Originally Posted by smj
I know this has been discussed elsewhere on this forum but when it comes to catamarans you can throw the nada book out the window. It's absolutely
useless. The only way you would find a 2000 model PDQ
36 for that price
would be sunk on the bottom. I'm of the opinion that if you get one of the earlier models in the low $100k range your getting a good deal on a great boat.
Is this a common thought just for the cat market? When I bought my Cal
40 for $16K equipped as it was, the range was (from memory) $12K~$19K, seller was asking $26K. I know the market is the selling price
, but for vehicles and vessels of value, a range has to be determined for the banks to finance. Are what you telling me is for a cat purchase
if financed, the buyer has to come up with both a 25% down on the appraised value of say $90K but add to that a difference in selling price vs appraised ? I think that alone would kill the market, there aren't many that do a cash purchase
. The buyer needing financing
would have to pay something over $70K in the down payment.