Sundancer 300 Value?

Wouldn't be selling the boat other than my mom can't use it by herself, and my gf and I are both still in school. Plus if it isn't getting used then all that money going to slip rental and insurance on it is wasted. If it were a 30' CC I'd probably keep it, its not really my style.

The estate planning was handled by our lawyer, there is a reason I am in medical school... I know little if anything about all that. My dad was a CFO, knowing him... I am sure that was all straight, probably before I was born.
 
I'd figure out how much slip fees and insurance would cost for the next year and estimate what it would sell for it a good market and the decide if it would be worth holding until after elections for next season. It might pay off.
 
I am starting to think values maybe not only regional but also exactly where the boat is... unless of course you are willing to pay to move it. Most of these boats for sale maybe hopelessly stranded on some lake for life.

"I'd figure out how much slip fees and insurance would cost for the next year and estimate what it would sell for it a good market and the decide if it would be worth holding until after elections for next season. It might pay off."

Please tell me this is a joke...
 
Why a joke?

simple economics... can you make more $$ by holding it a bit... betting on a better selling environment after the elections. Or do you sell now and take no chances.

If you are in a position where you MUST sell it, then I wouldnt worry about top dollar, price it agressively and sell it fast.

Neither of the boats listed by KayKook are land-locked, both are in a decent market with lots of selection and inventory about. Look in your area, see what comps are listed at, then beat that price if you want to sell it this season.
 
Betting the economy will be better, gas prices will be lower, or whatever is pretty risky... if a Dem takes office the people who can afford a 50K+ toy now will be giving that money away in tax increases next year... at least that is what history has proven.
 
gindvss said:
if a Dem takes office the people who can afford a 50K+ toy now will be giving that money away in tax increases next year... at least that is what history has proven.
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As they should.... since they won the "lottery of life" and are sucking on the economy and stepping on the less fortunate people...
 
AndersonAcres said:
I've been monitoring the prices of late 90's 310 DAs for about a year and I think that $45K for your 300 is likely to get it sold. Higher will not, IMO. You might consider donating to a non-profit that accepts boats. Might be a good deal for the estate taxes.
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This is not the good deal that it used to be. The deduction you get is the actual selling price of the asset. Nonprofits are not going to want to own a boat because of the holding costs. The NP would broom it out at a fire sale price to be done with it. Might sell it for 25K if the NP thought that would move it in a hurry.

With so many people uanable to afford boats today, there are lots of them for sale. About the only thing that will make this boat stand out is a good detailing job, new bottom paint and a low retail price. Starting somewhat high will not make it stand out. It will just another SR for sale. A low initial price and a willingness to negotiate will move it....maybe. Storage and insurance costs year after year should be factored into the pricing.
 
There are a ton of boats for sale around here and only the lower priced ones are actually moving. The ones that have asking prices at or close to NADA value are sitting unsold. I'm still seeing boats listed in the local paper and on Craigslist that I saw a year ago and almost nothing is being sold out of the local marinas and boatyards.
The harsh reality is that if you want to sell a boat around here right now, or at least get a decent amount of people to look at it then you need to price it at about 60% of the NADA value.
 
JVM225 said:
you need to price it at about 60% of the NADA value.
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That puts my 2003, with every option on it that was available, valued at $244K... (using 60% of the lowest NADA value)... that's about what the fuel will cost this year.
 
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Four Suns said:
As they should.... since they won the "lottery of life" and are sucking on the economy and stepping on the less fortunate people...
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yea and all dr's are rich right and should pay more in taxes because they are making just sooo much more money than everyone else, yea I will agree with that when the people who are collecting my tax dollars agree to help pay back my 200K dollars in student loans out of their pay check
 
Enjoy your boat for the next however many years. Take good care of it so it continues to work like a new boat. Once it starts to go to hell, not that much fun. The alternative is to sell it for market value and pay your loan off long after you sold it. The days of moving up every few years are over for a while. Maybe when the country gets serious about implementing an energy policy boats will become something for lots of people to enjoy again.....ok a, a highjack. Even worse, from a Tiara owner.
 
Four Suns said:
That puts my 2003, with every option on it that was available, valued at $244K... (using 60% of the lowest NADA value)... that's about what the fuel will cost this year.
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I try not to worry about it too much. The way I look at it is if the fuel costs 25% more than last year and it really starts to bother me I'll just run the boat a little less. I can still do the same number of overnights on it though.
Besides, I might wind up using this buyer's market as an opportunity to move up.
 
Four Suns said:
That puts my 2003, with every option on it that was available, valued at $244K... (using 60% of the lowest NADA value)... that's about what the fuel will cost this year.
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I don't know about using the lowest NADA value across the board.
I would look at the realistic NADA value considering options and overall condition as a baseline. Right now it would be tough to sell a boat in a decent amount of time if the price was more than 60% of that value.
I would think that things are going to get worse with falling used boat values before they get better. But, if you aren't looking to sell it shouldn't matter. Enjoy it while you have it, you can't take it with you.
 
So... are you guys ready for the real sold numbers?

1996-1998 300 Sea Ray Sundancers sold from January 2007 - Current.

13 Sold

Lowest Selling Price - 35K
Highest Selling Price - 50K

There was one that sold for $59,900 in Michigan, Looks VERY familiar.

The median price was 37K to 45K

Would like to add that the majority of these boats that sold were freshwater.
 
Carver370 said:
So... are you guys ready for the real sold numbers?

1996-1998 300 Sea Ray Sundancers sold from January 2007 - Current.

13 Sold

Lowest Selling Price - 35K
Highest Selling Price - 50K

There was one that sold for $59,900 in Michigan, Looks VERY familiar.

The median price was 37K to 45K

Would like to add that the majority of these boats that sold were freshwater.
Click to expand...

Good info, 3 questions
1) What kind of shape/hours were you looking at on average? Ie good condition 1000 hours, etc. Because that is a pretty broad spectrum.

2) How well were most of them equipped? Did most, a few, or almost none of them have a genset and/or fresh water cooling system? Obviously used value isn't as high but that adds 20K to the retail cost of a new one.

3) Where were these boats?
 
gindvss said:
Good info, 3 questions
1) What kind of shape/hours were you looking at on average? Ie good condition 1000 hours, etc. Because that is a pretty broad spectrum.

2) How well were most of them equipped? Did most, a few, or almost none of them have a genset and/or fresh water cooling system? Obviously used value isn't as high but that adds 20K to the retail cost of a new one.

3) Where were these boats?
Click to expand...


Only one had over 800 hours, and most seemed in average or above average condition. Most had gen sets, and at the very least VHF And GPS chartplotter. Most great lakes boats are raw water cooled but that is not a huge determining factor in resale price, its more of a plus than added number value.

The boats were all over but most in Michigan, Texas, Ohio, Wisconsin. Very few were in Florida and MD.


You will find that educated buyers of used boats will not offer that much more for a boat equipped with electronics that are 1997 vintage or freshwater or raw water cooled at least in my area.

Just so you know where this information is coming from, I am a broker. I have no vested interest in you selling your boat or not, I am just simply giving you the hard numbers to work off of to help out a fellow boater.

The numbers I gave you were from Yachtworld.com's database of soldboats. Some people inflate the number the boats actually sold for to look like a better broker but I will tell you that nobody will say the boat sold for less than it actually did.
 
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