Buying new boats in this economic environment? - Page 3 - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > On Board > Boat Review and Purchase Forum
 Not a Member? 


Reply
 
LinkBack Thread Tools
  #21  
Old 02-09-2009
tommays's Avatar
Senior Member
 
Join Date: Sep 2008
Posts: 4,253
Thanks: 1
Thanked 26 Times in 26 Posts
Rep Power: 7
tommays will become famous soon enough
Well

I think that many 401K type people have lost so much of there savings and now have it fresh in there minds how fast things can get BAD, that even if we recovered in a year it will take much longer for people to feel comfortable enough to commit to a BIG ticket item for that they WANT but dont NEED


And buying things we WANT on borrowed money is the root cause of the mess
__________________
1970 Cal 29 Sea Fever

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

1981 J24 Tangent 2930
Tommays
Northport NY


If a dirty bottom slows you down what do you think it does to your boat
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #22  
Old 02-09-2009
Member
 
Join Date: Apr 2008
Posts: 43
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
rigamarole is on a distinguished road
YD, Second quarter of 10 isn't that far away. I don't know your price range but new boats would require pulling the trigger now and used is about 4 months from offer to close. My situation is that I need a boat right now like I need VD but sometimes the opportunity is too good to pass up. (analogy, you get screwed with both)

One example of taking advantage of a market is Henry Ford. People think he became rich from selling cars, which he did. But his real wealth came during the depression when he bought the complete pipeline of assets needed to make a car for pennys on the dollar. This hopefully will be as close as we come to a depression in my lifetime and when opertunity knocks, I'm answering.
Reply With Quote Share with Facebook
  #23  
Old 02-09-2009
Member
 
Join Date: Apr 2008
Posts: 43
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
rigamarole is on a distinguished road
You can't always get what you want
You can't always get what you want
You can't always get what you want
But if you try sometimes you might find
You get what you need
Reply With Quote Share with Facebook
  #24  
Old 02-09-2009
Cruisingdad's Avatar
Best Looking MALE Mod
 
Join Date: Jul 2006
Location: Washington State
Posts: 9,904
Thanks: 3
Thanked 108 Times in 53 Posts
Rep Power: 10
Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough
One of the main reasons to buy new is that when things break (and they do, believe me), someone else fixes them. That may not be the case in the current environment.

You find that most dealers handle the warranty claims and many dealers may not be around if things don't change soon. Of course, the warranty goes through the manufacturer, but even they may struggle to get their parts from other companies if they are going broke. Remember, a sailboat is 99% other peoples products. And why buy new if you have to turn around and put it on yourself?? You will find that a new boat WILL have problems... period. Many of these things seem to want to break in the first 90 days if they are going to fail.

The other benefit of buying new is that you know what has been done to your boat, and what has not. Assuming what you get is as good of a product as the boat before it, that should be fine. However, I doubt any of us know what to expect to be coming out of these companies anymore.

I bet you would be fine with a beneteau or a Catalina. They probably have enough resources and finances to see through these things longer than most. More specialty builders may have more of a problem as their customer base (and likely total income) is less. As far as the Hinkleys/Swan's of the world... I have always wondered if they would even know there is a bad economy. I honestly do not know.

The used market is actually doing pretty well right now. I know several Catalinas and apparently Bene's are holding or increasing their value right now. Depends on the models, I guess.

My theory on boats and te future... it is worth what you are about to pay for it:

I believe this year and next will see massive failures of boat companies, suppliers, third party manufacturers and others. I think a massive percentage of the dealers will go out of business. I think more now than ever, those companies that survive will directly market their boats to control their own costs.

I suspect that in 12 months you will see massvie numbers of boats on the market that were repo'd by the banks. THe banks will offer to sell them for cut rate prices and will offer them for LESS than they have in them... maybe much less. However, I believe that many of these boats will be severly neglected and serious need of maintenance. I mean come on, if you are going to let your boat go to repo, you certainly are not going to be changing the oil every 100 hours!! SO I believe it will be "Buyer Beware" on these boats.

I believe that many of the best boats will be the used boats that are directly sold by the seller or maybe broker. They will cost more than the repo'd boats of the banks, but in much better shape. They will cost a bit less than the new boats coming off the line directly from the manufacturers, but they will be better made and in the long run a better value. I think these boats will be harder to find but will see it through the economic crisis and beyond.

Those are my thoughts. But then again, I thought the Cowboys would go to the Superbowl, so my predictions have not been great lately!!!

Brian
__________________
Sailnet Moderator



1987 Tayana Vancouver 42, Credendo Vides, (Mom and Pops boat, F/T Mobile Live Aboards in Puget Sound)

My Website:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Follow My Blog at:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Follow me on Facebook:

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #25  
Old 02-09-2009
danielgoldberg's Avatar
Senior Member
 
Join Date: Feb 2008
Location: New York
Posts: 679
Thanks: 0
Thanked 2 Times in 2 Posts
Rep Power: 7
danielgoldberg is on a distinguished road
Quote:
Originally Posted by yellowwducky View Post
Do you think builders are sitting on large amounts of inventory though Dan? I am not sure how the business works but I would think right now that without an order you wouldn't just be rattling off boats without orders. Sure you would make your show versions to get to the different venues but would there be piles of boats sitting in stock at Lagoon or Hanse or whoever?
Sorry for the delayed response.

Dealers DEFINITELY hold inventory. Most manufacturers require the dealers to hold a certain number of boats in various models in inventory. Believe me, go to a new boat dealer of any production line, and they have new boats in inventory. Note that I'm speaking of monohulls; I'm not sure if the multihull dealers work the same way.

And CD, Cowboys??!!! Aren't you in Texan country down there?
__________________
Dan Goldberg

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #26  
Old 02-10-2009
Senior Member
 
Join Date: Nov 2008
Posts: 133
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 6
yellowwducky is on a distinguished road
My thought is trigger pulling lets say April 2010. Budgeting 8-12 months for a build gives me time to flog stuff, cut leases, keep on with lessons and when its complete, be pretty much lined up for setting off early 2011.

Of course, plans are just that but at the moment, that is what we are thinking. My hunch is I would still be thinking new or near new - we would be looking for a cat so 15-20 year old boats fully depreciated just are not really even available as much of an option. That, and I doubt the SO wants to get involved with that kind of a project.

So far, not having been on any I hasten to add, the boats I think of as candidates so far would be things like Outremer 49, Catana 4?, Atlantic 42 or 48, Leopards and maybe a FP. None of these are 'major builders' or in the case of Atlantics would be a custom builder. If you put a gun to my head right now, I like the Outremer 49 as the best compromise given my current understanding. ymmv of course!
Reply With Quote Share with Facebook
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
THE Yacht Builder List T37Chef Boat Review and Purchase Forum 26 07-08-2011 05:51 AM
Coastal v. Bluewater cruiser, your thoughts EveningStar Sailboat Design and Construction 17 11-02-2007 06:13 PM
BUYING OLDER BOATS & MARKET TIMING halyardz Boat Review and Purchase Forum 6 02-12-2001 11:15 AM


All times are GMT -4. The time now is 03:36 AM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.