Am I being taken

[Saltypup]

Not sure where to post, or if this allowed, but have a question.

I have a Stingray 1998 180RS with the 3.0L, 135HP. I am selling it and had a guy offer 5M w/o even taken it out. NADA for average condition is around 5,700 (5M if not running). I said I would take 5,500 and he is baulking.

I would say boat is in average condition. Did have an issue earlier with the thermostat, but that has been repaired (thanks to this forum) and running fine.

This is not an ad, simply a question if I am thinking the boat is worth more than it is. Geez, as I read what I am posting, damn I feel like he is trying to screw me.

 

[45Auto]

Re: Am I being taken

Never seen NADA values that listed "not running". Wish I knew where those NADA guys can get a whole engine replaced for $700!

 

[arks]

Re: Am I being taken

It depends on how bad you want to sell. The market is down now and you're lucky to get an offer at all.
Just my opinion.

 

[tashasdaddy]

Re: Am I being taken

you don't say where you are from. but with things as they are, there are going to more boats on the market, i would take a bird in the hand, may be a year before you sell it. people are watching their penny's. also being a 3.0L is a negative for that boat. people want 4.3 if the know what they are doing.

also NADA values are not totally accurate. i've never paid NADA for a boat.

 

[Stuff4Toys]

Re: Am I being taken

If you are not in a hurry to sell your boat, WAIT. The season (at least in the north) has not even started yet. Hold out until at least late April or May or even early June.

Open Bow Run-A-Bout boats are always in demad. With the slow economy, more people will be looking for NICE used (cheaper) boats and the demand will be high. You will probably get everything you are looking for and may even get a bidding war.

JOhn ><>

 

[Saltypup]

Re: Am I being taken

Not sure if people expect this, but the price also includes a trailer. 2001 Magic something that is in fine shape. No customer paint, just the galvanized type. Boat in in the SE.

Here is the NADA info on pricing.

"Value Explanations

Prices shown are retail consumer values and to be considered as selling prices. Trade-in and loan values are confidential for our dealers and industry base subscribers. Trade-in values are to be determined by local dealers and are generally lower than values shown.

Low Retail Value ? A low retail valued boat will show excessive wear and tear either cosmetically and/or mechanically. This boat may or may not be in running order. The buyer can expect to invest in cosmetic and/or mechanical work. Low retail vessels usually are not found on a dealer's lot. Low Retail should not be considered a trade-in value.

Average Retail Value ? An average retail valued boat should be in good condition with no visible damage or defects. This boat will show moderate wear and tear and will be in sound running condition. The buyer may need to invest in either minor cosmetic or mechanical work.


Note: Vessels in exceptional condition can be worth a significantly higher value than the Average Retail Price shown. "

I think I will just wait for a better offer. It is all paid for and I am not in a position where I have to sell.

 

[tmh]

Re: Am I being taken

How can a potential buyer "screw you"? He either buys it for what you are willing to take or he doesn't, simple. It's not up to you what someone else wants to pay so stop being offended and be realistic. IF you feel you can get more, simply say no, not at that price. There is nothing wrong with any buyer offering whatever he wants to pay for anything! It's an offer, nothing more.

Someone asked where you are located but I didn't see a reply. Different areas have different boating seasons of course so that can be a big factor.

Use the 3.0l engine as a selling point on low gas usage. Not everyone cares about (knows about?) wanting a 4.3l in that boat, especially being a singray which is maybe has the best hull for the 3.0 around. "Sips gas" sure sounds better than "underpowered"!

Good luck.

 

[tashasdaddy]

Re: Am I being taken

come into reality. NADA Values for boats and motors, is absolutely useless. i have seen boats sell for $10,000 more, and a lot less, it does not take into consideration, seasons, location, or the economy. it says my motor is worth $150.00 i could easily sell it for $1,000. it has said some of my boats are worth $5,000 more than the market will bring.

either take the offer, or sit on the boat until you get a better one. that is the gamble of selling anything.

you may sell it tomorrow for your price, or you may sit on it for a year, and end up selling it for $1,000 less.

 

[Mike_V]

Re: Am I being taken

Take the money, don't get bogged down over $500 or $700.
The boat is now 10 years old and the market is flooded.
The customer was willing to buy it without a test ride?
Take his offer and get on with what ever you are going to do with his CASH.

 

[jaxnjil]

Re: Am I being taken

come into reality. NADA Values for boats and motors, is absolutely useless. i have seen boats sell for $10,000 more, and a lot less, it does not take into consideration, seasons, location, or the economy. it says my motor is worth $150.00 i could easily sell it for $1,000. it has said some of my boats are worth $5,000 more than the market will bring.

either take the offer, or sit on the boat until you get a better one. that is the gamble of selling anything.

you may sell it tomorrow for your price, or you may sit on it for a year, and end up selling it for $1,000 less.

^^^^^^^^^^true true
i have been watching used boat prices for the last 3 years on the net trying to get a feel for what is fair pricing and have found in almost all cases nada is vastly under priced for a nice clean boat and trailer combo. i look at there prices more as lending or bottom line price. in most nada priced boats LOOK . something is wrong with the boat. i have come to the conclusion the fair price for a boat isnt how much it costs to buy but how much you dont have to spend after you buy it
you have to decide how bad you need to get rid of your boat. how much its going to cost you if you want replace it . are you selling to upgrade or getting out of boating. if you dont sell it will you use it and get return that way. will it set and weater and become worth less. are you paying payments and storage.
way to many variables for us to advise you. only you know the answers.
if you dont feel good about the deal now do you have time and resources to wait for a better offer?

 

[tmh]

Re: Am I being taken

jax, watching prices - is that what they are LISTED for or actual sale prices? other than eBay how would you know the sale price?

Obviously, a maticulously maintained and appearing boat will fetch a much better price WHEN the right buyer comes along! Many buyers will not pay up much for condition, just looking at size, make and engine. however, I sure would pay up a bunch for excellent condition.

 

[Scaaty]

Re: Am I being taken

I learned a long time ago. When someone is in the driveway with cash...TAKE IT.
Ya know what I would do? Knock off another $200 to $4800 for saving you the trouble on firing and a ride...seal the deal and run. Its only money..

 

[tashasdaddy]

Re: Am I being taken

i paid $150 for this one today, 50 hp merc. stringers, and deck and cap already redone.

 

[oops!]

Re: Am I being taken

heh heh heh.......im from canada....

my friends tell me the us econemy is down.......

so im just waiting a few more months till i take a trailer and fill it with 98

stingrays......ill buy them for 1700 each and sell them for 4500.

what did you say your address was.......

 

[jaxnjil]

Re: Am I being taken

jax, watching prices - is that what they are LISTED for or actual sale prices? other than eBay how would you know the sale price?

Obviously, a maticulously maintained and appearing boat will fetch a much better price WHEN the right buyer comes along! Many buyers will not pay up much for condition, just looking at size, make and engine. however, I sure would pay up a bunch for excellent condition.

to answer the last part of your qutote first; that is what i ment when i said the price of the boat isnt so much what you pay but what it will cost after you buy
if you watch e-bay craigs list and other sights long enough you get a pretty good feel for what is going to sell and what isnt.
its not uncommon to see the same boats coming up over and over again.
asking price is just that but allmost every boat that i have seen at or near nada had problems that would cost more to fix than what you find in the same boat that didnt.
to answer your question you would have to low ball every add you saw to find out how much the person selling it would take for it. something i dont have time for.
the question was am i being taken? if you knew in the last year, 5 boats close to what your boat is, were advertised for $3.00 each and you ask $6 your not likely to get far selling yours. if on the other hand your asking $2.50 and get offered $2 ya your probably being taken.

 

[Saltypup]

Re: Am I being taken

You guys are right!

Stop the f...ing complaining. Either take the offer or not! Move on with life.

Part of frustration is not knowing (like you would with a car) what is a fair price.

I don't want to screw someone and I don't like to be screwed.

As mentioned the boat is in the SE, specifically NC and soon to be in SC. Boating season is just around the corner, so will keep up for sale and use it till then.

Bon Voyage.

 

[Kachadurian]

Re: Am I being taken

^^^^^^^^^^true true
i have been watching used boat prices for the last 3 years on the net trying to get a feel for what is fair pricing and have found in almost all cases nada is vastly under priced for a nice clean boat and trailer combo.

You are making a classic mistake. You are assuming that the prices your see are the prices these boats sell for. You can ask anything on the internet, but no one posts the final selling price.

Underpowered boats like the one the OP is selling do not move at all. It's bad advice to suggest that he hold. In the year it might take him to get $300-500 more we could have an use the $5,000.

Tom

 

[Frank Acampora]

Re: Am I being taken

Do you realize how difficult it can be for a private seller to sell a used fiberglass boat? I have seen some sit for years. However, if you truly feel the buyer is trying to lowball you then you will always kick yourself for selling it so you may be better off holding it for the NEXT ten years.--As it continues to depreciate to a 500 dollar boat. Unless your boat is one of those always in demand hulls--and very few are, take the money and run.

I have looked at a lot of used boats and it was, and still is my opinion that MOST sellers have an overinflated idea of the value of their boat. They let emotion into the equation.

But think--500 on a 5000 boat is only 10% and how fast would you **** it away?

The buyer is there, he wants the boat, so try for a couple of hundred and offer to throw in the first tank of gas. If he still balks, give it to him with a dry tank and no coast guard equipment. That's my humble opinion.

 

[oops!]

Re: Am I being taken

id suggest frank and the boys are right.........

sell now for 5 k.....someone said ..."a bird in the hand".....

if you dont sell it now......it may sit for three years....and youll be back on this forum...asking if 3 grand is fair...!!!!


or you could hold off till the econemey gets worse...the market will be flooded with 2000 boats ...and ill bring my semi....!

 

[Saltypup]

Re: Am I being taken

SOLD! $5,500

Thanks all for input.