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Re: Johnny Morris buys Legend? [Re: Jarrett Latta] #12383670 08/12/17 10:51 PM
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Paul Jeffcoat Offline
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Legend Boats is alive and well. This is a great opportunity for JM and White Water Marine to acquire a Premium Brand boat company. His goal is to make money, and make money he will through the planned marketing strategy being set up for Legend boats, growing the dealerships and continued support by anglers. I will be ordering my new V20 or V21 next month.

Moritz Chevrolet - 9101 Camp Bowie W Blvd, Fort Worth, TX - Monte Coon (817) 696-2003
Re: Johnny Morris buys Legend? [Re: west tex angler] #12383708 08/12/17 11:25 PM
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Lazy Ike Offline
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Originally Posted By: west tex angler
Hate to see this.
Pretty soon, it just might be Skeeter Vs JMC boats.
Wished Charger would get a large foothold down here. Good looking boat
Ever hear of B A S S C A T my 2 cents

Re: Johnny Morris buys Legend? [Re: Jarrett Latta] #12383791 08/13/17 12:41 AM
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Re: Johnny Morris buys Legend? [Re: TrailHand] #12384011 08/13/17 04:06 AM
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rxkid2001 Offline
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Originally Posted By: TrailHand
Originally Posted By: Gangster


Or finance for decades.......


That's right. If you have to buy a boat on payments You can't afford it. You don't own a boat, you own a payment booklet. That boat can be taken away from you at any time. You can't even sell the new ones and make your money back anymore.

I always figured if i could make the payments, I could save the money up. I just have to wait a year or two to drive it instead of getting it McDonalds style.

Respectfully disagree, did you take out a loan on your house? Your vehicle?

Re: Johnny Morris buys Legend? [Re: TrailHand] #12384024 08/13/17 04:20 AM
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Bobby Milam Offline
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Originally Posted By: TrailHand
Originally Posted By: Gangster


Or finance for decades.......


That's right. If you have to buy a boat on payments You can't afford it. You don't own a boat, you own a payment booklet. That boat can be taken away from you at any time. You can't even sell the new ones and make your money back anymore.

I always figured if i could make the payments, I could save the money up. I just have to wait a year or two to drive it instead of getting it McDonalds style.


If I had an extra 20-50k sitting around I sure wouldn't pay cash for a boat when I could finance at a lower interest rate and invest the cash to earn higher interest and not have to wait to enjoy the boat. Financing is how the world works nowadays and I don't mind paying a little interest for something that I enjoy.

Re: Johnny Morris buys Legend? [Re: buda13] #12384247 08/13/17 02:52 PM
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Kay Dyson Offline
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Originally Posted By: buda13
Originally Posted By: SkeeterDon
buys the competition, then he can set the price.


Cant imagine it being much worse than this....





Well,
I happen to have an 04 Skeeter ZX225 in great shape I'll let go of for half that price..... eeks bolt

Re: Johnny Morris buys Legend? [Re: Jarrett Latta] #12384269 08/13/17 03:14 PM
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ssmith Online Content
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I would bet white river bought the facility an production people if he wanted the 2% or less 200 boats a year they built with a lot of them as team boats there are not much profit in there are other ways to get that done.

Re: Johnny Morris buys Legend? [Re: rxkid2001] #12384271 08/13/17 03:17 PM
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Originally Posted By: rxkid2001
Originally Posted By: TrailHand

That's right. If you have to buy a boat on payments You can't afford it. You don't own a boat, you own a payment booklet. That boat can be taken away from you at any time. You can't even sell the new ones and make your money back anymore.

I always figured if i could make the payments, I could save the money up. I just have to wait a year or two to drive it instead of getting it McDonalds style.

Respectfully disagree, did you take out a loan on your house? Your vehicle?


A house appreciates in value good loan, a vehicle is a necessity.
A boat is a luxury that loses 25% of it value the day you pull it off the lot.
A 72 month to 120 month loan on a boat or a car is an absolute lose an thousands of dollars.
If one wants to just keep their head above water and never get ahead then finance away.

I don't think that JM will kill Legend boats. At least for a while.

Re: Johnny Morris buys Legend? [Re: Jarrett Latta] #12384338 08/13/17 04:19 PM
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Fishspanker Offline
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If you have the cash great. If you can save it very quickly, good as well. Two things. Escalation of boat prices and the dollar gets worth less each year. If you can get a great interest rate then its not as bad to finance as some would make it out to be.

Plus you don't live forever and can't take it with you.

Last edited by Fishspanker; 08/13/17 04:21 PM.

The Sheep who only fears the Wolf is eaten by the Shepherd.
Re: Johnny Morris buys Legend? [Re: Fishspanker] #12384447 08/13/17 06:06 PM
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Douglas J Offline
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Originally Posted By: Fishspanker
If you have the cash great. If you can save it very quickly, good as well. Two things. Escalation of boat prices and the dollar gets worth less each year. If you can get a great interest rate then its not as bad to finance as some would make it out to be.

Plus you don't live forever and can't take it with you.



very true

I know a guy who is mid 50's. always wanted a classic pickup truck. Talked about it for 10+ years and he could have easily afforded to finance the back half of the $60k cost.

Well, he waited and waited (saved and saved) and ended up getting it 2 years ago, 3 months later got diagnosed with cancer and got very sick. He got to enjoy it for about 6 months, now he is basically bed ridden. He told me that he wished he would have bought one a few years ago so he would have been able to enjoy it.

Moral of the story, do what makes you happy and you can afford. You do not have to have the approval of the TFF to live your life...


#MFGA
Re: Johnny Morris buys Legend? [Re: Douglas J] #12384494 08/13/17 06:45 PM
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Wisdom^^^

Re: Johnny Morris buys Legend? [Re: Jarrett Latta] #12385063 08/14/17 03:09 AM
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Bass_Taco Offline
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used Legends boats always take a minimum of about 1 to 1.5 yrs to sell. Now it will take over 2 years.

Re: Johnny Morris buys Legend? [Re: Bass_Taco] #12385278 08/14/17 01:01 PM
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Originally Posted By: Bass_Taco
used Legends boats always take a minimum of about 1 to 1.5 yrs to sell. Now it will take over 2 years.
The chance you take when you buy a pop up brand. If the Day come I cant get a Ranger I will buy a Sketter. I feel for my friends that own them and wish them good luck

Re: Johnny Morris buys Legend? [Re: Jarrett Latta] #12385321 08/14/17 01:39 PM
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The market looks ripe for a low cost boat manufacturer to enter into the fray. Some of you cats on here with deep pockets should think about starting a boat company!


"Bragging may not bring happiness, but no man having caught a large fish goes home through an alley." -A.L.

www.LunkerLore.com

Re: Johnny Morris buys Legend? [Re: Bass_Taco] #12385323 08/14/17 01:39 PM
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Chris G Offline
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Originally Posted By: 9094


A house appreciates in value good loan, a vehicle is a necessity.
A boat is a luxury that loses 25% of it value the day you pull it off the lot.
A 72 month to 120 month loan on a boat or a car is an absolute lose an thousands of dollars.
If one wants to just keep their head above water and never get ahead then finance away.

I don't think that JM will kill Legend boats. At least for a while.


Originally Posted By: Bass_Taco
used Legends boats always take a minimum of about 1 to 1.5 yrs to sell. Now it will take over 2 years.


I just love how ignorant the TFF can be at times. Both of these comments prove it.

I have worked my arse off and have been pretty blessed in life over the last 20 years which has afforded me the ability to do pretty much whatever I want. When I bought my first Legend in 2012, it was an 11 month old Alpha 199 that I paid $41,000 and yes I financed it for 5 years. I paid extra on every month's payment then decided it was finally time to upgrade to the V20 this past March. After my V20 was rigged up and I picked it up, Billy Sartin listed my 199. It sold in 10 days for $38,000. So I had the boat for 4+ years and used it on 75% of the weekends and sold it for $3K less than what I bought it for. Yes, I added a power pole and new 9" graphs but you can see the Legends hold their value.

Right now the biggest issue Legend has is being able to keep up with their backlog of boats being ordered.

I also think some more info on the sale will come out over time and people will realize it's not exactly what it appears to be.


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