Boat Delivery

Discussion in 'General Discussion' started by stme1234, Dec 13, 2018.

  1. stme1234

    stme1234 New Member

    18
    Jul 8, 2017
    Warwick RI
    2017 SeaRay 51 FLY
    Cumming QSM11-715 diesel
    I am buying a SeaRay from Marine Max and they are requesting I pay for it first and then take delivery when ready for the water. I am concerned they will not get it ready in a timely fashion once it’s paid for. What are your thorughts?
     
  2. Korkie

    Korkie Active Member SILVER Sponsor

    440
    Feb 2, 2016
    Leonardtown, MD Potomac River / Chesapeake Bay
    340 Sundancer 2006, Garmin 7612, xHD Radome
    Merc 496 Mags
    Bravo III Drives
    I think this is a common practice when purchasing this time of year. Have some friends that just did this with Prince William Marine. They have purchased the boat (310) and PWM is doing the needed repairs / fixes with an in water delivery date of April 4. What do you mean by "ready for the water"? If you are concerned put contingencies on the deal or have the final payment held in escrow. Personally I would withhold some portion of final payment until they provide a final finished product. Just keeps everybody honest.
     
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  3. stme1234

    stme1234 New Member

    18
    Jul 8, 2017
    Warwick RI
    2017 SeaRay 51 FLY
    Cumming QSM11-715 diesel
    Thanks, yes I agree on holding back funds they claim that is not an option. I need to trust they will get the work done in a timely fashion.
     
  4. bahamabreisus

    bahamabreisus Well-Known Member

    Oct 25, 2007
    Hampstead NC
    500 dancer, previous 420,390,300 dancers
    detriot 8v92
    I would tell them you are holding back 10% or not closing, see if that doesn't change their attitude. There is no way I would pay in full, and I am a broker
     
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  5. Korkie

    Korkie Active Member SILVER Sponsor

    440
    Feb 2, 2016
    Leonardtown, MD Potomac River / Chesapeake Bay
    340 Sundancer 2006, Garmin 7612, xHD Radome
    Merc 496 Mags
    Bravo III Drives
    I never have and never would pay for work done in advance. A deposit maybe, but certainly not in full. I agree 100% with bahamabresus, hold back the 10% (at least) or just don't close.
     
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  6. Little Ducky

    Little Ducky Well-Known Member

    Jun 5, 2017
    Dickson, TN / Chattanooga, TN
    1998 290 Sundancer
    Twin EFI 5.0L w/Alphas
    Kohler 4kW
    Which ever you choose to do....... I would place the agreed path forward (post work survey, etc) on the bill of sale.
     
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  7. BillK2632

    BillK2632 Well-Known Member GOLD Sponsor

    Jun 25, 2009
    Lake Norman, NC
    1999 185 Bowrider,
    Mercruiser 4.3, Alpha I
    When I bought my 290DA new from a SeaRay dealer here on LKN - I made the deal during the boat show and gave a $500 deposit. I didn't pay the remaining balance until they delivered the boat a month later. On delivery day they spent the morning with me on the boat getting me oriented and we went through a checklist and developed a punch list. Nothing major on the punch list, so I went back to the dealership and finished the financials. No way I would have paid in full prior to delivery and a seatrial of some sort. If it is a used boat hopefully you have or are getting a survey - probably should get a survey on a new boat of any size.

    I have learned the hard way that in most cases whether it's a car, house, boat, once the money is paid it is difficult if not impossible to get anything done. Some $$ held back is a huge motivator.
     
    Last edited: Dec 13, 2018
    stme1234 likes this.
  8. Ididntdoit

    Ididntdoit Well-Known Member GOLD Sponsor

    Dec 5, 2007
    Newport, RI
    300 Sundancer
    5.0MPI Bravo III
    good advice here - I agree, slow down - tell them you're going to have a survey done and watch them start crapping their pants - its a buyers market, dont be bullied - just the fact you asked the question here means your gut is trying to tell you somthing........listen!
     
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  9. fwebster

    fwebster Well-Known Member TECHNICAL Contributor PLATINUM Sponsor

    Oct 6, 2006
    Middle Tennessee ; Panama City Beach, FL
    1996 450DA
    3116 Caterpillars
    We've seen this happen with Marine Max in the NE a number of times. When Spring comes around, they seem to forget you. The priority becomes the next customer buying a new boat that has not paid for it yet. If you do pay for it and get ana agreed delivery date, expect the boat to have a number of obvious punchlist items the dealer should have handled but didn't because they were busy trying to get another buyer to write a big check.

    I wouldn't pay 90% either...more like 50-75% should tell them you are serious, but ammend your contract to show that you are placing a contingency on their making the boat 100% water ready and on you getting the boat surveyed before releasing the remaining funds.

    I bought several Lexus cars with "We Owe You" slips attached to the bill of sale. In every case, the Lexus dealer drives 75 miles, delivers me a new loaner, takes my car to the dealership, finishes what he couldn't do before elivery, then returns my car to me freshly detailed. If it is raining, they wash the car in my driveway before giving it back......way more service t han I expect.

    But, you aren't dealing with Lexus......your deal is with MM.
     
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  10. seasure1

    seasure1 Member

    36
    Jun 20, 2016
    Long Beach Island NJ
    2007 SeaRay 290 Sundeck SLX
    twin mercruiser 350 mag bravo3
    I purchased a boat from Marine Max in New Jersey. I agree with everyone, hold back significant money. Once you pay for it they are on to the next one. I had a small punch list that they sat on for six weeks in the middle of the season. I had zero leverage. Big mistake. It has cost them quite a few customers!
     
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  11. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    I think it all depends on the individual store.
    Check with other customers of that particular store and salesperson to get some feedback..
    I bought my 410 from MarineMax in Westbrook Ct. in December of 2016. Paid for it in full on the day we closed. Sale price included them winterizing, storing, wrapping, etc., and splashing for delivery on or about April 15, 2017.
    There was a list of things (revealed at survey) they needed to do before delivery as a condition of sale.
    Got everything in writing the day we closed, made several trips up there (2 1/2 hr drive each way) to putter around in the boat and check on things over the winter.
    Overall, it was a great experience with them. They did everything they said they would do and had it ready to go when they said they would.
    The guys I dealt with up there were all experienced long time boaters and I got along really well with them.
    I’m pretty sure they weren’t looking to keep my boat in their way, or be responsible for it, any longer than necessary.
    The only thing I could even begin to be slightly critical about was that the outside vendor they used to “detail” the boat prior to delivery did a mediocre job by my standards. It was all done, but honestly, I could have done it better.
    Disclaimer: I usually re-detail new cars after I take delivery because I don’t think the guys in the prep department in the dealerships do a good enough job.
    Never bought a boat from the local MarineMax store around here, but I personally know 2 people that did in recent years and both were very happy.
    I wouldn’t pay a private seller or small broker/dealer in full for a boat until everything was done. But MarineMax is a pretty big company and the individual stores seem to really be concerned with satisfaction survey results so I would do it with them again.
     
    Last edited: Dec 13, 2018
    stme1234 likes this.
  12. FootballFan

    FootballFan Well-Known Member PLATINUM Sponsor

    Jun 20, 2012
    Florida
    Marquis 59
    MTU Series 60
    I would not agree to that.

    A boat is not special till you own it, make it your own.

    Before that, it is just a purchase option.

    I would be willing to do a deposit. But not pay the whole amount.
     
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  13. douglee25

    douglee25 Well-Known Member

    Jan 13, 2008
    Dallas, TX
    Cruisers 3575
    Twin 7.4l
    Curious how this one will shake out!
     
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  14. stme1234

    stme1234 New Member

    18
    Jul 8, 2017
    Warwick RI
    2017 SeaRay 51 FLY
    Cumming QSM11-715 diesel
    I will keep you posted.
     
  15. stme1234

    stme1234 New Member

    18
    Jul 8, 2017
    Warwick RI
    2017 SeaRay 51 FLY
    Cumming QSM11-715 diesel
    Update: I had a meeting with Marine Max(MM)today. I have no choice but to pay for boat and then take delivery. I didn’t want to walk so my hands are tied. I find it strange there is no escrow system in place. I have bought 5 boats from the same dealer and the same salesperson. I have also given many referrals over the years. Today, I made it very clear this will be the last boat (and I already have my eye on a 55 fly in 2 years) that I will be buying if the boat delivery is delayed even one day. That’s about all I have for security it will be delivered when promised. Someone earlier commented every MM can have different experiences, I am banking on the Pompano Fl store to be the best as I am told it is. I will keep you all posted and I will be writing a great review if all goes as promised but if not well we all know that won’t be so nice. I hope I am not looking for a new salesperson/broker in 2 years....I am sure there will be plenty out there wanting my business in the future......
     
    Last edited: Dec 15, 2018
    JVM225 likes this.
  16. bobeast

    bobeast Dance the Tide SILVER Sponsor

    873
    Oct 22, 2017
    Isleton, CA
    2002 310DA
    350 MPI w/V-drives
    I think the key term here is "I didn’t want to walk so my hands are tied". That sounds an awful lot like a decision to me. The little arm-chair quarterback on my shoulder would never let be pay the full amount until I had the full product.
     
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  17. douglee25

    douglee25 Well-Known Member

    Jan 13, 2008
    Dallas, TX
    Cruisers 3575
    Twin 7.4l
    Really surprises me they wouldn't negotiate at all. Wondering if it has something to do with showing numbers on books for 2018.
     
  18. techmitch

    techmitch Well-Known Member SILVER Sponsor

    May 1, 2008
    Chesapeake Bay, Middle River/Frog Mortar Creek MD.
    1999 270 DA
    Twin 4.3s W/Alpa I Gen II's
    My thoughts:
    1. What ALL needs to be done to make the boat "ready for the water"? Why is not ready NOW, if it is for sale?
    2. Did you have a complete hull, engines and generator survey done by a independent 3rd party surveyor?
    3. Reread post #9, print it out if you need to. The man knows his $hit!
    4. You say you are concerned, go with your gut.
    5. Refer to thought #3.
     
    mwph likes this.
  19. ttmott

    ttmott PhD in OCD GOLD Sponsor

    Apr 3, 2012
    Space Coast Florida
    2006 52 Sedan Bridge
    Cummins QSM11
    It appears that stme1234 is now saying MM wants the boat paid before he/she (the new owner) takes delivery (post 15) which is quite a bit different than what is stated in post 1 - "pay for it first then take delivery when ready for the water".
    So, if post 1 is the story - then a suitable deposit/escrow, schedule, corrections/modifications to the vessel, inspection, acceptance, and final purchase needs to be the process. If post 15 is the story - then all of the agreed work is complete and payment for the vessel upon delivery per the agreed plan which is the appropriate process.
    You don't say if it is a new or pre-owned vessel; the purchase process can be different between the two.
    New - Potential owner looks at vessel, goes for a ride (maybe the vessel being purchased or another like it), likes vessel, signs contract and places deposit pending dealer agreed prep, modifications, additions, registrations, and schedule as delineated in contract. Dealer completes their obligation, owner's surveys performed and complete, any corrections completed, final payment made, vessel is delivered, new owner has vessel. Deposit is based upon dealer's risk in the agreement (usually an nominal deposit and cost of any dealer added options).
    Pre-Owned - Potential owner looks at vessel, negotiates purchase price which is pending acceptable inspections, sea trials, surveys, and any modifications / additions then contract is initiated between dealer and potential new owner. A deposit is placed to institute a commitment by the potential owner. Surveys and sea trials are then done; findings, if any, are then on the table which can modify the negotiated price, delivery schedule, scope of work, or worst case permit the potential owner to back out of the deal and receive deposit back; the potential owner will be invested in the deal the cost of the surveys and haul-out if the deal is cancelled for good reason so it is important to be knowledgeable and critical of the vessel before signing the contract. After surveys, agreed corrections and/or final negotiated price and any contract modifications are completed then final payment is tendered and vessel delivered to the new owner.
     
    FootballFan likes this.
  20. Korkie

    Korkie Active Member SILVER Sponsor

    440
    Feb 2, 2016
    Leonardtown, MD Potomac River / Chesapeake Bay
    340 Sundancer 2006, Garmin 7612, xHD Radome
    Merc 496 Mags
    Bravo III Drives
    Lots of thoughts here. It comes down to the same old thing, The Dollar Bill and who's pocket it is in. If it is not in yours, then the seller is in the drivers seat no matter how aggravated you get because they are not upholding their end on the bargain. Best of luck to and hope everything works out as expected.
     
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