Boat Market
05-17-2022, 12:12 PM
#21
Registered
iTrader: (1)
05-17-2022, 12:28 PM
#23
Platinum Member
Platinum Member
All of the new boat builds now have an inflation clause in the contract.
When it comes to new boats, that's why working with a dealer is best as they usually have paid build slots already slated, with prices somewhat locked in.
Sure, you are going to pay to buy into that slot, but it's likely not as expensive as paying to go to the back of the line, AND the wait associated.
Some boat dealers are selling used boats, and ALREADY have the NEXT buyer lined up.
For example; some folks want to buy a performance oriented CC to use at their second home on the water for the summer, AND there is someone that wants that exact same boat for the Key West Poker Run in November and their winter place in Florida.
Again, that's what the dealer advantage is in this market; as opposed to talking direct to the manufacturers.
A friend of mine had a build slot purchased through a dealer for a new 39' NorTech CC. He paid $25,000. 6 weeks later, he sold that slot for $50,000. That's a pretty decent return!
BUT, that was not enough to cover the inflation of the new boat cost, now going to the back of the line. So he bought something else.
When it comes to new boats, that's why working with a dealer is best as they usually have paid build slots already slated, with prices somewhat locked in.
Sure, you are going to pay to buy into that slot, but it's likely not as expensive as paying to go to the back of the line, AND the wait associated.
Some boat dealers are selling used boats, and ALREADY have the NEXT buyer lined up.
For example; some folks want to buy a performance oriented CC to use at their second home on the water for the summer, AND there is someone that wants that exact same boat for the Key West Poker Run in November and their winter place in Florida.
Again, that's what the dealer advantage is in this market; as opposed to talking direct to the manufacturers.
A friend of mine had a build slot purchased through a dealer for a new 39' NorTech CC. He paid $25,000. 6 weeks later, he sold that slot for $50,000. That's a pretty decent return!
BUT, that was not enough to cover the inflation of the new boat cost, now going to the back of the line. So he bought something else.
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05-17-2022, 01:26 PM
#24
VIP Member
You can no longer sell a build slot at Nor-Tech. If you have paid for a slot you either finish the boat or Nor-Tech will refund your deposit, under normal circumstances I assume. When I asked why they wouldn't just keep the deposit or a portion of it, "we don't want to do business that way" was the response I got.
If the dealer bought & paid for a slot, I would assume they would continue with the design and specifications of their choosing; knowing what they can sell when the boat is actually done.
05-17-2022, 01:35 PM
#25
Registered
All of the new boat builds now have an inflation clause in the contract.
When it comes to new boats, that's why working with a dealer is best as they usually have paid build slots already slated, with prices somewhat locked in.
Sure, you are going to pay to buy into that slot, but it's likely not as expensive as paying to go to the back of the line, AND the wait associated.
Some boat dealers are selling used boats, and ALREADY have the NEXT buyer lined up.
For example; some folks want to buy a performance oriented CC to use at their second home on the water for the summer, AND there is someone that wants that exact same boat for the Key West Poker Run in November and their winter place in Florida.
Again, that's what the dealer advantage is in this market; as opposed to talking direct to the manufacturers.
A friend of mine had a build slot purchased through a dealer for a new 39' NorTech CC. He paid $25,000. 6 weeks later, he sold that slot for $50,000. That's a pretty decent return!
BUT, that was not enough to cover the inflation of the new boat cost, now going to the back of the line. So he bought something else.
When it comes to new boats, that's why working with a dealer is best as they usually have paid build slots already slated, with prices somewhat locked in.
Sure, you are going to pay to buy into that slot, but it's likely not as expensive as paying to go to the back of the line, AND the wait associated.
Some boat dealers are selling used boats, and ALREADY have the NEXT buyer lined up.
For example; some folks want to buy a performance oriented CC to use at their second home on the water for the summer, AND there is someone that wants that exact same boat for the Key West Poker Run in November and their winter place in Florida.
Again, that's what the dealer advantage is in this market; as opposed to talking direct to the manufacturers.
A friend of mine had a build slot purchased through a dealer for a new 39' NorTech CC. He paid $25,000. 6 weeks later, he sold that slot for $50,000. That's a pretty decent return!
BUT, that was not enough to cover the inflation of the new boat cost, now going to the back of the line. So he bought something else.
05-17-2022, 02:56 PM
#27
Registered
Its a dick move because your intent was to never follow through on your agreement, rather sell your spot in line for profit. That may work in the marine world and be acceptable. I have an allocation for a 2023 Porsche GT3 that I purchased 3 months ago, and in my contract it clearly states the allocation can not be sold prior to taking possession of the vehicle. It’s also a way to guarantee you can’t buy one in the future if you try.
05-17-2022, 03:01 PM
#28
2) He already owned a 39' NT CC, and purchased a slot to build a new one. He had every intention to build it; but how would you know what the intention was to even assume such?
Alas, his family and boating plans changed. How TF does that make him a dick though? Sure, he made a profit; because he could. Folks act like profit is a 4-letter word. You let your money make money when you can.
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hoodoo (05-18-2022)
05-17-2022, 03:24 PM
#29
Registered
1) It wasn't me.
2) He already owned a 39' NT CC, and purchased a slot to build a new one. He had every intention to build it; but how would you know what the intention was to even assume such?
Alas, his family and boating plans changed. How TF does that make him a dick though? Sure, he made a profit; because he could. Folks act like profit is a 4-letter word. You let your money make money when you can.
2) He already owned a 39' NT CC, and purchased a slot to build a new one. He had every intention to build it; but how would you know what the intention was to even assume such?
Alas, his family and boating plans changed. How TF does that make him a dick though? Sure, he made a profit; because he could. Folks act like profit is a 4-letter word. You let your money make money when you can.
I would have to agree with this. If somebody wants to sell their slot, they should be able to. If it's for a profit, good for them. If they bought it with the sole intent to sell it, so what? If somebody is willing to pay double what a slot is worth to jump the line, and it doesn't actually push anybody back, who loses? Everybody got what they paid for, at a price they willingly agreed to pay for it.
Just one dick's opinion.
Thanks. Brad.
(937)545-8991
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Sydwayz (05-17-2022)
05-17-2022, 03:54 PM
#30
Registered
1) It wasn't me.
2) He already owned a 39' NT CC, and purchased a slot to build a new one. He had every intention to build it; but how would you know what the intention was to even assume such?
Alas, his family and boating plans changed. How TF does that make him a dick though? Sure, he made a profit; because he could. Folks act like profit is a 4-letter word. You let your money make money when you can.
2) He already owned a 39' NT CC, and purchased a slot to build a new one. He had every intention to build it; but how would you know what the intention was to even assume such?
Alas, his family and boating plans changed. How TF does that make him a dick though? Sure, he made a profit; because he could. Folks act like profit is a 4-letter word. You let your money make money when you can.
For that matter, I had waiting list to custom paint the bikes, the guys on the list would do the same thing. Being impatient can be expensive
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Sydwayz (05-17-2022)
