The Hull Truth - Boating and Fishing Forum

Go Back   The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > The Boating Forum
Search

Notices

Random Quote: If it smells like fish, its a good dish. If it smells like cologne leave it alone.
Reply
 
Thread Tools Search this Thread
Old 11-09-2006, 01:48 PM
  #1    
Senior MemberCaptains Club Member
 
Join Date: Jan 2005
Location: Mtk
Posts: 1,333
Default Outboard motor- trade in values

I’d like an education about outboard motor- trade in values. I have a pair of 2005 F225’s with about 700 hours. Hopefully (everyone knock on wood for me please) they will last some time. I pulled up the NADA website and it said that each engine is worth between $11,275-$12,670.

Lets say I religiously maintain them and don’t run them hard (computer shows that). In your experience, if I went to a reputable Yam dealer and wanted to replace my engines, would I really get that on a trade in? Or, would it be a significantly lower? NADA doesn’t have an “hours” criteria is calculating the used value. Would the “low retail” compensate for this? Thanks in advance.
rcatena is offline   Reply With Quote
Old 11-09-2006, 02:06 PM
  #2    
Senior MemberCaptains Club Member
 
Join Date: Mar 2003
Location: San Francisco Bay Area
Posts: 8,789
Default Re: Outboard motor- trade in values

Well, since I see our local Yamaha dealer advertising NEW F225's for $12,995, I wouldn't be expecting a trade-in value aywhere near that.

Are your numbers retail or wholesale? Dealers will only use the wholesale numbers as a starting point. Then go down from there.

And those NADA and such books are just GUIDES, not Bibles.

As with ANYTHING that is traded in, you will only get a portion of what it is actually worth. The dealers need to check it out, clean it up, make any needed repairs, and then try to sell it to someone at a fair price. Also take into consideration the fact that there are mooches out there (like me) that will make low-ball offers. Rarely does a buyer walk in fat, dumb and happy and lay-down for the sales guy, so again, the ACV of the traded in item will have to be considerably lower in order for the dealer to make it worth his/her time.

And on the other end of the shell game, I mean purchase, if you have a trade-in, you will automatically be quoted an initial price that is higher than if you didn't have a trade. That way the dealer can make you "feel good" about your trade-in value. In the meantime, you're getting your head ripped-off on the purchase price end.

Good luck!

ABoater is offline   Reply With Quote
 
Old 11-09-2006, 02:19 PM
  #3    
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Aug 2003
Location: Sailfish Capital
Posts: 14,470
Default Re: Outboard motor- trade in values

My mint '04 F115 in June of 05 (276hrs) w/warranty until 09 NADA was $6200ish (I forget exactly) avg retail. Best offer I got on trade (3 dealers) for either a F150 or 150HPDI was $3500, sold on ebay for $5000...
__________________
Mike
http://www.thehulltruth.com/image.php?type=sigpic&userid=17887&dateline=132844  6335

Livin the dream...
Afishinado is offline   Reply With Quote
Old 11-09-2006, 04:36 PM
  #4    
Senior Member
 
Join Date: Aug 2003
Location: Spartanburg, SC
Posts: 1,760
Default Re: Outboard motor- trade in values

You say, that hopefully they will last you some time, but you are asking to get today's figures...I think you'll do well in relative terms due to the popularity of the F225...but expecting current figures to last into the future is setting yourself up for disappointment...
__________________
V20/BF150

reelapeelin is offline   Reply With Quote
Old 11-09-2006, 04:45 PM
  #5    
Senior MemberCaptains Club Member
 
Join Date: Jul 2004
Location: Louisiana Gulf Coast
Posts: 863
Default Re: Outboard motor- trade in values

Trade In values?? You don't want me to get started on how dealers tend to "play" with the numbers to show you a higher trade value than you are actually getting!! I can only speak for some auto dealers, maybe the boat dealers are different. Doc of the Bay
__________________
Doc of the Bay is offline   Reply With Quote
Old 11-09-2006, 09:06 PM
  #6    
Senior MemberCaptains Club Member
 
Join Date: Mar 2003
Location: San Francisco Bay Area
Posts: 8,789
Default Re: Outboard motor- trade in values

Quote:
Doc of the Bay - 11/9/2006 4:45 PM

I can only speak for some auto dealers, maybe the boat dealers are different. Doc of the Bay






They're different alright...

They're WORSE!

Due to the overall lower sales numbers, and the tighter cash flow, quite a few marine dealers frown on taking trades. They'll do it to make a sale, but it'll cost you.

Most would rather that you leave the boat with them on consignment while your boat is being built (if that is the case) or at least until it sells and then you can buy the new one. Of course, they'll get their cut, unless you negotiate the sale of your old boat at no charge as part of the deal (hint-hint). The dealer can still make money off of the new buyers financing (there's that word again) and other aftermarket items, so they won't get hurt.

Trade-ins can be a great source of extra income for a dealership. When they are handled properly.

When I ran a dealership, we had a "cashflow fund" of 200K to cover trades and other revolving occurances. That way, the dealer can keep his flooring account clear for the new boat inventory. When the trade sold, those funds would be replaced. It worked for us.

Not all dealers work that way though.

Good luck!

ABoater is offline   Reply With Quote
 
 
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
TRADE /FOR SALE 15 HP MOTOR OR USE AS KICKER MOTOR WITH TRANSOM MOUNT TRADE? TimW Texas Fishing & Miscellaneous Items -- COMMERCIAL sellers only 2 01-29-2009 05:45 PM
Outboard values on used cc/bay boats dgreenbu The Boating Forum 4 09-14-2008 11:29 AM
Can you trade in an outboard...Yam for an E Tec?? dwilliamsceg The Boating Forum 29 01-23-2007 10:00 PM
1998 Mercury 115: Outboard NADA values Jgstewart8 The Boating Forum 1 04-14-2006 03:03 PM
Broken Motor :-INSERT INTO MESSAGES VALUES ( vikesdude The Boating Forum 7 08-12-2003 07:25 PM

 



©2009 TheHullTruth.com

Powered by vBulletin® Version 3.7.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.2.0