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  2006 Montauk 170 trade in value

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Author Topic:   2006 Montauk 170 trade in value
GreatBayNH posted 08-30-2007 06:44 PM ET (US)   Profile for GreatBayNH   Send Email to GreatBayNH  
I got an ad-hoc trade in offer from a boat dealer via e-mail today.

And I quote "I can give you the fantastic Trade in value of $18,750 on the boat as it is a type fo boat that people in our area use quite a bit."

I have a 2006 Montauk 170 with
90HP EFI engine
Bow Cushion
Fishing Package
Swin PLatform

60 hours on engine.
Hull and engine in excellent, like new, shape.

Is that a typical trade in offer? I e-mailed back I could get 21 to 22K for the boat tomorrow if I wanted. Was that out of line?

Just curious...

-Seth

Sal A posted 08-30-2007 06:55 PM ET (US)     Profile for Sal A  Send Email to Sal A     
You probably could get $21k privately. Is there a tax advantage in your state to trading it in? In my state we pay sales tax on the portion of the sale above the trade-in value.

IE In New Jersey, at 7% let's say that is about a $1,100 tax advantage. So IF you were in the market for a bigger boat, you would compare Dealer $19,850 with maybe $21k if you did it yourself on the outside. If you sold it by yourself you might have to pay a few hundred in advertising fees though. And clean the heck out of it. And deal with my cousin calling you and not showing up.

And maybe the dealer is hurting so bad for profit that he will lose $2,000 cheerfully on your boat trade-in, if need be, so that he can make $8,000 on that shiny new one he wants to put you in.

GreatBayNH posted 08-30-2007 07:19 PM ET (US)     Profile for GreatBayNH  Send Email to GreatBayNH     
He did mention those points.

And I quote: "Also, you will save
$937.50 in sales tax had you not traded the boat in. So you are actually
getting $19,687 for your boat. Also, keep in mind you don't have to deal with
advertising or a broker which would cost another $2,000 approximately."

I'm a tax free NH resident so don't pay a sales tax whether I purchase in state or not. If I owe a sales tax for selling out of state I will not do so.

21K you say? I'm not selling. I love my Whaler!

-Seth

Maximus posted 08-30-2007 08:55 PM ET (US)     Profile for Maximus  Send Email to Maximus     
A Boston Whaler dealer in Ma has offered a trade-in deal on my 03 Montauk 170 for the past few years. They were willing to give a full price trade in on what I originally paid on a new Boston Whaler.
GreatBayNH posted 08-31-2007 10:19 AM ET (US)     Profile for GreatBayNH  Send Email to GreatBayNH     
Just to clarify..they are offering you, as a trade in value, the same amount of money you paid for the same boat in 2003?
gbcbu posted 08-31-2007 03:46 PM ET (US)     Profile for gbcbu  Send Email to gbcbu     
Hey are you biting.

Earlier this season the dealer I bought my boat from offered the same deal as Maximus. Trade in for what I purchased if I bought one of the several BW's they had on sale.

If it happens again in 2 years I might...might bite but to be honest the 170 is just fine.

How'd the season go?

GreatBayNH posted 08-31-2007 04:47 PM ET (US)     Profile for GreatBayNH  Send Email to GreatBayNH     
Season is still on, no? I'm not thowing in the towel until October. ;-)

I hope to get out this weekend if possible.

gbcbu posted 08-31-2007 07:30 PM ET (US)     Profile for gbcbu  Send Email to gbcbu     
My season is still going too. We are going out Sunday and Monday. Still need to catch that striper. Put up a portable canvas garage today to get ready for storage. Got one quote for winterization...between 250 and 350 soup to nuts. Seems a little high and am still shopping around.
Take care..

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