Thinking About A New Boat

[dakota4ce]

Yessir!


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[Germaine Marine]

I was told he bought an x23 for 150...

[Germaine Marine]

You making it out west for the reunion his year? Going to have some neat boats this year

[dakota4ce]

http://www.onlyinboards.com/2012-MB-...gan-62036.aspx

Alert alert alert: this is a KICK A$$ boat. The old B52 23 hull was such a sweetheart! Get this for 53, slap GSA on it and save your pennies!
Just being a pest here. Sorry

[bsreid]

http://www.secamarine.com/boat-sales.../2012-tige-z3/ (Canadian dollars)


Remove the wrap, give it some sort of taps 3 like you tried on your current boat and you got yourself a great boat for cheaper than most.

[dakota4ce]

That's 66k USD. It does cost a few grand to get it repatriated and hauled home. So call it 69-70.


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[Germaine Marine]

http://www.onlyinboards.com/2012-MB-...gan-62036.aspx

Alert alert alert: this is a KICK A$$ boat. The old B52 23 hull was such a sweetheart! Get this for 53, slap GSA on it and save your pennies!
Just being a pest here. Sorry

That b52 had what price tag in 2012?

[dakota4ce]

No clue.


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[dakota4ce]

Thinking About A New Boat

I would warn against banking on the boat pricing increases year to year, however, to justify anything. Lots of people fell victim to the same fallacy in 2008 and 2009 by thinking that their homes would increase every year. That came crashing down, as the market discovered the limit. There has to be a limit for the price of a good vDrive boat out there, and we have to be getting damn close. Maybe I'm too conservative for this world?

That's just me. You sell boats, therefore, see it differently. I buy boats and am very conservative, therefore see it differently.

And UNSTUCK, well, he likely sees it some place between us. I am sure he will get a sweet boat and what is a good deal to him!


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[UNSTUCK]

One thing I have learned about myself throughout this ordeal is that I am becoming increasingly indecisive in my old age. It used to be that I knew exactly what I wanted all the time. I am so stuck (ironic, huh?) on the pros and cons of each boat I'm at a complete loss. It doesn't help much that my financial situation didn't clear up by the end of the year, like it was supposed to. Now I'm rolling a bit of a mess into a new year that I'm not happy about. So what I thought would be a fun Christmas present to my family may turn into a Valentine's gift to them instead. Can you do a boat for valentines?

Dakota, I like that B52 you posted up. I heard that that motor is weaker than the new 400. I am also told that the 400 is too weak for a b52 with 5000 pounds of ballast at my elevation.

Bsreid, I'd have to see the boat without the wrap on it. There was a reason they put it on in the first place.

Mike, you pointed out those two Z3's a while back, and I still really like both of them. I need to reach out to them.


I don't fully understand the depreciation of these boats. Sounds like the first year will really kill you, then it starts to slow down? The used '16 b52 I really have my eye on is down to $77k. I'm being told it should be more like $71k. The boat was sold new for $90k one year ago! That tells me never to buy a new MB.
The Z3's we are interested in aren't much better. A '15 that will have taps 3 and I believe all the options is at $72k. A '16 that is similar is about $80k. I'm sure they were at least $90k new, maybe $100k. Ouch! When does it start to slow down? Should I look a few years older?

[bsreid]

Searching for boats is actually quite enjoyable.
Here's another for about 66k
http://www.kijiji.ca/v-powerboat-mot...ationFlag=true

[talltigeguy]

The guys who don't lose a lot the first year are getting a honey deal from their dealer. It just defies the laws of economics. I hear it all the time on these boards and I think some of them are guys who have other motives, like either selling a boat, or padding their ego, or they aren't very good at math.

If I could buy a new boat every year and only lose 5K on the deal, then I would love to do that. And on the buyer side, if I was offered 100K for a boat I liked or 95K for last year's model of the same thing, there is no way I am going to buy the 95K boat. Saving 5K is not much of an incentive at this price point.

I went from a 2015 G23 to a 2016 G23 and lost a lot more than 5 grand. And I did get a better deal than most on both boats when new. That included running the sale through my dealer so I did not have to pay sales tax on the selling price of the old boat. There are other factors in every boat sale, but I stick to my philosophy that you lose 10% the day you take it off the lot, and another 10% per season. That's 20% after season 1. Unstuck's running of the numbers seems to support that.

[dakota4ce]

Searching for boats is actually quite enjoyable.
Here's another for about 66k
http://www.kijiji.ca/v-powerboat-mot...ationFlag=true

Quite enjoyable?! I can only think of a couple things MORE enjoyable LOL!

[dakota4ce]

The guys who don't lose a lot the first year are getting a honey deal from their dealer. It just defies the laws of economics. I hear it all the time on these boards and I think some of them are guys who have other motives, like either selling a boat, or padding their ego, or they aren't very good at math.

If I could buy a new boat every year and only lose 5K on the deal, then I would love to do that. And on the buyer side, if I was offered 100K for a boat I liked or 95K for last year's model of the same thing, there is no way I am going to buy the 95K boat. Saving 5K is not much of an incentive at this price point.

I went from a 2015 G23 to a 2016 G23 and lost a lot more than 5 grand. And I did get a better deal than most on both boats when new. That included running the sale through my dealer so I did not have to pay sales tax on the selling price of the old boat. There are other factors in every boat sale, but I stick to my philosophy that you lose 10% the day you take it off the lot, and another 10% per season. That's 20% after season 1. Unstuck's running of the numbers seems to support that.

I threw 20% out there as a random WAG. But your breakdown seems to roughly support that.

Boats are TOYS. You never win with toys. Right up front, if you're in the game of new wakeboats, then you by default have said "F" it, I don't care if I am taking a bath. And that's OK, right? It never "makes sense" financially to buy new anything. Homes, boats, cars, whatever. If you want new, there is a distinct penalty -normally- for deciding to do this. Exceptions do occur, when the market is on a rocketship upward. However, that is not normal. Ask homeowners in Vegas and Phoenix... Boats are hot right now, so people may be doing ok on their upgrades, but it still does not make sense in a purely financial analysis.

It only makes sense if you, as elevated pointed out, need to have a boat that someone else has never been in. OR, which may affect me next fall actually, if something comes out that has made a leap in capability. I am waiting to see what the 2018 MB lineup looks like for this reason. In BOTH of these cases, you are divorcing from good financial sense and just doing it for the heck of it. I already know that going in.

I bought a new Jeep Grand Cherokee once on a "killer deal" in 2003. Really looked good, right? Well, it was a mistake from a financial perspective, and the lesson stuck.

And finally, another important thing to recognize is that if you never plan to own the boat, and simply are looking for financing terms, then by all means, trade your face off! Sellers love that--you essentially are in a perpetual boat lease, and can always have the latest and greatest. Make no mistake though, it is not a good deal. But you really may never come to the point where the bad deal is realized, right?

[dakota4ce]

Dakota, I like that B52 you posted up. I heard that that motor is weaker than the new 400. I am also told that the 400 is too weak for a b52 with 5000 pounds of ballast at my elevation.

Its the same motor basically that I have in my F24 running 5200 soon to be 5500+ at 1400'. I don't know how that translates--it has everything to do with bow weight and props to make it do-able.

I am not sure how the specs between Raptor 400 and Indmar 410/PCM 409 compare. I would think they are pretty similar....maybe not.