Here's My Beef With Legend Marine
#21
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Been in water once, big difference from my 03 35. Cruised along mid-nineties in some pretty big water (could not keep props in water) a few weeks back, a bunch of throttle left. More of a shake-down run than anything else.
XCPilot, glad you were able to hit the century mark.
Ragged, been too busy getting work done to go smile again but it gives me a goal to work towards !
XCPilot, glad you were able to hit the century mark.
Ragged, been too busy getting work done to go smile again but it gives me a goal to work towards !
#23
OSO OG
Gold Member
According to a dealer who will remain nameless (I have stirred up enough crap already) the dealers margin selling these bank repos is 10%. So its not like they are selling these boats for nothing. They are still picking up 15-20 thousand dollars moving one of these and they have no carrying costs.
#24
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iTrader: (3)
10% is historically a very tight deal. I would RARELY do a deal for less. As an industry, you need to avg 17% to run a viable dealership. And at that rate, your not getting rich. Again, lack of knowledge. Not trying to break your balls, just reinforcing my prior posts.
#25
OSO OG
Gold Member
You dont/shouldnt have to pay floor on most of your inventory if you stock it and turn it properly. The floor is paid by the mfg for roughly 90-365 depending on the unit. Obviously the higher the invoice the longer the juice is paid.
Yes, 10% would be the minimum "normal" deal. And at that number it's a no-frills deal. A la carte all the way. Obviously some deals are done for less like friends, family, old units etc. anything over 20% has always been considered a home run deal.
Yes, 10% would be the minimum "normal" deal. And at that number it's a no-frills deal. A la carte all the way. Obviously some deals are done for less like friends, family, old units etc. anything over 20% has always been considered a home run deal.
#26
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I dont think it should matter what type of price break the guy got. if the boat wasnt ready for delivery it wasnt ready. as for batteries if the dealer would have called sayen they were shot I would be willing to bet he would have said change em out insteade of being surprised.
#27
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10% is historically a very tight deal. I would RARELY do a deal for less. As an industry, you need to avg 17% to run a viable dealership. And at that rate, your not getting rich. Again, lack of knowledge. Not trying to break your balls, just reinforcing my prior posts.
Being somewhat of an insider here I agree with the percentages required to make things work. But a "bank owned" deal is really more of a brokerage relationship and 10% is a fair number industry wide. Costs related to the sale in a brokerage deal are always above and beyond the base fee, such as storage/dockage, launch for trial, etc., and not on the dealer. So that would make tomtbone's comment about the 10% pretty accurate, a reasonable fee for services in light of no costs associated with the boat for sale.
In any event, one's expectation of a new boat purchased, from an established dealer, being ready for use when delivered in my book goes without saying. I have sold and delivered more than a few boats over the last 8-9 years, done my best to portray them for what they were. Have made right things that were unforseen, gone to bat with the dealership in behalf of the buyer, and even gone so far as to pay out of my own pocket for things when I felt the dealership was not responsible, all to make for a happy boater.
#29
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Join Date: Mar 2006
Location: Henderson,Ky
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Why not just find out wich bank has the boat then deal with them that is what a friend of mine did on an 08 42. Then you dont have to screw with SHADY A$$ dealers! It appears that there are no honest dealers left!!
#30
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Join Date: Jun 2009
Location: Lake Havasu AZ
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Fuel load was fairly light, about 1/4 tank if I remember. there was three of us in the boat and the temp was in the low seventies. We had a tailwind and some good waves to get the hull loose. Probably ideal conditions. Last weekend after Desert Storm I topped out at 96 in calmer water and about 85 degrees, with a half tank of fuel.