Go Back   Winnipesaukee Forum > Winnipesaukee Forums > Boating
Home Forums Gallery Webcams Blogs YouTube Channel Classifieds Calendar Register FAQDonate Members List Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Display Modes
Old 04-08-2023, 08:13 PM   #1
Sue Doe-Nym
Senior Member
 
Join Date: Jul 2009
Posts: 1,371
Thanks: 709
Thanked 756 Times in 392 Posts
Default Considering selling boat

We are thinking of selling our 03 Cobalt 240 with low hours, and wonder where the best place might be to advertise it. It’s a terrific boat, but we have seldom had it out the past several years. We will appreciate constructive responses.
Sue
Sue Doe-Nym is offline   Reply With Quote
Old 04-08-2023, 08:24 PM   #2
ishoot308
Senior Member
 
Join Date: Feb 2008
Location: Gilford, NH / Welch Island
Posts: 5,907
Thanks: 2,279
Thanked 4,924 Times in 1,906 Posts
Default

Quote:
Originally Posted by Sue Doe-Nym View Post
We are thinking of selling our 03 Cobalt 240 with low hours, and wonder where the best place might be to advertise it. It’s a terrific boat, but we have seldom had it out the past several years. We will appreciate constructive responses.
Sue
Sue;

Facebook Marketplace and Craigslist are pretty good. However…have you thought about consignment at a local marina so you don’t have to deal with the headache? Just drop it off, have them deal with the entire transaction, then simply pickup your money…Yes there is a charge for this but many times the price they get because of their incentives may exceed what you can get and break even or even better…Boats are still selling very fast right now and many people are more comfortable buying from a marina…

Good luck which ever way you decide!

Dan
__________________
It's Always Sunny On Welch Island!!
ishoot308 is offline   Reply With Quote
The Following 6 Users Say Thank You to ishoot308 For This Useful Post:
Biggd (04-09-2023), Electric man (04-09-2023), LIforrelaxin (04-10-2023), Reilly (04-09-2023), Sue Doe-Nym (04-08-2023), upthesaukee (04-09-2023)
Old 04-09-2023, 07:16 AM   #3
TiltonBB
Senior Member
 
Join Date: Feb 2005
Location: Gilford, NH and Florida
Posts: 2,882
Thanks: 637
Thanked 2,147 Times in 894 Posts
Default

I would not be so sure about boats selling fast. I think with higher interest rates and the increased prices of gas, heating fuel, and food the economy is really slowing down and many people don't have the extra money for things like boats and vacations..

One New Hampshire marina I spoke with sold less than half of the dollar amount this year that they did at the previous Boston Boat Show.

I have a 25 foot pontoon boat in Florida on Craigslist, Boat Trader, and Facebook Marketplace and in a month I have had no serious inquiries. It is a 2022 priced at about 70% of a new one.

A weekly rental I have on Winnipesaukee still has open weeks this summer and by this time of year I usually have waiting list. Bike week is still open.

The car dealer lots that were nearly empty have started filling up with new cars. Because of the high interest rates, which have an effect on sales, manufacturer's are starting to advertise financing deals.

I think the slowdown the Fed has been working towards has arrived.
TiltonBB is offline   Reply With Quote
The Following 3 Users Say Thank You to TiltonBB For This Useful Post:
Biggd (04-09-2023), Electric man (04-09-2023), SAMIAM (04-10-2023)
Old 04-09-2023, 09:11 AM   #4
WinnisquamZ
Senior Member
 
WinnisquamZ's Avatar
 
Join Date: Dec 2016
Posts: 1,867
Thanks: 192
Thanked 590 Times in 395 Posts
Default

Quote:
Originally Posted by TiltonBB View Post
I would not be so sure about boats selling fast. I think with higher interest rates and the increased prices of gas, heating fuel, and food the economy is really slowing down and many people don't have the extra money for things like boats and vacations..

One New Hampshire marina I spoke with sold less than half of the dollar amount this year that they did at the previous Boston Boat Show.

I have a 25 foot pontoon boat in Florida on Craigslist, Boat Trader, and Facebook Marketplace and in a month I have had no serious inquiries. It is a 2022 priced at about 70% of a new one.

A weekly rental I have on Winnipesaukee still has open weeks this summer and by this time of year I usually have waiting list. Bike week is still open.

The car dealer lots that were nearly empty have started filling up with new cars. Because of the high interest rates, which have an effect on sales, manufacturer's are starting to advertise financing deals.

I think the slowdown the Fed has been working towards has arrived.
All true


Sent from my iPhone using Winnipesaukee Forum mobile app
WinnisquamZ is offline   Reply With Quote
Old 04-09-2023, 11:21 AM   #5
Descant
Senior Member
 
Join Date: Mar 2006
Location: Merrimack and Welch Island
Posts: 4,004
Thanks: 1,204
Thanked 1,498 Times in 975 Posts
Default

If you don't have a trailer or a slip that goes with the boat, I would definitely sell through a marina as they are able to build that package, and sometimes have good access to financing. OTOH, as a 20 year old boat , you may not be talking so much money and financing, if any, might be a HELOC or some other collateral.
Descant is offline   Reply With Quote
The Following 2 Users Say Thank You to Descant For This Useful Post:
ishoot308 (04-09-2023), Sue Doe-Nym (04-09-2023)
Sponsored Links
Old 04-09-2023, 11:25 AM   #6
John Mercier
Senior Member
 
Join Date: Jun 2021
Posts: 2,909
Thanks: 2
Thanked 523 Times in 431 Posts
Default

Prices are down.
But in overall sales, I am 22 percent compared to last year.

It may just be certain categories that have slowed down.
John Mercier is offline   Reply With Quote
Old 04-09-2023, 06:57 PM   #7
BroadHopper
Senior Member
 
BroadHopper's Avatar
 
Join Date: Oct 2004
Location: Laconia NH
Posts: 5,504
Thanks: 3,113
Thanked 1,089 Times in 783 Posts
Default Boat with a slip

Sells like hotcakes. I think people would rather buy a boat with slip just for the slip and sell boat later.
__________________
Someday may never be an actual day.
BroadHopper is offline   Reply With Quote
Old 04-09-2023, 08:01 PM   #8
TiltonBB
Senior Member
 
Join Date: Feb 2005
Location: Gilford, NH and Florida
Posts: 2,882
Thanks: 637
Thanked 2,147 Times in 894 Posts
Default

Quote:
Originally Posted by BroadHopper View Post
Sells like hotcakes. I think people would rather buy a boat with slip just for the slip and sell boat later.
I did just that. In 1995 I bought a slip at Mountain View Yacht Club because I wanted the slip but I had to buy the sailboat that was in it to get the slip. I had no interest in owning or operating a sailboat.

Two weeks later I sold the sailboat to two Irish gentlemen from Rhode Island. I am pretty sure they were Morris Fitzpatrick and Patrick Fitsmorris. I assume that they enjoyed the boat.
TiltonBB is offline   Reply With Quote
Old 04-10-2023, 09:41 AM   #9
Safe Harbor
Junior Member
 
Join Date: Oct 2014
Posts: 3
Thanks: 4
Thanked 2 Times in 2 Posts
Default

Quote:
Originally Posted by Sue Doe-Nym View Post
We are thinking of selling our 03 Cobalt 240 with low hours, and wonder where the best place might be to advertise it. It’s a terrific boat, but we have seldom had it out the past several years. We will appreciate constructive responses.
Sue
Hi Sue, I private messaged you regarding your boat.
Safe Harbor is offline   Reply With Quote
Old 04-10-2023, 10:10 AM   #10
LIforrelaxin
Senior Member
 
LIforrelaxin's Avatar
 
Join Date: May 2006
Location: Long Island, not that one, the one on Winnipesaukee
Posts: 2,813
Thanks: 1,011
Thanked 878 Times in 513 Posts
Default

Quote:
Originally Posted by Sue Doe-Nym View Post
We are thinking of selling our 03 Cobalt 240 with low hours, and wonder where the best place might be to advertise it. It’s a terrific boat, but we have seldom had it out the past several years. We will appreciate constructive responses.
Sue
So private sales in my mind are the way to go if you are not in a rush. Using facebook market place and Craigslist have worked out well for me. With a boat one of the biggest things you can do to help yourself, is have it available to put in the water, if you have a serious buyer. Well some people say they get a lot of tire kickers, just looking for a ride, I have not had that problem. Also be willing to help them solve logistical problems they might have.... For instance, if you keep your boat at a marina and don't have a trailer, have a list of companies or marina's in the area, that a potential buyer can contact about transport a boat to its new home.

As an avid boater, I have found simple things go a long way.... Selling my last boat, I took the time to give the first time boat owners some coaching... Went over all the controls and procedures the day they came to look at the boat, and even helped the get the boat on and off the trailer for the first time the day they picked it up. In return they never really haggled on the price, and headed home both days I met with them, having enjoyed the boat.....And I can't lie, anytime on the water for me is a good time.
__________________
Life is about how much time you can spend relaxing... I do it on an island that isn't really an island.....
LIforrelaxin is offline   Reply With Quote
The Following User Says Thank You to LIforrelaxin For This Useful Post:
Sue Doe-Nym (04-10-2023)
Old 04-12-2023, 08:34 PM   #11
Sue Doe-Nym
Senior Member
 
Join Date: Jul 2009
Posts: 1,371
Thanks: 709
Thanked 756 Times in 392 Posts
Default Cobalt 240 with 8.1 liter Mercruiser and 400 H.P.

Knowledgeable marina professionals have indicated mid thirties because of its condition and low number of hours. It’s well equipped, has a trailer and Bimini, etc. I have mixed emotions about selling it because it’s provided lots of summer fun and memories, but we haven’t used it much the past several years. Our college age grandchildren have summer jobs and can’t get up to the lake very often. Their first choices would be the jet skis anyhow. We will see what happens.
Sue
Sue Doe-Nym is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -5. The time now is 03:29 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.

This page was generated in 0.31072 seconds