Upsize to a bigger PX

[sailaboutvic]

As any one had any experiences with PX for a bigger yacht with someone who wanted to down size ? We have a just 4 year old Dufour 385 and like to find a beneteau owner with a 42 or an 43 who looking to down size off couse there maybe some money adjustment to be made or even a Jeannaeu 42i or 44i , as any one done this before , or do any one have any ideas regarding this .

www.dufour385.webs.com

 

[dinwood]

We did something similar last year - part exchanging our 39ft Najad for a 48ft Contest, done through a broker in Holland. It was a really bad experience which in most repsects we regret and would never repeat. Some of the problems could be put down to the fact that we p/exed because we couldn't sell our last boat in the timeframe needed. This put pressures on us that would not have existed in a normal situation. However the bulk of the problems were irrelevant to you - down to the Dutch surveyor, Dutch broker and Dutch contract.

 

[Steve C Cronin]

We pxed when purchasing our previous boat from new. There were two prices, the higher one guaranteed if the old boat was sold on within 3 months and the lower one if sold after that. Of course she went a matter of days outside the time limit. That was 19 years ago on the Hamble so probably not relevant today. Prior to that we sold another boat on agency terms and did very well.

I appreciate that the above might be of limited use but it might just stimulate someone else's memory.

 

[vyv_cox]

We bought our current Sadler 34 PXing a GK29 for it. The seller was a car dealer, well used to the concept of PX, who was always happy to deal that way. He had a buyer in mind for the GK, which was gone in days.

I have noticed a few of the brokers in ads in the mags offering PX deals, it might be worth checking.

 

[Tranona]

You stand more chance doing a PX with a dealer who has a stock boat that he needs to shift. Typically you will be offered between 80-90% of the perceived market value because the dealer needs to make a profit - he is taking the risk of selling the boat away from you. It also means you are probably limited to a particular boat, probably new or a demonstrator. For example I was offered a really good part exchange against the last of the line of a particular boat because the dealer was having difficulty in selling it at the normal price. A big advantage with a dealer is that you have a much greater level of protection in consumer law than in a private deal. For some people such deals are good because it removes the hassle of selling your own boat and it is the cost to change that becomes the key figure rather than the absolute values of the boats.

The chances of finding a private individual who has just the boat you want, and would accept your boat are very, very small. Boats in general are not like cars where there is a structured market that enables somebody to move a boat on quickly at a predictable price, which is why you rarely see used boats held in stock. There are very few savings in doing a private deal as you still need to have surveys done, although of course there may be a saving in broker fees, but suspect most people would prefer a cash sale and cash purchase because they are free to make their own choice rather than be restricted to what is on offer in the exchange.

 

[sailaboutvic]

I have noticed a few of the brokers in ads in the mags offering PX deals, it might be worth checking.

Yes we have too but what there are looking for is older boats , our yacht is just 4 years old and it well looked after plus we have put a lot of stuff on it for cruising thousands of pounds of equipment to make life easy for us ,

What we looking for is a beneteau 42 or 44 and maybe do some kind of deal , but only time will tell , what make it more difficult is we full time live aboard and it also our home .

www.dufour385.webs.com