Used Ski Boat Market |
Post Reply | Page 12> |
Author | |
jb_dallas
Groupie Joined: December-28-2006 Location: United States Status: Offline Points: 69 |
Post Options
Thanks(0)
Posted: June-24-2008 at 8:38pm |
I have owned a 1989 Ski Supreme for about 3 years. It has been a good boat, but I live in Texas where the wind blows all of the time. I am tired of getting the hell beat out of me everytime I go to the lake and we dont ski as much as we used to. I am thinking of buying something with a v hull design that will chop through the chop. I found a boat that I want, but I am afraid to buy it because I dont want to be stuck with 2 boats in this slow economy. What is the general feeling about the used ski boat market right now? I watch Ebay and have for several years...it seems like these old boats are going for less than they used to. What do you guys think a 1989 Ski Supreme is worth? I have tons of new parts on it. It is a clean boat. I have $8K in it and hope to get my money back, but I realize it may not bring but $6K-$7K. My fear is that it wont sell and I will own 2 boats.
Thanks |
|
8122pbrainard
Grand Poobah Joined: September-14-2006 Location: Three Lakes Wi. Status: Offline Points: 41045 |
Post Options
Thanks(0)
|
JB, Here's a Ski Supreme on ebay. The bidding ended with 0 bids. Ski Supreme
Hope it helps. |
|
bkhallpass
Grand Poobah Joined: March-29-2005 Location: United States Status: Offline Points: 4723 |
Post Options
Thanks(0)
|
At least here in California, market is soft, particularly for the older boats. I've seen lots of supras, supremes, and centurions from the 80s going for 4-7K. I've also seen a lot of 80s Ski Nautiques in the 5K-8K range. BKH
|
|
Livin' the Dream
|
|
jb_dallas
Groupie Joined: December-28-2006 Location: United States Status: Offline Points: 69 |
Post Options
Thanks(0)
|
Thanks for the feedback. It is a shame that the used boat market is so soft.
|
|
Mojo
Grand Poobah Joined: December-06-2006 Location: United States Status: Offline Points: 3106 |
Post Options
Thanks(0)
|
JB, every market is soft! The world is soft right now.. My suggestion is hang onto it until things improve, and feel gratefull that it's not a $50K dollar boat you want to spin.... Moj' |
|
05' SV211 TE
73' Martinique had:96' SNOB had:76' Nautique had 77 Tique |
|
eric lavine
Grand Poobah Joined: August-13-2006 Location: United States Status: Offline Points: 13413 |
Post Options
Thanks(0)
|
new market down 8 percent on ski boats
|
|
Riley
Grand Poobah Joined: January-19-2004 Location: Portland, ME Status: Offline Points: 7953 |
Post Options
Thanks(0)
|
On older boats, anything not a Correct Craft is going to be really soft. Only Correct Craft has collectability. I think Brian's right on with his $4-$7k. We've got a really nice 88 Malibu Skier with a PCM 240. Everything about the boat is nice, but it has no collectability. It would definately bring a few grand less than a comparable SN. Malibu folks are only into the new boats and don't care about the old. Ski Supreme is a pretty obscure brand.
|
|
jb_dallas
Groupie Joined: December-28-2006 Location: United States Status: Offline Points: 69 |
Post Options
Thanks(0)
|
I think I would take $7K...maybe as low as $6K, but I cant take $4K. I saw one just like mine last year sell for over $8000 on Ebay...but not this year.
|
|
79nautique
Grand Poobah Joined: January-27-2004 Location: United States Status: Offline Points: 7872 |
Post Options
Thanks(0)
|
your pretty optimistic on your price concidering NADA rates it at about 6K tops |
|
jb_dallas
Groupie Joined: December-28-2006 Location: United States Status: Offline Points: 69 |
Post Options
Thanks(0)
|
I probably am optimistic. I have seen the price on NADA. If I cant get $6K I will probably keep it and continue to get the hell beat out of me on these lakes. Its a bad time to sell.
|
|
Mojo
Grand Poobah Joined: December-06-2006 Location: United States Status: Offline Points: 3106 |
Post Options
Thanks(0)
|
JB,
Just sell the thing , take the grand hit, and get what you want.. No one gets out of any boat what they put in,,,, ever.. Hell the dental work and spinal disc repair is worth a hell of a lot more than a thousand bucks... Moj' |
|
05' SV211 TE
73' Martinique had:96' SNOB had:76' Nautique had 77 Tique |
|
jb_dallas
Groupie Joined: December-28-2006 Location: United States Status: Offline Points: 69 |
Post Options
Thanks(0)
|
I would be taking more than a grand hit...I have $8K in it. From what everyone is saying, I may not get over $5K.
|
|
75 Tique
Grand Poobah Joined: August-12-2004 Location: Seven Lakes, NC Status: Offline Points: 6121 |
Post Options
Thanks(0)
|
Last spring (a year ago) 1989 supra, great hull, great upholstry, some rotting wood (not stringers) no cover, some rust on trailer, needed several breakers, needed blower. Asked $7,800, got $7,400. Just an example.
(Edit: Paid $10,500 in 1996, minus $2,500 sale of old boat = $8,000 in it. Cant complain about $600 for 11 years use!) |
|
_____________
“So, how was your weekend?” “Well, let me see…sun burn, stiff neck, screwed up back, assorted aches and pains….yup, my weekend was great, thanks for asking.” |
|
Hollywood
Moderator Group Joined: February-04-2004 Location: Twin Lakes, WI Status: Offline Points: 13513 |
Post Options
Thanks(0)
|
You must be busy with the calculator and not skiing to know how much money you have in a boat. Breakdown that $8k would you? Perhaps you spent too much on it to begin with? |
|
79nautique
Grand Poobah Joined: January-27-2004 Location: United States Status: Offline Points: 7872 |
Post Options
Thanks(0)
|
get a new boat there Kevin? a miamian?
|
|
Hollywood
Moderator Group Joined: February-04-2004 Location: Twin Lakes, WI Status: Offline Points: 13513 |
Post Options
Thanks(0)
|
Funny you would be the one to ask.
Thinking about "upgrading". |
|
79nautique
Grand Poobah Joined: January-27-2004 Location: United States Status: Offline Points: 7872 |
Post Options
Thanks(0)
|
nice boat but the beam seems a little narrow for the length of it.
|
|
jb_dallas
Groupie Joined: December-28-2006 Location: United States Status: Offline Points: 69 |
Post Options
Thanks(0)
|
I would imagine anyone with good financial sense has a idea of how much they have tied up in their boat.
|
|
bkhallpass
Grand Poobah Joined: March-29-2005 Location: United States Status: Offline Points: 4723 |
Post Options
Thanks(0)
|
jb,
Mojo comes up with the grand because you were willing to sell for 6, so if you sell at 5 that's a grand. If you're selling for a grand less than you expected, you probably are also going to pay a grand less than you expected, so it may well be a wash. Even if you've spent 8K on the boat in the three years you've owned it, it's not typically reasonable to expect to get it all back. If you spent just 50 hours per year on the boat, and you sell the boat for 5K, that's only $20 bucks an hour for the boat, which is pretty cheap. By comparison, my boat was about 55K up and in, and it's probably worth around 32K in this market, maybe a little more. I've got about 500 hours on it, which is $46 an hour . Obviously sell it for as much as you can get, but if you only get 5K, doesn't sound to me like it would be so terrible. I think I'd tend to agree with HW, most people don't know and don't keep track of how much they have tied up in a boat. When you start to figure impellars, oil changes, props, repairing upholstery, blah blah blah, not to mention gas, it can get a bit overwhelming. I think most people just focus on the fun they have. BKH |
|
Livin' the Dream
|
|
bkhallpass
Grand Poobah Joined: March-29-2005 Location: United States Status: Offline Points: 4723 |
Post Options
Thanks(0)
|
BTW, I was in Lewisville TX yesterday, and the wind was blowing pretty good. BKH
|
|
Livin' the Dream
|
|
Riley
Grand Poobah Joined: January-19-2004 Location: Portland, ME Status: Offline Points: 7953 |
Post Options
Thanks(0)
|
I keep a log and execpt for gas, know every cent I've put into any boat I have. You can't really charge oil changes or tune ups against what you have in a boat, that's just normal operating expenses. I look at it as price/year. If you only get $5k for your boat, that's $1,000/year. New boat owners like BK are in at $3,290/year. If you really want a different boat and you've got to sell your boat, I'd say you're not doing too badly.
|
|
eric lavine
Grand Poobah Joined: August-13-2006 Location: United States Status: Offline Points: 13413 |
Post Options
Thanks(0)
|
people have a tendency if you finance a boat or car, say you pay 20k for it and you finance you end up paying 30k over the life, its a factor you need to include
|
|
bkhallpass
Grand Poobah Joined: March-29-2005 Location: United States Status: Offline Points: 4723 |
Post Options
Thanks(0)
|
people do have that tendency. I do not. No cash, no boat. BKH |
|
Livin' the Dream
|
|
jb_dallas
Groupie Joined: December-28-2006 Location: United States Status: Offline Points: 69 |
Post Options
Thanks(0)
|
Those are some good points...about the financing and amount spent per year. I guess I am a tightwad. To break it down, I bought the boat for $6K. I overlooked the rub rail..the boat was coming apart near the drivers seat...an alum rub rail installed cost me $650. New raw water pump, new alternator, new bilge pump, rebuilt carb, carpet, blowers, ect..now I have almost $8k invested. Now that I think about it..almost everything is new, maybe I should keep it.
I paid cash..but that is easy because mine is a cheap boat. I am looking at the 16' Donzi on Ebay in Carrollton, TX item #270248567844. I looked at it in person 2 days ago. It is a nice boat. BKH, were you in Lewisville for business? I ski primarily on Lake Lewisville. |
|
bkhallpass
Grand Poobah Joined: March-29-2005 Location: United States Status: Offline Points: 4723 |
Post Options
Thanks(0)
|
Well, I'm hoping it was for business. Job interview. I believe it went well, but we shall see. BKH
|
|
Livin' the Dream
|
|
Mojo
Grand Poobah Joined: December-06-2006 Location: United States Status: Offline Points: 3106 |
Post Options
Thanks(0)
|
JB
Nobody can say they've put anything "into" a boat to bring it up to spec, drivable, safe etc. Any boat listed lets say in NADA is expected to have the boat in good overall condition to get that value for it... If you already paid the average retail price, and had to add a few grand to bring it back to spec (of life), that money is a wash. It doesn't mean your going to get it back out on the open market. Then you have to remember these toys are depreciating assets.. What I'm really confused about is: 1. Now you're looking at what most would consider a pretty expensive boat. Donzi's are a lot more than Ski Supremes, so you're not that tight.. 2. You're thinking of going to a 16 foot boat on that massive lake and you don't think you're going to knock your filling lose ??? Hell, take that Donzi out on a windy day.... What you really need is a 97' Cobalt 252 haha.. Moj PS: Nice hour/cost analogy Brian !! |
|
05' SV211 TE
73' Martinique had:96' SNOB had:76' Nautique had 77 Tique |
|
jb_dallas
Groupie Joined: December-28-2006 Location: United States Status: Offline Points: 69 |
Post Options
Thanks(0)
|
Moving from beautiful CA to Lewisville ...thats a change of scenery. I live in Lewisville, so I can tell you more than you want to know about this area. We (pretty much Texas in general)are one of a handful of places in the nation almost unaffected by the housing crunch. According to the city of Lewisville, neighborhood comps, and other sources, my house had an INCREASE in value of about 8%-9% in the last year.
|
|
jb_dallas
Groupie Joined: December-28-2006 Location: United States Status: Offline Points: 69 |
Post Options
Thanks(0)
|
Mojo
I am thinking that the Donzi v hull design will be much more smooth in the chop than my boat, regardless of its length. |
|
bkhallpass
Grand Poobah Joined: March-29-2005 Location: United States Status: Offline Points: 4723 |
Post Options
Thanks(0)
|
No move JB. Company HQ'd in TX. I would run the CA business. BKH
|
|
Livin' the Dream
|
|
Hollywood
Moderator Group Joined: February-04-2004 Location: Twin Lakes, WI Status: Offline Points: 13513 |
Post Options
Thanks(0)
|
Did you take a test drive in this boat yet? You're going to get JACKED much worse than that Supreme! It's already over $8k already. Looks like a really nice boat, but no comparison to a direct drive ski boat. |
|
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 |