Checkmate Shut Down
05-21-2013 | 12:57 PM
#31
Forum Regulator
Joined: May 2001
Posts: 24,211
Likes: 1,608
From: Worldwide
Always amazed at the number of experts on topics like these.
Here is the demographic issue:
The typical NEW Checkmate buyer (typical, not every single one)...
... is NOT a cash buyer. He or she is a buyer who would need a loan on said boat.
Recreational lending is practically non-existent; and if it is available to you; normal terms are 20-30% of purchase price down in cash... AND...
BIG AND...
still have another 20-30% of the purchase price in liquid cash form in some portion of your portfolio; AFTER you stroke the down payment check.
If you can't meet the above terms, you are not buying an extended loan (read 20-year mortgage type of loan) on an RV, boat, airplane, or other high ticket item.
That's what has affected Checkmate's new business orders. And they are obviously not the only ones.
Here is the demographic issue:
The typical NEW Checkmate buyer (typical, not every single one)...
... is NOT a cash buyer. He or she is a buyer who would need a loan on said boat.
Recreational lending is practically non-existent; and if it is available to you; normal terms are 20-30% of purchase price down in cash... AND...
BIG AND...
still have another 20-30% of the purchase price in liquid cash form in some portion of your portfolio; AFTER you stroke the down payment check.
If you can't meet the above terms, you are not buying an extended loan (read 20-year mortgage type of loan) on an RV, boat, airplane, or other high ticket item.
That's what has affected Checkmate's new business orders. And they are obviously not the only ones.
Last edited by Sydwayz; 05-21-2013 at 12:59 PM.
05-21-2013 | 01:41 PM
#32
Gold Member
Joined: Sep 2011
Posts: 2,643
Likes: 18
From: cleveland ohio
It always makes me laugh when the "go to" answer for all that ails the world is: "it's obama's fault".
Get ahold of yourselves fellas, Hillary is up next and the right wing has no hope in fielding a legitimate opponent. Chew on that folks.
Get ahold of yourselves fellas, Hillary is up next and the right wing has no hope in fielding a legitimate opponent. Chew on that folks.
05-21-2013 | 01:41 PM
#33
Banned
Joined: Jan 2002
Posts: 3,259
Likes: 1
From: Bell Canyon, CA
Wow, more blaming of others.....why not focus on what you can control. Change or improve your financial situation so you can afford the things that you want. Can't afford to heat and cool your home, buy something more efficient. I live in NY which is much higher than your area, and my utilities are not nearly that high. Gas too much for your boat, maybe consider finding something a little smaller than that giant Black Thunder, wtf? If your friend can spend money on boating and buy something nice for the kids then guess what......he can not afford to own a boat, plain and simple. Your post says democrat all over it, yet you are blaming a democrat. Don't expect a politician to make things easier for you, unless you are on welfare.
Again, I am not a dem, or a reb. But I am learned in life there is always a way. Never stop trying to improve. Don't focus on things you can't control. And for gods sake stop blaming others....it will only make you bitter. Enjoy life
Again, I am not a dem, or a reb. But I am learned in life there is always a way. Never stop trying to improve. Don't focus on things you can't control. And for gods sake stop blaming others....it will only make you bitter. Enjoy life
Simple stuff.
05-21-2013 | 01:43 PM
#35
Neno the mind boggler
Joined: Sep 2001
Posts: 13,080
Likes: 320
From: toledo oh
__________________
Throttles- Cleveland Construction 377 Talon
08 OPA Class 1 National Champion
08 Class 1 Geico Triple Crown Champion
08 OPA High Points Champion
10 OPA Class 1 National Champion ( happy now Ed! )
Throttles- Cleveland Construction 377 Talon
08 OPA Class 1 National Champion
08 Class 1 Geico Triple Crown Champion
08 OPA High Points Champion
10 OPA Class 1 National Champion ( happy now Ed! )
05-21-2013 | 02:54 PM
#38
Gold Member
Joined: Jun 2006
Posts: 5,120
Likes: 965
From: Seaford, VA
The last 5 years has been the perfect storm for performance boating. It is EVERYTHING mentioned.
Though the crushing economic circumstances speak for themselves, I think the sport will be hard pressed to battle back against the demographic and cultural/social shifts that face America in general. People are less self-reliant and more apt to take the path of least resistance - everyone on this website can attest to the fact that doesn't lend itself to owning a go-fast boat; even in the best of times they are a lot of work. People have no interest in spending their weekend pulling engines out to replace a swivel seal - they would rather spend it dicking around on their i-pad. Even those that do want to be out on the water are probably going to go buy a $4k jet ski, put $20 in fuel in it and run 70MPH all day long.
Though the crushing economic circumstances speak for themselves, I think the sport will be hard pressed to battle back against the demographic and cultural/social shifts that face America in general. People are less self-reliant and more apt to take the path of least resistance - everyone on this website can attest to the fact that doesn't lend itself to owning a go-fast boat; even in the best of times they are a lot of work. People have no interest in spending their weekend pulling engines out to replace a swivel seal - they would rather spend it dicking around on their i-pad. Even those that do want to be out on the water are probably going to go buy a $4k jet ski, put $20 in fuel in it and run 70MPH all day long.
05-21-2013 | 04:08 PM
#40
Registered
Joined: Sep 2008
Posts: 1,200
Likes: 1
From: LOTO
I won't be voting for Hilary. But at east she's a democrat. Not a socialist Muslim.
