2007 Tige 20v LOADED for $39,999

[da.bell]

The market is turning around from what I can see at work. Just slowly and the forecast is a slow recovery into 2012.

As for the price of the boat, it will be interesting to see what the potential buyer's financing is and if the bank will approve that much above and beyond NADA value. I hope you can get the value you want on the boat and if you do, that would definitely be a good sign that the economy is doing a little better.

[chpthril]

The market is turning around from what I can see at work. Just slowly and the forecast is a slow recovery into 2012.

As for the price of the boat, it will be interesting to see what the potential buyer's financing is and if the bank will approve that much above and beyond NADA value. I hope you can get the value you want on the boat and if you do, that would definitely be a good sign that the economy is doing a little better.

Lenders will never lend more then market value. If there was a total loss, the insurance company will only cover the insured amount, which will never be more then what its worth, and that would leave the lender holding the bag. Even if the purchase price is below market, lenders will almost never lend 100% of said purchase price as this leaves the buyer without any vested interest.

I had hesitated to post in this thread for fear of the route it has gone. But, here are my anyway. I was in the boat sales side of things as the economy and boat market train wreck was beginning to happen. It's hard to find buyers for new boats because SO many boat owners hit tough times and either had to dump their boats or lost them. This flooded the market with cheap pre-owned boats. Things changed so fast, NADA books were useless. If you weren't on the market, you got left with all your profits in a back-end deal (trade in) that you couldn't get out of. The reason all your money was in the trade, was that you gave the new boat away just to get it off the floor. The next problem was that so many peeps were upside down, that they either could not get out of the old and in the new, or you where adding on 10K of negative equity to the new deal. Now the new boat is 20K upside down as soon as it leaves the lot.

There are tons of deals out there, but unfortunately, its a buyers market. And to be honest, options will draw attention, but do little to bring extra money. Good luck to ya, I hope you get all the money. If I took this boat in on trade, I would give you $20K and hope to get $24K on resale. This is not meant to be an insult, just the thoughts of someone that is in the boating industry.

[da.bell]

^^^ Agreed and the reason why someone will need to put a huge down payment on it. There are people out there that can/will do that. It will be hard to find but if the seller is not in a rush, then things will definitely be better for him.

[talltigeguy]

I appreciate all the comments, even yours AJ. I didn't mean to sound defensive, it's just that the only thing thats going to help turn the market around is consumers positive thinking.

Not really. Positive thinking cannot necessarily change the economic realities of the last 10 years. The huge boom was built on a bubble and now it is time to repay all the money that was made in the boom years. We thought we were getting something for nothing. I couldn't believe it in my area when people were just flipping homes and making a lot of money for very little work.

To change the subject to the original post/poll, Mastercraft is not going to sell a boat for 30K more than a Tige. I was offered 49K for an X-2, which would be a close comparison to the 20V, with some limitations. I don't think I could find that price today, but 55K is not that unusual. A 2010 20V would be at least as much as the mid 40's that 2 different folks above stated they paid for theirs 2 years ago. There is no doubt in my mind that Tige has positioned themselves to compete with the big 3...in both quality AND cost. The days of comparing Tige to Centurion and Sanger are over.

[Carter13]

My wife and I bought our 05 Avy last year and got 100% financing and that included taxes. I will say that we got it for $7000 below low Nada so no problem there.
One month ago we bought a new 2010 camper and again got 100% financing. In fact our credit union said it would lend us 105% financing. Again we got a great price on the camper so no problem.
In talking to the financial lady at the RV business she said they were having a hard time getting people financing through regular banks. She mentioned that only credit unions were loaning on RV's.
My wife and I have belonged to the same credit union for over 14 years as well as our current employment in government. We also have outstanding credit scores with NO DEFAULTS on any loans past or present.
One thing to remember is that the banks look at years of employment, credit scores and obviously defaults of loans.
There are banks loaning up to and above 100% of financing but only to those that can AFFORD it.
Deadbeats need not bother unless with major cash in hand.
Townbrown is in denial if he thinks someone is going to give him what he owes on his 20V which is obviously close to $40,000. Even if he finds someone, a bank is only going to lend high Nada which is $32,000.

[townbrown]

Thanks AJ! I dug a hole of credit cards too deep and need to pay them off for the next few years. I'd love to get an RZ4 next - but will most likely purchase it with a partner next time.

As for NADA and other cost comps - good information to know. With the crash so hard for two years, I think that our boats will appreciate in value, before they decline again - instead of a steady decline as assets normally go. maybe just not this year like I was hoping. IT would be great to have a CPA chime in and let us know if thats a possibility.

[petrey10]

The crazy thing about the boat market is that I see boats listed for a wide range of prices, depending on condition, market and location. I've seen this same boat priced between $28K and $44K. I've also added the ballast, which is not a stock item with this model. This boat is better than new.

I've seen other boats similar to this go for up $50K. I'm very glad that you both got great deals on a new Tige in 2008 (the year of the performance boat great depression) where dealers in AZ only sold 2 to 5 boats all year! But, things are turning around and values are coming back up.

This is a great boat for the price.

if the boat has hours on it....its not better than new... its strictly a matter of economics... its a beautiful USED boat... I wouldnt give you anything over 33000 for it and that is on the high side to me

[townbrown]

It's great to hear that a lot of people got unheard, smashing deals on luxury boats in the last two years. You'll come out ahead - like a good investment in the stock market. It won't be like that forever. I don't think that two years of downfall overturns an industry that's been thriving since the 90's. It WILL come back. It's dis-heartening to hear all the hope that has been given up - as if the market will be down for good. Oh well, I'm an optimist.

I'll see you on the lake!

[highrock]

You can think all you want about the market coming back, but its not going to do anything with these used boat prices. NADA wont go up. New prices are on the up which may help out some. Tige has increased price both of the past two years, but the boats are getting better as well. You are selling a used boat, so its not new, and will not come with that warrenty that justifies the cost of buying new.

Like Chpthrill I worked in boat sales right before/while it was tanking and we did anything we could just to get rid of the boats. It seemed like everything went for dealer cost and was just disheartening. I know the dealer I worked for still has 2008 Z1's that he will sell for what your asking for this boat, and they are new with warrenty and just as many if not more options than what you have.

Good luck with your sale, and none of this was meant to be offensive, thats just how things have turned out. I hope the economy does turn around and it will eventually. It makes you sick to see these boats worth so much less only a couple/few years old.

[Carter13]

Reality check for everyone here.
You better be carful how you purchase your boat, car or rv no matter what the manufacturer is or if it's new or used. Our economy is still in for some serious $hit until at least the last of the bad home loanes are purged from the market and this is supposed to happen by the end of this year.
I personally think the boating and RV market will start to improve in 2011but I don't think it will be until the fourth quarter and that is being optimistic. I really hope to be wrong but between my wife and I that are in Government here in Washington State we are not hearing anything good for the next two years.

[da.bell]

Reality check for everyone here.
You better be carful how you purchase your boat, car or rv no matter what the manufacturer is or if it's new or used. Our economy is still in for some serious $hit until at least the last of the bad home loanes are purged from the market and this is supposed to happen by the end of this year.
I personally think the boating and RV market will start to improve in 2011but I don't think it will be until the fourth quarter and that is being optimistic. I really hope to be wrong but between my wife and I that are in Government here in Washington State we are not hearing anything good for the next two years.

Bad home loans??? Dude, we are waiting for the bad commercial loans and the commercial property to start foreclosing.

[townbrown]

True DAT.

But...getting back to the BOAT topic. I started looking for my 2007 20v in 2006, when the listed stock price was $57,000! I talked him down to $48,000 and thought it was a great deal. It was the Spencer boys in Mesa, who have since sold the place to some RV guy on Main (thats a whole other story/thread). But now (based on this thread), turns out it was not such a great deal. If I had only waited 18 months! It's hard to believe now the RZ1 are going for $40k!

Alright, I'll let it go for now. Thanks for all the input guys. I'll be out at Saguaro, AZ doing some fishing this Sunday. Maybe I'll see you there?!