Crazy Prices On Boats

[shueman]

IMO it pure "Supply & Demand" ... since 2008, NOTHING WAS BUILT in the Great Recession Two ... NOTHING !!

Eliminator build over 200 boats per year from 2000 - 2006/7 ... we built less than 20 per year since 2010 ...

Horizon is selling $60k NADA boats for $90k ... AND getting that price ...

A new 25' Daytona ICC today is over $150k ... yep

A new 27' Speedster Twin Verados ... $230k ... yep

A new 28' Fundeck 565 $195k ... yep ... can't build 'em fast enough to meet demand :eek

 

[RCDave]

Demand fueled by the money supply. Yes....

 

[Xring01]

IMO it pure "Supply & Demand" ... since 2008, NOTHING WAS BUILT in the Great Recession Two ... NOTHING !!

Eliminator build over 200 boats per year from 2000 - 2006/7 ... we built less than 20 per year since 2010 ...

Horizon is selling $60k NADA boats for $90k ... AND getting that price ...

A new 25' Daytona ICC today is over $150k ... yep

A new 27' Speedster Twin Verados ... $230k ... yep

A new 28' Fundeck 565 $195k ... yep ... can't build 'em fast enough to meet demand :eek

Wow, Those are some amazing facts.
Really shows the Supply Demand Equation. Business 101.
Congrats on the "cant build em fast enough to meet demand".

 

[LargeOrangeFont]

IMO it pure "Supply & Demand" ... since 2008, NOTHING WAS BUILT in the Great Recession Two ... NOTHING !!

Eliminator build over 200 boats per year from 2000 - 2006/7 ... we built less than 20 per year since 2010 ...

Horizon is selling $60k NADA boats for $90k ... AND getting that price ...

A new 25' Daytona ICC today is over $150k ... yep

A new 27' Speedster Twin Verados ... $230k ... yep

A new 28' Fundeck 565 $195k ... yep ... can't build 'em fast enough to meet demand :eek

And there you have it. In order to keep the doors open, when making 10% of the boats, prices must go up!

What do you see as demand Shueman? Could you build and sell 40 in a year if you had the facility and the manpower?

 

[CobraDave]

I think also when you are building larger boats to increase profit margins, it's impossible to build that quantity. No one is buying smaller boats because they cost too much, likely on purpose. I'm not certain the builders can sustain that.

You know who is getting a ton of business, every interior person, gelcoater, motor builder, trailer fixer upper, etc because people are fixing their shit instead of buying new.

 

[COCA COLA COWBOY]

IMO it pure "Supply & Demand" ... since 2008, NOTHING WAS BUILT in the Great Recession Two ... NOTHING !!

Eliminator build over 200 boats per year from 2000 - 2006/7 ... we built less than 20 per year since 2010 ...

Horizon is selling $60k NADA boats for $90k ... AND getting that price ...

A new 25' Daytona ICC today is over $150k ... yep

A new 27' Speedster Twin Verados ... $230k ... yep

A new 28' Fundeck 565 $195k ... yep ... can't build 'em fast enough to meet demand :eek

Well, you know I pocketed cash from a couple boats. Get me a boat that I can finance little out of pocket and I will buy it. If the economy tanks, I'll give it back to the bank and still have my cash.

 

[LargeOrangeFont]

I think also when you are building larger boats to increase profit margins, it's impossible to build that quantity. No one is buying smaller boats because they cost too much, likely on purpose. I'm not certain the builders can sustain that.

You know who is getting a ton of business, every interior person, gelcoater, motor builder, trailer fixer upper, etc because people are fixing their shit instead of buying new.

By the time you are looking at financing a $75k-$80k+ 23-25 foot boat done up exactly how you want... What is the difference to pay a little more and stretch out the payments to get what you really want, and is more functional.

If you are building 200 boats a year, you might be less inclined to want to bother with a larger time consuming boat build, when you can crank out 3-4 smaller boats in the same time period. When no one wants those smaller boats you start building really nice bigger boats for more margin.

 

[CobraDave]

I guess I'm just thinking of the little guy like me. Kinda seals his fate as far as getting something new.

 

[LargeOrangeFont]

I guess I'm just thinking of the little guy like me. Kinda seals his fate as far as getting something new.

You can stretch the payment out for 200+ months.

 

[CobraDave]

You can stretch the payment out for 200+ months.

Well in that case, I will take the Merc 600 please.

 

[COCA COLA COWBOY]

I guess I'm just thinking of the little guy like me. Kinda seals his fate as far as getting something new.

It's only new for a very short period of time, then it's just used...

 

[LargeOrangeFont]

Well in that case, I will take the Merc 600 please.

Lets just sign you up for the new Merc 860 for another $34 a month for 1000 months.

I should become a boat salesman.

 

[OldSchoolBoats]

Maybe it's time??? [emoji12] [emoji12]

1998 Howard 22 Offshore
502 Mag, bravo 1, 290 HRS.
Triple axle Ellis
Sanitary clean

$43k

 

[Bigbore500r]

Maybe it's time??? [emoji12] [emoji12]

1998 Howard 22 Offshore
502 Mag, bravo 1, 290 HRS.
Triple axle Ellis
Sanitary clean

$43k

View attachment 570136 View attachment 570138 View attachment 570139 View attachment 570140

Hey it was 35k last month? Wait....that new shifter [emoji15]

 

[OldSchoolBoats]

Hey it was 35k last month? Wait....that new shifter [emoji15]

Summer just started and the boat market is hot......what can I say.....[emoji41] [emoji41]

 

[Bigbore500r]

Summer just started and the boat market is hot......what can I say.....[emoji41] [emoji41]

Your boat is cleaner than a new one lol
I bet you'd sell it in a heartbeat.

 

[LargeOrangeFont]

Just leave it up for sale Joe, and see if you get a bite.

 

[COCA COLA COWBOY]

Hey it was 35k last month? Wait....that new shifter [emoji15]

I told him to ask $60k! If a beat up 21 with a jet is $40k, Joe's is worth $60k all day long!

 

[Bigbore500r]

I told him to ask $60k! If a beat up 21 with a jet is $40k, Joe's is worth $60k all day long!

This is why BRC's are $2.00 and the 6 dollar burger is $7.49......

 

[COCA COLA COWBOY]

This is why BRC's are $2.00 and the 6 dollar burger is $7.49......

I saw an economist speak not too long ago. He stated prices will continue to rise until items become unaffordable. He stated each geographical area follows an affordability index. When that affordability is reached, a steep decline soon follows.

To be honest, I see international people selling and white people and hispanics buying. When I was selling bank foreclosures, it was mostly to Indian, Asians and other ethnicities buying.

 

[LargeOrangeFont]

I saw an economist speak not too long ago. He stated prices will continue to rise until items become unaffordable. He stated each geographical area follows an affordability index. When that affordability is reached, a steep decline soon follows.

To be honest, I see international people selling and white people and hispanics buying. When I was selling bank foreclosures, it was mostly to Indian, Asians and other ethnicities buying.

The "I've doubled my money and now I will cash out and leave" strategy is one that transcends cultures

 

[RiverDave]

This is my buddies boat.. Another one of my buddies built it back in the day. The motor is worth more than the asking price of the whole boat.

http://www.riverdavesplace.com/forums/showthread.php?169732-21-rc-Howard-1988-boostpower-540

Less than 20K for a 100 mph Howard RC..

Not everything is priced crazy, just most things are right now. That boat is ridiculously cheap.

RD

 

[Not Allways A Deck]

This is my buddies boat.. Another one of my buddies built it back in the day. The motor is worth more than the asking price of the whole boat.

http://www.riverdavesplace.com/forums/showthread.php?169732-21-rc-Howard-1988-boostpower-540

Less than 20K for a 100 mph Howard RC..

Not everything is priced crazy, just most things are right now. That boat is ridiculously cheap.

RD

Nice Boat for a out drive. I saw a 26' Howard cat and the guy wants 60k??? For a 2000? 🙄

 

[traquer]

This is my buddies boat.. Another one of my buddies built it back in the day. The motor is worth more than the asking price of the whole boat.

http://www.riverdavesplace.com/forums/showthread.php?169732-21-rc-Howard-1988-boostpower-540

Less than 20K for a 100 mph Howard RC..

Not everything is priced crazy, just most things are right now. That boat is ridiculously cheap.

RD

Nice boat! Put a tower on it and wrap it, some knucklehead will buy it tomorow for $10k more :skull

 

[RiverDave]

Nice boat! Put a tower on it and wrap it, some knucklehead will buy it tomorow for $10k more :skull

:yikes

 

[traquer]

:yikes

^^ Jk. I can feel the rage!

 

[OldSchoolBoats]

Nice Boat for a out drive. I saw a 26' Howard cat and the guy wants 60k??? For a 2000? 🙄

Plaster Dave's boat. Worth every penny......

 

[cicchetti_24]

I've noticed the HTM's are selling for way more now and inventory is getting scares.

 

[26LAVEY525]

A lot of it is the cost increase on new and lack of boats built during the down turn. A couple of ears ago I sold my 26 Lavey with a 525 for great money. It took a little time to weed through the low balls and tire kickers. People would say I saw the same boat for 20k less. I said yeah but not the same options.

When the right buyer came along he didn't grind at all. He was excited to find a boat with a 525, full hydraulic steering, tabs etc.

I would say any boat with a 525 will bring great money right now. Since they don't make them anymore and the equivalent is a fortune new.

 

[Gelcoater]

And there you have it. In order to keep the doors open, when making 10% of the boats, prices must go up!

What do you see as demand Shueman? Could you build and sell 40 in a year if you had the facility and the manpower?

The deck boat market is hot.
Eliminator, Hallett, either one, can't get a boat built for stock on the sales floor. It will be sold as it goes into rigging.
Jerry at Hallett has been trying for sometime to build one for stock so he actually has one to show people and demo.
Can't get it to happen.
Eliminator is in the same position.

Either of these builders, they would benefit from making a second set of deck boat molds.

 

[Enen]

The deck boat market is hot.
Eliminator, Hallett, either one, can't get a boat built for stock on the sales floor. It will be sold as it goes into rigging.
Jerry at Hallett has been trying for sometime to build one for stock so he actually has one to show people and demo.
Can't get it to happen.
Eliminator is in the same position.

Either of these builders, they would benefit from making a second set of deck boat molds.

It sounds like the home equity ballers are back.

 

[Gelcoater]

It sounds like the home equity ballers are back.

No, not really that I can tell.

Pilots, car dealership owners, retired LE, small business owners, etc,
people with solid income.

Edit... There is the occasional family thst comes in. They have scrimped, saved, sacrificed, and worked their ass off, and are for one time in their life going to buy a brand new boat. Built their way with every family members input. It will be passed to the kids one day.
I hate to show favoritism, but these are my favorite clients.:thumbsup

 

[Yellowboat]

I will never own a new boat, so I don't even bother checking on prices,...

but I have been shopping new vans for work. I am looking for something small, and good on gas for a side business. a transit connect starts at 23k, its almost 30k(no tax here in or) by the time I get the extend version, basic options like better mirrors, cloth seats, rack on top anti theft and a damn cd player... with the lift gate rear its over 30k...

then there is my 97 f250 hd xlt fwd diesel. to buy a new just like it is 61k. that's the 2nd lowest trim level. ithe base xlt, with a heavy duty towing package, 4wd, diesel, spray in liner, block heater, cool down timer and extendable mirrors. that's still a single cab, long bed truck with cloth seats 61k too replace what I have now, and I would still have to buy a rack, and boxes for it. the plat version they had sitting in the show room when I went too the ford dealer was just under 100 msrp.

 

[shueman]

No, not really that I can tell.

Pilots, car dealership owners, retired LE, small business owners, etc,
people with solid income.

Edit... There is the occasional family thst comes in. They have scrimped, saved, sacrificed, and worked their ass off, and are for one time in their life going to buy a brand new boat. Built their way with every family members input. It will be passed to the kids one day.
I hate to show favoritism, but these are my favorite clients.:thumbsup

BINGO !!! Nail on the Proverbial Head ... :thumbsup

The other "trueism" is workforce ... the skill sets needed today to build a truly custom boat just are not out there ... we really need an industry INTERN PROGRAM ...

 

[milkmoney]

BINGO !!! Nail on the Proverbial Head ... :thumbsup

The other "trueism" is workforce ... the skill sets needed today to build a truly custom boat just are not out there ... we really need an industry INTERN PROGRAM ...

As much as u go to the lakes and rivers, I keep saying that I need ur job.
Not sure Bob would like it, that I have a schiada now. [emoji6] [emoji106] [emoji202]

 

[COCA COLA COWBOY]

I will never own a new boat, so I don't even bother checking on prices,...

but I have been shopping new vans for work. I am looking for something small, and good on gas for a side business. a transit connect starts at 23k, its almost 30k(no tax here in or) by the time I get the extend version, basic options like better mirrors, cloth seats, rack on top anti theft and a damn cd player... with the lift gate rear its over 30k...

then there is my 97 f250 hd xlt fwd diesel. to buy a new just like it is 61k. that's the 2nd lowest trim level. ithe base xlt, with a heavy duty towing package, 4wd, diesel, spray in liner, block heater, cool down timer and extendable mirrors. that's still a single cab, long bed truck with cloth seats 61k too replace what I have now, and I would still have to buy a rack, and boxes for it. the plat version they had sitting in the show room when I went too the ford dealer was just under 100 msrp.

If you don't mind a Dodge Cummins 4x4 Lariat, they can be had for $50,400 at Huntington Beach Dodge.

 

[Raffit78]

soooooo anyone interested in buying my wake boat?!?!!

 

[shueman]

As much as u go to the lakes and rivers, I keep saying that I need ur job.
Not sure Bob would like it, that I have a schiada now. [emoji6] [emoji106] [emoji202]

Traitor !! Your out of the family ...

 

[Meaney77]

Maybe it's time??? [emoji12] [emoji12]

1998 Howard 22 Offshore
502 Mag, bravo 1, 290 HRS.
Triple axle Ellis
Sanitary clean

$43k

View attachment 570136 View attachment 570138 View attachment 570139 View attachment 570140

I have a buddy who had a 1999 22' off shore closed bow boat and it was cherry. As soon as he had kids he decided it was time to sell it and he did and made good money off of it. Fast forward 10 years- Last year he found a 1999 22' off shore closed bow with a 502 mag, bravo 1,Ellis triple axle trailer. Boat had just a tick over 200 hours but it was in Oklahoma. I think the guy was asking $20 K for it. My buddy drove from Ventura County to OK with a wad of cash- Looked at the boat and offered the guy $17K and came home with the boat. Its in great condition, my buddy is super anal. He got lucky and came across one of those once in a lifetime deals.

 

[Englewood]

IMO it pure "Supply & Demand" ... since 2008, NOTHING WAS BUILT in the Great Recession Two ... NOTHING !!

Eliminator build over 200 boats per year from 2000 - 2006/7 ... we built less than 20 per year since 2010 ...

Horizon is selling $60k NADA boats for $90k ... AND getting that price ...

A new 25' Daytona ICC today is over $150k ... yep

A new 27' Speedster Twin Verados ... $230k ... yep

A new 28' Fundeck 565 $195k ... yep ... can't build 'em fast enough to meet demand :eek

I have a question...Do most buyers finance these $200k deck boats? I do well in life but just can't see a time in which I'd want to give away $200k on a boat. On the flip side, I wouldn't be able to enjoy myself with a payment on a $200k boat. 160k/6%/15 yrs is $1350/mo!...Is that the new normal?

 

[LargeOrangeFont]

I have a question...Do most buyers finance these $200k deck boats? I do well in life but just can't see a time in which I'd want to give away $200k on a boat. On the flip side, I wouldn't be able to enjoy myself with a payment on a $200k boat. 160k/6%/15 yrs is $1350/mo!...Is that the new normal?

I think so yes. I know a couple fireman with newer boats.. that is what they do.

It really fits with the clientele that Shueman described. A small business owner doing well can afford it. A public worker that has a decent pension guarantee and gets some overtime "bonus money" would be willing to step up. People close to retirement that have made some money or doing well with investments might even pay cash.

I am with you, I can afford the boat and payment, but I just can't see outlaying the money for a boat I use on occasion. I'd rather buy a $200K car or an RV. And the resale worries me. You pretty much lose your 20% down payment when you take delivery.

 

[Gelcoater]

I think so yes. I know a couple fireman with newer boats.. that is what they do.

It really fits with the clientele that Shueman described. A small business owner doing well can afford it. A public worker that has a decent pension guarantee and gets some overtime "bonus money" would be willing to step up. People close to retirement that have made some money or doing well with investments might even pay cash.

I am with you, I can afford the boat and payment, but I just can't see outlaying the money for a boat I use on occasion. I'd rather buy a $200K car or an RV. And the resale worries me. You pretty much lose your 20% down payment when you take delivery.

And there lies the difference in percieved value.
Not worth it to you at the present moment in life.

But to that retired or very soon to be retired fireman, LE, etc, it won't be an occasional use toy. They'll be at their river pad enjoying life most of the season.:thumbsup

 

[Englewood]

So it is commonplace for these buyer to have $1200-$1500/mo payments?

 

[River Lynchmob]

Maybe it's time??? [emoji12] [emoji12]

1998 Howard 22 Offshore
502 Mag, bravo 1, 290 HRS.
Triple axle Ellis
Sanitary clean

$43k

View attachment 570136 View attachment 570138 View attachment 570139 View attachment 570140

That thing would sell in a New York min if you're serious. Its as clean as any boat that is for sale.

 

[dschifan]

So it is commonplace for these buyer to have $1200-$1500/mo payments?

Wondering the same thing. And for 20 years!

 

[LargeOrangeFont]

That thing would sell in a New York min if you're serious. Its as clean as any boat that is for sale.

I think it would sell in the mid-high $30Ks

 

[Cole Trickle]

There are high net worth people buying expensive boats...more power to them if they have the cash.

I learned alot from financing a boat. I learned that you can have just as much fun in a boat that is cheaper yet doesn't have a payment for those 7 months a year you aren't using it.

Everyone has to learn.....same deal with motorhome or trailer payments.

 

[River Lynchmob]

There are high net worth people buying expensive boats...more power to them if they have the cash.

I learned alot from financing a boat. I learned that you can have just as much fun in a boat that is cheaper yet doesn't have a payment for those 7 months a year you aren't using it.

Everyone has to learn.....same deal with motorhome or trailer payments.

This is what my old man beat into me...if you can't pay for it outright, you can't afford it. It has served me well so far.

 

[Cole Trickle]

This is what my old man beat into me...if you can't pay for it outright, you can't afford it. It has served me well so far.

Its tough to balance desire with reality and long term financial freedom....

I try and navigate somewhere down the middle. I don't have a job or work in an industry where you get rich fast or make big bonus's. It is very hard for me to obtain large sums of cash so I understand peoples need to finance. I just think people don't have an escape plan and aren't realistic with how fast life changes when they sign on the dotted line.

I try to always get into something knowing I bought it right and can get out if need be..........I missed the last down turn in the economy as I was house poor and couldn't afford to take advantage because I wasn't liquid. I don't intend for that to happen next time around.

 

[plaster dave]

Plaster Dave's boat. Worth every penny......

Don't waste your time or energy on this guy. He talks crap behind people's back all the time. Only time he's nice to someone is when he's working them for something.