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First boat
On Mar 26, 1:44*pm, "JimH" wrote:
"Robert M. Gary" wrote in ... On Mar 26, 12:46 pm, Short Wave Sportfishing 5. *Because of a past well earned reputation, Bayliner resale values suffer. Although the low quality structural and mechanical issues they once had are a thing of the past that reputation remains with the brand............perception is reality even today. *You will take a hit on resale on both boats because of this, especially considering that the 2003 boat is overpriced. The seller and I are basing the price on NADA. Is that not a good resource to determine price? -Robert |
First boat
On Mar 26, 1:47*pm, Short Wave Sportfishing
wrote: On Wed, 26 Mar 2008 13:18:24 -0700 (PDT), "Robert M. Gary" I live in a pretty high tax state so generally when you sell something to someone you write two contracts. One for the state and another for the actual sale price. Of course the dealer can't do that. ;) It's still a minor consideration. Its about $1000. If I pay for taxes on the $14500 boat from the dealer I'm paying $1123 in sales tax. If I buy the $11,000 boat from the individual and we report it as $1500 to the state I'll pay $116. That's almost $1000 savings. -Robert |
First boat
On Wed, 26 Mar 2008 14:48:38 -0700 (PDT), "Robert M. Gary"
wrote: On Mar 26, 1:44*pm, "JimH" wrote: "Robert M. Gary" wrote in ... On Mar 26, 12:46 pm, Short Wave Sportfishing 5. *Because of a past well earned reputation, Bayliner resale values suffer. Although the low quality structural and mechanical issues they once had are a thing of the past that reputation remains with the brand............perception is reality even today. *You will take a hit on resale on both boats because of this, especially considering that the 2003 boat is overpriced. The seller and I are basing the price on NADA. Is that not a good resource to determine price? That's one and a commonly accepted value. There are others including a couple of industry only publications. The real question is what the market is in your area. It's like anything else in a slow sales market - it's what somebody is willing to take, not necessarily the asking price. NADA is a national average despite all the zip code nonsense. If I had to guess, I say offer $7.5K and see what happens. You can always go up. :) |
First boat
On Wed, 26 Mar 2008 15:27:16 -0700 (PDT), "Robert M. Gary"
wrote: On Mar 26, 1:47*pm, Short Wave Sportfishing wrote: On Wed, 26 Mar 2008 13:18:24 -0700 (PDT), "Robert M. Gary" I live in a pretty high tax state so generally when you sell something to someone you write two contracts. One for the state and another for the actual sale price. Of course the dealer can't do that. ;) It's still a minor consideration. Its about $1000. If I pay for taxes on the $14500 boat from the dealer I'm paying $1123 in sales tax. If I buy the $11,000 boat from the individual and we report it as $1500 to the state I'll pay $116. That's almost $1000 savings. Do you register the boat with your DMV? I guarentee you, unless it's reported as a loss of some sort, you will be paying book price for the sales tax. CT DMV does it all the time on sales that are less than 10% of similar sales. Most states have caught up with that dodge. |
First boat
"Robert M. Gary" wrote in message ... snip..... One of the things I was thinking was just capacity. The 175 has a Coast Guard sticker that says "7 people". We're a family of 4 and it would be cool to invite another family of 4 on board. The 185 says 8 people so I was just thinking it would be better to have the 8. Of course 1/2 those people will probably have to be little guys (pre- teens). snip... -Robert I remember the time the guy I crewed with (Mirage 33 sailboat) invited a family with four rugrats. Man...was I glad to see the shore again. There's always one kid who gets upset/sick whatever and disrupts the whole trip. Too bad because the mom was a babe. |
First boat
On Mar 26, 5:05*pm, John H. wrote:
On Wed, 26 Mar 2008 15:27:16 -0700 (PDT), "Robert M. Gary" Must be a stupid state if it doesn't check book values. Typically you just tell them it wasn't running when you bought it. I've known "friends" who have done this was cars, planes, etc. -Robert |
First boat
On Mar 26, 4:03*pm, "Don White" wrote:
"Robert M. Gary" wrote in ... I remember the time the guy I crewed with (Mirage 33 sailboat) invited a family with four rugrats. Man...was I glad to see the shore again. * There's always one kid who gets upset/sick whatever and disrupts the whole trip. Too bad because the mom was a babe. My boys have spent more than a 1000 hours sitting in our plane flying over some pretty bumping areas of Mexico, Canada and the desert SW. We also spent some time in little fishing boats on the Sea of Cortez so I'm pretty sure they're able to handle it. ;) -Robert |
First boat
On Wed, 26 Mar 2008 15:27:16 -0700 (PDT), "Robert M. Gary"
wrote: On Mar 26, 1:47*pm, Short Wave Sportfishing wrote: On Wed, 26 Mar 2008 13:18:24 -0700 (PDT), "Robert M. Gary" I live in a pretty high tax state so generally when you sell something to someone you write two contracts. One for the state and another for the actual sale price. Of course the dealer can't do that. ;) It's still a minor consideration. Its about $1000. If I pay for taxes on the $14500 boat from the dealer I'm paying $1123 in sales tax. If I buy the $11,000 boat from the individual and we report it as $1500 to the state I'll pay $116. That's almost $1000 savings. -Robert Must be a stupid state if it doesn't check book values. -- John *H* (Not the other one!) |
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"Robert M. Gary" wrote in message ... On Mar 26, 4:03 pm, "Don White" wrote: "Robert M. Gary" wrote in ... I remember the time the guy I crewed with (Mirage 33 sailboat) invited a family with four rugrats. Man...was I glad to see the shore again. There's always one kid who gets upset/sick whatever and disrupts the whole trip. Too bad because the mom was a babe. My boys have spent more than a 1000 hours sitting in our plane flying over some pretty bumping areas of Mexico, Canada and the desert SW. We also spent some time in little fishing boats on the Sea of Cortez so I'm pretty sure they're able to handle it. ;) -Robert That's good to hear....now..what about the other family you were inviting..?? |
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