Florida has recently changed their tax rules, they've DOUBLED the time you can keep a boat in Florida after purchasing her from 90 Days to 180 Days! Good news that. No rush to get out of state. Stay and enjoy our waters.
same as it ever was. It's a TRUE buyers market and CASH IS KING.
If "x" amount of boats are selling for "x" prices- then that's the market value for that boat. 7/09- now new yacht repossessions are arriving from boat dealerships who've gone out of business. You wouldn't believe the low price offers coming in for some of these boats! Crazy market. On one hand you have tens of thousands of "sellers" with their boats priced hundreds of thousands of dollars over what they are actually selling for on the brokerage market, and then on the other you have "buyers" who want to buy repo's which are already lower priced than non-repos boats=but buyers are NOW wanting to buy brand new boats at prices 50% LESS than the DEALER paid!! For example a month ago- a boat is asking $900k owned by a dealer- this month it's been repoed and people are actually offering less than $300k for it. Talking NEW boat here not pre-owned. So what do you think they will offer for a pre-owned boat? CRAZY TIMES. Makes for a static market doesn't it?
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