|I know this is not a jet-ski info website, but everybody seems to know a little bit ab. everything so I thought why not. This thread is not for myself, but for a buddy. He's got a '99 Kawasaki STX 1100 in GREAT condition. The things got less than 200hrs, trailer, cover, no dings, cracks ect. real nice jet ski. Well hes now bought a lake house and moved in last summer, and is trying to buy a nice older wake boat. Of course he wants to sell the ski first to get some money for a down payment, or he's thinking of trading it in if he finds a boat at a dealer. |
Does anyone know whatthis model year/jet-ski worth? I booked it on NADA and it came to a low retail of $3200 and a high retail of $3600, and I'm pretty sure that's what the banks go by for value, ect. I told him to ask around $3,800 and negotiate from there. He's deciding whether he should sell this out-right, or trade it in to a dealer? I'm trying to convince him to sell it himself and use the cash for a down payment so his payment will be lower. I just wanted to get you guys' opinions on this, any further info is appreciated.
|Tell your friend to check craigslist, boattrader and maybe pwctoday.com. To see whats out there. Do a search around that model year, 98-00. |
this will give him a good idea as to what other guys are asking in his area.
As far a trading it in, it just depends on what the dealer is willing to do, if anything.
|IMO, if he can only get $3k for it and it's in great condition why not just keep it...the guy just bought a lake hosue, does $3k really make that much of a diff.|
|One advantage to trading in the ski is not having to pay the sales tax on the traded in amount. So for example, if you traded in the ski for $3500, and bought a boat for $20000. You would pay $1155 (7% tax) in sales tax if you traded it in, versus $1400 if you did not trade it in. |
So, if you can get more than $265 over what the dealer is offering, then you should sell it yourself.
I hear ya..but in this case yea that 3k does make a diff. We're a younger crowd and he's got minimal income. The lake we ride is not really a jet-ski lake, he used to take trips to the ozarks a lot so actually did what jet skis are supposed to do, rather then go out at 7pm on a Wed. night and turn up butter, like most of them seem to do. Regardless, he's decided to sell to save money, we all are. Good call Clay, that seems like a good direction to go, thanks.
|Trading probably will not fetch low retail. Of course the dealer can work the numbers to make it look like you got a good trade, but most know about that game. Better list it quick though if he wants to sell or trade. PWCs tend to be more seasonal than boats.|
|Clay, what state do you live in? I know in AZ they did trades and no tax on used like you describe, but in CA you pay sales tax no matter what. New , used, trade, you pay pay pay. Oh, and its 8.75% in my county.|
|He probably looked up NE sales tax, we're at 7%.|