Hi All. Gotta have a CD 22 Cruiser in Tacoma

Hi Rob,
sorry I missed your thread earlier, I spend a lot of time in the south sound and usually launch out of pt defiance. I didn't see, have you driven one of these yet? visit my photo album, its an '88 with a 90 and a 9.9.

If you haven't been on one yet we should hook up and you can come out on mine. the towability is the #1 reason why I have a C-Dory. they boat great though. :beer

I tow mine with a Grand Cherokee.
 
Wow, the bank says the boat is worth 25% to 30 % of the asking price. I wasn't planning on sinking that much Capitol. Now to see what the insurance company says.
 
Rob55":1skyc2rk said:
Wow, the bank says the boat is worth 25% to 30 % of the asking price. I wasn't planning on sinking that much Capitol. Now to see what the insurance company says.
Click to expand...

i'll shoot you a pm regarding that. its a common issue with boats.
 
Rob55":37p1cwlj said:
Wow, the bank says the boat is worth 25% to 30 % of the asking price. I wasn't planning on sinking that much Capitol. Now to see what the insurance company says.
Click to expand...

Typical banks don't have any idea about C-Dorys. For most of them, a boat is a boat... if they can't find a realistic number in a book (and you won't on C-Dorys), they work with a straight line depreciation as though it were a Bayliner or similar.

The C-Dory hull doesn't depreciate much. Engines and electronics do. Good luck convincing a banker with an NADA or a Kelly Blue Book differently. If you find you can buy any C-Dory for the price in those books, snap it up! The seller doesn't know what they have. I have seen one time here where someone offered a C-Dory for sale at "the book price"... they immediately took it off the market (when they were flooded with calls), then re-priced it. C-Dory owners tend to be experienced boaters, and know what their boat should sell for.

Owners of used boats aren't generally over-inflating the value of their boats if they want to sell them in any reasonable time. The prices on the "Boats for Sale" listings here are realistic; the prices in your banker's books are not.

Good luck with the search.

Jim
 
I was rowing a real 16' dory in the Chesapeake bottom fishing when I was 8. I've stood watch on ocean going vessels and a couple of sailboats I can't afford. When I saw the C- Dory and my wife liked it I commented, "That boat is 30 grand and it's 30 years old. I'd never seen one before. My wife didn't believe me on either count. She heartily disapproves of spending over 30 k for a new aluminum fishing boat. She hates most classic hulls I show her including a 20 year old whaler I was willing to repower. She was surprised to find out most of the C-Dories on line where around 35k and 10 to 20 years old. She was even more surprised when I told her not to worry I would just as soon buy the cd as a new metal fisher. The thing with the financing is just a pain. What ticks me off is the bank would finance the new boat at the drop of a hat for a great rate. The girl on the phone wanted to know if it had a tv, DVD player, stereo and dishwasher as options. Clueless. The saga continues. Oh the wife, this is the eighteen year old girl who said yes when I asked her if she would go fishing with me on the second date 40 ago.
 
Rob
Take a hard look at "Salmon Fisher" advertised above. Good boat if it is in your price range. Patrick will be more than fair.
Also look at a Credit Union for more realistic financing. I've had good luck with BECU and Horizon.
And if you and yours want a ride let me know.
Good luck
Rob
 
The credit union I use is Alliant. They use Nadaguides for boat pricing. I'm not sure what the other mentioned credit unions use; wouldn't hurt to ask. Some banks use BUCValu for pricing. Since I'm trying to figure out what boat to get also and am checking a bunch of boats on the internet, I felt it worth it to spend the $27.95 for monthly BUCValuPro. When you're talking thousands of dollars, that's not much. Compared with the four free pricing valuations you can get, the Pro level provides regionalized values that help bring the price a bit closer to reality. You can also add outboard and trailer values. Caveat: BUCValu pricing does not include other options. However, a local bank rep (Keybank) told me they can do 130% of BUCValu depending on condition and options. It might be worth confirming what your bank (or some other banks) can do.

Just to pass on another tip... If you have excellent credit and a sizable down payment, it may be worth the $50 or so to join Costco. They have boat financing through Essex and at a lower rate than Essex, sometimes about 0.5%. Depending on the term, that can add up. Essex uses Nada, though, so valuations are way off.
 
My bank agreed to assign nada value to the hull end then add on the two motors and the trailer. They will go 120% of the sum. That should get us close. I did plan to put a little down too. I told the loan agent when she gave me her first appraisal, "great! Have one delivered to my door at that price and I'll give you a 10% finders fee. No sense of humor, these bankers.
 
Back
Top