[Rhodes22-list] Rick Zeisler, a reply...

[Just bent]

When I applied for a loan for my 1990 Rhodes 22, the bank never asked about a
survey. They went to the NADA website & asked me the questions about the
features the boat had. Lots of features it had were not on there list. They
didn't care about those. They used that # to figure how much they would loan
for that boat. Stan did my survey from memory. He said it was in pretty good
shape, well worth the money so I bought it.
Does it need some thing fixed? Of course. Thats part of it unless you buy
new.
Jb


MichaelMeltzer wrote:
> 
> Maybe for small power boats, but it rely does not work that way. It what a
> surveyor says. The problem is who are dealing with at "low cost boat" (as
> in
> boat price increase to the 3.5 power) do not nominally play with that type
> of broker/insurance/documentation/financing. A new boat can loose half it
> value in 3 years and a 10 year boat can be worth more than a new boat. All
> depends. Also there is only 10,000 sail boats made every year(from the 19
> fly scott to 70 foot Hinkly, it a very small market.
> 
> -mjm
> 
> ps. Banker love sailboats, always finance unless your credit is really
> screwed up(or they think you can not afford the boat). It their dream to.
> It
> not like a car loan at all, where the paper is sold on the secondary
> market
> or a "repo" man can always get the asset. It some of the last private
> banking around. 
> 
> 
> -----Original Message-----
> From: rhodes22-list-bounces at rhodes22.org
> [mailto:rhodes22-list-bounces at rhodes22.org] On Behalf Of Just bent
> Sent: Tuesday, June 12, 2007 11:59 PM
> To: rhodes22-list at rhodes22.org
> Subject: Re: [Rhodes22-list] Rick Zeisler, a reply...
> 
> 
> Ed,
> none of that matters to the banker, he writes the loan based on that #.
> What
> the boat is worth to a perspective buyer is up to the buyer.
> Jb
> 
> 
> 
> Tootle wrote:
>> 
>> Reply to Rick Zeisler:
>> 
>> The price for any Rhodes 22 is like pinning a tail on a live tiger.  The
>> task cannot be accurately set by a wholes/retail price book.  
>> 
>> There are such issues as IMF?  What is condition of boat?  Trailer?  Has
>> the boat gone thru a recycle?  Is there a motor?  What year is motor? 
>> Was
>> the owner maintenance handy?  Yada, Yada.
>> 
>> A 1988 Rhodes 22 might be fairly priced at $5,000, $10,000, $15,000 ,
>> $20,000 or whatever.  It depends on many variables.
>> 
>> All the above does not take into account the availability of a used
>> Rhodes
>> 22.  A brand new boat at $40, 000 might be a value deal because of the
>> differences put into a brand new boat.  A recycled boat from General
>> Boats
>> comes with warranties and upgrades.
>> 
>> Ed K
>> Greenville, SC, USA
>> Addendum:  Why doesn't glue stick to the inside of the bottle?
>> 
>> 
>> 
> 
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