Is this going to hurt resell value at all?

buys the competition, then he can set the price.

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

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

Phoenix is next

Good God. That's just under what I paid for my house...

. I cannot for one minute think that JM would dissolve the Legend Brand with so many loyal customers.

Phoenix is next

NAH 4.1 BILLION

Yea right. Phoenix is actually selling boats!

Rockwall Marine sold a Bass Cat earlier this year for $ 92 and change. There are a group of folks who have $$$$$$, who don't care about price and what's worse have never owned a bass boat. First stop, Lake Fork.

A Bass Cat Jaguar with a Merc 400 and all the options is well over $100k

I agree, I can't see Phoenix selling anytime soon.

No.
Thanks to the 2007-2010 Obama years,

If I were him I would dissolve nitro and keep Legend!

" pro staffers " are sad , people that follow fishing saw the decline of the company about 4 years ago . Who picks up that LegeND warranty?

You do know that Obama did not become president until 2009, right.

Rockwall Marine sold a Bass Cat earlier this year for $ 92 and change. There are a group of folks who have $$$$$$, who don't care about price and what's worse have never owned a bass boat. First stop, Lake Fork.

How did Ranger know...

If I were him I would dissolve nitro and keep Legend!

2nd stop is the prop shop to get the prop and skeg fixed
3rd stop is the fiber glass shop

LOL

The guy is in it to make money. Killing legend would drive people away from all of his brands just like it did to platinum when they killed champion. Anything is possible and it's his business. I don't see it being a smart move to kill the brand. There's only one reason I see and that would be the monopoly deal. If he kills brands it makes his market share smaller percentage wise against the competition. Say there's 10 brands, he owns 4, that's 40 percent. If he kills one, 9 total left and he has 3, he only has 30 percent

Wonder what this will do to the "Legends of Lake Fork" tourney????? That's always been a good one to win in. 4 boats on the line was pretty stout!

Rockwall Marine sold a Bass Cat earlier this year for $ 92 and change. There are a group of folks who have $$$$$$, who don't care about price and what's worse have never owned a bass boat. First stop, Lake Fork.

I'm not normally the type to dig into rumors, but I heard from a guy that works at a Tracker dealership last night. Bass Pro may have backed out of the Cabela's merger. Can't find out anything about it online though.

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

No big deal. Only 360 easy payments of $480 with $350 of that going to interest each month.

Or finance for decades.......

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

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.

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.

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

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

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.

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

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.

You convinced me that it doesn't have to take a minimum of a year to sell a Legend, But I was lost on where you disproved the financing comment. Please clarify.

Your posts made it out like financing anything is horrible. My point is if you do it within your means it's a great tool for life and business. I deal with a ton of very wealthy business owners and just about all of them have lines of credit and finance things.

I could have paid cash for the boat but chose to use those resources other places. I could have also paid cash for the V20 I just bought but again chose to finance over 5 years and pay extra every month. I did take the $20K in equity I had in the old boat and applied it to this one.

I don't mind the financing as much as I do the $95,000 price tag. I just don't see the point. I'll keep fishing out of my Skeeter that is paid for until somebody steals it or it sinks but all those who have the need or want one and can afford it I'll applaud and wink when you go by.

Yea right. Phoenix is actually selling boats!

Yea right. Phoenix is actually selling boats!

Your posts made it out like financing anything is horrible. My point is if you do it within your means it's a great tool for life and business. I deal with a ton of very wealthy business owners and just about all of them have lines of credit and finance things.

I could have paid cash for the boat but chose to use those resources other places. I could have also paid cash for the V20 I just bought but again chose to finance over 5 years and pay extra every month. I did take the $20K in equity I had in the old boat and applied it to this one.

Never ever ever ever ever pay cash for anything that has a diminishing value.Car ,Boat,RV Horse,wife anything that decreases in value.

I hope Legend stays around, i think they are fine boats, I just don't think JM bought them to continue making them, i think he bought them for the facility, what does legend sell a year ? 175-200 boats, seems like they would be a draw against his other lines, who knows, its all about the money.

Probably gonna move Triton production there, kill legend in hopes of being able to fill orders someday. Wasn't there a minor drug test issue in Arkansas faculty?

LOL choose Triton over a Legend.. Not.

Triton sells a whole lot more boats, so JM would naturally shut down Legend to produce more Tritons

I'm lookin for some financial advice.
I want to spend 60k on a boat.
I am retired with a 7 figure tax deferred portfolio, get a small pension, and my wife makes enough to support the household.
If I withdraw from portfolio, I would need 90k because Uncle Sam gets 30 off the top.
If I finance at a low rate over a longer period, my money keeps workin and my tax debt is deferred.
Smart money is where the smart money is.
I think getting a new truck,car,boat,wife every year is not smart.
Paying cash for everything is not smart for people than understand how to manage money.
Rant over

Never buy depreciating assets with borrowed money. There fixed it for you.

Truth of the matter is all things in moderation. It's amazing how quickly folks forget how tough things can get. There were plenty of boats/houses etc... repossessed/foreclosed on in 2008 and more recently in 2015 in Texas. Just because you can afford a 800 dollar a month boat payment now doesn't mean you'll be able to when you get laid off, the economy crashes, or you get in a car wreck and laid up for 6 months.

Instead of borrowing 90K for most of us i'ts probably wiser to save up as much as you can, then buy a nice used boat with a sizable down payment and a small amount of borrowed money. Worst case you can always sell the boat to get out from under the loan, and because you bought used you'll have a lot less upside down losses to swallow.

For the guys with deep pockets though, have at it boys. You earned it!

I'm sure this scenario is the typical case for 99% of the members on this forum...I should specify that my comments are reserved for the very small percentage who may live paycheck to paycheck and are thinking of financing a boat for over 10 years at over 10%.

So you are living paycheck to paycheck. Can't get a loan at better than 10%. Giving financial advice.
My advice for the young, living paycheck to check. Pay yourself first. 10% of your gross. 401k , Ira ,
anything tax deferred. once you are used to that then spend your descretionary money how you want. Never stop paying yourself off the top. When you get older you will have a pile$

Wasn't there a minor drug test issue in Arkansas faculty?

Never ever ever ever ever pay cash for anything that has a diminishing value.Car ,Boat,RV Horse,wife anything that decreases in value.

LOL choose Triton over a Legend.. Not.

There's 2 philosophies out there, live debt free or finance stuff and use the extra money to gain more. In the end neither are really wrong. You pay now or later

I happen to run a Triton for several years, had Rangers before that, I will put my 2017 TRX against any boat made, it will out ride and outrun most all bass boats, not including the speed demons. I could bash a Legend but I will keep it classy.

I don't know what will happen in this case, but I have some guide buddies that were with Skeeter before they came out with the pre-packaged boats and they had to take a big hit because the Skeeters that were packaged were selling new for less than their Team Deal they had + the adds they put on them. I bought a 2013 21I with 17 hours on it for 50k in 2014 and the previous owner left his sales invoice in the document bag and he paid 78k for it. That equates to $1647 an hour he paid to own it for a year.

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.

I've owned three Tritons and now a Legend. All were/are great boats. The Tritons were faster for sure. I found no issue with them. They also had a narrow front deck but that was remedied. Same with my current Legend. I have a 2011 Alpha 211 with a rather narrow front deck now. Legend has remedied that as well. From my perspective it would be hard to bash either one.

If you really look closely at a Legend, it is apparent they take great pains in the fit & finish out of their product. I'm not talking about walking around it at the dealer ship. I'm talking about opening it up and really looking. Things that are not obvious like using closed gel packs for the seat cushions instead of inexpensive foam that retains water and gets you wet.

Finishing out the battery storage compartment like the rest of the boat rather than spraying in the spackle finish like many others to cover imperfections. IMO, things like this cheapen the boat, doesn't make it a bad product but it looks cheap to me.

The analogy I use is spraying the cottage cheese looking stuff on the ceiling at a home rather than finishing it out like a custom home using a trowel and plaster. It is a way to cut a corner and save money. The same goes when you compare hand-scraped wood floors in your home to the engineered wood flooring. I just built a new home so I guess that's why I am coming up with all the home building analogies. (Geez, I did not know how much this little project was gonna cost)

Here are my thoughts. If I go into the bathroom of a restaurant and is filthy, to me it is a pretty good indicator of what the kitchen looks like. If the area I CAN see is dirty, what does the area look like that I CANNOT see. I won't go back to that restaurant.

Just to be clear; I'm not saying having a spackle finish in the bilge area makes your boat inferior. I just look more closely at the deets than most folks.

Having said all that, I spoke to Randy Qualls (previous Legend owner) last week and he assured me that Legend had a bright future and that JM had no intention of killing the line. But then again, that's what they always say when they sell a company. Been there done that too.

Keep your receipt on your Legend Ken, you'll be able to return it at Bass Pro Shops before too long! jk.