Like Tree0Likes

so many boats for sale

Reply
Old 09-28-2010, 10:29 PM
  #1
Registered
Thread Starter
 
Join Date: Apr 2010
Posts: 122
Default so many boats for sale

why does it seem to me that there is alot of certain manufacturer boats for sale in classified, like, fountain,mti,scarab,and a few others. not knocking anyone just a observation with a curiousty.
fkboatman is offline  
Reply With Quote
Old 09-28-2010, 11:39 PM
  #2
Charter Member # 55
Charter Member
 
Griff's Avatar
 
Join Date: Oct 2000
Location: Omaha
My Boats: .......32............. ...............Active Thunder....
Posts: 15,738
Default

Some brands are just because there were a lot of them made.
Some of the very high end boats go up for sale shortly after they a built. The people who buy them have the cash and are looking toward the next boat. There is also a big difference between being for sale and being priced to sell.
Actually the number of boats in the OSO classifieds is down a lot from what it was 2 years ago. There used to be 1000-1200 boats listed most of the time.
Griff is offline  
Reply With Quote
Old 09-29-2010, 08:46 AM
  #3
Registered
 
SS930's Avatar
 
Join Date: Aug 2003
Location: At the office.
My Boats: 1990 Donzi Sweet 16
Posts: 6,684
Default

Agreed... Way more Fountains have been produced than Powerplay's.

I think a lot of folks buy these insane cats, etc and either realize they're a lot more involved than a 32' Sea Ray, or simply have been effected by the economy and are so far upside down that they have to list them at crazy high prices. And lets be honest, if you car afford $500k for a three year old MTI, you'll probably want to anti up a few more dollars and build a brand new one to your own specs...

I fully agree regarding the comment about some sellers price their boats to sell, others are just fishing for top dollar and dont care if they sell. Then there are even a few that are such prestigious sellers that they dont want to even give a price out...
SS930 is offline  
Reply With Quote
Old 09-29-2010, 01:57 PM
  #4
Registered
Trade Score: (2)
 
MidOcean's Avatar
 
Join Date: Sep 2005
Location: Lake Norman/ Cornelius, NC
My Boats: 2001 Viking 61, 2002 45' Sonic
Posts: 1,632
Default

Quote:
Originally Posted by fkboatman View Post
why does it seem to me that there is alot of certain manufacturer boats for sale in classified, like, fountain,mti,scarab,and a few others. not knocking anyone just a observation with a curiousty.
Some brands are easier to finance as in the dealers who sell them were hooked in with quick easy plans a few years ago. Now that the economy has gone south, those guys who found it so easy to get into a boat are finding it hard to get out.. Those easy plans required little down. With little or no equity in the boat and a depreciating market, many of these guys have to get their price to satisfy the huge notes they took out.
MidOcean is offline  
Reply With Quote
Old 09-29-2010, 04:29 PM
  #5
Gold Member
Gold Member
 
seafordguy's Avatar
 
Join Date: Jun 2006
Location: Seaford, VA
My Boats: Cigarette - Cafe Racer
Posts: 3,683
Default

Fountain/Scarab - Tons have been made and it is a numbers game.

MTI - Lots of big money players in this brand who have boats for sale the minute they buy them because they are always thinking about the next move.

One day I hope to be in the latter category.
seafordguy is offline  
Reply With Quote
Old 09-29-2010, 09:17 PM
  #6
Registered
VIP Member
 
Join Date: Oct 2004
Location: Long Island, NY
My Boats: 1998 Scarab
Posts: 870
Default

Ya, sometimes it is somebody with a ton of money and they are thinking of their next boat, but usually it's not. It's somebody with excellent credit and a little bit of money. Everyday you see people with a $1.2 million house and a $450,000 boat, with a household income of $165,000 per year. Are you kidding me ? That person has no intentions of ever paying off that boat, hold on as long as possible and hope you can find some sucker to take it off your hands for what you owe on it, or just keep burying yourself deeper by trading it in. I'm pretty sure when someone takes a 20 year loan on a boat, that they don't really plan on keeping it for 20 years. Hell, I couldn't even tell you what I want next month, much less in 20 years. I would say that certain people "lease" boats, you know, never paying them off and getting a new one every couple of years, hoping it never catches up with them ( It usually does )
frankenstein is offline  
Reply With Quote
Old 09-30-2010, 12:11 PM
  #7
Registered
 
Join Date: Sep 2010
Posts: 6
Default

Well, might be because to give buyers options to choice. Choice from the most expensive to a lower price...
matthewsmith is offline  
Reply With Quote
Old 09-30-2010, 12:46 PM
  #8
Commercial Member
Commercial Member
 
cdowns's Avatar
 
Join Date: May 2008
Posts: 830
Default

Quote:
Originally Posted by frankenstein View Post
Ya, sometimes it is somebody with a ton of money and they are thinking of their next boat, but usually it's not. It's somebody with excellent credit and a little bit of money. Everyday you see people with a $1.2 million house and a $450,000 boat, with a household income of $165,000 per year. Are you kidding me ? That person has no intentions of ever paying off that boat, hold on as long as possible and hope you can find some sucker to take it off your hands for what you owe on it, or just keep burying yourself deeper by trading it in. I'm pretty sure when someone takes a 20 year loan on a boat, that they don't really plan on keeping it for 20 years. Hell, I couldn't even tell you what I want next month, much less in 20 years. I would say that certain people "lease" boats, you know, never paying them off and getting a new one every couple of years, hoping it never catches up with them ( It usually does )
I cant remember the last time a MTI customer financed their boat.
cdowns is offline  
Reply With Quote
Old 09-30-2010, 12:56 PM
  #9
Charter Member # 55
Charter Member
 
Griff's Avatar
 
Join Date: Oct 2000
Location: Omaha
My Boats: .......32............. ...............Active Thunder....
Posts: 15,738
Default

99% of people never plan on paying off their boat. The secret is not ever getting upside down on them.

People buying the very high end performance boats are not taking out boat loans on them. They don't need to.
Griff is offline  
Reply With Quote
Old 09-30-2010, 01:07 PM
  #10
Registered
 
bigboat28's Avatar
 
Join Date: Dec 2004
Location: Ohio
My Boats: 2004 31 Formula PC and a 1988 28 Pantera for sale
Posts: 3,142
Default

Must be nice!!!!!!!!!
bigboat28 is offline  
Reply With Quote
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 09:45 PM.


Copyright 2011 OffShoreOnly. All rights reserved.