prices |
Post Reply | Page 12> |
Author | |
tg
Guest |
Post Options
Thanks(0)
Posted: August-29-2005 at 1:49pm |
wow talk about opening up a can of worms.... the point of the thread was an opinion on where i thought cc fan market prices are its pretty obvious that everyone puts a value on their boat at the point of purchase or sale of course its up to the market, buyers, and sellers to determine final price.. we love cc's for the last 30 years we've always had at least one....the message is clear, let the buyer beware.
|
|
Bill336
Senior Member Joined: October-12-2004 Location: United States Status: Offline Points: 106 |
Post Options
Thanks(0)
|
Think of depreciation also. No, owning a boat is not an investment, at least in the usual sense. I bought a 78 American Skier that is still in the restoration stage for 650. Barring any major engine work, I'll have about 1500-1800 into it when it's done. If I use it for 3 years and sell it for what I have into it, I'm out gas money. Buy a 7000 classic and sell it 3 years later for 5000, and you're out 2K + gas. Buy a 50K ski boat, use it for 3 years and you'll realistically sell it for 38K or so. Figure that 12K ding into the cost of boating, and a well taken care of or restored older boat is a bargain. Some won't see it that way, but you don't have to sell it to them.
|
|
80nauts
Groupie Joined: March-19-2005 Location: United States Status: Offline Points: 93 |
Post Options
Thanks(0)
|
You can't get any quality Ski boats for cheap. I feel like these old SN's increased in value when the industry started selling $50,000 - $100,000 ski and wakeboard boats. You either go cheap with an older ski boat or pay the really high price even though it seems like cheap is a bit pricy.
|
|
jbear
Grand Poobah Joined: January-21-2005 Location: Lake Wales FL. Status: Offline Points: 8193 |
Post Options
Thanks(0)
|
Dixielegger: Can't e-mail you. Compu crash while we were in TN and lost all my addresses. Yours is not listed in your profile but mine is. So e-mail me so I'll have yours and we can talk.......jbear
|
|
Dixielegger
Newbie Joined: August-23-2004 Location: United States Status: Offline Points: 10 |
Post Options
Thanks(0)
|
jbear,
Good to hear from you. Got your email but it was mistakenly deleted (my daughter likes to keep the inbox tidy) and I had no address to send you a reply. Did I mention how much I miss that boat? Email me. Rick |
|
'97 Nautique in SC
|
|
65 'cuda
Platinum Member Joined: July-12-2005 Location: Cincinnati, OH Status: Offline Points: 1091 |
Post Options
Thanks(0)
|
some of the guests on this correct craft fan forum in the genaral discussion section are just ridiculously out of touch with reality
|
|
jbear
Grand Poobah Joined: January-21-2005 Location: Lake Wales FL. Status: Offline Points: 8193 |
Post Options
Thanks(0)
|
Dixielegger; I'm the guy who was lucky enough to get your '80. I have e-mailed you trying to keep you up to date on it. Glad you saw the post about it winning at Orlando. I get LOTS of compliments on the boat whenever we have it out. I have been offered more than I paid, but will not sell. I always tell people that I appreciate their compliments, but that I bought the boat in the condition it is in now. I haven't put anything into it execpt oil and gas. Also put on a bimini top for the wife. I LOVE the boat, the looks and the sound and am so glad you sold it to me. Thanks again. Hope you enjoy the '97, I'm sure you will, I had a '98 and liked it quite a bit. But you can never match the classics!....jbear
|
|
79nautique
Guest |
Post Options
Thanks(0)
|
Well there are nautiques
then you have a bunch of other crap that want be as good as a nautique. |
|
stang72
Platinum Member Joined: July-31-2004 Location: United States Status: Offline Points: 1608 |
Post Options
Thanks(0)
|
The value is your's to be determined!!! Your having some fun right!Imagine the dollars lost on 50,000 + new air Nautique the day it is taken off the lot!
79nautique...not all boats are equal right!!! |
|
trikeaholic
Senior Member Joined: August-10-2005 Location: United States Status: Offline Points: 163 |
Post Options
Thanks(0)
|
I had to PAY for my 80. I had to drive 18 hours round trip to get it. The owner came down $1000 because it wasnt running right, and I had to immediatly dump $600 into it. It is in AVERAGE condition, solid as a rock but has dings and dents, couple tears in the 25 year old interior, crappy carpet and a grimy engine. BUT I am happy. I think that when all is said and done, I will haave more into it than its worth, and that troubles me a little bit. I can live with it though. In my other hobby off road 3 wheelers (remember them?) I have 10 of them, some restored, some original unrestored nice ones. Sometimes you get lucky and have less in them than they are worth, and other times not. Its a hobby and hobbies and activities cost money, thats the way it is.
|
|
79nautique
Guest |
Post Options
Thanks(0)
|
May be its just me but you have to have an orginal low hours boat in above average condition or restored it and have the motor screaming with the deep exhaust note blair'n,
otherwise you are trying to B_ll S_i_ the price to match the guys that have done the home work and know what they are doing and spent the money so that when you sit down in the drivers seat, it fires and puuuuuuurrrrssssssssssss with the twist of the key every time, |
|
stang72
Platinum Member Joined: July-31-2004 Location: United States Status: Offline Points: 1608 |
Post Options
Thanks(0)
|
I think we all are assuming asking price is a starting point...however,asking prices are up and they are selling at higher prices as well! I have been watching the market for about 4 years...nation wide searches and ebay...there has been a change upwards.Still the values are there...I think there is becomming more and more interest in the older boats. Again...like the 60's and 70's muscle cars...seems to be following that type of trend.
|
|
Darrel
Guest |
Post Options
Thanks(0)
|
One thing that hasnt been mentioned yet is that you are only seeing the "asking" price. Most buyers and sellers go back n forth with bid and counter proposal before a deal is agreed upon. The family i bought my SN from came down $1000 and i drove away with it. Some boats really are overpriced, I drove 400+ miles from Los Angeles area to San Francisco area to buy a SN. I really wanted to buy this boat, it was everything i wanted (condition in/out, hours, colors, engine, trailer...everything).But the owner did not want to negotiate anything. His boat is still for sale after 15 months.
|
|
82tique
Senior Member Joined: June-04-2004 Location: United States Status: Offline Points: 339 |
Post Options
Thanks(0)
|
Randall-
can't help but notice that your boat is registered in Alabama....you must get a lot of heat from all those Tide fans who hate the 'big orange'....as for myself I think that boat should be a member of the Vol Navy!! -82'tique Univeristy of Tennessee Alumni |
|
randall
Guest |
Post Options
Thanks(0)
|
That isn't 4 seperate offeres for $9,000. But, the discussions have gone that high. I lost count of how many people say "If you EVER think about selling the boat, call me FIRST".
My favorite question I receive is "Did you buy it new?" I say, no, that would have been hard.....I was 3 YEARS OLD then! |
|
stang72
Platinum Member Joined: July-31-2004 Location: United States Status: Offline Points: 1608 |
Post Options
Thanks(0)
|
There you go...a picture worth 9000 words! 4 people who would pay the price! Demand!!!
Who would not want a boat with that kind of charactorRetro funky 70's style! BTW...that thing would for sure look nice docked next to my green and yellow 72 stang! People ask my buddy (who owns an air nautique)..." what's the morgage on that thing ? " I get asked...What's in that thing?...where did you find that?...what year? Are those colors orininal? Demand...you can't by a new one like Randall's 73. And condition plays a major roll... a lot of people will tend to pay quite a bit more for pristine condition!!! |
|
S.T.
Groupie Joined: June-04-2005 Location: United States Status: Offline Points: 56 |
Post Options
Thanks(0)
|
Randall,
I LOVE your boat. It is one of the nicest-looking fiberglass boats I've seen. I wouldn't buy it though because I couldn't bear to put a wakeboard tower on it! |
|
Dixielegger
Newbie Joined: August-23-2004 Location: United States Status: Offline Points: 10 |
Post Options
Thanks(0)
|
John...I'll give you $950 for it!!
Just kidding! Lucky dog! |
|
'97 Nautique in SC
|
|
randall
Senior Member Joined: July-30-2004 Location: United States Status: Offline Points: 123 |
Post Options
Thanks(0)
|
Demand is there. I have about 4 standing offers for my 1973 Mustang - literally. Highest ~ $9,000. I agree with many of the replies. My boat was some of the best money I have ever spent. I have a great boat that is going up in value and I can look forward to my kids growing up over the years skiing and enjoying it. I like the boat more as time goes by. I get complements everywhere I go with it. But, I am not afraid to spend money on it to keep it in perfect working order. The owner of a Correct Craft dealership in state told me it was too small for a family and was just a lawn ornament now...HA!
I put a new ACME prop on this winter and it is ripping skiers out of the water. I couldn't be happier with it. Now GAS prices are really hurting now! Picture included. |
|
stang72
Platinum Member Joined: July-31-2004 Location: United States Status: Offline Points: 1608 |
Post Options
Thanks(0)
|
Dixielegger...you have touched on a very good point!The learning experience gained from the labor you put into in the rebuilding process is invaluable!!! The main reason we bought the classic was to "learn"...myself and my sons!We have completly removed engine and parts and are learning how everything works!Hands on !!! And it's fun turning a wrench!
Moparstang 72 mustang for $900.00...way to go man!!!I have a 72 also...It is a ball to run!!! |
|
72moparstang
Newbie Joined: August-19-2005 Status: Offline Points: 3 |
Post Options
Thanks(0)
|
I found a 72mustang on ebay got it for 900. the guy tried to get it running for three years with no luck telling me it needed an engine. Well thanks to this great forum I found he had the wrong firing order. The boat was in the water the next day. Its in great shape and the kids love it. I don't have the heart to send him a pic of the kids tubing behind it.
John |
|
Dixielegger
Newbie Joined: August-23-2004 Location: United States Status: Offline Points: 10 |
Post Options
Thanks(0)
|
WOW! What a good subject to get folks talkin (almost as good as discussing current gas prices)! I have to agree with Stang to some degree. By the way, my signature says '80 Nautique but as of January it's now a '97 Nautique (which I bought local, less than 300 hrs, and paid well below book value). The '80 was a great experience rebuilding from the ground up, and although I only broke even money wise (which by the way to the originator of this topic, I sold the boat on this site, at higher than book value, in a matter of a couple of weeks), I gained a vast knowledge of the inner workings of the speedos, guages, prop shaft/seals, structure, etc. that cannot be found in some book and still used on the newer Correct Crafts. That experience has helped me understand how to properly maintain and repair my '97. I really did'nt receive the satisfaction of the work I put into the '80 project until it appeared as the featured boat (June?) on this website along with the comment "the boat took 1st place in it's class at the Sea World reunion" earlier this year. Man, did I feel like a proud papa. It was at that point that all monetary value went out the window. I miss all that hard work!
|
|
'97 Nautique in SC
|
|
reidp
Platinum Member Joined: December-06-2003 Location: Mooresville, NC Status: Offline Points: 1804 |
Post Options
Thanks(0)
|
Wow, great thread! I don't think they're any sides to be taken here, because nearly everyone's an enthusiast and/or owner. Our own little band wagon. But I have seen a few used boat prices lately which I thought were a little high compared to the current market, which tg might have originally been saying. BUT, I'm certainly not complaining, and not that tg really was either. And as a matter of fact, I think we should all hope that the sellers get the very highest price possible no matter how crazy it might seem to some. I'm sure it's not news to anyone, but the higher the potential across the board sale prices, then the more interest there is in restoration and thus further preserving the breed. Has anyone noticed what the old 60-70's Donzi's are going for? It's hard for me not to want to share the news of a great, i.e, cheap deal, when in reality I need to keep my mouth shut or if anything inflate the purchase price. This passion here is great.
|
|
stang72
Platinum Member Joined: July-31-2004 Location: United States Status: Offline Points: 1608 |
Post Options
Thanks(0)
|
BKH...that is often the case...might lose $ on the project...If I want to make money, I invest in realestate!Your right...it is all in the enjoyment of the whole process!
However,there are some project boats out there that if a person does the labor and not hire it out ...you can flip and make some cash!A 78 Nautique(needing stinger work and floor) went for under $1800.00 a few weeks ago! Ebay. An example of a good project deal...Last year we purchased a 1962 classic with cc trailer on ebay for under $700.00.People don't want to drive too far to take a chance.I know some of the members saw that one! Turned out , that the boat was in exc. condition with the exception of the engine siezed on the lake...broken rod connector.We are almost finished with the rebuild and will have about $2500.00 into it incuding the purchase of the boat and trailer ...There is a1962 classic for sale now (on this website)for 6900.00.I think we gained some equity! Projects may be the best deals out there!And you learn so much! |
|
bkhallpass
Grand Poobah Joined: March-29-2005 Location: United States Status: Offline Points: 4723 |
Post Options
Thanks(0)
|
Agreed, the Camaros, Cudas, Mustangs, etc. that I could buy in high school for a few thousand can now go for 20-25K or more, and most cost less than 10K to begin with. Older boats are enjoying the same appreciation because of demand. However, I have a buddy for example who spent almost 120K making a show quality 32 Ford Coupe. The car is only worth about 80K on the open market - not unusual. Similarly, guys buy brand new 40K 4WD trucks and put 20-25K into lifts, wheels, chrome, whatever. Yet, they can't get the money out of them. That's my point. Add up your labor, and costs, often you'll sell at a loss. Still well worth it if you enjoy the hobby, and enjoy the boat. BKH |
|
Livin' the Dream
|
|
stang72
Platinum Member Joined: July-31-2004 Location: United States Status: Offline Points: 1608 |
Post Options
Thanks(0)
|
Whoops...type-o. Prices are not going to head down!
|
|
stang72
Guest |
Post Options
Thanks(0)
|
Well...take a look 60's and 70's muscle cars...they used to be dirt cheep , but no longer so.An older inboard is like an old hotrod...we do have as much fun fixing them up as using them.There is a demand!!! increased demand=higher prices(economics 101)
There are still some deals out there,but finding one ,is harder today than it was 5 years ago.The great deals are most likely sitting in someones garage because they never use it any more.so...you could wait a couple years to find a turn key CC for cheep...or fork over the $2000.00 extra now and start having fun!!! Prices are now going to head down! |
|
mackwrench
Senior Member Joined: February-25-2005 Location: Gone Status: Offline Points: 190 |
Post Options
Thanks(0)
|
Wow did I miss something? You mean I was doing this as a "investment"?? Man, and all this time (and money) I was doing it for fun. LOL
I really enjoy these 40+ y/o boats. I expect mine can make another 40 years. If anybody thinks it's not a good value, take a look at ALL the boats being built today, 40 years form now you think there will be a "baylinerboatfan.com" forum? While I am sure I have too much loot in my CC, it was some of the best money I have spent. I don't think many here are doing this for a living or for profit. I don't think anybody here got upset because tg is concerned that the market is where it is today, but all of us know what these old tubs are worth to each of us and its different for everbody. While I'll say mine is'nt for sale, I would just have to replace it with another! and I am someone who if wanted could go out and get a new one, but the one I have is cool with me...... just my .02 cents |
|
NO LONGER A MEMBER
|
|
bkhallpass
Grand Poobah Joined: March-29-2005 Location: United States Status: Offline Points: 4723 |
Post Options
Thanks(0)
|
Hey 79, Just being objective, it seems likely that if you put a lot of time and money into an old boat, you're likely to sell it at a loss. No different than building an off-road truck, or a hotrod. You usually (not always) end up taking a loss. You do it because you love doing it, you get a lot of value out of doing it, and you get a lot of value out of using and showing off your ride. Nevertheless, you support my point above - most of the people on this site put a lot of time and money into the boats, the boats are in good condition, and that's why the prices here are often at the top end of the spectrum - because they're worth it. BKH |
|
Livin' the Dream
|
|
79nautique
Guest |
Post Options
Thanks(0)
|
I don't have an issue with the cost since I've already spent the money. My point is most have no clue what it realy takes and cost to restore the boat to like new condition. And in many cases mine include it is actually better now than the day it left the factory,
unless you think a 315hp engine is worst than a 240hp factory power plant. |
|
Post Reply | Page 12> |
Tweet
|
Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |