I traded my 2016 in last summer for right on what I paid for it new and it was headed out the door to a buyer about an hour after I traded it in. My understanding is used prices have gone up quite a bit since then.
I completely agree with you guys. Definitely a sellers market for sure. Trying to catch someone thinking about upgrading before they go and list it on ski it again or trade it in with a dealer. Not much inventory to choose from, unlike a few years ago.
My gut is that as long as the virus recovery stays on track boat prices will be coming back down in the fall and next spring as people return to spending on other leisure and recreation activities again.
I think the 2010 promo boats sold for around 42, 44 K end of season low hours. Even with open bow and tandam trailer it doesnt add up to 85 K. Crazy market.
1031 exchange isn't likely on a boat. That's about double what it could have been had for in 2010. As previously stated, crazy market but would require a lunatic buyer.
Leon Leonard Stillwater Lake KY - SR Driver SR Judge
@LeonL yes for sure that’s retail and no way anyone paid that. But to ask $117,000 for a 2018 with 500 plus hours is just crazy and that is without the trailer! lol
Comments
Browse some of the listings for other manufacturers. Crazy numbers.
https://www.facebook.com/marketplace/item/3082179285437691/?ref=search&referral_code=marketplace_search&referral_story_type=post&tracking=browse_serp:731f299c-0807-438d-9303-2feac010606b
Low hours but was about 70 k new...
https://www.kijiji.ca/v-powerboat-motorboat/city-of-toronto/2018-ski-nautique-200-ob-team-edition/1572974645?utm_campaign=socialbuttons&utm_content=app_ios&utm_medium=social&utm_source=ios_social
So I guess boats are increasing in value like real estate?! Haha