Let the "End of Summer" Sell-off Begin!!

[ourlee]

My thought process is at minimum I will not pay more than 10% of depreciation per year from the current msrp.

so if the boat was 60k Msrp new and it’s now 2 years old. The most id consider paying is 48k used.

when looking at wake boats that usually sell for 10-20% of sticker then I adjust for the normal discount given at sale

I did the same for my RV that I bought used.

@ourlee i would love to see actual sales price. Asking price is just a number on a dart board usually.

I will def share the deal with the team.

 

[B0at1n]

I won’t disclose my final sale price out of respect for the buyer who is a member here, but my pride was not damaged by the sale of my boat. I listed it at a fair price and the seller bought the only used 210FSH I’ve seen advertised for sale lately here or on BT. The market has been crazy this year, supply/demand cares little for people’s personal opinions, and this year there’s someone right behind you waiting to stroke a check.

Your are 100% correct. If I was looking to sell I would be for sure. Looking to buy I will wait till the market is right, I already have a boat. If I didn’t have one and really wanted one, it may be worth the extra money to buy one now.

 

[biffdotorg]

End of year sell off is starting to happen up here as well. I am actually seeing the older vintage boats, 2006-2009 falling back under $20K if not under $15K like they are supposed to be priced.

This trickle down is going to impact these guys thinking they are getting full boat retail on 5 year old boats. I'm so glad the 21's are shipping finally to stop the insanity.

I will share up some links as well. But many are not buying up here, they are shopping for storage now that the leaves are changing.

 

[Enduro900]

2018 242 SE for $50k.......now that’s more like it:

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Btw there are a lot of 242’s/private owner boats on boat trader that have been up for a few weeks so it seems that maybe the market is cooling off.....I wouldn’t think private owners would be leaving stuff up if sold (unlike the dealers listing 2019’s & 2020’s we know are gone but are still up)..

 

[Beachbummer]

M impression....If you look at the list prices of 2007-2009 they seem to be the most down to earth as compared to 2010-2013 24s which are only 3 years newer and list for $10K-$15K+ above the 2009 and earlier. (2012 for $35K 2014 for $44K)

With some 2007-2009s in low 20s, 2010s should be mid-high 20k, not 35k+. Just my take, the whole used market seems super hot and super overpriced, but corrections will come as they always do. The other element is lack of supply, so many buyers are upside-down with the soft financing, that even if they want to sell, they cannot afford to without making a big payment to offset their negative equity, so they remain trapped and demand higher prices. If someone is willing to pay them, the used pricing remains inflated(compared to a 10% annual depreciation, for example)

My 0 cents perspective only.

 

[shnknapp]

Definitely a sellers market. We sold our 1 year old WaveRunners right before the 4th of July for 21k. Within 10 minutes of putting the FB add up, I had 30 people interested and half of them had cash in hand and not mention of offering lower. Had a few even offer more but I had already lined up people to look and wanted to keep my word to them over getting a few hundred more. First guy who looked, bought them and said he knew he was paying too much for them. No supply = huge demand and inflated prices.

 

[HangOutdoors]

It will surge again in the spring and there will be an upswing as a lot more people buy boats who didn't this year, since they didn't get on the band wagon soon enough, especially in the northern states. I can't count how many times people have come up to me outside my house or the gas station or wherever I have the boat with me to ask questions and advice.

I doubt it will surge like it did earlier this summer, since hopefully new boat inventory will be out and moving, but I would expect to see an uptick in used boat prices or at the very least holding to the higher end of the value range.