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Posted: Wed Jan 27, 2010 11:06 am
by Paul - SW Ontario
Now that is exactly the approach that I take too...

looked at it the same way for all the years I raced stock cars & modified s.

:D

Although...thankfully to date, each & every race car I have built & raced...& each boat I have owned had been sold for every dime I've had into them....

Of course without my labor....which is the trade off for the fun!

Posted: Wed Jan 27, 2010 12:00 pm
by chauzer
I've had mine for sale for the last 6 months. I've had a few calls but the problem with trying to sell a boat during the winter months up here is nobody wants to do anything until spring. allot of guys with boats for sale won't even list them until the end of march but then the price goes up. I'd be willing to bet if you look again around march or April the market will have allot more boats.

Posted: Wed Jan 27, 2010 10:31 pm
by jimbo36
ready123, FYI as a member of the Ontario Marine Oprerators Association (OMOA) and Harbour Master for the City of Belleville (Bay of Quinte) I can say all reports confirm the larger used boat market is very active and out selling the new boat market considerably in 2009 and it is expected to continue for a while due to most manufacturers reduced production. And yes, new larger boats are selling as well. Boat builders are having difficulty getting parts and componants, that are out-sourced, for their products. Windshields, for example, are back ordered. The President of Regal Boats spoke to our organization at our conferance in December and said they have product that can't be shipped to dealers because they lack componants. In the Harbour I operate, I have had 6 seasonal boaters confirm they have sold their boats and have bought (or are shopping for) their new/used boat. Bigger of course. We also have a waiting list for our seasonal boat slips.

Posted: Wed Jan 27, 2010 10:57 pm
by ready123
jimbo36, my point is that the older used boats (35+ yrs) are not selling as well as they did, the volume has shifted to 10-20 yr old boats. My reasoning for that is that the lower $$ investor has stopped buying.
Am I wrong in that?
One boat store I know primarily buys boats in Detroit/Michigan and brings them back to Ontario to sell.

Posted: Wed Jan 27, 2010 11:08 pm
by prowlersfish
No boats are selling as well 100 years old or new or anything in between. I hope things are sarting to turn around , One marina told me people are putting money in to the ones they have Lots $$$ .

Posted: Wed Jan 27, 2010 11:24 pm
by ready123
prowlerfish,
I'm talking about Canada... things have not slowed down up here the way they have in the US.
Nov/Dec seemed to be the start of increased retail spending up here.

Posted: Thu Jan 28, 2010 4:05 am
by alexander38
retail spending went up down here too in nov/dec. what's going on now folks aren't going after big ticket things.

Posted: Thu Jan 28, 2010 6:47 am
by prowlersfish
Michael , the form post was about prices from some one the us so thats what I am talking about . I have noticed that trojans seen to go for more over the border (in USD ) use to be alot more

Posted: Thu Jan 28, 2010 9:09 pm
by jimbo36
Michael, Yes, I agree with you on this. Average buyers are unable to see the value in older boats. They seem to have a mental block over the age factor. More knowledgable buyers know to look at condition over age. but they are few and far between and want a great deal. I do think our boat market is much stronger, overall, then in the US. The problem with buying in the States is exchange, not too bad today but unless you pay today, it could cost more on closing. Then there is the 13% taxes. I spoke with other Brokers in Ontario since my last post and they report a lot of action from the Toronto Show. There is no doubt the used market will remain active particularly if the Manufacturers are not building. Question is, what will happen to values. Let's not forget, our old Trojans are still worth close to what the original owners paid back then. Can't say that about too many other toys, can ya? Jimbo36

Posted: Fri Jan 29, 2010 7:02 pm
by guglielmo6160
this topic took a turn into a different direction, I was strickly talking about the market of the older Trojans, and the fact that at least where I live, be it summer or winter, does not make one bit of difference,and I would think its my boat, but I have been in contact with other boat owners, some are asking ridiculous prices, but the fact is they are NOT selling for those prices,not even close,
so the bottom line is I paid lets say 10 grand for a boat, put lets say another 6 grand into it, and its worth, lets say not even 5. I kinda have to agree with the one member who says you have to look at it like an expense not an investment,
but investment is Way off tarket, I was thinking to at least get a fair market value, at this point it makes NO sense to sell it, at all. that was the point of my topic

Posted: Fri Jan 29, 2010 8:19 pm
by LSP
Bill ...are you still in the market for something larger>? ....or decided to wait until the market changes (if it happens) and you sell yours?

Posted: Sat Jan 30, 2010 8:13 am
by guglielmo6160
LSP to answer that question,,,,,Im def always looking for a larger boat but as I keep saying, cant get past the fact that I basically have to give my currrent 31 away,
makes no sense, because there isnt anything out there near what I would get a larger boat for , even a boat which needs engine work etc, which is my profession, seems strange,
but true, mine is turn key ready to go, and cant give it away,,lol
so I guess Ill keep her as it is a really nice boat

but if anyone near my area wants to swap out a larger boat, for mine,,, be my guest and contact me, even if that boat needs some work, thats fine by me, LOL but I think those days are gone, there was a time not to long ago, about 5 years or so that,, that was a very do able thing to do. thats how I got my current boat, by buying and selling smaller boats until I got to this one, but now,,,,,,,,,,,,,,,,,, fagetabout it,,,,!!!! as we say here. Peoples arms got real short lately.
I have been buying and selling stuff for a long time to make some extra money for a while, as I am in the auto business. YOu cant give stuff away now its strange. But for some reason I still see really high prices on things that people are trying to sel. I mean its like the sellers dont have a clue that prices have to drop to move things in the economy. Its all realative, if everyone lowers, including the buyers and sellers, it all works out, but dosent seem to be working that way, in particular the marina fees, they seem to always go up,
I was threatened last week with having my boat hauled and put a lean on , beccause I didnt pay the 500 bucks that was due last week, as I was away in Argentina for a month for the holidays with my wife, and it slipped my mine to pay the marina, so I got a call and thats what they told me, so I had to rush a check over there right away. And Im a good customer, believe me. I brought in at least two other members there last season and thats the way I was treated. Kinda sucks, but thats the way it is. Then they have the balls to charge a ridiculous ammount for electriciity during the winter for a small ceramic bilge heater that I use in my engine compartment just to keep it above 32 degrees and last months bill was 200 bucks,
for one small heater, which I find hard to believe, considering I use less than that in gas and electricity to operate my entire house last month , which I had 4 poeple living in while I was away,,,. MMMMM interesting

I gotta tell ya fellas their making it real hard for me to keep enjoying boating as a working guy,,,,
so sorry about the mispelled words and the grammar as I am a little ticked off,,,lol
but thats life

Posted: Sat Jan 30, 2010 12:04 pm
by prowlersfish
The market is down But every one wants top $$$ for what they are selling . But everyone buying thinks they should buy at Penny's on the dollar


If I sell at a loss and buy at someone Else's loss its a wash . some times thats what you have to do .

Bill tell you want I will do I will give you your 10k for your boat and you give me 55k for mine , hows that ? ( ya you put 6k in it so what I put 25k in mine the last year)

Or you sell yours for 6k and buy mine for 40k ? See what I mean ?


You spend 6k on your boat what value did it add to it ? of the 25k I spent maybe 7k spent added value to it ( and not 7k worth)
repair rarely add and value . but broken things take away

Posted: Sat Jan 30, 2010 12:13 pm
by MTP
prowlersfish wrote:The market is down But every one wants top $$$ for what they are selling . But everyone buying thinks they should buy at Penny's on the dollar


If I sell at a loss and buy at someone Else's loss its a wash . some times thats what you have to do .

Bill tell you want I will do I will give you your 10k for your boat and you give me 55k for mine , hows that ? ( ya you put 6k in it so what I put 25k in mine the last year)

Or you sell yours for 6k and buy mine for 40k ? See what I mean ?


You spend 6k on your boat what value did it add to it ? of the 25k I spent maybe 7k spent added value to it ( and not 7k worth)
repair rarely add and value . but broken things take away
you lost me but that is ok

Posted: Sat Jan 30, 2010 12:41 pm
by prowlersfish
MTP wrote:
prowlersfish wrote:The market is down But every one wants top $$$ for what they are selling . But everyone buying thinks they should buy at Penny's on the dollar


If I sell at a loss and buy at someone Else's loss its a wash . some times thats what you have to do .

Bill tell you want I will do I will give you your 10k for your boat and you give me 55k for mine , hows that ? ( ya you put 6k in it so what I put 25k in mine the last year)

Or you sell yours for 6k and buy mine for 40k ? See what I mean ?


You spend 6k on your boat what value did it add to it ? of the 25k I spent maybe 7k spent added value to it ( and not 7k worth)
repair rarely add and value . but broken things take away
you lost me but that is ok
where did I lose you ? My point is Bill paid 10k sent 6k on his boat and I guess he thinks he should be able to get 16k or he is giving it away . at least thats the way I read it . In a down markit you may have to take a loss , but if you buy somthing at some one else's loss it can make up for your loss .