Mr Salt
New Member
- Jun 14, 2008
- 632
- Boat Info
- Raymarine/Raytheon electronics, Sat TV, Yacht Controller
- Engines
- 2003 Caterpillar C-12s Twin Disc Transmissions
Alex
You have applied the math correctly. The key assumption is how much more than $71,700 can the old boat be sold for----that difference is benefit that is in your math. You see an $8,000 benefit that is the $80,000 selling price of the old boat less the $72,000 for the trade plus sales tax. To the extent that the boat can't be sold for $80,000 the margin comes down dollar for dollar.
There is one other issue that you have correctly pointed out. He how walks in with cash in hand is king and can get the best price.
Mr. Salt
2001 540 CPMY
Caterpillar C-12s
Cape May NJ
You have applied the math correctly. The key assumption is how much more than $71,700 can the old boat be sold for----that difference is benefit that is in your math. You see an $8,000 benefit that is the $80,000 selling price of the old boat less the $72,000 for the trade plus sales tax. To the extent that the boat can't be sold for $80,000 the margin comes down dollar for dollar.
There is one other issue that you have correctly pointed out. He how walks in with cash in hand is king and can get the best price.
Mr. Salt
2001 540 CPMY
Caterpillar C-12s
Cape May NJ