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Thread: 2003 Magic Deck Boat 42k

  1. #31
    Sandbar Mike
    When are you going to sell me your cheetah??

  2. #32
    hkunz
    Unfortunately, the banks use it as a depreciation guide
    when doing loans.
    As for the current market value of a 2003 Magic deck with
    normal wear and tear and 496HO. It's worth whatever
    someone will pay for it! My guess is around $70,000 to
    $75,000. I currently know of 2 for sale, a 2005 for $85,000
    and a 2006 for $90,000.
    That is exactly what we found when shopping. The problem with the asking prices of those almost new boats is the delta is what i would have to come up with for a down payment. We looked at a gorgeous '06 asking 114, and another asking 109, but the NADA on both was 81. The delta of 33 grand was about 30%, more than I wanted to pay as a down.
    We also found that NADA didn't take into account nice upgrades, like stereo - the choice is CD, 2 speakers, or 4 speakers. Even cheap car stereo systems don't have only 4 speakers any more. Polished, powdercoated, or anodized hardware - not even listed as a possibility.
    Those kinds of issues make the used market soft, IMHO, especially when combined with today's real estate market.

  3. #33
    2forcefull
    When are you going to sell me your cheetah??
    today

  4. #34
    Sandbar Mike
    ????$$$$$$
    PM Me,

  5. #35
    2forcefull
    call me, 702-656-4007 steve

  6. #36
    2forcefull
    wanna take it out to havasu this weekend?

  7. #37
    2forcefull
    When are you going to sell me your cheetah??
    see ya on the water

  8. #38
    2forcefull
    Wow. That's bad ass.:jawdrop:
    whats a brand new in the box, never opened, new style bravo 1
    worth?

  9. #39
    riverroyal
    At the risk of sounding like I'm using a bit of intellect or
    common sense, those that aren't familiar with the NADA
    book will be surprised to find that they don't use "sales"
    data to get their figures like the Kelly Blue Book does
    for cars and trucks. They ask what the NEW price is and
    they depreciate a certain percentage for each year. Always the same percent for all companies. In other words, they
    depreciate a Bayliner at the same rate as a Skater, Schiada,
    Magic, Conquest, DCB and Baja.
    Years ago when selling Conquest deckboats I had a banker
    call me and rip me a new one. I had taken a deposit on a
    1994 Top Cat deckboat with a sales price of $60,000. He
    was shocked to see that the book on it at the time was about $18,000 and he thought I should be ashamed!
    2Forceful is absolutely correct. When you trade something
    in, the NADA book is right there to be found and used. When buying a used boat, the NADA book instantly becomes lost and is never to be found. That's because it
    has nothing to do with reality and their numbers are always low. The smart boat builders inflate their numbers
    when submitting them to the NADA people each year!
    Unfortunately, the banks use it as a depreciation guide
    when doing loans.
    As for the current market value of a 2003 Magic deck with
    normal wear and tear and 496HO. It's worth whatever
    someone will pay for it! My guess is around $70,000 to
    $75,000. I currently know of 2 for sale, a 2005 for $85,000
    and a 2006 for $90,000.
    looks like my guess was close.Id sell mine for 88K

  10. #40
    NashvilleBound
    So if a 2005 for $85,000 and a 2006 for $90,000 are for sale with 496's...... Is my 2005 with the Ilmor 625 and every possible option a good deal at $107k?????

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