Ken,
That is cool that you have this info. Do you have the invoice for my
1989 37/40+ #30? I would love to see a scan of what you have.
Thanks,
Mark Baldridge
~~~~~~~~~~~~~~~~~~~~~~_/)
'89 C&C37/40+ "The Edge"
ZCC37030A989
Surf City, NC
On 2/20/2018 6:42 PM, Ken Heaton via CnC-List wrote:
A few more data points for you Paul,
I have the Factory Invoices for 16 of the C&C 37+ and XL showing the
price paid by the respective Dealers when they were sold new in 1988
and 1989. These are priced in US Dollars..
The average Factory (not Retail) selling price to the Dealer of these
16 boats is *US $105,881.00.* Add perhaps 20% for Dealer markup.
I have more invoices for 10 C&C 37+ and XLsold in Canadian dollars in
the same time period. The average is *$140,000.00 (Can $). Add
perhaps 20% for Dealer markup. *
I also have the Factory Invoices for 9 of the C&C 37R showing the
price paid by the respective Dealers in 1989 and 1989. These are
priced in US Dollars.
The average Factory (not Retail) selling price to the Dealer of these
9 boat is*US $106,494.36.*Add perhaps 20% for Dealer markup.
I have more invoices for 4C&C 37Rsold in Canadian dollars in the same
time period. The average is*$140,305.00 (Can $).Add perhaps 20% for
Dealer markup.*
*
*
*I have no record of what was actually charged to the purchaser except
in one case where the boat was sold to an owner in Bermuda, directly
by the Factory it appears. He didn't pay much more than a Dealer
would have.*
*
*
*Have fun with these numbers.*
*
*
*
Ken Heaton & Anne Tobin
S/V Salazar - Can 54955
C&C 37/40 XL - Hull # 67
Cape Breton Island, Nova Scotia
https://c-c-37-40.blogspot.ca/p/salazar.html
<https://c-c-37-40.blogspot.ca/p/salazar.html>
*
On 20 February 2018 at 18:52, Dreuge via CnC-List
<cnc-list@cnc-list.com <mailto:cnc-list@cnc-list.com>> wrote:
Ok, I went ahead and ordered an Abstract of Title from the USCG,
and it arrived today.
From what I see, there was Preferred Mortgage taken out in 1981
for $182,408.40.
It is not totally clear to me. This seems high. Maybe it included
extras and/or assumed interest. Playing around with a mortgage
calculator, I see that a $100k mortgage at 9% interest for 15
years gives a total cost of $182,568. But in 1981, the home
mortgage rates where around 15%. Working backwards from a total
cost of $182k at 15% interest gives a mortgage amount of $73,000.
Assuming that the original owners provided 20-25% down payment
would give an estimated sale price of $91k - $97k. Same ball
park as what Ed noted. The higher price may seem more
reasonable. A search on Google shows a listing for a 1981 LF38
for $89k and a listing of a 1983 for $110k in the Sep 1984 issue
of Yachting magazine.
Here is a summary of the USCG Abstract of Title-----
=================================================================================
This vessel was built at Middletown, Rhode Island in 1981 of
Fiberglass
by C&C Yacths, Inc. for Kiki Toro, Inc. as appears by Certificate of
Theodore A. Grant, Master Carpenter for C&C Yachts, Inc. Builder
GRANTORGRANTEEKindDate Consideration
-------------------------------------------------------------------------------------------------------------------------------------------------
Kiki Toro, Inc<owners>bill of sale3-23-81$1 and og and vc
All
<owners>Horizon Creditcorppref. mort.6-11-81$182,408.40 & interest
and pomc
All3-23-96Same as total amount
===================================================================================
-
Paul E.
1981 C&C 38 Landfall
S/V Johanna Rose
Fort Walton Beach, FL
http://svjohannarose.blogspot.com/
<http://svjohannarose.blogspot.com/>
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every one is greatly appreciated. If you want to support the list - use PayPal
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