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Old 26-04-2012, 16:03   #1
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Gemini for $262k?????

One on yachtworld for $262,000 in NZ. If they can get it, I need to start buying used Geminis and sailing them to NZ for a $100k profit.

2007 Gemini 105Mc Sail Boat For Sale - www.yachtworld.com
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Old 26-04-2012, 16:44   #2
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Re: Gemini for $262k?????

In the time honored words of Darryl Kerrigan - "Tell him he's dreaming"
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Old 26-04-2012, 17:43   #3
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Re: Gemini for $262k?????

Sounds crazy from here, but I think there are major import duties and taxes that are paid to get them into the country.

Same applies to Australia I believe.

Can anyone from ANZAC comment?
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Old 26-04-2012, 21:26   #4
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Re: Gemini for $262k?????

15% import duties made up of 10% GST and 5% import duty for Australia.

Purchase price of $130k
$15k in enhancements to tidy it up and turn it into a half decent cruiser
$20k delivery crew and Panama
Circa ~$190k

If it was a near new one, in theory you'll could get close to $262k to have it delivered.

You don't get a lot in AU/NZ for that much. A tired Seawhinge 1000 or a 15 year old Fountaine Pajot maybe.
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Old 26-04-2012, 23:07   #5
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Re: Gemini for $262k?????

There is a broker on the Gold Coast (Qld) offering new Geminis 105mc for 299K.
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Old 26-04-2012, 23:18   #6
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Re: Gemini for $262k?????

The kiwi dollar is at 83cents to U.S. today so that may effect your price and 15% GST for the seller to pay when the boat is sold will push the price up a bit. I am from California and it has been my experience that kiwi's are very patient and will wait for what they think is a fair price for a loooong time. Once a Californian is ready to get rid of something he is ready to move on and will bargain down in a fairly short time. Generalization of course. Joe
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