Boats for sale

[JL95]

I would love that HTM that's for grabs right now

 

[Paradox]

Some of the insurance providers are backing away from insuring them as well...without a survey. There was a thread post on it last year regarding foremost that I copy pasted from a notice from them.

Cash is really only a benefit IMO on speeding up the transaction...a lot of "nice" or "expensive boats" are owned outright by people...and if they aren't desperate to make a payment there isn't going to be a fire sale so to speak. A lot of the new deck boats are $30-50k more new than they were 2 years ago...so a 2-5 year old boat hasn't taken much if any hit, and hell it may sell for more than it did new.

The 10+ year old stuff though for a cash buyer is not a bad spot to be in if it’s what you are after...deals will pop up.

So right about the insurance. I made a conditional offer this morning (which is verbally accepted) and the seller is reaching out to his insurance company prior to a deposit to see if his policy can be transferred to me. I’m of course going to get a survey anyway but, from prior experience, I know they are pretty exacting.. I don’t want to wait for weeks during the contract period, for insurance, over a minor issue if one develops. Major issue would grenade the deal regardless.

 

[RiverDave]

I was under contract for months on an older Skater in Florida. It fell through because the issues identified by survey couldn’t be addressed due to the hurricane. Qualified folks were too busy and the seller was swapped with work and other matters.

So I’ve been looking again for the last few weeks and am finding that there are no real killer deals out there however, there are reasonable ones within the realm I’m looking. I’ve dropped the idea of getting a cat and am now looking at very clean closed bows with staggered big block blue motors and XR drives or better.

Im getting real close again and hope to have something under contract in the next week or two.

As always a cash purchase gives you a leg up. Two separate Brokers told me lenders are no longer financing anything older than 10 years, period. Since I’m looking at 2004 to 2012 boats, I benefit from the reduced buyers pool as well.

I remain optimistic..

The financing thing is gonna tank used boat prices for boats older than 10 years. It’s very real and a lot of people are talking about it

 

[LargeOrangeFont]

The financing thing is gonna tank used boat prices for boats older than 10 years. It’s very real and a lot of people are talking about it

Huge opportunity for someone to come in and offer financing for those boats and make a killing.

 

[eand28]

Wozencraft is still financing older boats unless I missed something

 

[Ace in the Hole]

Huge opportunity for someone to come in and offer financing for those boats and make a killing.

Sat in a nearly 3 hour conference call this morning about financing, appetite for buyers of paper etc. I don't that is going to be high on many peoples radar..its just not a good asset class.....especially with the car loan industry starting to take a bath. I just don't see the appetite for it. Maybe a small regional bank...but those are few and far between anymore. Hell even Mohave/Foothills is not local..its glacier out of Montana. Their lending department has tightened up a lot as well.. It's going to cause a shift.

 

[Done-it-again]

Wozencraft is still financing older boats unless I missed something

Not unless they are their own bank.

 

[Ace in the Hole]

Wozencraft is still financing older boats unless I missed something

They have to sell that paper to someone...they are just a broker from my understanding just like on insurance.

 

[LargeOrangeFont]

Sat in a nearly 3 hour conference call this morning about financing, appetite for buyers of paper etc. I don't that is going to be high on many peoples radar..its just not a good asset class.....especially with the car loan industry starting to take a bath. I just don't see the appetite for it. Maybe a small regional bank...but those are few and far between anymore. Hell even Mohave/Foothills is not local..its glacier out of Montana. Their lending department has tightened up a lot as well.. It's going to cause a shift.

That’s what I mean.. I know a couple members here that are already working in this space.

Huge opportunity for small players to make some money. Over 10 year old boats change hands constantly in the tri state area. Rates will be high because there are few games in town, and the only other option is to get in line for a boat costing twice as much.

 

[traquer]

I think it's worth leaving a note on any boat you like or talking to them if they're around and seeing if they want to sell. It's worked once for me on a car. Didn't work when I wanted to buy back a boat I missed during the pandemic though guy told me to pound sand more or less lol

 

[Ace in the Hole]

That’s what I mean.. I know a couple members here that are already working in this space.

Huge opportunity for small players to make some money. Over 10 year old boats change hands constantly in the tri state area. Rates will be high because there are few games in town, and the only other option is to get in line for a boat costing twice as much.

agreed...

 

[Done-it-again]

Sat in a nearly 3 hour conference call this morning about financing, appetite for buyers of paper etc. I don't that is going to be high on many peoples radar..its just not a good asset class.....especially with the car loan industry starting to take a bath. I just don't see the appetite for it. Maybe a small regional bank...but those are few and far between anymore. Hell even Mohave/Foothills is not local..its glacier out of Montana. Their lending department has tightened up a lot as well.. It's going to cause a shift.

I wonder how long will banks hold off on loaning to riskier paper? They will have too to make money or I guess wait for another gov payout to keep afloat when not loaning $$$.

On the other side, we don’t know how many banks are failing besides the ones we know of.

 

[JFMFG]

I’ve seen a fair amount of 1-250k boats move in the last month it’s picking up. I think used pricing will stay inflated. Like previously stated used pricing won’t come down till new does.

 

[Ace in the Hole]

I wonder how long will banks hold off on loaning to riskier paper? They will have too to make money or I guess wait for another gov payout to keep afloat when not loaning $$$.

On the other side, we don’t know how many banks are failing besides the ones we know of.

I received a report of just shy of 200 banks this morning...not failing yet..but teetering. I've spent all day going through it among other things... Some crazy times ahead.

Govt....set precedent in 08/9 then doubled down during the Covid "rampant fraud" money giveaway...

Default and time to convert are becoming real issues.

 

[just_floatin]

The Federal Reserve current dilemma is two fold.
-Balance stability of the traditional banking system and inflation
-Bailouts > > inflation
-Increase interest rates > hit bank balance sheets > illiquidity/insolvency
-Decrease interest rates > inflation
-Impact > smaller banks that cater to recreation industry stop loaning money or fold
-Sellers must find cash buyers when financing is no longer an option > buyers market

 

[Tank]

So right about the insurance. I made a conditional offer this morning (which is verbally accepted) and the seller is reaching out to his insurance company prior to a deposit to see if his policy can be transferred to me. I’m of course going to get a survey anyway but, from prior experience, I know they are pretty exacting.. I don’t want to wait for weeks during the contract period, for insurance, over a minor issue if one develops. Major issue would grenade the deal regardless.

Can’t wait to hear the details. Potential congrats! was bummed that skater didn’t work out. I dig that thing.

 

[RiverDave]

Wozencraft is still financing older boats unless I missed something

Wozencraft like many others are basically brokers..

The actual lenders are what changed. Jody sent me this the other day.

“So new rules April 1st are that Flagstar Bank will no longer lend for Marine and RV they are closing their lending portfolio. Not an April fools joke. What does this mean for all of us in the performance market? Flagstar is only lender that will finance performance boats older than 10 model years of age. With them being out we will only be able to finance 2013 and newer. Bad news for everyone”

 

[Englewood]

I went thru 20 pages of Bennington’s yesterday online.

Before I bought ours I couldn't even get dealers to respond. Now almost a year later they are calling with "blowout" specials.

 

[PlanB]

Before I bought ours I couldn't even get dealers to respond. Now almost a year later they are calling with "blowout" specials.

Went to Sun Country a couple of weeks ago in Havasu and they are sitting on a ton of new inventory. They are having a hard time getting trailers, but they definitely don't have a boat shortage. They actually had a one day sale on Benningtons. Maybe the supply issues are turning around.

 

[JL95]

Well there goes my plan on financing a mach 26 for 45 years


While we are on the topic, what is the preferred credit union you all refer every time someone wants an old diesel pusher or boat loan? Country somethin

 

[FROGMAN524]

Wozencraft like many others are basically brokers..

The actual lenders are what changed. Jody sent me this the other day.

“So new rules April 1st are that Flagstar Bank will no longer lend for Marine and RV they are closing their lending portfolio. Not an April fools joke. What does this mean for all of us in the performance market? Flagstar is only lender that will finance performance boats older than 10 model years of age. With them being out we will only be able to finance 2013 and newer. Bad news for everyone”

Doesn’t matter to the members of RDP, everybody here is rich and pays CASH! Sorry, had to do it…

 

[CobraDave]

Went to Sun Country a couple of weeks ago in Havasu and they are sitting on a ton of new inventory. They are having a hard time getting trailers, but they definitely don't have a boat shortage. They actually had a one day sale on Benningtons. Maybe the supply issues are turning around.

I wonder what Adrenaline would charge for a trailer

 

[RiverDave]

Well there goes my plan on financing a mach 26 for 45 years


While we are on the topic, what is the preferred credit union you all refer every time someone wants an old diesel pusher or boat loan? Country somethin

I usually send people to Jody Hamilton (470) 248-2655. Or you can click the finance button above on the nav bar (not sure if it’s live yet)

RD

 

[LargeOrangeFont]

I wonder what Adrenaline would charge for a trailer

More than a small car.

 

[LargeOrangeFont]

Whoever told you that was flat out wrong. I just did a 2003 custom boat for a client for 15yrs. Those brokers are missing out on a lot of business.

Zing…

 

[RVR SWPR]

Google Flagstar Bank. Major lender in damn good shape probably because of conservative way of going.

 

[riverroyal]

Cobra dave, check your messages

.

 

[QC22]

I'm not a big 'toon guy, but I'd grab that in a hearbeat!! ^^^^^ Hard to find a decent white toon.

 

[riverroyal]

just looked at new toon prices. HOLY SHIT. The average family is priced out. I knew they were up there, but never really paid attention.

 

[RiverDave]

just looked at new toon prices. HOLY SHIT. The average family is priced out. I knew they were up there, but never really paid attention.

People were giving me shit for selling my for 245'sh on here... Go price them.. I'm still getting a lot of calls on it and people bummed they couldn't buy it at that price.

RD

 

[LargeOrangeFont]

just looked at new toon prices. HOLY SHIT. The average family is priced out. I knew they were up there, but never really paid attention.

Grab the handlebars… $52k

The F450 they need to tow it is more than that

 

[JD D05]

My 2009 Nordic Flame is for sale and being listed soon by MOM. It's a little tough knowing what to list at especially since it's not a boat many people seem to want. It is extremely clean with low hours. Just went through Barrett and had a lot of maintenance done so its dialed in. I won't be surprised if it sells for close to asking or not sell at all.

 

[COCA COLA COWBOY]

Inventory on used boats has rally picked up this month. Sellers are still asking big bucks mostly, but I have a feeling the bloodbath is coming.

 

[Waterjunky]

And all of this mess is exactly why I don't have a boat right now. I would love to be shopping for one but too much instability in the market says hold.

 

[JFMFG]

Inventory on used boats has rally picked up this month. Sellers are still asking big bucks mostly, but I have a feeling the bloodbath is coming.

There is nothing worth anything on the market it’s all junk

 

[MARCYTECH]

ouch

 

[riverroyal]

People were giving me shit for selling my for 245'sh on here... Go price them.. I'm still getting a lot of calls on it and people bummed they couldn't buy it at that price.

RD

they are 350 and up!

 

[yuppie]

Another couple things about boat shopping these days:
- Posts are not taken down / updated
- Sellers don't even want to sell it

I went and looked at two or three boats before I got mine and each one said, "I don't really want to sell it." - "I wasn't ready to sell it today."

Looking around online, people post a picture or an ad with incomplete information, when the boat sells the post stays up, pictures are a hassle to get a hold of, clear and enough of them.

Outdrive 1 has the best presentation I've seen in regards to information and photos. White-glove service like that seems to fit best, taking the emotion away from the seller and just dealing with a broker that has all the info, takes good pictures, etc.

Prices are still kind of wild and I don't see that slowing down over the next couple of years. Materials? Inventory? Build quality, style, design? Maybe all of the above!

 

[Outdrive1]

America First CU is who I use. They will loan on anything no matter the age as long as it books on NADA. They can usually wrap up a loan in a couple days, with no survey. The guys selling loans that aren’t a bank take 2/3 weeks, a survey, a fuck ton of paperwork, and they are making money along with everyone in the chain. I’ve been offered kick backs from a couple that are listed here. I don’t think you’re getting the best deal when three people are getting paid to sell you a loan and it takes three weeks to close.

 

[boatnam2]

I finally stepped up and paid cash like to rest of my fellow RDP'ers for a boat, it was only 7k but its a start and now i can start jumping in on the next its dumb to finance a boat thread lol. Outdrive1 has always been an excellence experience buying or selling something.

 

[Paradox]

Can’t wait to hear the details. Potential congrats! was bummed that skater didn’t work out. I dig that thing.

Bummed about the Skater as well. Really a cool boat that fell right in my price range.

Wish I had better news on the recent offer I made. This Morning the seller emailed me a previously done survey for use with the insurance app. After reading it, there were just too many questionable soundings and areas of high moisture content, more than I could live with. I ended up backing out because of it.

I will give the man a thumbs up for his transparency and willingness to answer all my questions.

While I don’t think I’ll find a perfect older boat (with fiberglassed wood stringers and bulkheads) that doesn’t have at least some minor issues, from my perspective, they need to be minimal.

The search continues..

 

[BIGRED9158]

Another smoked out boat ad only 4 pics

2009 Eliminator Daytona 33

(PRICE to sell) 2009 Eliminator Daytona 33, with a nice cabin for room for getting out of the sun. This boat has Teague performance 900s motors 90 hrs on rebuild motors by Barrett Marine with Mercury NXT Drives. 2 Mercury racing props purchased in 2021. Hull has roughly 290 hrs on it. Big...

str8uptoytrader.com

 

[JFMFG]

Another smoked out boat ad only 4 pics

2009 Eliminator Daytona 33

(PRICE to sell) 2009 Eliminator Daytona 33, with a nice cabin for room for getting out of the sun. This boat has Teague performance 900s motors 90 hrs on rebuild motors by Barrett Marine with Mercury NXT Drives. 2 Mercury racing props purchased in 2021. Hull has roughly 290 hrs on it. Big...

str8uptoytrader.com

I believe that is T Stones old boat. Thing is super clean In person runs hard.

 

[BIGRED9158]

I believe that is T Stones old boat. Thing is super clean In person runs hard.

Is it worth 209k though I see 100k maybe 150

 

[JFMFG]

Is it worth 209k though I see 100k maybe 150

I think it’ll fetch close to that. I think he sold it for 239???

 

[NicPaus]

Is it worth 209k though I see 100k maybe 150

The new 33' they had at Eliminator for open house was very nice. But a friend told me $750K price tag! Not confirmed but he is building a similar boat. So he would be in tune with current price.

 

[JFMFG]

The new 33' they had at Eliminator for open house was very nice. But a friend told me $750K price tag! Not confirmed but he is building a similar boat. So he would be in tune with current price.

Seriously? That pricing is higher than dcb?

 

[NicPaus]

Seriously? That pricing is higher than dcb?

That's just what I heard not confirmed. It blew away the used 1 they had in showroom and it was 400k. But larger.

 

[Justsomeguy]

America First CU is who I use. They will loan on anything no matter the age as long as it books on NADA. They can usually wrap up a loan in a couple days, with no survey. The guys selling loans that aren’t a bank take 2/3 weeks, a survey, a fuck ton of paperwork, and they are making money along with everyone in the chain. I’ve been offered kick backs from a couple that are listed here. I don’t think you’re getting the best deal when three people are getting paid to sell you a loan and it takes three weeks to close.

This was who I have heard about as well. I have heard great things. Who I will use in the future.

 

[JFMFG]

That's just what I heard not confirmed. It blew away the used 1 they had in showroom and it was 400k. But larger.

Damn that’s wild. Good for them.