Going crazy over pricing...

Yachtmaster. said:
Prices are down because people are losing their jobs and they have taken on too much debt. No one is forcing anyone to take a low offer. Additionally financing is very tight. There are simply fewer buyes. The law of supply and demand is at work.
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I'm not disputing market forces. My point is that to proffer the advice to another potential buyer to offer no more than the lowest in a range of averages, regardless of condition, is short sighted and flawed.

The fact is the person willing to accept an offer at the bottom of the value curve is more likely going to be desperate. The desperate person is also more likely to have deferred spending any money on the boat, be it maintenance, repair, or storage.

We all have learned that buying the boat is often the smaller part of the investment and that keeping it up and running is the bigger piece of the pie. The other big lesson is that the way to keep big expenses from happening is to fix little problems before they get to be big ones.

Henry
 
Whatever you think you'll save by buying the cheapest boat, you'll make up for after you own it. They are usually missing this or that and this or that costs a small fortune to replace. Gel Coat is a little chalky, after 3 weekends of compounding and waxing you'll have it almost there. One visit to west marine and that $2k you're worried about will vanish into thin air. Second visit to west marine and you'll wonder what all that fuss was for such a small amount of money. A couple of weekends hauling your friends around and pffft, you'll spend more in fuel.
 
Given the recession with it's sad effect on boat prices, I'd be VERY careful of prices before proceeding. Check asking prices in your area.
 
Selling my 97 250 DA late in the spring of 08, I found NADA to be quite high compared to the market. Same when we sold our 19' bowrider two years earlier. Interesting that it seems to be reversed now.
 
Just don't make a mistake and buy it out of state. They will charge you taxes if SC is anything like my state, regardless if its used or new. But the price looks good to me. I would try to knock them down a little, just because thats what you should do right?
 
depending on your state, they are going to charge you tax no matter where you buy it. They sock it to you when you register the boat unless you can show that you already paid the tax.
 
TurtleTone said:
depending on your state, they are going to charge you tax no matter where you buy it. They sock it to you when you register the boat unless you can show that you already paid the tax.
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Well unless you live in a state where there is no tax and it costs you $21 a year to register it....:smt038:thumbsup:
 
When I was looking at boats earlier this summer I kept finding asking prices considerably above NADA value. In order to determine a good "deal" I feel you just need to compare what is out there at that price, determine whether or not you are comfortable spending that much money, and simply make an offer.

I actually bought my '89 200BR for $1000 over NADA but I have yet to find a boat I like better for sale for under twice what I paid for the boat. I was even looking to spend over twice for other boats but this one came along that was in immaculate condition and I knew the person selling the boat. I could not be happier.
 
Update: Everyone wants top dollar for their boat, bottom line. I'm not trying to purchase a cheap boat and I've owned a boat before so I know the costs involved. There are plenty of boats out there that have been properly maintained but again, they're proud of their price.

I have contacted over 20 people this week and it's always the same story. I'm not trying to get something for nothing I'm just not going to pay over the NADA. I have a good job and excellent credit so I can borrow money at a very low rate. NADA is what the bank will lend and that's barely what I got for my previous boat so that's all I'm going to pay.

There are a few 205's that I'm still interested in but I get tired of the hype from dealers especially that they're SUPER BUSY and WE HAVE TONS OF CUSTOMERS...WE DELIVERED 10 BOATS LAST WEEK!!! Come on, let's be real here.
 
Just remember, NADA is ONLY a guide. It's not gospel and pricing varies significantly depending on region. Personally I would only use NADA guide values loosely.

Doug
 
Don't get me started with GA sales tax???? I'm tyring to fight them over sales tax on a used vehicle my wife purchased in NC years ago, (Don't even own it any more) They say she owes them thousands of dollars for sales taxes, plus fines & interest.
 
ITGUY! Try looking on yachtworld.com for true market pricing. NADA pricing doesn't always reflect the day to day market of boats, yachtworld and sold boats should give you more of an idea of the right market price on boats. Let me know if you need any help trying to figure out how to use the sights to find out market value.
 
I bought my used Sun Dancer 270 this past spring for a great price. I put money into an inspection to confirm my evaluation and have been very pleased with the purchase. I started looking at the end of last season but I'm glad I waited until I found the right boat at the right price. God luck!
 
Even for Cars, I have found NADA to be a bit removed from reality. I have bought used cars where the dealer asking price is below NADA. . .so you just go and negotiate down from the asking.

I can understand the seller not budging off of $26K. I bet the owner is looking at a $30% depreciation hit. And not liking it. I was shopping in the 2006/2007 time frame for those boats. . . and the dealers in my area were demanding premium dollar for those boats.

Of course. . I thought those boats were crazy overpriced then. And $26 sounds WAY HIGH for a 4 year old bow rider in today's market.

I would look at larger boats that are more reasonably priced.
 
itguy said:
Update: Everyone wants top dollar for their boat, bottom line. I'm not trying to purchase a cheap boat and I've owned a boat before so I know the costs involved. There are plenty of boats out there that have been properly maintained but again, they're proud of their price.

I have contacted over 20 people this week and it's always the same story. I'm not trying to get something for nothing I'm just not going to pay over the NADA. I have a good job and excellent credit so I can borrow money at a very low rate. NADA is what the bank will lend and that's barely what I got for my previous boat so that's all I'm going to pay.

There are a few 205's that I'm still interested in but I get tired of the hype from dealers especially that they're SUPER BUSY and WE HAVE TONS OF CUSTOMERS...WE DELIVERED 10 BOATS LAST WEEK!!! Come on, let's be real here.
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So you're saying EVERYONE is way above NADA, but you're not willing to go above NADA? NADA is a guide but a boat will always be worth exactly what someone is willing to pay for it, nothing more, nothing less. If the market (meaning everyone selling, not NADA) says that boat costs $25,000, then you can expect to pay that or not get one. Just because your last boat sold at NADA doesnt mean the next person has to sell to you at NADA.

I just sold my 95 BMW M3 that was my fun on the side car, and I got tired of hearing "NADA says its only worth 6k, Ill give you 5500" when I had it listed at 9500. Guess what, I told all of them I wasn't interested and that they were free to go buy the cheaper ones (that didnt exist, and certainly not in Dakar Yellow, I searched to make sure). I waited a little bit longer (an extra month) and ended up getting what I wanted: 8,000. I had a few of them come back to me after it sold upping their offers because those $6,000 15 year old BMWs they found were POS....too bad so sad, too late now!
 
mvoellinger said:
So you're saying EVERYONE is way above NADA, but you're not willing to go above NADA? NADA is a guide but a boat will always be worth exactly what someone is willing to pay for it, nothing more, nothing less. If the market (meaning everyone selling, not NADA) says that boat costs $25,000, then you can expect to pay that or not get one. Just because your last boat sold at NADA doesnt mean the next person has to sell to you at NADA.

I just sold my 95 BMW M3 that was my fun on the side car, and I got tired of hearing "NADA says its only worth 6k, Ill give you 5500" when I had it listed at 9500. Guess what, I told all of them I wasn't interested and that they were free to go buy the cheaper ones (that didnt exist, and certainly not in Dakar Yellow, I searched to make sure). I waited a little bit longer (an extra month) and ended up getting what I wanted: 8,000. I had a few of them come back to me after it sold upping their offers because those $6,000 15 year old BMWs they found were POS....too bad so sad, too late now!
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X2 - Couldn't have said it better myself.

Doug
 
Thanks for all the replies!

I ending up purchasing a 2006 Four Winns H210. The boat is in good condition with 96 hours. Has the VP 5.0 GXi (270HP) with SS prop.

Original owner paid 34k and we purchased for 19k...NADA was 19.3-21.9.

It wasn't always about the deal but I wasn't willing to pay more than NADA..again, that's just ME.

Hopefully we'll get a few years of enjoyment out of this boat and then we'll move on to something else.

P1020159.jpg


Thanks again
 
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