Headlines
and so it begins.......
- Thread starter Dreamer
- Start date
offthefront
New member
share the link?
:iagree:
Davidmnc
Contributor
I didn't say that. Just remember who is gonna take care of you end the end. And if the repo is a dealer repo there could be waranty issues. RV manufactures are not honoring warentys on new units that were repoed off dealers lots that were not sold by franchized dealers. Some dealers will not perform waranty work on units they know were bought from sub retail outlets. Just some things to think about. Know what you are getting into before you make an expensive mistake.
mcraymond3
Sponsor
I hate to see this.
im talkin KNOWN boats or stuff with 40 hrs like an 07 fountain(wich im not gettin:ack2
on a mint mycohttp://yachtauctions.com/detail.asp?stockNo=20727
glassdave
Founding Member / Competitor
im talkin KNOWN boats or stuff with 40 hrs like an 07 fountain(wich im not gettin:ack2
http://yachtauctions.com/detail.asp?stockNo=20727
what did that boat list for and what would be book value? Just curious really. Is 107K a decent deal for that?
99fever27
New member
the repos have started..........
the nice HiPo stuff is starting to ROLL in at the auctions....:ack2:
lots of almost new fountains formulas bajas and others i wont reveal til i look at em
my email is gettin filled
Are you looking to buy one?
glh
Charter Member
Anyone who wants that Azimut for $450k they can have mine!!!
http://yachtauctions.com/detail.asp?stockNo=21009
http://yachtauctions.com/detail.asp?stockNo=21009
JupiterSunsation
New member
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.
fund razor
Founding Member
I know what you are saying David, but the circumstances are what they are. It's like the housing market. I can do all the right things with my property... but it just takes a couple of comparables to go low because of financial distress, repo... etc. Then the values drop for all. The financial tide raises and lowers all the boats.... and the dealerships get caught. Now look at the manufacturers. Then look ahead at the market in 10 years. And, assuming that this hobby is legal in 10 years (epa, etc)... there will NOT be a Marine Max down the street. We will need to be able to maintain our own fleet. And there will probably be less diversity of parts, too. There may be yards full of "pull your own" boat parts when the sheer number of unwanted vessels peaks.
This current glut of inventory? Enjoy it now.... because its very existence may make it impossible for the "new" market to make it. And that will prevent it from happening again.
Sean Stinson
Founding Member/Contributor
How many of them actually came from dealers???????
JupiterSunsation
New member
100% right on.......... To show a current example: last year my local GMC store had 2 year old brand new crew cab diesels sitting on the lot along with 25 current model diesels. As of last weekend they had 2 that I saw. When I asked about the selection the salesguy said they got killed last year and won't order as many in the future. The days of dealer floorplanned high end boats is over (they can't afford to do it) and the trend will be manufacturer direct sales hopefully saving the client/buyer money by cutting out the middleman.
Pull your own boat parts may not happen though since boats take up a lot of space for just the rear end holdling all the good stuff. I could easily see boats cut into a 1/4 and shredding the 3/4 of the unusable stuff.
JupiterSunsation
New member
99% of all repo boats came from dealers originally...........:sifone:
