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Posts: 4080
Location: Elko - Lake Vermilion | I was looking in the Used Boat section and was overwhelmed by the prices of 5-7 yr. old boats.
I'm thinking of upgrading from my 2003 Skeeter to a Ranger or Tuffy.
I don't want new.
What gives ?
Jerome |
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| If you look at the price of new, those 5-7 year old boats look cheap. |
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Posts: 559
| Welcome to 2015, long nap |
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Posts: 734
Location: Watertown, MN | I remember when you could get 620 package for 40K now you looking at 60K, no problems sticking 6k in electronics, 2k for trolling motor. The value of boats seem to hold on very well, I know I wouldnt take much of a hit for my 620 which I have had for 1o years. If you love your boat, better off doing some upgrades, and you know what you have in your boat.
Troyz
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Posts: 1084
Location: Aurora | The old Nordic hull was always tuff ta beat in my opinion.
Go vintage and watch the wind.
Simplify Jerome!
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Posts: 164
| I do agree with TOPH20. I browse the boat ads on here daily I have been in the market for a boat for 2 years now. The boats I have come across here do seem more expensive then what I have seen other places online. To defend the prices on here, I believe you have a lot more serious fisherman on this site and most boats are outfitted with top of the line electronics and gadgets which obviously adds to the value of the boat. I found a lot of pretty good deals on other sites, but a lot of these boats have very old electronics, under powered trolling motors and a lot of other things that are just out of date. I do believe that when you buy a boat from a guy who appreciates and is serious about his craft its probably a lot better cared for then most other boats. |
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Posts: 13688
Location: minocqua, wi. | Top H2O - 9/6/2015 1:17 PM
I was looking in the Used Boat section and was overwhelmed by the prices of 5-7 yr. old boats.
I'm thinking of upgrading from my 2003 Skeeter to a Ranger or Tuffy.
I don't want new.
What gives ?
Jerome
they're priced based on the mortgage balance ... |
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Location: Sawyer County, WI | Alternatively, you can get a new, cheap boat.
CRL did... |
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Posts: 1283
Location: Walker, MN | If you can get a deal on a new glass boat, it's probably a pretty good investment? |
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| One thing that contributes to used boat prices being high is scarcity. Starting in 2008, new boat sales cratered. During the worst of the recession, new boat sales dropped dramatically and that is now showing up in used boat sales. I was living in Fond du Lac, home of Mercury during that time and their work force was less than half of what it is now and they still had more people than demand required. |
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Posts: 410
Location: With my son on the water | Have you ever tried to sell a boat? The first thing everyone does is come in and low ball the H-ll out of the asking price which forces people to drive up the asking price to compensate for that.
Just like on Shark Tank. |
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Posts: 1767
Location: Lake Country, Wisconsin | There's a couple on there that don't seem to have a grasp on the market. The 2010 Reata is not even remotely close to where it should be price wise |
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Posts: 13688
Location: minocqua, wi. | btfish - 9/7/2015 8:30 AM
Have you ever tried to sell a boat? The first thing everyone does is come in and low ball the H-ll out of the asking price which forces people to drive up the asking price to compensate for that.
Just like on Shark Tank.
i've sold 4 boats, priced them right ... desirable boats and all went within a month and to people who still own them today and no haggling.
if you price a boat right and they will sell
Edited by jonnysled 9/7/2015 2:43 PM
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Posts: 59
Location: Fifield | Very few of the trolling motors on these boats are $2k. Don't bs yourself or anyone else. |
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Posts: 2097
| dfkiii - 9/6/2015 9:29 PM
Alternatively, you can get a new, cheap boat.
CRL did...
Where I live people have never heard of some of the boat manufactures that supply lots of boats in the upper midwest. Resale value has a lot to do with location. |
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Posts: 1638
Location: Minnesota | I bought a new boat in 2012 skeeter MX 1825. A guy I work with bought a mx 1825 this year a 2015 .I have a DC he has a full windshield. He paid 5600 more then I did. This is great for me adds to the value of my boat . When you figure out witch boat you want be ready to pounce on it if it's a good deal it won't last. |
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Location: Sawyer County, WI | cave run legend - 9/7/2015 4:52 PM
dfkiii - 9/6/2015 9:29 PM
Alternatively, you can get a new, cheap boat.
CRL did...
Where I live people have never heard of some of the boat manufactures that supply lots of boats in the upper midwest. Resale value has a lot to do with location.
Good info. I had no idea Lund boats were a strictly upper midwest market. Somebody may want to advise them of this. My guess is that they'd be surprised. |
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Posts: 16632
Location: The desert | dfkiii - 9/7/2015 6:28 PM
cave run legend - 9/7/2015 4:52 PM
dfkiii - 9/6/2015 9:29 PM
Alternatively, you can get a new, cheap boat.
CRL did...
Where I live people have never heard of some of the boat manufactures that supply lots of boats in the upper midwest. Resale value has a lot to do with location.
Good info. I had no idea Lund boats were a strictly upper midwest market. Somebody may want to advise them of this. My guess is that they'd be surprised.
Yeah....as someone who has seen a lot of boats in multiple states, I can say that Lund and Ranger are pretty much well known nation wide. Tracker? Not so much. I would also agree that Tuffy isn't as well known outside of the Midwest. But that isn't really surprising looking at their more targeted demographic.
Tracker doesn't make a "bad" boat. It's just not a coveted boat on the used market. Saw a handful of used trackers for sale when I was looking, and they could be had for much cheaper. |
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Location: 31 | muskyhunter47 - 9/7/2015 5:28 PM
I bought a new boat in 2012 skeeter MX 1825. A guy I work with bought a mx 1825 this year a 2015 .I have a DC he has a full windshield. He paid 5600 more then I did. This is great for me adds to the value of my boat . When you figure out witch boat you want be ready to pounce on it if it's a good deal it won't last.
That’s some good-great advise!!! Keep watching for your target, call on some and talk it up so you know when to act.
After several months of looking in 2011 I noticed my target was relisted for 10% less and pounced on my dream 3 YO boat with low hours. After a lot of miles/hours I can sell it for about what I paid for it still.
Almost said; “picked up my dream boat” haha 
Edited by Jerry Newman 9/7/2015 10:23 PM
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Location: Contrarian Island | not sure how that adds value to your boat Muskyhunter47....you are talking about a boat that is 3 yrs newer and will have a longer warranty period. If you look at how fast boats depreciate especially 3 yrs out.. you paid pretty much what you should have imo...
new 620s are in the 70k range fully loaded which is keeping prices of used boats up there, I remember about 4 or 5 yrs ago there was a 2008 620 fully loaded I was kicking around for 38k....most 08s now, 4 yrs later are asking the same price range simply because the new ones are crazy expensive |
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Location: 31 | BNelson - 9/8/2015 8:33 AM
not sure how that adds value to your boat Muskyhunter47....you are talking about a boat that is 3 yrs newer and will have a longer warranty period. If you look at how fast boats depreciate especially 3 yrs out.. you paid pretty much what you should have imo...
new 620s are in the 70k range fully loaded which is keeping prices of used boats up there, I remember about 4 or 5 yrs ago there was a 2008 620 fully loaded I was kicking around for 38k....most 08s now, 4 yrs later are asking the same price range simply because the new ones are crazy expensive
Sounds like you are kicking yourself for not buying that 620 eh'? I’d guess that he thinks his boat may not have depreciated as much as he thought based on current new boat prices
BTW: It is amazing to me that those good used Rangers Fisherman series boats have held value and not depreciated if kept up, but after thinking about how depressed the boat market was, and lack of good used boats out there it makes perfect sense to me... make that dollars!
The good news is that the new nose bleed priced Rangers helps to float all of our boat values.
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Posts: 194
Location: Lake Elmo, MN | As a 620 owner myself, I asked Randy Hopper (Ranger President) about this at a show recently. I asked if he was a bit concerned about pricing himself right out of his best customers' ability to buy. He seemed genuinely concerned about this. I bought a 2008 620 for $48,000 loaded up (except no kicker) in 2008. That boat today would be over $65,000. That is a 27% increase in price in 7 years or around 4%/yr, which in and of itself is not outrageous BUT, when talking about this price range, it's possible to out-price your market. I cannot afford (nor is it intelligent to do so) $70k for a boat to fish in. I could in 2008....but not now, and my job etc has not changed. In other words, they lost a loyal customer because their product is too expensive.
Edited by PSAGuy 9/8/2015 2:11 PM
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Posts: 4080
Location: Elko - Lake Vermilion | I passed on buying 5 acres with an older 2 bedroom, yr. round home only 1/2 mile from Lake vermilion..... It also had a 40x60' heated pole barn for $50,000.
I should have done it, worth a lot more than a new or newer Ranger for sure.
Sorry guys, New Boats are crazy expensive and even though I can afford to buy a new one, I will not.
I'll keep looking for "the deal" |
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Posts: 400
Location: Metro | PSAGuy - 9/8/2015 2:09 PM
As a 620 owner myself, I asked Randy Hopper (Ranger President) about this at a show recently. I asked if he was a bit concerned about pricing himself right out of his best customers' ability to buy. He seemed genuinely concerned about this. I bought a 2008 620 for $48,000 loaded up (except no kicker) in 2008. That boat today would be over $65,000. That is a 27% increase in price in 7 years or around 4%/yr, which in and of itself is not outrageous BUT, when talking about this price range, it's possible to out-price your market. I cannot afford (nor is it intelligent to do so) $70k for a boat to fish in. I could in 2008....but not now, and my job etc has not changed. In other words, they lost a loyal customer because their product is too expensive.
I love this statement. Yes with inflation and other things going on in the market I can understand the price increase of boats. What I don't understand is how they expect people to pay close to $100,000 for a fishing boat. In most situations if you have lots of money you don't have lots of time and visa versa. |
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Posts: 1000
| I wonder if supply and demand has anything to do with it? Maybe they can only build 10k boats per year, the market wants 15k boats, but the additional volume doesn't justify another factory so they price it at 10k volume?
Back to the original post - kf you're quick and buy at the right time, you can get very lucky. I paid $14k for a mint crestliner 1850 DC with a Honda 135 on the back. I called him immediately upon him posting the ad and got very lucky. |
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Location: Eastern Ontario | What I don't understand is why a big outboard (motor only ) is more money than a new well equipped 4X4 truck. |
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Posts: 159
| Six years ago I bought a nice used Tuffy that was six years old---My first good Musky Boat...
Today 6 years later sold it for 400.00$ less than I paid---needless to say I am ecstatic right now!
My wife is worried I cheated the guy or sold him....thinking there should have been much more depreciation.
Gives me the flexibility to use that cash and buy exactly what I want---I new boat rigged exactly like I desire---with the outboard I want...
Its a great feeling knowing if you take care of your boat---you will have a great chance of selling and getting much of what you put into it out of it.... |
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