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Re: Is the Bass Boat Market Finally Slowing Down? [Re: Tx Tree Grower] #14893476 11/10/23 12:12 AM
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tmd11111 Online Content
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Seems a lot on here have short term memories or haven’t been around boats very long. What some think is high rates is actually close to normal if you look back on rates for the past 20 or so years. As for prices their not too far off either. It’s all the accessories that we didn’t have back then pushing the prices up. 4 12” graphs networked, livescope, power poles, hydraulic jack plate, spot lock trolling motors, the list goes on. Go back to the recession in ‘09, at least a half dozen bass boat manufacturers went under which is a drop in the bucket compared to the rest of the boat manufacturers that went under as well. But guess what, the economy recovered and new manufacturers popped up. You only live once, buy the boat.

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Re: Is the Bass Boat Market Finally Slowing Down? [Re: Tx Tree Grower] #14893521 11/10/23 12:58 AM
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T Bird Offline
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Cash is King right now. Everything's negotiable. thumb


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Re: Is the Bass Boat Market Finally Slowing Down? [Re: Tx Tree Grower] #14893535 11/10/23 01:12 AM
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Neal G Offline
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Not seeing dealers dropping prices on new order boats.

Re: Is the Bass Boat Market Finally Slowing Down? [Re: T Bird] #14893571 11/10/23 01:47 AM
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Originally Posted by T Bird
Cash is King right now. Everything's negotiable. thumb

No difference between 50K cash or 50 K loan, its still all cash.


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Re: Is the Bass Boat Market Finally Slowing Down? [Re: WAWI] #14893646 11/10/23 03:12 AM
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Originally Posted by WAWI


I wouldn't hold my breath for repos. Everybody has their jobs and there are more to be had. It's just matter of nobody wants to pay the price. Only people who may lose jobs are those that work at boat manufacturers

At this point I believe your right, people have been predicting a big correction or even crash for years and years. The whole thing is propped up by algorithms, short of another pandemic or world war the economy will stay stagnant or even rise.

Re: Is the Bass Boat Market Finally Slowing Down? [Re: WAWI] #14893754 11/10/23 12:26 PM
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hopalong Offline
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Originally Posted by WAWI
Originally Posted by hopalong
Originally Posted by Happykamper
The interest rate is about where it used to be for recreational vehicles, the problem is how expensive boats are and this economy, I think many folks got in over their heads during the covid bs, if they have to get out from under big boat loans it will likely be ugly. I think the boat manufacturers are going to take a big hit along with engine and electronic manufacturers.


this^ ^ ^ ^ ^ ^ ^ ^ ^ ^



everyone had a lot of free time to fish and recreate so they spent money on stuff to play with. in this economy they now can't afford to take the time to play much any more and those loans on toys are gonna be the first they get rid of. if you are not in a hurry I would wait till july/aug. and see if the repos have started coming up.
talk to your buddy the banker and ask for notice if any boats of xyz come up, cash in hand talks with banks, no auction fees.

no way I can even get close to a repo at current prices. just glad mine is all paid for.



I wouldn't hold my breath for repos. Everybody has their jobs and there are more to be had. It's just matter of nobody wants to pay the price. Only people who may lose jobs are those that work at boat manufacturers



may be the repos don't happen in large quantity but I still think folks are just too tapped out financially due to the rise in inflation. kind of like the oil field or construction markets, when things go a little south the hired help starts selling off their toys.


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Re: Is the Bass Boat Market Finally Slowing Down? [Re: WAWI] #14893764 11/10/23 12:34 PM
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Originally Posted by WAWI
Originally Posted by hopalong
Originally Posted by Happykamper
The interest rate is about where it used to be for recreational vehicles, the problem is how expensive boats are and this economy, I think many folks got in over their heads during the covid bs, if they have to get out from under big boat loans it will likely be ugly. I think the boat manufacturers are going to take a big hit along with engine and electronic manufacturers.


this^ ^ ^ ^ ^ ^ ^ ^ ^ ^



everyone had a lot of free time to fish and recreate so they spent money on stuff to play with. in this economy they now can't afford to take the time to play much any more and those loans on toys are gonna be the first they get rid of. if you are not in a hurry I would wait till july/aug. and see if the repos have started coming up.
talk to your buddy the banker and ask for notice if any boats of xyz come up, cash in hand talks with banks, no auction fees.

no way I can even get close to a repo at current prices. just glad mine is all paid for.



I wouldn't hold my breath for repos. Everybody has their jobs and there are more to be had. It's just matter of nobody wants to pay the price. Only people who may lose jobs are those that work at boat manufacturers



This.


People keep saying there are more used boats on the market and some of that is due to time of year. Lots of regional/national pros are getting their new rides for the year and the other thing is finally manufacturers are caught up. The wait for a new boat to be built is shorter and there are more new finished boats available. People are getting rid of their old boats and buying new.

Re: Is the Bass Boat Market Finally Slowing Down? [Re: Tx Tree Grower] #14893775 11/10/23 12:50 PM
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Some great deals out there on new boats. Only reason I decided to pull the trigger and jump back in. Finally saw a deal on a brand new boat with 4 graphs and rigged exactly how I wanted it. 2 years ago during covid it would have probably been another 15K apples to apples.

Re: Is the Bass Boat Market Finally Slowing Down? [Re: Tx Tree Grower] #14893778 11/10/23 12:54 PM
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It's going to be an interesting future for the bass boat market. Interest rates, extreme over pricing, the market loaded with recently purchased over priced boats that no one can bail out of because they financed it.
I've been looking because I am thinking about upgrading and most of the dealer websites look like gridlock on 635 in DFW. I'll wait and see. Figure one bought now; even marked down considerably, will still be overpriced, maybe by a lot.


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Re: Is the Bass Boat Market Finally Slowing Down? [Re: ogles824 (aka Lakewaydr50)] #14893781 11/10/23 12:58 PM
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Originally Posted by ogles824 (aka Lakewaydr50)
It's going to be an interesting future for the bass boat market. Interest rates, extreme over pricing, the market loaded with recently purchased over priced boats that no one can bail out of because they financed it.
I've been looking because I am thinking about upgrading and most of the dealer websites look like gridlock on 635 in DFW. I'll wait and see. Figure one bought now; even marked down considerably, will still be overpriced, maybe by a lot.



I think it depends on how hard ya shop.

Re: Is the Bass Boat Market Finally Slowing Down? [Re: Tx Tree Grower] #14893788 11/10/23 01:10 PM
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Re: Is the Bass Boat Market Finally Slowing Down? [Re: Barrett] #14893850 11/10/23 01:55 PM
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Originally Posted by Barrett
Originally Posted by ogles824 (aka Lakewaydr50)
It's going to be an interesting future for the bass boat market. Interest rates, extreme over pricing, the market loaded with recently purchased over priced boats that no one can bail out of because they financed it.
I've been looking because I am thinking about upgrading and most of the dealer websites look like gridlock on 635 in DFW. I'll wait and see. Figure one bought now; even marked down considerably, will still be overpriced, maybe by a lot.



I think it depends on how hard ya shop.

As it stands right now if I jumped on something, I'd just buy one of those boat in a box deals; two sonars, ffs, and a TM, and just keep rolling with the one I currently own. I figure there will be some sort of crash if this keeps up and I can go from a 19 footer to a 21 footer and have more room for my high school team to fish together and wind up costing less per month than my ZX200. Interest rates may start creeping down to, if dealers are feeling the pain lending institutions are feeling the pain too.


2012 ZX200 Skeeter
2012 Yamaha 200 SHO

Isaiah 40:31 "but those who hope in the Lord will renew their strength. They will soar on wings like eagles, they will run and not grow weary, they will walk and not be faint.
Proud student of the Pro Staffer.
https://www.youtube.com/watch?v=TzwF72B2F2w&t=14s
Re: Is the Bass Boat Market Finally Slowing Down? [Re: Mark Perry] #14893852 11/10/23 01:57 PM
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Five stacks ain’t enough. Need to be around $20k off. Haha.


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Re: Is the Bass Boat Market Finally Slowing Down? [Re: SteezMacQueen] #14893859 11/10/23 02:00 PM
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Originally Posted by SteezMacQueen

Five stacks ain’t enough. Need to be around $20k off. Haha.



I think Fun N Sun is also offering to double that discount if someone is buying from them.

Re: Is the Bass Boat Market Finally Slowing Down? [Re: Happykamper] #14893882 11/10/23 02:19 PM
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Tx Tree Grower Offline OP
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Originally Posted by Happykamper
Originally Posted by T Bird
Cash is King right now. Everything's negotiable. thumb

No difference between 50K cash or 50 K loan, its still all cash.


You are doing it all wrong.

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