Value of New 2006 280DA

J

jdag

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Feb 12, 2008
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Rochester, NY
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Sorry that I am posting a 2nd time, but this came up in a different thread and I wanted to get it properly visible in its own thread.

Talking to my dealer about a new 2006 280DA. I don't know all of the details of the boat yet, but it does have twin 4.3s and heat/AC.

What would you consider a good price on this boat? I would be trading a 2004 Monterey 265 (~2 ft in length and 1" in beam difference).

Thanks in advance, John
 
Best thing to do is check what others are selling for at www.yachtworld.com

Get a list of options that are included to get a good price comparison, and also take into account 2 years of depreciation on a new 2006. Also, find out the reason why it has been sitting for so long. And to triple check, check the HIN with Sea Ray to make sure this boat was never titled.

Esteban
 
A "new 2 yr old leftover" is still a used boat the moment you buy it, and would be worth no more than any other 2006 if you resold it. So as a buyer you are cheating yourself own resale retention if you compare it to new thinking you're getting a good deal. You should consider it to be worth the same as a very low hour well maintained used boat with the same year and options.

So I would also recommend you look at yachtworld and boattrader and not pay more than the mean avg of those listed with identical year, power, options. I say the mean because at least 20-30% of the boats on there are ridiculously overpriced -- probably because their original owners paid too much and are buried in it. Don't be one of them! To be fair, you can maybe add in the price of a 2yr extension on the warranty since an untitled boat will have full warranties.

Knowing that nice used '04s are worth about $80K, I'm guessing around $100-105k if it has the usual options (genset, AC, full canvas, GPS, etc).

-Dave
'04 Sea Ray 280DA T4.3Alphas
'07 Sea Hunt 220
 
delliott00 said:
......Knowing that nice used '04s are worth about $80K, I'm guessing around $100-105k if it has the usual options (genset, AC, full canvas, GPS, etc).
Click to expand...

My WAG (Wild ars guess) was $99k but I did not assume a genset or GPS.

You make a excelled point about the initial hit he will take on depreciation.

The more I think about this the more I would recommend he consider a nice used 280 Sundancer, say a 2004 in the $80’s with low hours, top condition.

PS: I dont think he can get a new 2006 280 w/Gen, AC, camper top for $100K-$105K. The Gen adds $10,400.
 
The boat is going to be another model year older soon. It is possible also that the boat was an early 2006 which means its been sitting around for near 3 years. Does it have any hours(demonstator)? You could have bought that boat new for 105,000. Gotta factor the age and depreciation in- 90,000 is to much.
 
jdag said:
What would you consider a good price on this boat? I would be trading a 2004 Monterey 265 (~2 ft in length and 1" in beam difference).
Click to expand...

The biggest thing you have going that seems to be overlooked is that they are willing to take a trade. What are they offering for your trade?

I'd say if you can negotiate to a price similar to a comporable low hour searay on yachtworld (those listings are at least a good 5-10% negotiable, as most people list over what they are willing to really take) this boat may represent a good value -- if they give you a reasonable price for your boat in trade.

Also, depending on the state if they take your boat in trade you may save the sales tax difference which can account for a good chunk of change.

I think I got the deal of a lifetime on my Searay (estate sale that had to close by a set time period) so I bought it without trading my previous boat, but I was in a position where any other 560 on the market would have cost me, after negotiating the best price, nearly as much as my current 4600 Maxum is worth. So to me it made sense. But if I could have worked something in trade I would have easily give up another $40K to not play the dice of a two boat owner. Especially in this non-sellers market. So if you can come to a deal that makes sense to you AND you can trade your boat for a reasonable price I'd say go for it!

My .02
 
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I appreciate all of your input (and patience that I posted 2x...the 1st was in a thread that strayed well of initial topic).

I do recognize that it is a used boat plain and simple. In fact, in the email to my dealer, I stated "...which will be "just as used" as those on the web the minute I launch it..."

I have asked him for a complete detail of the options and will go from there.

Ultimately, it is the net of my trade and the new boat that I have to evaluate. I'll pay $150 for the new boat if he gives me $110 for my current boat! ;-)
 
A 2006 purchased new in 2006 would have cost 110k without a genset. I good buy would be 90k in my opinion. In October of 06 I bought a used 05 280 with 27 hrs on it. The man paid 105k but wanted to get out. There are plenty of deals out there. I would think moreso now that we will see 4 bucks a gallon this summer for sure.
 
dcwjd said:
A 2006 purchased new in 2006 would have cost 110k without a genset. I good buy would be 90k in my opinion. In October of 06 I bought a used 05 280 with 27 hrs on it. The man paid 105k but wanted to get out. There are plenty of deals out there. I would think moreso now that we will see 4 bucks a gallon this summer for sure.
Click to expand...

90K would be a good buy, based on the asking price of this 2005 280DA.
http://www.clubsearay.com/forum/showthread.php?t=7040
 
As a data point, I took a 2004 280DA in trade on my 320DA knowing that I could put the 280DA up for sale and probably sell it quickly if I decided to. The broker ran all the comps from soldboat, yachtworld sold, BucValu, NADA, etc and gave me a breakdown on each. I still have that summary in email I think, so I might be able to dig it up and send it to you.

He suggested a list of $85K which would probably mean an $80K sale price. Compared to the comps, thats less than the avg sale price for a loaded '04 280 w/4.3s. Stuff like the blue hull and freshwater do not show up in the book price options, but do add value if you compare the list prices. Genset, AC, and the full raymarine radar/gps package are also added in that.

Still might keep it as its cheap to own compared to my 320DA, but I keep veering over to yachtworld on a daily basis so its days are probably numbered.... :)

-Dave
 
estebanj said:
Best thing to do is check what others are selling for at www.yachtworld.com

Get a list of options that are included to get a good price comparison, and also take into account 2 years of depreciation on a new 2006. Also, find out the reason why it has been sitting for so long. And to triple check, check the HIN with Sea Ray to make sure this boat was never titled.

Esteban
Click to expand...

Seems the best advice is to look at other ads for boats that are similar. Just because it has never been titled (which seems odd) will mean nothing to you when you purchase as has already been stated before. I'm sure it has been used as a demo, so look at the hours. I assume it is a dealer boat, which means they have "x" amount of $$$$$ in the boat. This may not be the boat for you. There are plenty out there.

I was extremely pleased with the 2006 280DA I bought. It is a blue hull, loaded with all the options including canvas camper top, generator, GPS, ac/heat, T 4.3's with 58 hours, etc., etc, and I got it non brokered. Straight private sale from a gentleman who owns a boating dealership and very meticulous and I paid $92,500. I think I got a very good/fair deal on my boat.

Just keep looking!!! That's what I did!!!

JL
 
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