Pricing on Used Boats from Dealers
Hey guys, I tried searching the forums but to no avail, if this question has been asked a bunch already sorry.
I've seen that you should get out of dealership, with some haggling, with about 20% off a sticker price with a new boat. Is there a similar rule of thumb for Used boats? Or is NADA your best bet and just use that to help with haggling. I'm looking at a 2011 242 Supra that's listed at 57k, with about 70hrs. I'm would feel really comfortable if I got out of there under 50 :rolleyes: Any opinions? Also if a boat catches your eye up in your area that are in a similar price range let me know... I'm gonna be wakeboarding 99.5% of the time and right in that intermediate level. Thanks! |
There is no rule of thumb on used boats like there are new boats. Just depends on demand of boat, what they paid for it, time of year, how long they have had it, etc....
I would doubt that you would get that boat for much under what asking price is but you never know. That price seems pretty darn good already. This time of year, dealers will probably sit close to asking price on their boats cause it is just getting ready to start popping. Just my $.02... |
The average person will never buy a new boat for 20% off MSRP. That is a great deal. Some buy them for that and many claim on here to but in the end for most that is a pipe dream. 15% is a better number, but your not buying new so moving on…
Used prices are tough to say as they are very regional. Most of the time dealers are higher than private party. At a licensed dealer you also pay sales tax, where in many states private party used sales you do not. 7% on 57K is a lot of money. NADA is a guide and not a super good one at that, IMO. Like I said prices are very regional so its just not that accurate most of the time. Look at boats that sold on ebay(not for sale). Look at what similar boats are selling for on Only Inboards and craigslist and similar sites. Remember those are asking prices, they aren't selling for that or they would't be there. Lastly be patient and be willing to travel for the right deal. This time of year also be ready to move quick. We are now in the strongest time of the boat market. Your example boat would be around around $62K OTD at asking price. The chance of getting them to drop $12K plus this time of year are pretty much nil. |
No. A lot goes into what a dealer has in a used boat or automobile. A new boat or car has a set dealer price and MSRP which allows people to come up with 15-30% off rules of thumb. (Of course some dealers get some kickbacks, but that is between them and the manufacturers). Used, on the other hand, is nearly impossible to know what a dealer has paid for it unless you go through his books. For used, you just have to go off of NADA or what comparable boats are going for online. NADA, in my opinion, is a great tool. Priced to move at $57K
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https://www.onlyinboards.com/2011-Su...ina-44684.aspx |
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Thanks for the info guys, thats kind of what I figured and NADA sure seems dependent on how detailed/accurate you're in selecting the options. Good idea on checking ebay for sold listings, I haven't thought of that before. When talking with a dealer is it similar when working with a car dealership on trying to get free oil changes, etc. to sweeten the deal towards my end? What options have you been successful in getting? |
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Just buy it dog. You can store it in my backyard, for free!
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I thought of the exact same boat when i read the OP's post. Thanks for the link!
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Whether you buy through a dealer or private party your going to have to pay tax either way. You either pay tax to the dealer while they do the usual boat title and registration paperwork for you. Or you pay tax directly to the state when you do your own paperwork for title and registration, same as a car bought private party. I think the only state that doesn't charge tax on private party sales is LA, but I could be wrong, but most states have some sort of sales or use tax when registering.
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that '11 242 is under 50 because it has the 5.7.To do anything decent with it you'd have to replace the engine.
I would bet the 6l or 6.2 would bring significantly more. what's crazy is, 3 years later and their 24 ft boat is well over 100k... |
"Whether you buy through a dealer or private party your going to have to pay tax either way. You either pay tax to the dealer while they do the usual boat title and registration paperwork for you. Or you pay tax directly to the state when you do your own paperwork for title and registration, same as a car bought private party. I think the only state that doesn't charge tax on private party sales is LA, but I could be wrong, but most states have some sort of sales or use tax when registering."
In AZ all i did was take proof of transfer of ownership to the local game and fish dept. I paid to renew my tags on the boat for the following year. No tax or transfer of ownership fee. I AZ you don't keep the boat title on hand the game and fish dept keep it on file. The only title you keep is the one to the trailer and that cost a few bucks to put in my name at the dmv. |
you don't pay sales tax if you develop your own LLC and register the boat in Delaware.
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No taxes on used boats in Arkansas either. It's been a deciding factor on buying used for me. Nada values aren't realistic on most used wakeboats in this part of the country. 57k doesn't sound too bad for the '11 Supra.
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Good info on state taxes. As you guys said its not the state you buy in, it's the state you register in. I paid 6% tax in TX when I bought my boat. When I moved to WA they charged a "use" tax which is close to the local sale tax, 8.7 %, and I had to pay the difference in tax that I didn't pay on TX to WA, 2.7%. At least WA doesn't have a state income tax.
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