Used boat price

  • Thread starter Thread starter Anonymous
  • Start date Start date
A

Anonymous

Guest
Hello all,
What are your thoughts of someone selling a boat here for ALOT more than what they paid for it? No, it's not me or anyone I know. Just wondering.
 
It's worth what people are willing to pay for it, right? Unless the previous seller was taken advantage of, I don't see a problem. What's the story?
 
Yes I have said that myself about it's worth what someone is willing to pay for it. I do not want to start any arguments about this question but personally do not think it's very cool for someone to post a boat in the for sale forum and try to make a $20,000 profit. I know first hand where the boat was bought and what the buyer paid for it as I talked to the original seller and just talked to the current seller. Current seller said it was too much boat for the current owner (relative) but do know he took it for a sea trial prior to purchasing. He did get a smokin' deal on it in my opinion - $34,900. My belief is he got a great deal and now trying make a huge profit. Current owner has only had it for a month and never has put it in the water since buying it from what I was told. Current price seems steep to me. Let me ask this - If you paid the asking price and found out the seller made a $20,000 profit on you would you be upset? To me this listing is a turnaround sell for profit and trying to sell it here to someone who has a passion about these boats. If it was someone who has had the boat for awhile and actually spent the money on upgrades and used the boat I would have no problem with that. I guess I did not want to see anyone get taken advantage here that belongs to this site.
 
Sounds like their business. Really its none of yours. The seller got what he accepted and the current owner will get what some one is willing to pay. Whats the problem??? let me guess , hes making a profit? Good for him. That is what people do and there is nothing wrong with that. I have bought several boats, cars , motorcycles and guns for a agreed price only to sell if for more latter. There is nothing wrong with that as long as both sides are happy with the price. Unless you are buying the boat its none of your business.

Its like the antique road show. People find all sorts of items for sale at far less then what they are worth and give the seller what the wanted for it, knowing full well they are worth 100x more. Then selling them for a large profit. Boats are no different.
 
Until a few years ago I made money on every boat I bought.

I made some very good buys on boats that didn't sell because of minor issues, and after fixing them (often just a good cleaning) was able to use them for a year or two and then sell them. I did this a number of times, and it allowed me to get to the size and style of boat I really wanted.

And then came the divorce. :roll:

A boat I bought a few years ago was being offered by someone I knew, who had been warned by my ex that I like to "steal" things when I bought them.

Now, I've never heald a gun to anybody's head, simply offered what I could afford (or justify) and they had the choice to say yes or no. I heard a lot of no's for every yes.

So, I have no idea the circumstance of the transaction on the boat in question, but imagine this:

Owner: I really need to sell this boat.
Relative: There's a number of ways you could sell it, and you could probably get $X for it.
O: But I really need money now, and don't want to hassle with it.
R: I would help you out, but I don't think I have $X to play with right now.
O: The dealer down the street said he'd pay me $X-10,000 for it, so I guess I'll sell it to him.
R: Well, if you're really going to sell it for that, I could afford it then. And if my wife doesn't like it I could always sell it.

I have no idea what motivated the seller or the buyer, so the above is purely fiction. But if the seller was accepting of what he got for the boat, based on his circumstances (and if he wasn't he didn't have to sell the boat for that amount) then what the next owner does with it is immaterial.

If the buyer got it for below market value with the plan to sell it, so what? He got one of those rare opportunities to buy low and sell high. And, if as you say, the current price is steep, well, he won't make as much money as he thinks he will.
 
Nick do you complain when you buy stock at $10 a share and retire when it hits $90 a share?? how about your house? I watched a lot of people make good money buying a house for 200k and just painting and cleaning it and waiting then selling it for 300K, hell I still see people flipping homes if they have cash. Its good for everyone.
 
starcrafttom":3uqx2v8g said:
Nick do you complain when you buy stock at $10 a share and retire when it hits $90 a share?? how about your house? I watched a lot of people make good money buying a house for 200k and just painting and cleaning it and waiting then selling it for 300K, hell I still see people flipping homes if they have cash. Its good for everyone.
Click to expand...

Thomas - As I said I am not trying to start any shit here but seems like you are.
Is this your buddy or something? Why so defensive?
Mods you can delete this post if you like. I can see where this is going.
 
Iam not trying to start anything and dont know anyone involved with this boat or the boat. You asked a question and I supplies a simple answer. Not shit starting at all. No implied emotions on my end at all. I am only trying to understand why you would have a problem with someone, anyone selling a boat?? Nothing more. I also was trying to put it in to terms you may not have thought of. We all earn a profit everyday we go to work one way or another. As long as both side are happy and free to except or reject the terms of a deal I dont how its my business , thats all. Please have a nice day and dont think I was attacking you. I have not emotional tie's to this at all, just answering you questions, and I love a debate.
 
starcrafttom":2qhemv3x said:
Iam not trying to start anything and dont know anyone involved with this boat or the boat. You asked a question and I supplies a simple answer. Not shit starting at all. No implied emotions on my end at all. I am only trying to understand why you would have a problem with someone, anyone selling a boat?? Nothing more. I also was trying to put it in to terms you may not have thought of. We all earn a profit everyday we go to work one way or another. As long as both side are happy and free to except or reject the terms of a deal I dont how its my business , thats all. Please have a nice day and dont think I was attacking you. I have not emotional tie's to this at all, just answering you questions, and I love a debate.
Click to expand...

I really have better things to do than go back and forth with you on this and can see this is probably the type work your in, buying and selling for a profit. Good for you. Have a great night.
 
I don't think there will be much of a profit to be made. It might be worth a little more than was paid for it, but not that much. Although, it would make me happy since I have the same model/year with fewer hours, no kicker but otherwise comparable and I paid mid-30's.
 
nickyn99":qdwxnu4f said:
I really have better things to do than go back and forth with you on this and can see this is probably the type work your in, buying and selling for a profit. Good for you. Have a great night.
Click to expand...

Actually, Tom is in the financial business.

You asked the question, and people have answered. Just because the answer doesn't line up with your expectation is no reason to become less than cordial. We all have opinions, and it would be boring if they were all the same.

I get the impression that this bothers you because the current seller may not have the same "passion" for C-Dory's that you do. In the end all boats, and things are commodities.

My folks are working on selling their property, which includes their house, and the plan of the developer was to demolish the house and build many smaller, more affordable homes. I had people ask me if I was upset by the tearing down of the house?

My feeling is- it's just a building. The love and memories are mine, and aren't altered by the house's standing or falling.

So the new owner thinks he may have an opportunity to make some money. Maybe he will, maybe he won't. It's his boat now, to do with as he pleases.

I would guess that you're upset that you missed out on a boat you would have liked to have at a good value, and maybe you don't feel the new owner appreciates what he has?

I posted earlier today about a C-Dory that could make a good project for someone wanting to either own one, or flip one if the shell is sound. I'd have no heartache if the seller accepted a low offer and the buyer flipped it for a profit. The seller can always say no to any offer.
 
starcrafttom":2nr4vhgs said:
Sounds like their business. Really its none of yours. The seller got what he accepted and the current owner will get what some one is willing to pay. Whats the problem??? let me guess , hes making a profit? Good for him. That is what people do and there is nothing wrong with that. I have bought several boats, cars , motorcycles and guns for a agreed price only to sell if for more latter. There is nothing wrong with that as long as both sides are happy with the price. Unless you are buying the boat its none of your business.

Its like the antique road show. People find all sorts of items for sale at far less then what they are worth and give the seller what the wanted for it, knowing full well they are worth 100x more. Then selling them for a large profit. Boats are no different.
Click to expand...

X2 :roll:
 
Oops - Sorry for posting the question and no I was not looking to buy the boat. Less than cordial? I thought I was pretty cool about it.
 
To set the record straight I'm a Real Estate agent, not in the financial end, wish I was. I do not how ever buy and sell thing's for a living, wish I did. I help people find and buy homes that they can afford. Its almost as much fun as fishing, almost. :wink:
 
starcrafttom":2boqcin6 said:
To set the record straight I'm a Real Estate agent, not in the financial end, wish I was. I do not how ever buy and sell thing's for a living, wish I did. I help people find and buy homes that they can afford. Its almost as much fun as fishing, almost. :wink:
Click to expand...

Thanks for the info Thomas.
 
Sounds like their business. Really its none of yours. The seller got what he accepted and the current owner will get what some one is willing to pay. Whats the problem??? let me guess , hes making a profit? Good for him. That is what people do and there is nothing wrong with that. I have bought several boats, cars , motorcycles and guns for a agreed price only to sell if for more latter. There is nothing wrong with that as long as both sides are happy with the price. Unless you are buying the boat its none of your business.

Its like the antique road show. People find all sorts of items for sale at far less then what they are worth and give the seller what the wanted for it, knowing full well they are worth 100x more. Then selling them for a large profit. Boats are no different.

X3 :)
 
mmitchell":3sb9u70l said:
Sounds like their business. Really its none of yours. The seller got what he accepted and the current owner will get what some one is willing to pay. Whats the problem??? let me guess , hes making a profit? Good for him. That is what people do and there is nothing wrong with that. I have bought several boats, cars , motorcycles and guns for a agreed price only to sell if for more latter. There is nothing wrong with that as long as both sides are happy with the price. Unless you are buying the boat its none of your business.

Its like the antique road show. People find all sorts of items for sale at far less then what they are worth and give the seller what the wanted for it, knowing full well they are worth 100x more. Then selling them for a large profit. Boats are no different.

X3 :)
Click to expand...

:lol:
 
Back
Top