HOW MUCH IS SHE WORTH ?

[DAKA]

I am thinking of upgrading boats and I have found the amount offered in part exchange can be half the amount similar boats are advertised at.
The reason given by the dealer is "no one pays full asking price"
My last boat was a Bayliner and I was offered £8,000 in part exchange;
I sold it privately within 3 weeks for £20,000.
I don't want to get too involved with exact prices but I would be interested to hear of other experiences if any one cares to respond please.


My first boat was a Falcon......... I paid 20% off the dealers asking price.
My last boat was a Bayliner....... I paid 10 % off the dealers asking price
The Fairline I have now......... I had to pay the asking price (private sale)

I always keep my boats in pristine condition.
/forums/images/graemlins/confused.gif

 

[Wiggo]

We part ex'd last time, and the amount we were offered was way below what we would have asked for a private sale. Conversely, the boat we bought was biought way below the 'headline' price. In fact, the delta (i.e the cash we forked over) was the difference between our asking price and theirs, so we were reasonably happy. We could have beaten them down by being a cash buyer, of course, but that means selling privately first. That's teh price you pay for the convenience of part exing

 

[mainshiptom]

a boat is only worth what people are prepared to pay?

so If there is a demand for a certain boat the price goes up although you could argue that the boat is not worth it?

also some peole buy a dream not a boat hence the low price on p/x because you set your heart on the new boat?

Some one told me that he gets the price he paid for his boat when he buys a new one but had to stick to the same make !

 

[CaptainThames]

Every deal is different. I got my full asking price from a broker who was clearly keen to make his money on the sale of the other boat, which had been traded in for a new boat. Overall he clearly made a healthy profit on the new boat he sold and a fair profit on the one I bought and was therefore able to make a negligable profit on the smaller boat that I traded in. At the same time he reduced the money they had tied up in craft on their books awaiting buyers.
Following that transaction, I had no end of grief in getting the few small jobs completed that were agreed as part of the deal. I should have waited for everything to be completed before handing over the money, or at least retained some of the money until the jobs were done.
Bottom line is never trust a broker. They are in business for profit, not to do you a favour.