Comparable pricing model

[mojotank]

Hi, new to the forum and have been reading a ton of these threads. I'm looking to upgrade my current boat, I can get a new 2023 leftover at a discount. Is it a good to compare prices I see on boattrader for a used 2023 compared to the new 2023 'leftover". I know I need to take out the electronics as the new boat would need these installed.

Trying to make sure I'm getting a good deal as the 2023 leftover in another month or 2 the 2025 would be built. So my original thinking I should be in the 25% to 30% discounting on the 2023.

Thanks

 

[seasick]

A leftover should be a never sold boat. That kind of boat may not have electronic or other options making it difficult to compare apples to apples. My feeling is that a used boat of the same model year as a 'leftover' is generally a better deal with the caveat 'let the buyer beware'.
Whatever options were added to the original sale will also depreciate. A leftover boat that needs options added will be priced using the new sale options pricing with of course some adjustments. There are plenty of 2023 boats that are asking more than the list price of the 2024 new boat ( before options)
Used prices on sites like Boat Trader are only an indication of what the asking price is, not the selling price. Brokered boats can include broker markups but also may include warrantees.
I think you estimate of getting a 25 to 30 percent discount is unrealistic especially for the more desirable makes and models. Timing can be an important factor. Right now most of the annual expenses has been spent for the season so why not use it and sell in the beginning of the off season ( not so much for al year warm weather areas)

The best deals out there if you can find them are remorse boats. Those are the late model larger ( and high priced) models that many newbies bought after Covid but now have realized that 1, they no longer use them as much as they thought they would and 2, the ongoing upkeep and maintenance is a lot more than they thought..

 

[Coastboater]

Relative to model year, boats manufactured this month through May of next year are 2025’s, so a 2023 is now a 2 year old boat. I don’t think that has a huge impact on value as automobiles do.

 

[Beyond A Wake]

Remember to compare to boat show pricing. Normally you I have seen up to 30% discounts quoted as show price. Not sure about GW but I would use that as a guide. The other question is who owns the boat now, GW or a dealer? A dealer would have to add their capital cost to see where their breakeven is. If there are no electronics ie dealer installed equipment then as u say they have to be added to the cost or deducted and also now those electronics may be old as newer versions have emerged.
What kind of warranty is issued especially on motors and electronics, if that is less than a new boat would have their value goes down even more.

Good luck in negotiating and including good warranties, new is always new (shake down has to be done compared to a used one)

H

 

[Hookup1]

What a dealer sells a boat for has lots of variables. What is the cost of the 2023, 2024 and 2025 models? What is the inventory or build time for them? The dealer is entitled to make money on the transaction. I would just flat out ask and tell the dealer to help you decide what is the better deal. If they won't work with you to close a deal try another dealer.

You have to figure out how motivated the dealer is to sell that 2023. He may not have much to sell and won't discount much. There may not be much of a price difference between the model years.

If there is no inventory around don't expect a deal. I have two friends who bought new GW boats (large models heavily equipped) in the last few years. In both cases the dealer called them and bough their boats back for more than they paid for them. They had buyers that wanted that model equipped in a similar way and wanted it NOW! So the dealer got two sales out of it.

 

[mojotank]

Thanks for the replies. All our previous boats have been used and required either some minor fixes or additional electronics installed. Family demands have changed that are making us think to upgrade to a larger 27 to 30 foot boat. We will see how this goes and either jump in or hold off until end of the season. The intrigue on the new boat was the latest price drop which is around 18%. That made me think if I could get it down to 25% on a never owned before boat could be a nice deal compared to used boat.

 

[Fishtales]

For non current boats it really is the dealers play. Some discount a lot to move them especially late in the season so they are not carrying them they the winter. I think you have the best shot on a non current boat in Oct-Nov when the dealer knows he’s likely carrying it into the next spring.