Deposit Money

Discussion in 'Ask the Broker' started by wellswa, Feb 17, 2017.

  1. wellswa

    wellswa Member

    Sep 13, 2011
    SE Michigan
    1997 330 Sundancer
    7.4L 310HP Twins with Hurth V-Drives
    Previous Boat
    1997 Sea Ray 210BR Signature
    So, what kind of ($amount) deposit money should I ask for on a $50K boat purchase? I may receive an offer on my boat soon pending sea trial and survey when warmer weather arrives. Just asking. Thanks
  2. NotHerDecision

    NotHerDecision Well-Known Member PLATINUM Sponsor

    Jun 28, 2016
    Houston, Texas
    2001 Sea Ray 460 Sundancer
    2014 Seadoo 155 LTD
    2105 Seadoo 130 SE
    2013 Mercury Dinghy
    Cummins 6CTA 8.3L
    I think 10% is standard. Maybe others have opinions that are different.

    Sent from my iPhone using Tapatalk
  3. dcpringle

    dcpringle Member

    Dec 13, 2012
    CT River
    2000 Sea Ray 480DB "Diamond Girl"
    Cat 3196 660HP
    +1 on the 10%.
  4. RollerCoastr

    RollerCoastr Well-Known Member

    Nov 15, 2007
    Cedar Point, OH / Miami, FL / MacRay Harbor, MI
    1997 400DA
    340HP 7.4 Mercruiser Bluewaters
    Garmin 741, 742, 8212, 24HD, Intellian I2
    1999 280BR
    Twin 250HP Merc 350 Alpha Ones
  5. Boater420

    Boater420 Well-Known Member

    Mar 11, 2015
    Clearwater, FL
    '97 330 Sundancer
    Westerbeke 4.5BCG
    Twin Merc 454's
    I paid 10% on mine when I purchased.
  6. somefun

    somefun Member

    Aug 26, 2016
    Puyallup, Wa
    2007 250 SLX - Tow Vehicle 2002 Silverado 2500HD
    496 Mag, Bravo III
    10% seems fair. My deposit for a $45,000 purchase was a handshake. That was the seller's idea, and as a buyer, I thought that was awesome (I was ready to put down what ever was necessary!).
  7. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    I got a 10% deposit of negotiated price contingent on survey and Sea trial when I sold mine and gave a 10% deposit with the same conditions on the one I recently bought.

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