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New Formula FasTech pricing - WTF!?!?

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Old 07-26-2006, 07:50 PM
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Default Re: New Formula FasTech pricing - WTF!?!?

Putting up hugely inflated prices on the website seems to me to be somewhat counterproductive. Let's say I'm a potential new boater, or new to the performance market. I hear good things about Formula, so I check out their website - if I price a boat and it specs so high ($200K!), I might just forget about it altogether and never find out that the "real" price is almost half what the website shows. Instant lost sale.
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Old 07-26-2006, 08:02 PM
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Arrow Re: New Formula FasTech pricing - WTF!?!?

Quote:
Originally Posted by Semper Fi
I sill can't understand why it's so expensive to build a boat. The prices of new boats today are absolutely out of control. Let's look at the some of the builders out there....OL, Cigarette, Nor-Tech....these guys are making BANK!!!

I still can't figure out how a boat costs $500K and can be built in 8 weeks when a $500K home has 50X the material and 50X the man hours to build and takes 6+ months to build????? There is something seriously wrong with this

I can't afford a new boat with a pricetag of $250K, nor would I ever want to spend that much on such a depreciating asset. If I was wealthy, I guess that would change
I agree...but then you look at the anual report of a company like Fountain and some years their profit margin is only fair to decent for all the hard work.

I think the money is in equiptment used to build the boat and good old Union Labor Wages and benefits......solution...build 'em in Taiwan...for probably 1/3 the cost...or better yet China!
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Old 07-26-2006, 08:23 PM
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Default Re: New Formula FasTech pricing - WTF!?!?

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Originally Posted by Hydrocruiser
I agree...but then you look at the anual report of a company like Fountain and some years their profit margin is only fair to decent for all the hard work.

I think the money is in equiptment used to build the boat and good old Union Labor Wages and benefits......solution...build 'em in Taiwan...for probably 1/3 the cost...or better yet China!
Fountain employees are Unionized? They probably figured a "union" was what it was called when you married your sister.
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Old 07-26-2006, 09:12 PM
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Default Re: New Formula FasTech pricing - WTF!?!?

look at Sea Ray...legit sell prices are 40% off printed MSRP
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Old 07-26-2006, 09:20 PM
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Default Re: New Formula FasTech pricing - WTF!?!?

most of your production boats are inline with similar markup to SeaRay...go take that printed up MSRP to a Formula dealer and i'll bet if you have an aggressive dealer you can get real close to the $125,000 mark
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Old 07-26-2006, 09:35 PM
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Default Re: New Formula FasTech pricing - WTF!?!?

I Priced A 271 The Other Day With A 525 With Trailer 143k Out The Door. The 292 Was 3k Cheaper. Kinda Blew Me Away.
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Old 09-28-2006, 11:44 PM
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Default Re: New Formula FasTech pricing - WTF!?!?

Quote:
Originally Posted by GoCiggie31
Had a close friend chomping at the bit to by my cig. So I went to a new Cig dlr in Sacramento area to spec out an 06 30', leather, most the bells and wistles and t525s w/ alum myco trailer= $349,000-
Additionally, this 'new cig' store sublets all the service because no service dept (how does Cig allow a franchise dlr to not have a full service dept?).
Needless to say, I am keeping my ol' cig.

Who is the new Cig dealer in Sacramento?? Do they have anything on the showroom floor?

Thanks
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Old 09-29-2006, 06:28 AM
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Default Re: New Formula FasTech pricing - WTF!?!?

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Originally Posted by NRG
I would like to hear more from Salesmanship and other builders as I think you couldn't be more wrong.
I had an opportunity to purchase a few good molds and start a business in the manufacturing boat business with an experienced partner, who had building boats for years and had a good following as well as a good product. The objective was to try and get this boat co. to the level of units sold as well as quality of a Nortech, OL, and Cig, or just somewhere close over time. After I looked at all the numbers, and what he paid his employee's, mortg. pmt and so on, there wasnt that much left over. I also used the fair price method like Nortech does not the pricing of OL or Cig. does when selling these boats. I was being realistic and not figuring I was going to get 750K plus for a 1075 motor on a 41-43' boat but somewhere in the low-high 4's. Tough business to be in. Resin prices are out of control, and TS summed it up the best.

I also own a cultured Marble shop, again resin prices are almost 800. per barrel. Im in the most captive market you could be in, KATRINA USA and still find it hard to make a profit and be competive. These oil prices need to come down.

BTW Terry is my boat done yet Jeff
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Old 09-29-2006, 09:03 AM
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Default Re: New Formula FasTech pricing - WTF!?!?

Call Magicfloat on Formula pricing. He can get a "real" price on Formulas. He has low overhead and knows the product well.
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Old 09-29-2006, 11:40 AM
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Default Re: New Formula FasTech pricing - WTF!?!?

Quote:
Originally Posted by Sean H
that skater was advertised at 170 something at one time as retail... they must have added a real nice trailer....

I called on that skater durring the beginning of summer to see if it was a typo....said "no, its a custom 28 cut down."
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