Forums59
Topics1,050,549
Posts14,160,007
Members144,447
|
Most Online39,925 Dec 30th, 2023
|
|
Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Tx Tree Grower]
#14893476
11/10/23 12:12 AM
|
Joined: Apr 2017
Posts: 13,770
tmd11111
TFF Guru
|
TFF Guru
Joined: Apr 2017
Posts: 13,770 |
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.
|
|
Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Tx Tree Grower]
#14893521
11/10/23 12:58 AM
|
Joined: Mar 2010
Posts: 27,659
T Bird
TFF Guru
|
TFF Guru
Joined: Mar 2010
Posts: 27,659 |
Cash is King right now. Everything's negotiable.
Okie by birth, Texan by choice. USAF "Thunderbirds" Alumni 1985-1989
|
|
Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Tx Tree Grower]
#14893535
11/10/23 01:12 AM
|
Joined: Nov 2009
Posts: 1,011
Neal G
Extreme Angler
|
Extreme Angler
Joined: Nov 2009
Posts: 1,011 |
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
|
Joined: Jan 2007
Posts: 15,102
Happykamper
TFF Guru
|
TFF Guru
Joined: Jan 2007
Posts: 15,102 |
Cash is King right now. Everything's negotiable. No difference between 50K cash or 50 K loan, its still all cash.
|
|
Re: Is the Bass Boat Market Finally Slowing Down?
[Re: WAWI]
#14893646
11/10/23 03:12 AM
|
Joined: Jun 2017
Posts: 2,684
Lone_Wolf
Extreme Angler
|
Extreme Angler
Joined: Jun 2017
Posts: 2,684 |
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
|
Joined: Sep 2008
Posts: 121,182
hopalong
Pescador Loco
|
Pescador Loco
Joined: Sep 2008
Posts: 121,182 |
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.
" Hop, set the hook"! hopalong 99,999 TexDawg 99,999 FJB! not my president by a long shot!
lake fork FISHERMANS COVE MARINA/reservations - 903 474 7479
|
|
Re: Is the Bass Boat Market Finally Slowing Down?
[Re: WAWI]
#14893764
11/10/23 12:34 PM
|
Joined: Jan 2004
Posts: 73,756
Mark Perry
Super Freak
|
Super Freak
Joined: Jan 2004
Posts: 73,756 |
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
|
Joined: May 2009
Posts: 8,865
Barrett
TFF Celebrity
|
TFF Celebrity
Joined: May 2009
Posts: 8,865 |
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
|
Joined: Dec 2005
Posts: 4,342
ogles824 (aka Lakewaydr50)
TFF Team Angler
|
TFF Team Angler
Joined: Dec 2005
Posts: 4,342 |
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.
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: ogles824 (aka Lakewaydr50)]
#14893781
11/10/23 12:58 PM
|
Joined: May 2009
Posts: 8,865
Barrett
TFF Celebrity
|
TFF Celebrity
Joined: May 2009
Posts: 8,865 |
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
|
Joined: Jan 2004
Posts: 73,756
Mark Perry
Super Freak
|
Super Freak
Joined: Jan 2004
Posts: 73,756 |
|
|
Re: Is the Bass Boat Market Finally Slowing Down?
[Re: Barrett]
#14893850
11/10/23 01:55 PM
|
Joined: Dec 2005
Posts: 4,342
ogles824 (aka Lakewaydr50)
TFF Team Angler
|
TFF Team Angler
Joined: Dec 2005
Posts: 4,342 |
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
|
Joined: Nov 2014
Posts: 25,760
SteezMacQueen
TFF Guru
|
TFF Guru
Joined: Nov 2014
Posts: 25,760 |
Five stacks ain’t enough. Need to be around $20k off. Haha.
Eat. Sleep. Fish.
|
|
Re: Is the Bass Boat Market Finally Slowing Down?
[Re: SteezMacQueen]
#14893859
11/10/23 02:00 PM
|
Joined: Jan 2004
Posts: 73,756
Mark Perry
Super Freak
|
Super Freak
Joined: Jan 2004
Posts: 73,756 |
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
|
Joined: Sep 2008
Posts: 1,876
Tx Tree Grower
OP
Extreme Angler
|
OP
Extreme Angler
Joined: Sep 2008
Posts: 1,876 |
Cash is King right now. Everything's negotiable. No difference between 50K cash or 50 K loan, its still all cash. You are doing it all wrong.
|
|
Moderated by banker-always fishing, chickenman, Derek 🐝, Duck_Hunter, Fish Killer, J-2, Jacob, Jons3825, JustWingem, Nocona Brian, Toon-Troller, Uncle Zeek, Weekender1
|