blah blah
....and an '05 15K trailer
What's it worth? I figure it's somewhere between 60 and 130K. What do you think?
1988 kevlar TG with twin 700 N/A's (all NEW parts, not rebuilt, 64 hours) 1450 Huber Cryptonite trannies, #6 wet-sumps with 46 hours (gone thru by Craig Collabella last Oct.). '02 raised hatch, Dave Hunter paint blah blah blah
....and an '05 15K trailer
What's it worth? I figure it's somewhere between 60 and 130K. What do you think?
I will take it for 60,000
10-02-2008, 07:53 AM
#84
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Mine's not for sale. But with that being said...Here is a great deal on a very clean, solid redone Top Gun. I have spent time on this boat and it is awesome!
http://www.offshoreonlyclassifieds.c...o24756-en.html
It's a nice boat for a very fair price!!!
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Happily retired and living in Heavens waiting room.
Happily retired and living in Heavens waiting room.
10-02-2008, 07:59 AM
#85
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I understand some of the animocity in this thread and think some good points have been made. However, at the end of the day Mr. Market dictates what something is worth...very simply what somebody else will pay for it!
That price will be found with or without naysayers or price knockers and without pump-up sales artists. As far as who listens to who on hear, I generally listen and learn from those who own vast experience with similar boats and make my own judgements based on the curent market. While it may be frustrating to hear price knockers, to me it's just noise.
I do enjoy seeing (browsing) the general market in this environment.
It's obviously a buyer's market and may be that way for some time to come...just the way it is...and I plan on (continuing) to take advantage of it!
My vote is for peace, love, big boobs and tight butts!
That price will be found with or without naysayers or price knockers and without pump-up sales artists. As far as who listens to who on hear, I generally listen and learn from those who own vast experience with similar boats and make my own judgements based on the curent market. While it may be frustrating to hear price knockers, to me it's just noise.
I do enjoy seeing (browsing) the general market in this environment.
It's obviously a buyer's market and may be that way for some time to come...just the way it is...and I plan on (continuing) to take advantage of it!
My vote is for peace, love, big boobs and tight butts!
10-02-2008, 08:03 AM
#86
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Let me also add that despite the service that brokers provide it is tough to buy knowing that they are being paid out a margin that you could negotiate. That 10% brokerage fee is fair game for a buyer.........
10-02-2008, 08:08 AM
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This thread didnt start out this way but if people dont want to hear what somthing is worh they souldnt start a new thread saying "what do you guys think of this one"
I still say we have only seen a handful of boats for 200K and less on this thread. Where are they and another question to dhlaw. Whats the bottom end he would consider? Meaning is he looking at 100K boats?
I still say we have only seen a handful of boats for 200K and less on this thread. Where are they and another question to dhlaw. Whats the bottom end he would consider? Meaning is he looking at 100K boats?
10-02-2008, 08:11 AM
#88
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Some would call me the voice of reason....... Rob there was a time when Cigarettes (and other boats) would rise in price so much every year that you could trade up for very little coin from one new boat to another. The dealers were putting crazy money on the trades since they had a list of buyers waiting to buy/ banks ready to loan full purchase price. Joe Buyer gets a new boat annually in this white hot market.
In those days 2002-2005 buyers far outnumbered boats for sale. In those days my outlook would be wrong because outside forces were inflating values.
Today there are more boats than buyers.......period. Look at how many NEW 08 Cigs/ OL's are available. I can remember looking at boat show boats in the past that were all sold by Sunday afternoon and dealers could only take orders. The outside forces are once again at work but this time in a negative aspect. Fountains/Formulas/Bajas/Donzis are all production models with mulitple dealers floorplaning identical boats so they have always been easy to come by which is no shock to anyone. Cigarette/OL are more custom boats, very few identical boats so they are tougher to find/ deal on but now you can have your choice of several new boats.
I'm not a doom/gloom guy but more of a realist. It is easy to sit back with a 8-10 year old boat and think of the glory days when it was worth what it stickered for new but like $1 gas that is just a memory of the past. It is not only the boat market but the same can be said of real estate/ cars. Ferraris can be found at the dealer new, waiting for the new owners to pay sticker. Even on the truck level, I can remember going to buy a new truck and having little or no inventory to select from, not anymore pretty much anything you want/ combo of options is sitting on the lot with a big discount sticker on the windshield.
Not doom/gloom......just sign of the times!
In those days 2002-2005 buyers far outnumbered boats for sale. In those days my outlook would be wrong because outside forces were inflating values.
Today there are more boats than buyers.......period. Look at how many NEW 08 Cigs/ OL's are available. I can remember looking at boat show boats in the past that were all sold by Sunday afternoon and dealers could only take orders. The outside forces are once again at work but this time in a negative aspect. Fountains/Formulas/Bajas/Donzis are all production models with mulitple dealers floorplaning identical boats so they have always been easy to come by which is no shock to anyone. Cigarette/OL are more custom boats, very few identical boats so they are tougher to find/ deal on but now you can have your choice of several new boats.
I'm not a doom/gloom guy but more of a realist. It is easy to sit back with a 8-10 year old boat and think of the glory days when it was worth what it stickered for new but like $1 gas that is just a memory of the past. It is not only the boat market but the same can be said of real estate/ cars. Ferraris can be found at the dealer new, waiting for the new owners to pay sticker. Even on the truck level, I can remember going to buy a new truck and having little or no inventory to select from, not anymore pretty much anything you want/ combo of options is sitting on the lot with a big discount sticker on the windshield.
Not doom/gloom......just sign of the times!
In the car business we have a saying, there is an ass for every seat.
10-02-2008, 08:21 AM
#89
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It always comes back to what the buyer and seller agree to.* Anyone can pontificate on what a boat is worth and how the economy is or is not doing, but you get back the basic premise of what the seller will sell his boat for.* All this B.S. is not worth the effort to continually respond to pessimists that are always yelling the sky is falling and boats are being given away.* If all is bad, where are the boats on the foreclosure lists and on bank lots.* It is not the best of times but it is not the worst of times.* The free market will prevail!!
*
*
10-02-2008, 08:43 AM
#90
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Is anyone really worried about resale the minute you put the sticks down?
Buy it at a FAIR price, and use it. You don't have to get the best deal in the history of OSO. Waiting for the market to bottom out is nothing other than wasting great boating time.
If you lose money on a boat you are like 99.999999999999% of people that have ever owned one.
P.S. - this is easy to say coming from a guy who will not be in the 200k boat market for a LONG TIME.....
Buy it at a FAIR price, and use it. You don't have to get the best deal in the history of OSO. Waiting for the market to bottom out is nothing other than wasting great boating time.
If you lose money on a boat you are like 99.999999999999% of people that have ever owned one.
P.S. - this is easy to say coming from a guy who will not be in the 200k boat market for a LONG TIME.....
