Deposit - SailNet Community
LinkBack Thread Tools
post #1 of 2 Old 01-06-2002 Thread Starter
Junior Member
Join Date: Oct 2001
Posts: 12
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0

I''ve just been asked to pay 15% of base boat price (and shipping), plus 100% of all options as up front deposit on a new yacht. Incidentally, it will take 11 months from order to delivery. Seems like a rip off to me. Anyone disagree?
jonconway is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
post #2 of 2 Old 01-07-2002
Jeff_H's Avatar
Join Date: Feb 2000
Location: Annapolis, Md
Posts: 7,442
Thanks: 11
Thanked 236 Times in 187 Posts
Rep Power: 10

That is not unusual. The deposit on a new yacht seems to vary from 10% ro 25% plus 100% of all add ons. Traditionally, you paid 10% plus options up front and then there were a number of progress payments as the boat progressed. You would get a picture and a bill when the hull was laid up and another when the interior was finished and so on. By the time the boat was ready to ship you had typically paid close to 75%. At some point that system went away and the amount of the deposit went up. Its not a rip off because all that the boat manufacturer is asking you to do is subsidize some of the costs of ''carrying the boat'' during construction. It also protects them if you bail out of the deal by leaving them with enough cusshion that they can still floor plan the boat and sell it at a discount and not be upside down.

Jeff_H is offline  
Quote Quick Reply Share with Facebook

Quick Reply

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now

In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Similar Threads
Thread Thread Starter Forum Replies Last Post
purchase agreement kristenmiller Boat Review and Purchase Forum 1 09-13-2004 09:48 PM
Sea Trial TADIAS Boat Review and Purchase Forum 10 08-12-2004 01:49 PM
HELP!! Question about making an offer with sellers broker Herbstr Boat Review and Purchase Forum 20 06-27-2002 01:08 PM

Posting Rules  
You may post new threads
You may 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 On
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome