BUC price of Crealock 37

[tom1340]

I hope to buy a boat soon and the PS 37 is looking pretty good. I would like to use BUC boat values as a guide to what I can afford, but their terminology confuses me. They list the average selling price of a 1994 Crealock 37 at $110k to $121k and a 1994 Crealock 37 Voyager at $131k to $143k. Does anybody know how the two models differ and why the Voyager model would be so much more valuable than the Crealock 37?
Thanks for any guidance.
Tom

[arisatx]

Originally Posted by tom1340

I hope to buy a boat soon and the PS 37 is looking pretty good. I would like to use BUC boat values as a guide to what I can afford, but their terminology confuses me. They list the average selling price of a 1994 Crealock 37 at $110k to $121k and a 1994 Crealock 37 Voyager at $131k to $143k. Does anybody know how the two models differ and why the Voyager model would be so much more valuable than the Crealock 37?
Thanks for any guidance.
Tom

Tom:
We had a 2000 PSC37. I think it was an options package - such as all lines being led aft to the cockpit. There's a bunch of good options info on the Cruising Yachts Inc website - brochures, specs, pricing. CRUISING YACHTS, INC. - Pacific Seacraft Yachts in the Northeast The other major decision is if you want the Scheel keel or standard draft. Happy hunting.

[AlLorman]

I would hesitate to use BUC values as a guide. There was a recent discussion about BUC and other data bases on the Sabre discussion board and the consensus of those in the know is that BUC values tends to run low and are often (in my experience) simply off the wall. A much better guide is to ask a broker to run the actual sales prices available only to subscribing brokers on Yachtworld.

Happy hunting.

Al Lorman
s/v Ann West, PSC 31 No. 55

[Mark1948]

While I don't have a lot of experience in buying boats, I found the BUC valuation very helpful in making my offer. It also helped in evauating brokers. Keep in mind that a broker makes a percentage thus the price from them will tend to be inflated. Use the info for its intent and that is to develop a base price to use in developing your negotiations. Key is condition and equipment.

[SecondWindNC]

arisatx has it right on the Voyagemaker designation - it was an options package that included a number of upgrades for cruising, such as ground tackle, roller furling, sail controls led aft, etc. It simplified the options process a little by providing a good baseline to start from, as well as offering savings off of what the options would have cost individually.

Good advice as well on taking BUC values (or any published values) with a grain of salt. There is so much difference between boats in terms of condition and equipment that it's difficult to place a value based on year and model alone. Comparing listings on Yachtworld, or if you can get actual recent selling prices of comparable boats, can be much more useful.

[tom1340]

Thanks to all who commented on my question. Buying a used bluewater boat is awfully difficult, particularly from Oklahoma. The concerns some expressed about the accuracy of BUC values seems to be born out by the wide difference in price they cite for Crealock 37 and Crealock 37 Voyager, which I suspect are essentially the same boat. Still, BUC is apparently the only organization which publishes 'as sold' prices to prospective buyers, and BUC is apparently used by banks for establishing loan values. As a prospective buyer, my only other reference is the list price on yachtworld, which generally does not seem to reflect market price, since (other than a few outliers) so many boats sit unsold for very long periods. I asked the broker of a boat I'm interested in for yachtworlds 'soldboat' pricing. He agreed, but so far...nothing. Anyway, I'm new at this and am trying to learn the ropes.
Tom

[AlLorman]

Tom:

The YachtWorld soldboats function provides all the information you want: when the boat was listed, when sold, original asking price, sold price, even a copy of the listing with equipment, etc. If your broker isn't providing it to you, you might consider finding another broker. I've never bid on a boat without having that data in front of me, provided by my broker.

Al Lorman

[wsmurdoch]

As I understand it, the selling broker enters the sales price into YachtWorld SoldBoat and only brokers can access the site. What is the assurance that the true sales price is entered if neither the buyer nor the seller can see or contest the claimed number? Would it not be in the selling broker's best interest to enter a false high sold price? He could then claim, and show the data, to future prospective sellers that he could obtain higher sales prices than other brokers and thus capture their business.

I found that talking to BoatUS and asking what owners listed as the value of their boats for insurance purposes to be for me the best estimate of the value of a PSC 34. That figure was between the SoldBoat data and the BUC data.

By the way, the value of my boat for property taxes is based on the BUC value, and I am a happy taxpayer.

Bill Murdoch
1988 PSC 34
Irish Eyes

[yzlian]

i bought a 1993 C37 with voyager package a couple of years ago, and think that the BUC prices quoted are about right.