and so it begins.......

In theory, people who know they are going to lose a high ticket item beat the chit out of it before they lose it. I have found that, in reality, most people on the verge of losing those high ticket items....cannot afford to use them let alone beat the chit out of them.

Mosi...you should see me in a rental car....... I think enterprise still wants to talk to me about a certain chevy corsica... I can imagine their suprise when they realised that the nwindows wouldn't roll up..because they didnt exist....and that the doors didn't close easily because the whole car was bananaed....... the nice insurance agent made the mistake of tellingme.."don't worry about anything, the rental is entirely taken care of" I didn't even have to sign the rental agreement :26::26::26:
 
I know of some very high dollar non repos that are sitting in storage that need 50K in work right now. Do you think that will be disclosed to the buyers?

Any used boat can be a time bomb......A repo/ cheaper boat just allows more money to be pushed over to the repair/maintenance side of the accounting chart.

:iagree::iagree:This is very true! now you have repair money. Or you have a great boat at a great price:26:
 
You RV guys still have to wonder if the manufacturers are going to be around with a few of the big guys going under......

True, at this point if it is not a Thore or Forest River product it is not safe. I am sure there will be others to survive, but those two are the strongest of the big boys. But there are manufactures like Winnebago, and dealers like Camping World and Lazy Days that are in big trouble. We are feeling a huge upturn right now, but part of that is the three dealers in our area that have closed there doors allowing us to take advantage of a larger market share. If only financing would loosen up a bit the market could improve even more.
 
True, at this point if it is not a Thore or Forest River product it is not safe. I am sure there will be others to survive, but those two are the strongest of the big boys. But there are manufactures like Winnebago, and dealers like Camping World and Lazy Days that are in big trouble. We are feeling a huge upturn right now, but part of that is the three dealers in our area that have closed there doors allowing us to take advantage of a larger market share. If only financing would loosen up a bit the market could improve even more.


Lazy Days is who my folks were dealing with, they spent something like 7k for their extended warranty for basically nothing.:ack2:
 
Or it could go the other way. There could be fewer outlets and those retailers with the strength to survive can get better distribution terms from their existing manufacturers.

Boat manufacturers have always had the avenue of direct distribution available to them. Many smaller manufacturers have tried to build an equivalent product and sell it direct for a substantially lower price than their larger competition. Not one has ever succeeded in any discernable scale. The model has never worked and I don't see any reason it will now. I still remember the luxury tax days where the entire industry came close to disappearing and no one's direct-sales model ever took hold. Even in something like the parts business, the "warehouse outlet" models have never really taken hold. There's a very narrow sliver inside the vertical for the highly-capable do-it-yourself'er and support costs money. This isn't unique to the boat business. Visit any wholesale auto parts jobber, a construction supply, plumbing, HVAC or industrial supply house. You'll find knowledgeable, capable sales/support people on those phones, computers and counters. Even the professionals need support. And believe me, every one of those industries has attempted to "cut out the middleman".

In the days when 90% of the fast boat population was in South Florida, it had a chance. Nowadays we have go-fasts boats on pulled across the country. And they need support for their half-million-dollar toys. And they get that from the dealer.

I am in manufacturing of high end HVAC indoor air quality products. And what you have said was the truth years ago. What we are finding is that the supply houses simply just want to stock a product and mark it up and sell the product they don't offer support for the product. If something goes wrong they tell the contractor to call the maker of the product. And due to our present economy the supply houses are cutting back on stocking products. This is not all supply houses or dealers but what is the point of the middle man when they don't provide any support for the product. But in our industry we are still and will need them to get our products to the contractor for now.
 
Depends what you're buying. If you're bottom-trolling for a bargain, that's to be expected. If you're shopping for a nice boat and the seller has what you want, has detailed maintenance records and you can visit the reputable vendor that maintained the boat, I think you have a much better chance than buying something that the guy spend all last season thrashing knowing full well that since he's missed his last 5 payments it wouldn't be around long.

I've bought pristine stuff and I've bought absolute projects. And I've bought OK stuff that "just needed a bit of TLC" The only thing I ever got hurt on was the third one. In every boat's life, there's a point of equilibrium- where the boat still looks decent, but is just about to the point where it's either going to begin it's swift decline or it's going to need alot to bring it back. You see an awful lot of boats for sale at that particular point. Always have, always will. These are novice-traps. The guy that is either less-observant or less experienced gets in and finds out quick his bargain wasn't. Often this is someone's first (and usually last) boat.

Very well put. I can tell you that I thought I what I found out after the sale is it needed alot of work and yes it was a repo and it was my first boat. But what I can say is that I got lucky that it was a Sunsation. The company bent over backwards to help me a guy who messed up and bought a boat that is 12 years old. If it was not for that I would be screwed. I owe those guy's alot.
 
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Not all these guys are on floorplan. Some have the financial resources and the proposition is better than parking the money in a near-nothing-yield CD. And my guess is that they can take advantage of some favorable treatment from more than a few manufacturers to take on inventory.

Good or bad, someone with foresight and resources will make the situation profitable.

Very true...however; EVERYONE'S money costs something, so self-floor-planning's only real advantage(at this time) is stocking inventory when others can't(a dubious advantage, to say-the-least) . There is going to be huge attrition in both sales-based & manufacturing-based marine business' before this gets any better.
By-and-large, no builder WANTS to be in the direct retail sales business...they typically only do it when forced to, by either such low-volume sales #'s that no dealer network can make a go of it, or it's such a narrow-focus product that potential buyers identify more with the individual(s) building the boat, than any mass-market appeal the product may have.
A repo boat is only cheap(good buy), if it remains that way after the purchase. Because of how lots of these boats came to be repos, there's usually no prior history, and often title/ownership transfer issues. I've heard many, many complaints of this recently.
 
Now it's like 117 and "NO LOWBALL OFFERS". Odds are at the beginning they thought 120 was a "lowball".:sifone:

Bingo!! "Chasing the market down". Most of the time they end up selling for less than the original "low ball" offer; not to mention if they have payments, insurance, storage, etc bills along with it.


True, at this point if it is not a Thore or Forest River product it is not safe.

Carriage?
 
It is still 3 years old and no trailer. You can buy a no stories boat, newer for a couple bucks more in the OSO classifieds. That boat for 100K would be a steal.....

I agree they are starting to high, but you don't know what is owed on it.
I say offer 95 to 100k and see what happens.
 
for the last time the starting bid means nothing its just a ballpark of value
high bid now is at 90 saw it last week

80k intrepid went for 100+
135k pantera went less than 70
 
May not want to throw all the dealers out with the bath water...... My friend just purchased a 46' OL and got it for an excellent price thru a dealer.... They needed to move the boat and he had cash.......seems to work best that way!!!;)

Now he need's to move his 42' OL....make offers! :)
 
for the last time the starting bid means nothing its just a ballpark of value
high bid now is at 90 saw it last week

80k intrepid went for 100+
135k pantera went less than 70


Just figured that boat would generate a little more interest since they are made about 20 minutes away......

Did it look like a 100 hr boat?
 
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