second hand pricing

[woot]

I've had a go at searching for past threads without luck so need some help. I bought my first boat around 18mths ago and am now thinking of going bigger. The boat is virtually as new with about 70 hours on it. I need to factor the money from the sale of this boat into the sums determining much I can spend on the next one. What is a realistic price to ask in relation to the price I paid and the extras I've fitted? I know its vague but any info or opinions would be welcome.

[Richard B]

Originally Posted by woot

What is a realistic price to ask in relation to the price I paid and the extras I've fitted? I know its vague...

Mate, don't take this the wrong way, but with such vague info the only answer is.... less!

[simmons0]

A picture would be handy, and a brief spec

[woot]

I asked for that one didn't I.
Some details
Package all bought from Humber Nov 2003. 5m Assault with 60hp Yamaha 4 stroke on rollercoaster trailer, trailer board, prop cover, full cover, bow locker,two man jockey console,windscreen, bow cushion, tube mounted paddles, engine lock, bow cleat, towing bolts, A frame, poly storage box, Lowrance X51 echo sounder, garmin 126 GPS, Simrad VHF. Stainless prop.
I can obviously add up the total I,ve spent since I've had the boat I am just trying to gauge how much depreciation I should factor in to price it sensibly to sell. One of the reasons I bought new was that second hand outfits seemed expensive.

[mike]

hi,
when you have decided on a price let me know as my rib repair man wants one like yours for fun he has told me his budget so if they are similar i will call him.

re pricing I have sold 3 ribs now and find the only factors limiting depreciation are demand for your type of boat and the condition. Just like cars you get virtually nothing for the extras placed on and in fact on one of my boats I took the gps off (as it left only 2 small holes) as it was worth more off the boat than on!!
simple calculations do not apply so look at the market ie the boat adds and see what you want and then advertise it. If it does not sell at this time of year have a think later and maybe adjust your cost.

good luck!

[Jimbob]

hi

i had a boat just like that i sold it last year (same sort of spec), however here is a guide

If you go to somwhere like a trader, he will give you about 4k and then sell it on for 5.5/6k

Private they go for 4.3k to 5.5kish

[Daniel TD5]

after selling my brand new valiant v450 for £6850 40hp two stroke
then getting a DR450 for £6k 50hp two stroke

i would say just over 7k would be ok maybe up to 8k

dan

[ADS]

I would have said around 9k seeing as its a Humber. Best thing is too look at similar boats on the market.

Ribcraft 4.8


Robin who posts on here has just sold his Ribcraft 4.8, and I seem to recall he was asking over 10k for it and it sold quickly so it can't have been overpriced.
Try phoning up Humber and see how much they think its worth.
Regards,

Alex

[robin]

Woot...you have probably done this already but here are 2 boats similar (ish) to yours.....

www.boatsandoutboards.co.uk/view/F59849/
www.boatsandoutboards.co.uk/view/DKB012/

May help you to get a level for your pricing.


I go along with the comments made by Mike
Real problem is it is not so much the actual worth of the boat...it's a compromise between how much you want to sell her for and how much (or little) someone else is willing to pay.

I was lucky that loads of people were looking specifically for my kinda boat, and there were several re-directs from the Ribcraft website too.

Perhaps Humber do a similar thing?


Best of luck

Robin

PS....great looking boat!

[simmons0]

Based on how much i sold our last boat for, and how much friends have paid for their ribs recently, i would advertise it at about £8.5k and hope for £8k