I NEED YOUR OPINION.. trading boats..

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cr0ck1

cr0ck1

New Member
Jun 10, 2007
815
Tampa Bay/Gulf (In a pineapple under the sea)LMAO!
Ok my dealer called me today and told me he had a 2003 sundeck he got in.. and he know i was looking for something that was a little bigger but looked new... now i know before i even call him hes gonna give me 17000 for my boat.. i own 12000... do you think its worth it getting into an older boat? or doing that deal? thats all the info i have on the boat that he wants to make the deal with.. its too late to call to ask more info.. what els should i ask?
 
My advice: Since you don't need a boat, then low-ball!! Make it a stupid offer that you will feel good about, and if he takes it; great. If not, keep looking. Remember, you are still on the water. As far as trading older, I have done it to get into the size of the boat I wanted for the budget I had (or really borrowed).

Good Luck.
 
brimanst said:
My advice: Since you don't need a boat, then low-ball!! Make it a stupid offer that you will feel good about, and if he takes it; great. If not, keep looking. Remember, you are still on the water. As far as trading older, I have done it to get into the size of the boat I wanted for the budget I had (or really borrowed).

Good Luck.
Click to expand...

well i owe like 12000 on my boat... they will give me 17000 on the other boat.. about what is the lowest i should ask for this sundeck?
 
cr0ck1 said:
Ok my dealer called me today and told me he had a 2003 sundeck he got in.. and he know i was looking for something that was a little bigger but looked new... now i know before i even call him hes gonna give me 17000 for my boat.. i own 12000... do you think its worth it getting into an older boat? or doing that deal? thats all the info i have on the boat that he wants to make the deal with.. its too late to call to ask more info.. what els should i ask?
Click to expand...

He's probably going to play this angle: you're going to get a bigger, more comfortable, more powerful boat, one that you and your family will grow into. More storage, higher capacity, better pull for water sports, higher speed, more versatility. Ability to handle those large family outings with everyone aboard safely. Heck, if you are well prepared, you can even overnight on a deckboat with the right planning.
 
Hey CrOck1,

If you decide to get it, make sure and raise your bimini up so you too can have the "Gansta Lean".. LMAO... :smt038
 
what size sundeck and how much does he want for it. If you're looking to trade up i would not go for it unless you're looking at least at a 220SD or a 240SD. this way you may be dropping back a couple of years but you're also getting a lot more boat.
 
Wow. What size Sundeck is it? I would opt for the 24 over the 22 since there is more storage.

I would look at www.boats.com and look at prices for the same years. Heck, you may find a better deal on that website than your dealer. Anyway, after you find something comparable with options/hours/ etc. then lowball the price from the best price that you've found by about 5 or 7 k and see what happens. They can always counter higher.

Going older for more size isnt' bad. You can find some really nice boats out there that haven't been used much. Sometimes people have a situation where they can't use their boat. As long as it has been properly maintained, then I say take a look at it!

Let us know what size sundeck it is and then we can talk about a more reasonable price... :grin:
 
Dude;

Unfortunately. . how much you owe on your current boat is about as relevant as how much you paid for the boat new and your hat size. In other words: it doesn't matter.

What is relevant is what your overall finances look like; How much money you have for spending on boats, and how much cash you have on hand (i.e; $5K in the boat and $xxx in your bank). After the you get the new boat, will you be drinking Champagne or Bud Lite? :cool:

The other piece of information is "Is this a good deal?" What you are being given for your boat is only half the puzzle: The price of the other boat is the other half. If he offers you $25K for your boat, and the new one costs $100K. . .it is a bad deal. If he offers you *nothing* for your boat and the new one is $5K. . .it is an excellent deal! :thumbsup:

Pay little attention to what he offers you for your boat: The only number that interests you is *how much more money are you committing*. Don't let a "glamour" offer on your boat blind you to the truely important *bottom line*. :smt024

- - - - -

But above all else. . . . . what is the new/used boat? Is it what you want?? Under no circumstances should you buy a boat that doesn't fit your needs. You are not a boat broker. You will not make money trading boats every year. If you need a bigger boat. . then keep looking till you find the *right* boat.

_ _ _ _ __ _

Don't fear going older. A ten year old boat that fits your needs is better than a new boat that doesn't fit your needs. Smiles per mile will be higher.

I bought a 9 year old boat. Sure. . .I have extra maintenance. I throw money at it. But that's ok. .because I saved SO MUCH money buying old that the extra maintenance is truely chump change.

I wouldn't blink at buying a 2003. Start blinking at 2001 or older.

___________

Caveat: You can try the "stupid low ball" offer if the other boat is not perfect: Who knows? Maybe you can make money on the deal.

But rarely will the dealer call you with a deal like that in mind. More than likely he is looking to make a fast buck by
(1) Low balling your current boat, and
(2) giving you a 2003 skanky,spider laden boat at a 2005 bristol condition price.
 
comsnark brings up a good point about the dealer wanting to make a quick buck. A boat owner who's boat just came on the market probably won't want to negotiate that much on an offer, but you never know.

I wouldn't tell the dealer what you owe on your boat. If he already knows then don't let it be a factor in your dealings. Either they are going to give you a very good price on the boat you want to buy or they won't. Do some research online and see what the same year/options are going for. Then knock the price down by a ton. Make sure that you are going to be comfortable with they payment if they accept your offer.

What size is the boat that you are thinking of buying? :smt017
 
water rat said:
comsnark brings up a good point about the dealer wanting to make a quick buck. A boat owner who's boat just came on the market probably won't want to negotiate that much on an offer, but you never know.

I wouldn't tell the dealer what you owe on your boat. If he already knows then don't let it be a factor in your dealings. Either they are going to give you a very good price on the boat you want to buy or they won't. Do some research online and see what the same year/options are going for. Then knock the price down by a ton. Make sure that you are going to be comfortable with they payment if they accept your offer.

What size is the boat that you are thinking of buying? :smt017
Click to expand...

all he told me was its a 2003 sundeck in the message he left.. i gotta call him tomorrow morning to get the details..
 
cr0ck1 said:
he wants to give me 17000 on my boat and i owe 12000
Click to expand...

That's still not relevant. Unless you want to let the dealer manage your money and hand you the key to the boat they want you to have.

In fact, what you owe on the boat is your business and not theres. they do not need to know what you owe unless you're letting them manage your money. In fact, IF they know what you owe and you have equity, I 100% guarantee that will be the target of there teeth. In the car business it's called "swallowing the trade". They'll try to swallow as much of your trade as they can. What they see a is a medium rare US Choice filet waiting for them to find a way to take a bite out of it. And they'll eat the whole thing if you'll let them.

Payoff on your boat is only their business when it comes time for them to pay off the bank that holds the loan when they are taking it in trade if you decide to trade. Take charge of your money and don't get caught up in the emotions trap they are setting for you.
 
Oh, and I'm sure the reason he called and only said it was a "2003 Sundeck" is because it's not something they "know" you'll be all over like whit on rice. Maybe a 200 or 220 if they think you're really wanting a 240. If whatever it is, is something they know will make you drool, they would have told you on the phone so you'd be closing yourself over the weekend so Monday all they'd have to do is write it up. They want you excited so they gave you all the info that they knew would excite you.

I bet there is a reason they set you up with "2003 Sundeck" and left you hanging. They want you to own a new boat before they talk to you. It's easy to overcome the boat not being exactly what you wanted if you've already take it out on the water in your head. They want you to own it in your head.

Salesmen are not your friend until the deal is closed. Until then, they're selling. :thumbsup:
 
Hmmm. "2003 Sundeck". Wow. That is not much information to get excited about.

There are currently 20, 22, 24, 26 and 27 foot "sundecks" in the SeaRay line. Quite the gambit.

Looking on Yachtworld, list prices for 2003 24 sundecksin Florida are $30-$35K (expect to pay less after negotiation)

Didn't see any other 2003 sundecks.

Keep us posted! Sounds like your payments are going UP.
 
What is weird to me is you keep talking about what you owe on the boat instead of what you paid for the boat. I personally would care less about what I owe on the boat but yet what I paid for the boat. If I recall you paid somewhere around 24K for the boat and according to you, you know they are only going to give you 17K. Depends on the deal you are getting on the used boat but you are losing money on your boat for sure ($7k or 30%), so make sure whatever you are buying is what you want for a while at least. Sounds like the salesman smells meat personally.

Wesley
 
I fight this battle at least once per year. Go buy yourself something nice for your current boat; something you don't have to finance! New chartplotter, fenders, anything... or get your boat detailed. I would try to wait at least 5 years. Easier said than done!
 
thanks to all.. ill find out all the info and update this thread tomorrow when he calls me back.. i had told him i wanted to get into something bigger like a sundeck.. 25 ft and up. well see what he says right now.. buisness is going down hill again this month si i cant do anything right now anyway.
 
Ok, I'm just a little confused.............

You say: " buisness is going down hill again this month si i cant do anything right now anyway."

So, what value is anyone else's opinion, and why waste the dealer's and your salesman's time if you know the time isn't right for you to make a move?
 
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