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walb0244 Outlaw
Joined: 05 Aug 2009 Posts: 122 City: Terre Haute
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Posted: Apr 10, 2010 12:37 pm Post subject: 2006 Moomba Mobius |
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Put $300.00 down on a 2006 Moomba Mobius. They were asking 19,900 and it had everything I wanted. Thought it was a good deal. Don't have pics of it just yet. The only thing that was concerning is when I looked the boat up on NADA I put all the things listed on the boat and it put the price up a bit from what they were asking so thought really good deal. When I called my bank they said they would only loan me 16,000 on the boat. So is NADA wrong or my bank? Doesn't matter to me either way. I just thought the price was good on the boat but after talking to bank now I don't know. |
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Suprahunter Soul Rider
Joined: 28 Apr 2008 Posts: 486 City: Lowell
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Posted: Apr 10, 2010 5:02 pm Post subject: |
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Banks dont like to lend money on depreciating assets they dont know anything about. They feel better if you have your money in it . NADA is only their opinion of value. |
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STANG KILLA SS Wakeboarder.Commie
Joined: 16 Feb 2008 Posts: 2086 City: Killeen TX
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Posted: Apr 19, 2010 6:49 am Post subject: |
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thats a great price. LSV i assume?
i paid that for my 03 mobius LSV last year. _________________
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jjaszkow Wakeboarder.Commie
Joined: 25 Jul 2006 Posts: 2124 City: Some Airport
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Posted: Apr 19, 2010 10:15 am Post subject: |
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Looks like a pretty decent deal for that boat. Lending has really tightened up over the past few years, and a lot of banks are looking for much larger downpayments than they had in the past, especially on recreational purchases. Did the bank indicate why they would only loan you $16,000? I suspect that they likely have a 20% minimum downpayment requirement.
I've not had the best luck with the NADA website for calculating boat values. They seem to vary quite a bit from actual selling prices in a lot of cases. |
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ridininmd Wakeboarder.Commie
Joined: 16 Feb 2006 Posts: 1231
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Posted: Apr 19, 2010 12:16 pm Post subject: |
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When you look it up on NADA keep in mind that standard features are already included in the value. For example if the boat came with a tower standard you don't check that box when you look up the value. |
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walb0244 Outlaw
Joined: 05 Aug 2009 Posts: 122 City: Terre Haute
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Posted: Apr 19, 2010 1:43 pm Post subject: |
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Maybe that is where I messed up is with adding the stuff that was stock on the boat. But ok. I have looked online and haven't found a better deal from what I can see. I mean like said here by Stand Killa:
STANG KILLA SS wrote: | thats a great price. LSV i assume?
i paid that for my 03 mobius LSV last year. |
He paid that for a 03 Mobius LSV. So I was shocked. I've seen 2006 Mobius LSV on onlyinboard.com for up to 28,000. I'm going ahead with the boat. I think it is a good deal. My father-n-law says that a good deal is all in your head. So as long as you are happy that is all that matters. |
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BMW_TT Newbie
Joined: 18 May 2010 Posts: 29 City: Plano
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Posted: Jun 02, 2010 1:45 pm Post subject: |
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That's a great deal on an '06 _________________ www.kstargear.com
Promo code "KSTARGEAR" for 10% off your entire purchase |
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seeajgo Newbie
Joined: 15 Apr 2010 Posts: 21 City: Copperas Cove
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Posted: Jun 04, 2010 12:47 am Post subject: |
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Hope, not to offend you but you need to come out of your pocket more than $300 down. It is a great deal IF the boat has reasonable hours and in good to excellent condition. |
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walb0244 Outlaw
Joined: 05 Aug 2009 Posts: 122 City: Terre Haute
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Posted: Jun 04, 2010 6:48 am Post subject: |
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I already got the boat now. I only had to put 300 down. That was all the dealership wanted for them to hold the boat for me. It wasn't that I was being a tight ass. |
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jjaszkow Wakeboarder.Commie
Joined: 25 Jul 2006 Posts: 2124 City: Some Airport
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Posted: Jun 04, 2010 11:49 am Post subject: |
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do you have pics of your new ride? |
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smokinheels10 Outlaw
Joined: 10 Apr 2010 Posts: 100
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Posted: Jun 04, 2010 6:51 pm Post subject: |
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$300 door is more than enough down on a $20k boat as a deposit. When buying a home for $140,000 around here you don't have to put more than $1k down.
walb0244, any pics? |
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pickle311 Newbie
Joined: 17 Sep 2006 Posts: 48
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Posted: Jun 23, 2010 10:56 am Post subject: |
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If that's an 06 LSV then it's a smoking deal. You generally don't see the 06 and newer LSVs for less than $30k. I'm betting it's an Outback V for that price, and still a good price on that one too. |
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Enygma Soul Rider
Joined: 26 Jul 2009 Posts: 356
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Posted: Jun 23, 2010 10:03 pm Post subject: |
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smokinheels10 wrote: | $300 door is more than enough down on a $20k boat as a deposit. When buying a home for $140,000 around here you don't have to put more than $1k down.
walb0244, any pics? | Around here we have to put 10% down and to get a reasonable house is around 250,000. Alberta real estate is crazy atm. |
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