Sealine S48 Advice Needed

[Gludy]

I have been offered a 2003 S48 as a partX for Drumbeat.
It would mean that I woukld get a limp of cash back and have a lower value boat to sell.
I know nothing about these boats and I am therefore seeking advice on how well they sell, what they are like etc.

 

[Nautorius]

Paul,

They are slow to sell and difficult to shift from what I have seen. The S41 is a much better trade in! Given a 2003 is worth about £240k is the differencial worth it?

Of course if it is a good deal then it may be worth having her but it may be 'sticky'

Cheers

Paul /forums/images/graemlins/smile.gif

 

[[2068]]

Not an obvious boat for the UK, although heavily built (16,000kg). There were some problems with the immersible bathing platforms on the early ones.

If done up to "med spec", I would have thought it would make a good boat for blasting around the Balerics...

dv.

 

[volvopaul]

Paul what are you thinking? with the present sealine mix up and posts galore I would steer clear unless of course its for nothing doing px is a tricky business, I have been offered an s43 for less than 130k that says it all when you look around at what the dealers are asking for them.

I would say that the 48 is probably one of the better sports cruisers they make but ask yourself why would someone want an older dated boat than the s48 they have now, be very wary, I would have thought by dropping the price of drumbeat it would sail away quickly, would talk to some brokers away from Emsworthto get a general opinion to the secondhand market at the moment as you may end up with it over the winter into next spring.

Presume drumbeat is still on at 295k, would want s48 and at least 100k to swap IMHO of course.

 

[Nautical]

As mentioned not the easiest boat to shift in the current market and with shafts fair burns up the go go juice for not a particularly brilliant ride, big boat though and at the right money a lot of boat for the money. I would be wary unless the deal works in your favour er, like its very cheap!

Slidey up and down platform can be a pain and can get stuck half way up if the tracks dont run true. Some interior joinery bits are prone to lots of rattles and creaks but nothing seems to fall off just a little disconcerting. With TAMD 75's even at full chat with a bit of dirty bum and loaded with stores and few years of motoring on the engines you'll be lucky to see 28 knts with the trottles nailed.

An outdrive boat now of around 42' gives nearly the same internal space but for a lot less outlay and fuel cost hence the S42 is a better seller.

 

[Gludy]

I am only thinking about it.
I do not see any reason why I cannot discuss the offer openly, so here goes:-

The deal is the boat called Stardust Express
http://www.yachtsales.co.uk/used_boats_power.htm

Plus £100k for Drumbeat.

I am asking £295k for Drumbeat and obviously have a bit of give in that figure so in effect this S48 is valued at about £180k - which does seem low?

Its not my sort of boat but would provide some boat pending a new one down the road as well as reducing cash out figure by £100k. However I would not want to be stuck with her.

Drumbeat is a great boat and had it not been planing, we would have gone back to her so the only advantage of this deal is a £100k back plus a newer boat to sell say next year. I brought Drumbeat through some 18 foot seas on the way to Emsworth and she handled them well – I published some videos of the trip on the forum at the time.

I welcome all advice on this matter and the comments so far are very much appreciated.

 

[[2068]]

I could be offbase here, but wasn't there a very similar boat for sale a while ago that had suffered some kind of damage?

I really can't remember the details, but it might just be worth the question "has this boat ever been fire or water damaged and repaired"

Original thread was HERE, but the original ad has long gone, so not sure if same boat.

dv.

 

[Gludy]

It sounds to me that this may be the same boat that was written off!
Same engines
Same place
Low price

........ The same?

 

[[2068]]

I really couldn't say: you'll have to make further enquiries.

It was that stupid owl dangling from the hardtop that triggered the memory...

dv.

 

[volvopaul]

Ah was just right with my sums then and im not a dealer, can remember the s48 for sale my mate went to look at it, he said the owner would have done a deal with jack the ripper to get rid of it and offered him way over the odds for his existing boat to get a deal done, abide your time for the deals thats right for you.

 

[Nautorius]

Gludy,

Given the current Market why not say PX considered on your advert. I am sure you can pick up a better boat as PX than that. Does look like the Fire Damaged one from Essex!

Cheers

Paul /forums/images/graemlins/smile.gif

 

[Deleted User YDKXO]

Paul, I've taken p/x's against 2 boats I've sold in the past and, on both occasions, it worked out very well for me. Each time, I ended up earning more than had I sold my boat outright at the asking price though obviously I had to wait a few more weeks to sell the p/x boat. Taking a p/x puts you, as the seller, in a potentially better situation because you control the price of both boats as the buyer will feel you are doing him a favour by considering his offer
But, to be worth taking the risk, I think the p/x value has to be sufficiently low such that it releases most of your equity in your boat and also won't hurt you too much if you end up having to cut the price of the p/x to sell it. In your case, I would'nt take a p/x more than, say, £100k, You're going to get nearly £200k of cash and even if you have to sell the p/x for, say, £75k, overall, it's still not a bad deal
Obviously, you have to treat the p/x like any boat purchase ie get the hull and engines surveyed and check every detail, particularly the paperwork
IMHO, the S48 is too close to the value of your Squaddie to make taking the risk worthwile even if it was straight, which it does'nt seem to be

 

[Gludy]

I think that is very sound advice and I agree with all of it.
In this case whilst the value of the boat px was 2/3rds of the value the very low price of that model made it a possible deal but the part X in this case seems to be a total dud.

I do not mind taking in a part X for Drumbeat for the very reasons you have outlined.
There are a few buyers for Drumbeat waiting to sell their boats - so I am told.

 

[Gludy]

I have now been able to establish that the S48 is not the fire damaged one - so I am back having to decide if i should take it at basically a knock down price.
It has only done about 160 hours.
It was in the med in Spain and broght back to the UK after someone broke into it in its dry store shed and took radar, TVs, ripped canopies etc - all of which have been replaced.
So it all boils down to the probabl;ity of me getting a £180k or so back on a good sample s48 at what seems to be a very good price indeed.
Thoughts welcome.

 

[[2068]]

That's good to know - it was worth asking the question!

I still think this revolves around "Do you actually want an S48".

If yes, and are planning to use it whilst the next boat is being built, then it's a lot of boat for £180k, and newer than Drumbeat, but not necessarily faster to sell in the UK. I still think this boat would sell more easily in the med.

If no, then it could take a while to shift, again, and you'll "only" have released £100k...

dv.

 

[wakeup]

Could you trade the S48 in against your next purchase?

 

[Gludy]

I probably could but its such a small value compared to the next purchase that it would probably ne easier for me to use her in the meantime and then lower the price unmtil she goes - she would be a very low priced s48 - much lower than any other ont the market including fire damaged ones!

Thje price difference would have to be right and the boat would have to measure up to its 150 hours low use etc - I am tempted.

 

[wakeup]

In deals like these where it isn't obvious I always follow my gut instinct. It has never let me down, only goes wrong when I ignore the gut and do something else. if you can get some cash out and have boat you think you can sell on for at least the PX value, then you are really balancing whether or not you wan to be able to boat whilst waiting for your new boat or not whilst your S59 sits in traders yard.

 

[DAKA]

[ QUOTE ]
.

I am asking £295k for Drumbeat and obviously have a bit of give in that figure
Drumbeat is a great boat and had it not been planing, we would have gone back to her

[/ QUOTE ]

Your Brokers appear to have added 27 % commission on for themselves.

I cant help but think they would encourage more enquiries if they advertised at £299K ?????

http://www.boatshop24.co.uk/UDU5LzF%252BVFFOQjAx%3D-Fairline_Squadron_59.html

Good luck with a quick sale
cheers
Pete

 

[Gludy]

The boat is advertised elsewhere at the right price asking price of £295k, its just that they have not got around to changing all the adverts!!

So I agree, it would help to advertise it at the right price in all places!!