Boat Prices

D

DougLas

Well-Known Member
Dec 13, 2008
875
Lake Erie
Boat Info
39 Express
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454
Taking into consideration the cost of new boats. How many members are looking at buying a new 40 to 45 ft Sea Ray?
 
Oh I stand corrected. Now back to the real content of the question. A friend owns a 2008 4 Winns 36 ft cost one hundred seventy thousand in 2008. Today same boat over four hundred thousand.
So at these prices being what they are today is anyone considering a new boat.
From any boat manufacturer?
 
DougLas said:
Looking at the Sea Ray new boat website 40 to 65 foot boats still sold new
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Yes, their website is not up to date (although, maybe they are keeping the reference information up for people who have already purchased a 40+). If you try to order one, only 40 and under. The last 650 fly for sale just came to me in an email, but it was built in 2018, all the others have been sold.
 
Boats have incredibly high MSRPs.

Each manufacturer has a different pricing model, but in most cases it seems dealers knock of 20% right out of the gate; you don't have to even beg for it.
 
if no one was buying new boats they wouldn't be making them
 
I am asking the club members the question. I have a friend that is owning his second 7.5 million dollar Viking within the last 5 years. Looking at the center counsel boats here in Fort Myers beach reaching sizes of 40 ft and up with 3 to 4 outboards on them. The prices in the Five hundred thousand and up range That is why the question was imposed.
 
DougLas said:
I am asking the club members the question. I have a friend that is owning his second 7.5 million dollar Viking within the last 5 years. Looking at the center counsel boats here in Fort Myers beach reaching sizes of 40 ft and up with 3 to 4 outboards on them. The prices in the Five hundred thousand and up range That is why the question was imposed.
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The market is shifting. Don’t think it is primarily driven by MSRP.
 
DougLas said:
I am asking the club members the question. I have a friend that is owning his second 7.5 million dollar Viking within the last 5 years. Looking at the center counsel boats here in Fort Myers beach reaching sizes of 40 ft and up with 3 to 4 outboards on them. The prices in the Five hundred thousand and up range That is why the question was imposed.
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Quite simply there are enough people who have the money and willingness to buy a multi million dollar boat to support the industry. However, you have to recognize that Sea Ray by taking itself out of the big boat market made it less stressful on those companies that remain to continue.

That said you also have to look at the products and how they are sold. One of our friends are currently having a Sabre 48 built for them. That is “built” in the same context as building a custom home. Their choices went beyond the usual choice of fabric colors to the level of a custom floor plan. From what I understand from our salesman is that this is not unusual.
 
I try not to buy anything that I can't sell for $10K more the next day. So, used boats in perfect shape have worked out ok.
You guys that get a lot of boating time, I am jealous, but we go to MX races, have a motor home, and horses, so it is hard to get extravagant with one particular hobby.
 
Bridog said:
Lots of people buying new boats. https://www.nmma.org/press/article/22428
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"Sixty-two percent of boat owners have a household income less than $100,000."

I noticed they left out the financing numbers. Perhaps someone here has that data.

The same growth could be said about new car sales, yet the financing numbers tell a troubling story... Debters able to roll their debt from a previous car into a new one. It's unethical and poor business practice and we've seen what happened before.

I scratch my head at the comment, "The economy is doing great".... Tell me what economy wouldn't look good when the Gov't is printing money? What family wouldn't look like they are billionaires if they run up their debt without any consequence of paying it off.....

The private equity guys learned a great deal last downturn, and IMO, this time they are waiting, and it will be worse...
 
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Not buying a new boat this year but have bought 6 or 7 over the years we spent boating. I always felt a little guilty cutting the checks because they truly are bad investments and a waste of money. That said, we had a lot of fun with every boat we bought. Now that our last boat was sold this spring, I'm kind of amazed at the improvement in our discretionary income. I enjoyed spending money to keep our boats in good condition and adding new equipment, but when you stop it also feels good.
 
Boat Guy said:
"Sixty-two percent of boat owners have a household income less than $100,000."

I noticed they left out the financing numbers. Perhaps someone here has that data.

The same growth could be said about new car sales, yet the financing numbers tell a troubling story... Debters able to roll their debt from a previous car into a new one. It's unethical and poor business practice and we've seen what happened before.

I scratch my head at the comment, "The economy is doing great".... Tell me what economy wouldn't look good when the Gov't is printing money? What family wouldn't look like they are billionaires if they run up their debt without any consequence of paying it off.....

The private equity guys learned a great deal last downturn, and IMO, this time they are waiting, and it will be worse...
Click to expand...

Not sure I follow your logic from a statistic related to boat owner demographic to the pending collapse of the economy.
H
 
DougLas said:
Oh I stand corrected. Now back to the real content of the question. A friend owns a 2008 4 Winns 36 ft cost one hundred seventy thousand in 2008. Today same boat over four hundred thousand.
So at these prices being what they are today is anyone considering a new boat.
From any boat manufacturer?
Click to expand...

Which model Four Winns? Overall - new boat pricing is out of control, however discounts are still very large.

In 2012 - I bought a 4 year old FW 33' for 95k. They had a brand new, 2011 next to it, exact same model, new asking 195k (MSRP was 250ish I believe). Four Winns no longer makes those boats in 2019 - they only make the "coupe" model - smaller but more enclosed and no canvas. MSRP of roughly 400k. Over the summer, for 25% of that - I bought the 37' Four Winns, '07 model.

I really need you guys and others to keep buying new boats and more of them! VERY slim pickings on the used market.

As to the financing, personally I feel it is being overextended again. New pickups MSRP are bumping $70,000 - heck my 2019 Ram was pushing $60,000 and I didn't check all the boxes. Of course, you can finance them for 84-96 months with no problem and roll over any debt from your trade in....
 
I would wager that new boat sales in Canada are about to take a nose dive....our newly re-elected Liberal government under GQ trudeau has proposed a 10% luxury tax on top of our 13% Harmonized Sales Tax on purchases over $100k (this will also apply to aircraft and cars) .....so how do you feel on paying almost 25% of purchase price to the government for nothing !!! Read between the lines....make the rich pay.
 
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