Boat Shows 2024

[cucv]

My local dealer has their super low hour demo 23 SL sale pending at $154.9k

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[Zog]

Our dealer offers to allow you to sell directly through them for a small fee to help minimize the sales tax hit of a new boat. You are the seller though and they will not transfer funds to you, as they are essentially a broker. That way you still get the tax advantage of a trade in, but they aren't out the boat cost if it doesn't sell. It is a significant advantage in your return.

[KnoxMojo]

Our dealer offers to allow you to sell directly through them for a small fee to help minimize the sales tax hit of a new boat. You are the seller though and they will not transfer funds to you, as they are essentially a broker. That way you still get the tax advantage of a trade in, but they aren't out the boat cost if it doesn't sell. It is a significant advantage in your return.

Shouldn't really advertise that as it's a big gray area and the dealer could get in trouble with the state. I realize it happens a lot, but supposed to be on the DL.. lol

[Mobius22]

Shouldn't really advertise that as it's a big gray area and the dealer could get in trouble with the state. I realize it happens a lot, but supposed to be on the DL.. lol

First rule of avoiding tax club, you don't talk about avoiding tax club

[j.mo]

That’s really not a new type of thing is it?
Trade ins on vehicles work the same way.
If I’m buying $100k truck, and I trade mine in for 70. I only pay sales tax on the difference. ($30k)


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[KnoxMojo]

That’s really not a new type of thing is it?
Trade ins on vehicles work the same way.
If I’m buying $100k truck, and I trade mine in for 70. I only pay sales tax on the difference. ($30k)


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There's a huge difference. 1 is a legit trade in, the other is called a pass through as you're not technically trading in, the dealer is facilitating a private sale to a third party but showing it as a "trade".

[mgswake]

Good point on private sale vs dealer trade. I just thought the trade in value would have been a little closer together. Like I said before the numbers were so far off I didn't think for more than two seconds. Maybe I haven't bought enough boats yet to get the repeat customer treatment. If I was really 100% set on an upgrade, for that price I'm looking for a used paragon over any new Supra.

[sandm]

Maybe I haven't bought enough boats yet to get the repeat customer treatment.

I wouldn't call it not being a repeat customer. the market is slowing and no dealer wants to get stuck with a boat that they can't peddle easily regardless of a new purchase.
someone else mentioned earlier that with what these cost now most are going to hold out for the exact boat they want new or used and your boat is now appealing to the exact pool of buyers rather than the masses of the last couple years taking anything because it's all that's available. dealers know this.

selling private party can be a good way to go DEPENDING on the situation. netting an extra 25k on a boat sale can sound appealing BUT if your tax liability on that deal now goes from 95k difference to full boat price, here in nevada you now ate up half that profit in tax loss not even talking about your time dealing with all the tire kickers and working the sale. lots of moving parts to consider.