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Old 07-04-2013
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Re: "You make your money buying the boat, not selling it."

Quote:
Originally Posted by mark2gmtrans View Post
...You shop around and purchase a boat at 30%-50% below its real value and when you sell it you can sell it at 20% below its real value and come out ahead...
Once in a great while someone needs to unload a boat extremely fast and will accept a low price. But it's very rare, and if you're looking for a specific make or model of boat, the odds if finding that boat for 30-50% below market value are extraordinarily low. It's really a fallacy to think any boat can go for 50% below its "real value." Unless the owner is truly under duress, why would he accept 50% below market value, unless he knows there's something fundamentally wrong with it? Why not wait a little longer for someone who will pay its real value?

When a boat sells for any price, it becomes a data point for the boat's real value. If you think you got a boat for 50% of its "real value," then as soon as the sale is logged on soldboats.com, its "real value" for future sales of sister ships has dropped for future purchasers.
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Formerly posted as "RhythmDoctor"
1998 Catalina 250WK Take Five (at Anchorage Marina, Essington, on the Delaware River)
1991 15' Trophy (Lake Wallenpaupack)
1985 14' Phantom (Lake Wallenpaupack)
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