used boat discount ?

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squadron

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at the moment how much discount should i be expecting from the asking price on 2000- 2007 year boats .
its a minefield of prices out there and i am just going crazy trying to understand why one person would want almost twice the price for exactly the same spec boat , same year , same engine and engine hours , tax paid in the med .
can someone please help before i go doolally.

thanks david
 
squadron said:
at the moment how much discount should i be expecting from the asking price on 2000- 2007 year boats .
its a minefield of prices out there and i am just going crazy trying to understand why one person would want almost twice the price for exactly the same spec boat , same year , same engine and engine hours , tax paid in the med .
can someone please help before i go doolally.

thanks david
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That cannot be answered - it depends on the asking price - you should simply offer the price you are willing to pay for a particular vessel.
 
squadron said:
at the moment how much discount should i be expecting from the asking price on 2000- 2007 year boats .
its a minefield of prices out there and i am just going crazy trying to understand why one person would want almost twice the price for exactly the same spec boat , same year , same engine and engine hours , tax paid in the med .
can someone please help before i go doolally.

thanks david
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Well, it isnt like cars where there are 000's of them, and so reasonably defined prices (though cars can still vary by 25pct, seems to me!)
Only thing to do is see the boats and decide what to offer.One person might drop heavily, another not at all. Remember, you are only one side of the deal.You cant make the seller accept your offer, and since the boat is currently his, he can ask whatever he likes- realisitic or not ! Just as you might be more keen on one boat, one seller may be more keen than another to sell. If you like, once the cheaper boat has sold to someone else..what price do you have to pay now? I dont think it is a race to the bottom.
 
squadron said:
at the moment how much discount should i be expecting from the asking price on 2000- 2007 year boats .
its a minefield of prices out there and i am just going crazy trying to understand why one person would want almost twice the price for exactly the same spec boat , same year , same engine and engine hours , tax paid in the med .
can someone please help before i go doolally.

thanks david
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Because people keep asking how much discount they should expect.

I have my boat up for sale at the moment..... that's the price... it hasn't had the price raised so that I can negotiate. It's worth what it's worth to somebody who wants it.

Tom
 
There's allsorts of variables, some of which could be owner doesn't really want to sell, broker has told seller it's "worth" more to get the business, owner could be desparate to sell, could be something wrong with it, owner could be living in cloud cuckoo land, etc., etc...

Strikes me there's an awful lot of wishful thinking/talking goes on around boats, just treat each on its merits, if it is a popular make/model you should be able to get half an idea what they are fetching though and it is a buyers market, especially with motor boats I'd have thought...
 
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Wide price variations.

Could be finance on the boat.
Seller is desperately trying to avoid putting any more money in the pot to clear mortgage ?
 
djbreeze said:
There's allsorts of variables, some of which could be owner doesn't really want to sell, broker has told seller it's "worth" more to get the business, owner could be desparate to sell, could be something wrong with it, owner could be living in cloud cuckoo land, etc., etc...

Strikes me there's an awful lot of wishful thinking/talking goes on around boats, just treat each on its merits, if it is a popular make/model you should be able to get half an idea what they are fetching though and it is a buyers market, especially with motor boats I'd have thought...
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i thought my question was a valid one , but it seems that i hit a nerve with most people replying to my quite innocent question .
not wanting to offend anyone but it seems if this is really how boats are valued then how on earth do you sell them , i thought there may be some kind of guide , a bit like used car guide that could help me establish what a fair price is ? .
so i will do what most people do and assume that the lowest priced equivelent boat is the bench mark price . unless someone else comes up with a general guide .

thanks david
 
squadron said:
i thought my question was a valid one , but it seems that i hit a nerve with most people replying to my quite innocent question .
not wanting to offend anyone but it seems if this is really how boats are valued then how on earth do you sell them , i thought there may be some kind of guide , a bit like used car guide that could help me establish what a fair price is ? .
so i will do what most people do and assume that the lowest priced equivelent boat is the bench mark price . unless someone else comes up with a general guide .

thanks david
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The low priced boats are usually desperate sellers.
almost guaranteed they will not have been maintained properly in the last few years.

If you buy a pup which hasnt been serviced you may well need new engines, canopies, upholstery etc etc which could easily bring the cost of the two boats the same with the exception the expensive one is ready to go without hassle..........hopefully.
 
No, unlike cars for most boats there is just not enough volume of sales to identify a guide price. There are some where there are significant numbers on the market at any one time where you might find the the asking prices tending towards a mean, but even then the range can easily be +/10% which on a £100k boat is £20k between the cheapest and most expensive.

Add to that specifications vary widely and you will see the impact of that on new prices where "extras" can be anything up to 30% or more on basic prices. Location is a factor because the market in one location might be weaker than another, but the cost of moving the boat from one to the other exceeds the difference in price.

In practice, you are likely to find if you do your homework and get a feel for what the differences are that they disappear when you get into the offer stage. As others have already said, sellers have different motivations which influence their asking prices and today's market is very volatile. As a buyer you might concentrate on setting your budget for what you want to buy and only spend time and effort on boats that have asking prices that are within reach. At the end of the day, buying a boat is not really a rational economic decision so the aim is to be happy that you have paid what you are prepared to pay.
 
squadron said:
so i will do what most people do and assume that the lowest priced equivelent boat is the bench mark price . unless someone else comes up with a general guide .

thanks david
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I'm afraid if you do that, you will most likely not buy the best boat. Mine is currently for sale (not trying to punt it to you), but if someone came along and wanted me to sell it to him for the same as one for £10k less, just because that was the cheapest, he could Foxtrot Oscar. Mine doesn't need servicing, doesn't need any repairs, is a high spec and has been extremely well cared for. I don't want to price match with the tatty old **** on the market. There are others out there for more money, i'd say the owners are dreaming. The only way for someone to find out the real deal is to go look at a couple of the expensive ones, a couple of the cheaper ones, then look at mine.

Again, not trying to punt my boat, but that's how i see it, as a seller. I dare say the story is the same with every other make/model of boat. Go look at a few, make an offer of what you're prepared to pay for the boat you like the most. Some might appear identical on the web adverts, in real life the story will be different.
 
One other point on the smaller numbers than cars. You dont have alot of choice, in reality. Some people say..oh, there is always another boat out there, but is highly unlikely to be exactly the same. Maybe you wont like the worktop colour, or the upholstry, or the gel is more faded etc etc. So there will be something that makes one boat more valuable to you than me perhaps. Then there is time. Some people would rather pay up a bit and get 90pct of what they are looking for and then spend their time out boating. Others want the best bargain ever had, and will spend 1-2 years to find it.You might not want to own the cheapest one when you see it, for whatever reason, so then you have to forget that price and look at the price for what you DO want.
You cant really tell til you go and look. It is highly unlikely you wont then know why one is priced differently to another. You might not agree with the difference, but that isnt quite the same thing !
 
gjgm said:
One other point on the smaller numbers than cars. You dont have alot of choice, in reality. Some people say..oh, there is always another boat out there, but is highly unlikely to be exactly the same. Maybe you wont like the worktop colour, or the upholstry, or the gel is more faded etc etc. So there will be something that makes one boat more valuable to you than me perhaps. Then there is time. Some people would rather pay up a bit and get 90pct of what they are looking for and then spend their time out boating. Others want the best bargain ever had, and will spend 1-2 years to find it.You might not want to own the cheapest one when you see it, for whatever reason, so then you have to forget that price and look at the price for what you DO want.
You cant really tell til you go and look. It is highly unlikely you wont then know why one is priced differently to another. You might not agree with the difference, but that isnt quite the same thing !
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that all make sense , its just that this is the first boat i will buy and at the moment i can only view them on line , all the boats look really nice ,low hours full history , tax paid , in the med , etc.
i know i have to visually inspect them before i decide, i just thought there maybe lots of forumites who have recently bought who could give me a genaral feeling of what i could expect to achive at this moment , just a general guide , nothing more . but thanks for your comments.
 
Ready and able to buy ..... or Just looking ?

There is no Glasses guide to boats.The only way is go and look personally which can take time.Only short cut is to rely on a broker who will have a pretty good idea of what a boat will sell for on the open market.
Might be worth contacting a few with your requirements and your price range and asking them to keep an eye out for anything coming onto the market.
If you are ready and able to buy(that means literally money under the bed ) not some vague promise of got to sell this ...or that,realise some asset or other,it is possible to get in and remove a bargain from the market before anyone realises its there.
Chum of mine has contacted a well known UK Fairline dealer and has stated the money is there if they find him the boat.
 
DAKA said:
The low priced boats are usually desperate sellers.
almost guaranteed they will not have been maintained properly in the last few years.

If you buy a pup which hasnt been serviced you may well need new engines, canopies, upholstery etc etc which could easily bring the cost of the two boats the same with the exception the expensive one is ready to go without hassle..........hopefully.
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well i do intend to survey and have engineers report , but as i said all the descriptions says well maintained , and also with so few hours on the engines 350-500 hours seems like they have hardly been used at all for a boat 8-10 years old .
for example one boat i looked at squadron 58 2002 500 hours on the engines tax paid 300k , same boat identical kit 500k , big big difference . but thanks for your comments

david
 
oldgit said:
There is no Glasses guide to boats.The only way is go and look personally which can take time.Only short cut is to rely on a broker who will have a pretty good idea of what a boat will sell for on the open market.
Might be worth contacting a few with your requirements and your price range and asking them to keep an eye out for anything coming onto the market.
If you are ready and able to buy(that means literally money under the bed ) not some vague promise of got to sell this ...or that,realise some asset or other,it is possible to get in and remove a bargain from the market before anyone realises its there.
Chum of mine has contacted a well known UK Fairline dealer and has stated the money is there if they find him the boat.
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i am in the same position , money burning a hole in my pocket so to speak , but i just dont like being in a position where i cant even judge what seems fair .
thanks david
 
squadron said:
i am in the same position , money burning a hole in my pocket so to speak , but i just dont like being in a position where i cant even judge what seems fair .
thanks david
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In the nicest possible way. if you are not in a position to judge what is a fair price on a particular boat, like as you mentioned a sq58, then IMHO you have not looked at enough boats yet. Have you spoken to a Fairline dealer yet? Essex Boat Yards are always getting high praise, maybe worth giving them a call and having a chat... may not come up with a definitive answer but all the info gained from different folk, from adverts, from speaking to brokers and looking a boats you will start to get a real good idea what you need to pay to find a good boat. And unless you want to buy a deal rather than a boat it will not be the one that is the cheapest. Best of luck and happy hunting :)
 
Firefly625 said:
In the nicest possible way. if you are not in a position to judge what is a fair price on a particular boat, like as you mentioned a sq58, then IMHO you have not looked at enough boats yet. Have you spoken to a Fairline dealer yet? Essex Boat Yards are always getting high praise, maybe worth giving them a call and having a chat... may not come up with a definitive answer but all the info gained from different folk, from adverts, from speaking to brokers and looking a boats you will start to get a real good idea what you need to pay to find a good boat. And unless you want to buy a deal rather than a boat it will not be the one that is the cheapest. Best of luck and happy hunting :)
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i was looking forward to the challenge , looking at nice boats , narrowing it down to three makes i think are suitable, but after 1 week of this i just think the prices are just so different, its as if some boats have solid gold anchors or diamond studdied heads .

thanks david
 
squadron said:
well i do intend to survey and have engineers report , but as i said all the descriptions says well maintained , and also with so few hours on the engines 350-500 hours seems like they have hardly been used at all for a boat 8-10 years old .
for example one boat i looked at squadron 58 2002 500 hours on the engines tax paid 300k , same boat identical kit 500k , big big difference . but thanks for your comments

david
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Now we are getting somewhere, if you provide a link to the 2 boats in question then you will probably get some constructive feedback on them.
 
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