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Making an Offer on a Ridiculously Overpriced Used Boat

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Making an Offer on a Ridiculously Overpriced Used Boat

Old 10-01-2018, 08:56 AM
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Default Making an Offer on a Ridiculously Overpriced Used Boat

An associate of mine has his eye on a popular-brand 2007 center console. I know the model intimately, as a friend has owned one for 10 years, though his is a 2008. I know what he paid for the boat new. The asking price on the 2007 is $12K more than what my friend paid for his, brand new, back in '09 (it was an '08 left-over). How do you make an offer on a boat with such an unrealistic asking price, without insulting the owner?
Old 10-01-2018, 09:01 AM
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Offer what you think its worth. If it hurts the sellers feelings then that is his issue not yours. If you cant buy it for what you think its worth then move on. Plenty of other boats in the world and there will always be a better deal.

How to get great deals.
1. NEVER meet in the middle
2. Negotiate like your life is on the line
3. Dont get emotionally attached
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Old 10-01-2018, 09:01 AM
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How about saying or writing something like this?

"That's a great looking boat you're selling. I'd love to be the new owner of it, but based on my research, seems like it's not really comparable to others like it. I know at this moment, this might even seem like a low ball offer, but if it ever makes sense to you, I'd like to offer you $XXXX. I mean no offense by my offer, and if you're able to sell it for your asking price, I certainly wouldn't blame you. Keep me in mind, and thanks for your time."
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Old 10-01-2018, 09:02 AM
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Without specifics as to make, model, etc. your post is meaningless.
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Old 10-01-2018, 09:02 AM
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Would you say he insulted you with his asking price? Then insult away!
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Old 10-01-2018, 09:03 AM
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Ask your self this. What would this boat be brand new, right now? Some boats hold a value.
Old 10-01-2018, 09:06 AM
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Is the boat actually for sale or is it a situation where a guy is telling his wife "I'm trying to sell it honey!"?
Old 10-01-2018, 09:08 AM
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Are you basing that it is overpriced only on what your friend paid in 2009?
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Old 10-01-2018, 09:12 AM
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That depends a lot on what boat. And are they all listed for 12k more than your buddy paid? Or just this one? If they're all priced 12k higher, then this is a useless post, 2008 was 8 years ago and a lot has changed in the CC market.
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Old 10-01-2018, 09:12 AM
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Originally Posted by tarpononecharter View Post
Without specifics as to make, model, etc. your post is meaningless.
Agreed....How much a seller paid for what they are selling is irrelevant. All that matters is current market conditions, supply & demand.

As a side note regarding supply, relatively few "new" boats were manufactured between 2009-2012, so the 07-08 vintage is as new as you are going to get if you are looking for big savings. The ones that are out there for sale should be commanding a premium.
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Old 10-01-2018, 09:21 AM
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The price the boat cost new or several years later has no bearing on what it is "worth" today. Most of the updated 2004 and even newer boats are priced higher now than they cost new.
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Old 10-01-2018, 09:23 AM
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Originally Posted by Spacemaker View Post
An associate of mine has his eye on a popular-brand 2007 center console. I know the model intimately, as a friend has owned one for 10 years, though his is a 2008. I know what he paid for the boat new. The asking price on the 2007 is $12K more than what my friend paid for his, brand new, back in '09 (it was an '08 left-over). How do you make an offer on a boat with such an unrealistic asking price, without insulting the owner?
You can't judge the price by that criteria. I can sell my 2003, for more than I paid in 2009.
Old 10-01-2018, 09:26 AM
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i know of a 2014 boat for sale that will easily sell for significantly more than it was new. that is with absolutely zero updates/upgrades since it was originally purchased
Old 10-01-2018, 09:27 AM
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Market price is what's important. Used 2007 xx ft. Yellowfin's are 145k-195k and he is asking 220k..... theres your data....
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Old 10-01-2018, 09:28 AM
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Originally Posted by VTXrider View Post
Are you basing that it is overpriced only on what your friend paid in 2009?

Back in 2009 the economy was tanked and manufacturers were deeply discounting boats.
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Old 10-01-2018, 09:40 AM
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definition of market, what a buyer is willing to buy it for and a seller is willing to sell it for. as for negotiations, you should probably be offering less than what you really think it's worth and then hope to work up to your number. There are a lot of variables that nobody can address without you giving us more info on the boat it'self. for example, was the boat just repowered? if it's got a brand new motor sitting on the back of it, maybe it is worth closer to what he is asking. also, some sellers aren't that motivated, they price high hoping to sell if they can get top dollar but being content to keep it if they can't.
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Old 10-01-2018, 11:20 AM
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Depending on the boat, present market value can be, and often is, higher than original purchase price. Your comment about "popular-brand 2007 center console" all but guarantees the price will be higher than when purchased new (e.g. Contender 27T, Conch 27, CV 29, etc.).
Old 10-01-2018, 11:31 AM
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I won't contact anyone who doesn't list a price or has their boat priced ridiculously high.
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Old 10-01-2018, 11:53 AM
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"I understand that you are trying to get as much as you can, unfortunately I only have $xxxx for a boat. Here's my name and number, if things don't work out for you, give me a call. If I haven't already bought a boat, or my situation hasn't changed we'd be good to go."

I've bought some amazing stuff over the years.
Old 10-01-2018, 12:02 PM
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I have bought some things that were overpriced by offering what I was comfortable paying. I like the low key approach of some of the above posters. Put an offer on a card and tell them to give you a buzz if at some time they are interested.

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