Keep it, or sell it?

[ajgraz]

Re: Keep it, or sell it?

Sounds like the boat has far more use value than monetary value...assuming it is safely useable, that is.

Sell it now and you'll get a couple hundred bucks if you're lucky--which your wife will expect you to spend on her since you now have no boat for who knows how long. (I know you have plans, but plans change and you can't take "plans" out on the water )

Now if the boat really is unsafe and would require serious work, then maybe it is time for it to depart.

 

[Lion hunter]

Re: Keep it, or sell it?

I have 2 arguments here

1. Keep it. The deck was obviously rotted prior to the rain incident (it wouldn't have rotted in a few days of rain) and you were happy with waiting for a new boat. Drain the water and use it. You were using it with soft deck before. Get through the season and sell it with full disclosure for whatever you can get out of it, or donate it to a charity (again with disclosure) and write it off. Whatever gets you the most money.


2. Sell it. You will get more now than ever. But you may have to wait or pay a premium to get another. I've seen a lot worse boats for sale and I don't think you'd any problem getting 8-900 out of it. Which is a pretty good investment for the use you have gotten.

 

[Beefer]

Re: Keep it, or sell it?

I really appreciate everyone's input, and I agree with all of it! (How's that for a politician in the making)

I didn't mean to bring this post back to life, I referred to it in this post; http://forums.iboats.com/showthread.php?t=417689 in which I tell everyone how I got a new boat today.

Here are the thing that will be happening to the Bayliner;

A) The wife of a friend wants to buy it as an Xmas present for her hubby. She's going to look at it on Thursday with her cousin who would be doing the floor repairs. I'd be helping on that project. I've taken her hubby and son out with me fishing, and they really enjoyed it. She's looking at it for the same purpose we originally bought it; an inexpensive, yet reliable boat that will help them decide if they enjoy boat ownership, and if so, help in figuring out what kind of 'real' boat they would like.

B) It goes up on Craigslist this weekend if she doesn't like it. Not at the point where I think I need to part/separate it out, as it still is a good runner.

The boat is still, IMO, still safe. We were out on it this weekend, and we still do use it almost every weekend. The boat is just not big enough or comfortable enough, and horrible to fish from. The floor had 2 small soft spots when I bought it 2 yrs ago, and yes, those small spots were getting bigger with time. I think the rain sitting in it for the 1.5 weeks really did a number on the floor, and just was my breaking point. I knew we as a family didn't enjoy the boat as much as a family should enjoy a boat, and saw little to no value in repairing it.

I think even with the floors I'll get decent money out of it. The advantages I have over the next boat like this in this price range, is that I will demo the boat. Boats in this price range are always sitting on a trailer in the yard, and putting the muffs on and starting them is as far as the sellers seem to offer. This boat is not going to interest longtime boaters looking to upgrade. This is going to be people looking for an entry level boat, and once I show them how well it runs, and is easy to handle, I think (hope) they'll be throwing money at me. Lol. At least they'll know she runs and floats.

So needless to say, the outcome of this post has been decided... Check out the other post for pics of the new boat, and how it all came to be.

 

[Purecarnagge]

Re: Keep it, or sell it?

sometimes its best to just move on and start enjoying the next one.

 

[spudshaft]

Re: Keep it, or sell it?

I'm going through a similar thing now. Great boat, runs great, mechanically great in all respects, BUT, has a rotten floor. I hate to sell an old boat that I've gone to the trouble to make reliable, but I don't really want to work on the floor either.

I've considered donating, replacing the floor with my kid and then giving the thing to him, pulling the engine for something else, or just selling it.

You get attached to these things.