Boat Value!

[zapada]

RE: Boat Value!

I'm of the opinion that Demand is king. When a person puts a boat up for sale, they're hoping to find someone that is looking for what they have to offer. If and when those two people line up, the value is determined by a willing seller and a willing buyer. Any drifting in price, up or down, is due to details, supply, convenience, or duress. I find it very hard to believe that a person's comments on a "free" classified add are going to substantially influence the final price agreed to by both the buyer and seller. Demand has determined the price. If demand were higher, the seller would have said no to the price offered, but because demand is weak, the seller calculates that it is better to reduce the price and remove the burden or have the cash vs not selling the boat. Same is true when demand is high and good, clean, close boats for sale are low.

Part of the problem here is that people that frequent this site are from all walks of life, all over the world. Prices very much vary from one region to another. If you really want to know what something is worth, try selling it.

As an aside, Travisfling, I think that the market IS as bad as it's being presented. The global economy is in free fall with no determined bottom. Were you in the country 3 weeks ago? The restaurant you went to was probably packed because all those people got free coupons from a job fair they attented that day.

[TravisFling]

RE: Boat Value!

I was in the country three weeks ago. Not sure why you're asking, but yes, I was here. (still am) Maybe it's just that I'm from a big Ag. state and ag has been doing pretty well except for input prices, but really holding pretty strong. Anyway, my point was that I don't think it's right, if you're not interested in the transaction to jump in and bad mouth a price. I just don't get why someone would do that. That's like standing outside a local retailers door and asking what someone wants to buy, then pointing out they could get it cheaper online. I don't get the benefit to the poster and certainly not to the seller.

[rocco]

Boat Value!

TravisFling ,,,,WELL SAID MY MAN""""""""""""""""

[bkhallpass]

RE: Boat Value!

JWard,

Your post post is well thought, and your tone is reasonable.

However, I completely disagree with most of your post. I don't own a Correct Craft because it is held to a higher standard; I dont' own it because of resale value; and, I certainly don't worry about a rude comment from an inconsiderate person on a web site destroying the value of Correct Craft boats. I own the boat because that's what I want; I paid what I was willing to pay; and when I sell it, I'll take what the market will allow or what I'm willing to take. I don't want to take this thread into another financial preaching session, but in my opinion, if someone is that worried about resale value, then that person couldn't afford the boat in the first place.

When you list a boat for sale on this site, you are marketing to a group that is as knowledgable as anyone as to what CC boats are worth. If someone on this site wants to buy the boat, he or she is going to pay what it's worth, or pay what it's worth to him or her. The comments of a schmuck won't have much to do with it. If you are marketing to uninformed buyers, trying to get more than the boat is worth, etc. then why list on a this site in the first place.

I receive PMs all the time asking my opinion as to what a boat is really worth. I suspect many of you do as well. Should I lie to protect the value of my own boat? Will my "expert opinion" somehow sway the value a free market economy places on my boat? Of course not.

That said, the one point on which I'm in violent agreement with you, is that on this web site, it is not appropriate to bash the price a seller has put on his or her boat. Whether, that's a good policy or a bad policy, it's been the policy at least for the 4 or 5 years I've been participating on this site. It is a matter of courtesy and culture, not a matter of destroying or artificially inflating the free market value of Correct Craft boats. As a matter of courtesy, I think it is completely appropriate for members to remind others that we simply don't do that here.

BKH

[jward]

RE: Boat Value!

Just a thought. I think everyone would agree that the economy is in the tank. The boat mfg's would agree to that. With that being said, do you feel that the demand for used nautiques would be increasing. I never look at NADA when looking at a boat. I always just look at what others are going for. If my thoughts are actually true. Would that not mean that you could get more for your used boat now than when the economy was good and there were more people opting to buy a brand new boat.

BKH, who is to say for sure if it would make a difference or not in the price that the boat actually sells for. I see your point, but it could make a difference I guess. Also, I don't feel like members on this board are selling boats because they are in financial restraints. I feel like most are selling to get a newer model. I'm sure there are some selling for that reason. Either way who in their right mind would not take more for their boat if the offer was there. I mean you have to start somewhere with a price. You can always reduce the price, but you can never add to it. On the flip side who in their right mind would rather pay for the item that is full price when there is one for sale at another place.

The point of the thread was this. I hate it when you buy something that you are proud of and someone looks at it and says "man you could have gotten that alot cheaper". DON'T BE THAT GUY. Also, if you know someone that bought a boat for less than you see the same boat on here for, go pat that guy on the back and say "man you got a great deal". Don't tell a seller he should lower his price. Over time he will figure that out on his own.

ON A BRIGHTER NOTE! SPRING IS HERE! LET'S CLOSE THE LAPTOP AND GO RIDE!
Justin

[CraigH]

RE: Boat Value!

If you think the boat is overpriced, dont buy it. If you are really interested in the boat, make an offer privately and see if a deal can be reached. IF the boat is overpriced, it wont sell and the seller will lower the price. Why does it need to be more complicated than that?

I actually enjoy seeing the boats out there for sale and keeping up to date on the prices, but I generally end up in disbelief at some of the comments on the threads.

[TravisFling]

RE: Boat Value!

Word.

[Hollywood]

RE: Boat Value!

I bite my tongue a lot when it comes to prices on boats listed on sites like this one and CCF. I find it kind of disrespectful to list something much higher than the market value hoping for a bite from a crowd of enthusiasts. I have sold stuff for peanuts and even given away parts for free to members of these sites because I know they'll enjoy and appreciate it. I've also been on the receiving end of such deals. Joe off the street is going to get the sticker price.

[TravisFling]

RE: Boat Value!

That's a good point Hollywood.

[Mikeski]

RE: Boat Value!

My opinion is not far from Hollywood but I don't go to the trouble to post when I disagree with somebody's price. I stay pretty close to the market and generally feel that I have a decent idea of what boats should cost, so I usually only post my opinion when sellers ask what their boats are worth. That said, I have seen some people with outlandish asking prices. I think I recently saw a 10+ year old boat with a $30k+ price tag, that's just rediculous. Any boat 10+ years old should be twice removed from current designs at least in the Nautique world, the 2001 may be the exception for this rule, it's the classic of the boating world like a 1957 Chevy BelAir.

As a seller it's is always a risky question to ask, in general a car, boat, truck, motorhome, is worth the most to the current owner. I know my stuff is always worth more to me than the buyers when it comes time to sell.

When it comes time to sell a vehicle I have a system that removes the emotional attachment. I set the duration of the time I am willing to dedicate to the sale, I start with a price similar to what I see at dealers (retail) for a comparable, advertise the sale in as many places as possible then reduce the price at a consistent rate until it sells. At some point the value drops low enough to move a potential buyer off dead center. This also makes it easy to deal with low-ballers, I just tell them that I reduce the price by $500 every other week, if it's still for sale when I get to their offer I give them the first call, if they are still interested we do the deal. It has worked out and I have lost good buyers and ended up selling for less than previous offers but that's one of the downsides of this approach.

[Hollywood]

Re: RE: Boat Value!

My opinion is not far from Hollywood but I don't go to the trouble to post when I disagree with somebody's price.

Before someone digs up one of my old posts, please not I said "a lot" and not all the time! I know I've been guilty of mouthing off to someone's asking price.

Mike, I like your approach to selling stuff. It motivates the buyer to pay what it's really worth to them instead of hammering down a seller. I have no problem paying asking price or over what someone else would for something I really want.

[Mikeski]

RE: Re: RE: Boat Value!

HW,

I didn't mean to imply you would post your disagreement, on re-read my post could be interpreted as that.

Sorry,
M

[Hollywood]

RE: Re: RE: Boat Value!

I didn't interperet you were implying I would post my disagreement. :?: I suppose that is just a product of internet conversation. I should use more smilies. :mrgreen: It was more of finish to my previous post of admitting guilt w/o going back and editing it.

All good Mike!

[Nautiqueman]

RE: Re: RE: Boat Value!

For what it's worth, my friend that has sold Nautiques for 12 years has said to me that the best place to sell one is on Boattrader. That tells me that the market on this site is probably on the low side for selling and the greater exposure of a larger pool of buyers at boat trader gives the seller a better chance. I have seen many repeat Nautique owners over the years become more cost conscious than the average buying public. This is just a general feeling, not a really anything I have empircal data on, but just a feeling the nautique owner psyche.