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Re: Johnny Morris buys Legend?
[Re: Jarrett Latta]
#12383670
08/12/17 10:51 PM
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Joined: Aug 2003
Posts: 1,702
Paul Jeffcoat
Extreme Angler
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Extreme Angler
Joined: Aug 2003
Posts: 1,702 |
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.
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Re: Johnny Morris buys Legend?
[Re: west tex angler]
#12383708
08/12/17 11:25 PM
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Joined: Mar 2016
Posts: 1,697
Lazy Ike
Extreme Angler
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Extreme Angler
Joined: Mar 2016
Posts: 1,697 |
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
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Re: Johnny Morris buys Legend?
[Re: Jarrett Latta]
#12383791
08/13/17 12:41 AM
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Joined: Mar 2005
Posts: 7,000
SC-001
TFF Celebrity
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TFF Celebrity
Joined: Mar 2005
Posts: 7,000 |
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Re: Johnny Morris buys Legend?
[Re: TrailHand]
#12384011
08/13/17 04:06 AM
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Joined: Jan 2011
Posts: 4,194
rxkid2001
TFF Team Angler
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TFF Team Angler
Joined: Jan 2011
Posts: 4,194 |
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?
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Re: Johnny Morris buys Legend?
[Re: TrailHand]
#12384024
08/13/17 04:20 AM
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Joined: Jul 2014
Posts: 4,340
Bobby Milam
TFF Team Angler
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TFF Team Angler
Joined: Jul 2014
Posts: 4,340 |
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.
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Re: Johnny Morris buys Legend?
[Re: buda13]
#12384247
08/13/17 02:52 PM
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Joined: Apr 2005
Posts: 16,200
Kay Dyson
HOT Mess!!!
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HOT Mess!!!
Joined: Apr 2005
Posts: 16,200 |
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.....
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Re: Johnny Morris buys Legend?
[Re: Jarrett Latta]
#12384269
08/13/17 03:14 PM
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Joined: Nov 2007
Posts: 5,497
ssmith
TFF Celebrity
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TFF Celebrity
Joined: Nov 2007
Posts: 5,497 |
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.
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Re: Johnny Morris buys Legend?
[Re: rxkid2001]
#12384271
08/13/17 03:17 PM
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Joined: Aug 2009
Posts: 11,106
9094
TFF Guru
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TFF Guru
Joined: Aug 2009
Posts: 11,106 |
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.
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Re: Johnny Morris buys Legend?
[Re: Jarrett Latta]
#12384338
08/13/17 04:19 PM
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Joined: Jan 2008
Posts: 13,512
Fishspanker
TFF Guru
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TFF Guru
Joined: Jan 2008
Posts: 13,512 |
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.
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Re: Johnny Morris buys Legend?
[Re: Fishspanker]
#12384447
08/13/17 06:06 PM
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Joined: Jun 2012
Posts: 20,492
Douglas J
TFF Guru
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TFF Guru
Joined: Jun 2012
Posts: 20,492 |
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
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Re: Johnny Morris buys Legend?
[Re: Douglas J]
#12384494
08/13/17 06:45 PM
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Joined: Aug 2009
Posts: 19,200
ToadSnatcher14
Team Slot Fish
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Team Slot Fish
Joined: Aug 2009
Posts: 19,200 |
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Re: Johnny Morris buys Legend?
[Re: Jarrett Latta]
#12385063
08/14/17 03:09 AM
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Joined: Mar 2011
Posts: 124
Bass_Taco
Outdoorsman
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Outdoorsman
Joined: Mar 2011
Posts: 124 |
used Legends boats always take a minimum of about 1 to 1.5 yrs to sell. Now it will take over 2 years.
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Re: Johnny Morris buys Legend?
[Re: Bass_Taco]
#12385278
08/14/17 01:01 PM
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Joined: May 2009
Posts: 4,170
snickers
TFF Team Angler
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TFF Team Angler
Joined: May 2009
Posts: 4,170 |
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
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Re: Johnny Morris buys Legend?
[Re: Jarrett Latta]
#12385321
08/14/17 01:39 PM
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Joined: Apr 2014
Posts: 8,347
Jpurdue
TFF Celebrity
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TFF Celebrity
Joined: Apr 2014
Posts: 8,347 |
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
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Re: Johnny Morris buys Legend?
[Re: Bass_Taco]
#12385323
08/14/17 01:39 PM
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Joined: Nov 2008
Posts: 2,981
Chris G
Extreme Angler
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Extreme Angler
Joined: Nov 2008
Posts: 2,981 |
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.
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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