Cannondale
Petty Officer 1st Class
- Joined
- May 22, 2010
- Messages
- 278
Re: Am i asking to much
You rarely if ever get what you've put into it back out of it....unless you got a deal to begin with.
Ex: Bought a 1990 Quantum (built by Bayliner) 16' bass/fishing boat w/a 50hp Force for $950. Seller was desperate and I stumbled upon it and was first to it. This same boat routinely sells in a range of $2000-$2500, so this gave me a little wiggle room. Fortunately, it didn't need much at all to get on the water.
8 months later, it has 3 new seats (Tempress Navistars) at $300, a "new to me" 2004 model Motorguide Pro 46# bow mount trolling motor (bought at an auction for $7.50....it had no base and the pedal's $10 microswitch was bad. Reused the base from the previous Motorguide that was on the boat, replaced switch, and it's doing great!), new stereo and speakers, new deep cycle battery, and a few days of power buffing the gel coat back to its original shine, which was the worst part of the boat, and I'm around break even point.
But don't be like those that try to sell a boat and count every penny spent on maintenance as "upgrades" done to the boat. There's a guy in Atlanta with the same boat as mine who's been trying to sell his for around 4-5 months now. He started out at $3500 and has dropped the price by $1000....now at $2500, and that's still a lot for winter. And while he did replace the carpet and seats, he's also nickle-and-dimeing his price upward because of all he's done to it....new spark plugs, new bearings in the trailer's wheels, changed the lower unit lube, new gas line, bearing buddies, new tires, new battery.......all of which are maintenance items and rarely affect the price upward at all.
And that's the trap you're falling into......everything you've done to it can be considered maintenance or refurbishment, all of which is not going to up your price significantly at all. But if you'd not done the work, you'd be back to asking $1000 or less for it. At least you're going to get some of what you put in back.
You rarely if ever get what you've put into it back out of it....unless you got a deal to begin with.
Ex: Bought a 1990 Quantum (built by Bayliner) 16' bass/fishing boat w/a 50hp Force for $950. Seller was desperate and I stumbled upon it and was first to it. This same boat routinely sells in a range of $2000-$2500, so this gave me a little wiggle room. Fortunately, it didn't need much at all to get on the water.
8 months later, it has 3 new seats (Tempress Navistars) at $300, a "new to me" 2004 model Motorguide Pro 46# bow mount trolling motor (bought at an auction for $7.50....it had no base and the pedal's $10 microswitch was bad. Reused the base from the previous Motorguide that was on the boat, replaced switch, and it's doing great!), new stereo and speakers, new deep cycle battery, and a few days of power buffing the gel coat back to its original shine, which was the worst part of the boat, and I'm around break even point.
But don't be like those that try to sell a boat and count every penny spent on maintenance as "upgrades" done to the boat. There's a guy in Atlanta with the same boat as mine who's been trying to sell his for around 4-5 months now. He started out at $3500 and has dropped the price by $1000....now at $2500, and that's still a lot for winter. And while he did replace the carpet and seats, he's also nickle-and-dimeing his price upward because of all he's done to it....new spark plugs, new bearings in the trailer's wheels, changed the lower unit lube, new gas line, bearing buddies, new tires, new battery.......all of which are maintenance items and rarely affect the price upward at all.
And that's the trap you're falling into......everything you've done to it can be considered maintenance or refurbishment, all of which is not going to up your price significantly at all. But if you'd not done the work, you'd be back to asking $1000 or less for it. At least you're going to get some of what you put in back.
