Thinking of buying new.. am I insane?

Thinking of buying new.. am I insane?

Post by jmacd.. » Wed, 11 May 2005 06:15:34


Ok so I have a 1997 maxum 20foot ski boat and I am looking to upgrade.
I have moorage on lake washington ( near seattle ) and so most of my
time is spent on the lake. I was thinking of buying a cruiser but I
have realised a new ski boat is the way for me.

So I went down to the dealship and fell in love with the bayliner 225.
This was a new model in 2004 and is AWESOME. It's got this fantasic L
shaped seating system, and comes with a 260hp fuel injected beast of a
engine. 22feet long and a uber wide beam of 9 feet makes it really
roomy.

but I found a problem, there arent any used available :( So now I am
stuck in this mode of actually considering buying new! This seems
insane to me since I would take such a depreciation hit.. but it's a
boat.. we dont buy these things to make money :)

So tell me if I am nuts or since I found the right boat I should just
go for it. To put it into perspective my signifigant other who is 100%
opposed to upgradeing the boat things the bayliner 225 is fantastic!

A little background thread:
http://groups-beta.google.com/group/rec.boats/browse_thread/thread/e1...

Let me know what you think!

 
 
 

Thinking of buying new.. am I insane?

Post by gould0.. » Wed, 11 May 2005 09:33:23

What's your ownership style?

If you are a frequent trader who will be looking for another boat
within a couple of years, you will indeed
take a good whack from depreciation when you trade up. Maybe 20-30%,
and could be more. That makes a new boat very expensive on an "avg cost
per month of ownership basis".

However, if you plan to hang onto the boat for many years depreciation
needn't be such a critical concern.
Starting with a new boat allows you to avoid wondering what dirty
little secrets the previous owner
glossed over or concealed, and you will know from day one exactly what
type of maintenance the boat receives. Once you iron out the few almost
inevitable
new boat warranty bugs, you can expect perhaps a few years or so of a
blissful time where almost everything is almost always working. That's
about as good as it gets in the real world for most boats.

Owning a boat makes no economic sense whatsoever, whether it is new or
used, unless you somehow use to to earn a living.

If this Bayliner 225 is really the boat of your dreams and there is
nothing similar available used, I'd personally advise against buying a
used boat that you don't like nearly as well simply because it is
already partially worn-out (and depreciated).

Then there's the SO factor. The "Significant Other". Very important.
When we bought our present boat in the early 90's, we made the choice
we did because it was among the top 3 prospects on my list (1st, 2nd,
and 3rd place seemed to vary depending on daily mood and it was a close
contest), but it was clearly NUMERO UNO  with the wife. Happy wife
makes a happy boat. After all these years I'm still very pleased with
our boat and have saved more than we paid for it by not repurchasing
another boat every 2-3 years like so many people seem to do. Turns out
my wife was pretty smart about picking boats- (too bad about her luck
with husbands!)

It may make less economic sense to buy new than used, but in a
transaction where "economic sense" is never a factor under any
circumstance, who cares?

 
 
 

Thinking of buying new.. am I insane?

Post by tony thoma » Wed, 11 May 2005 10:04:31

Go for it.  Having a boat you really like and know there are no issues w/
wiring, engine, trim, etc... makes for some great boating pleasure.  Money
spent on the new boat overcomes maintenance, rework, hassel.

--
Tony
my boats and cars at http://t.thomas.home.mchsi.com

-

Quote:
> Ok so I have a 1997 maxum 20foot ski boat and I am looking to upgrade.
> I have moorage on lake washington ( near seattle ) and so most of my
> time is spent on the lake. I was thinking of buying a cruiser but I
> have realised a new ski boat is the way for me.

> So I went down to the dealship and fell in love with the bayliner 225.
> This was a new model in 2004 and is AWESOME. It's got this fantasic L
> shaped seating system, and comes with a 260hp fuel injected beast of a
> engine. 22feet long and a uber wide beam of 9 feet makes it really
> roomy.

> but I found a problem, there arent any used available :( So now I am
> stuck in this mode of actually considering buying new! This seems
> insane to me since I would take such a depreciation hit.. but it's a
> boat.. we dont buy these things to make money :)

> So tell me if I am nuts or since I found the right boat I should just
> go for it. To put it into perspective my signifigant other who is 100%
> opposed to upgradeing the boat things the bayliner 225 is fantastic!

> A little background thread:
> http://groups-beta.google.com/group/rec.boats/browse_thread/thread/e1...

> Let me know what you think!


 
 
 

Thinking of buying new.. am I insane?

Post by jmacd.. » Wed, 11 May 2005 12:04:24

ya keeping the woman happy would really help here...man it was a
awesome boat.. I can see myself cruising around right now :)

ok thanks for the input guys, I will let you know in a few days what I
decide to do. First I need to sell my current boat.

Quote:

> Go for it.  Having a boat you really like and know there are no
issues w/
> wiring, engine, trim, etc... makes for some great boating pleasure.
Money
> spent on the new boat overcomes maintenance, rework, hassel.

> --
> Tony
> my boats and cars at http://t.thomas.home.mchsi.com

> -


> > Ok so I have a 1997 maxum 20foot ski boat and I am looking to
upgrade.
> > I have moorage on lake washington ( near seattle ) and so most of
my
> > time is spent on the lake. I was thinking of buying a cruiser but I
> > have realised a new ski boat is the way for me.

> > So I went down to the dealship and fell in love with the bayliner
225.
> > This was a new model in 2004 and is AWESOME. It's got this fantasic
L
> > shaped seating system, and comes with a 260hp fuel injected beast
of a
> > engine. 22feet long and a uber wide beam of 9 feet makes it really
> > roomy.

> > but I found a problem, there arent any used available :( So now I
am
> > stuck in this mode of actually considering buying new! This seems
> > insane to me since I would take such a depreciation hit.. but it's
a
> > boat.. we dont buy these things to make money :)

> > So tell me if I am nuts or since I found the right boat I should
just
> > go for it. To put it into perspective my signifigant other who is
100%
> > opposed to upgradeing the boat things the bayliner 225 is
fantastic!

> > A little background thread:

http://groups-beta.google.com/group/rec.boats/browse_thread/thread/e1...

- Show quoted text -

Quote:

> > Let me know what you think!

 
 
 

Thinking of buying new.. am I insane?

Post by Shortwave Sportfishin » Wed, 11 May 2005 19:53:43


~~ snippage ~~

Quote:
> First I need to sell my current boat

Which might be a whole 'nother adventure in and of itself.

Here's my opinion - buy what you can afford.  Make the decision based
on disposable income.  New or Used, that's the bottom line.  A boat,
new or used, is going to do nothing but cost you money.

Later,

Tom

 
 
 

Thinking of buying new.. am I insane?

Post by Peter Aitke » Wed, 11 May 2005 20:44:50


Quote:
> Go for it.  Having a boat you really like and know there are no issues w/
> wiring, engine, trim, etc... makes for some great boating pleasure.  Money
> spent on the new boat overcomes maintenance, rework, hassel.

> --
> Tony
> my boats and cars at http://t.thomas.home.mchsi.com

> -

I'm in the same situation and am thinking the same thing. Particularly since
the boat I have my eye on is in demand used and has a high resale value
(Grady White Sailfish). I am sure a used boat can be a great deal in some
cases but the joy of something brand new that you have babied from day 1 is
very appealing.

--
Peter Aitken

 
 
 

Thinking of buying new.. am I insane?

Post by jmacd.. » Thu, 12 May 2005 04:07:42

Well I made a offer and the dealer wouldnt take it.. it's depressing.
The boat was listed for 27K and I offered 25K and they said no. so I
guess I will just wait and try to find a used one somewhere.. wish me
luck!
 
 
 

Thinking of buying new.. am I insane?

Post by Capt. John Smit » Thu, 12 May 2005 04:09:48

You might hear from the dealer in a day or two if the dealer does not get
any other offers.


Quote:
> Well I made a offer and the dealer wouldnt take it.. it's depressing.
> The boat was listed for 27K and I offered 25K and they said no. so I
> guess I will just wait and try to find a used one somewhere.. wish me
> luck!

 
 
 

Thinking of buying new.. am I insane?

Post by jmacd.. » Thu, 12 May 2005 04:14:27

I can only hope! they said it was a low price already and they couldnt
go any lower.. I call bs.
 
 
 

Thinking of buying new.. am I insane?

Post by John » Thu, 12 May 2005 05:04:44

On Tue, 10 May 2005 19:13:29 GMT, Gene Kearns

Quote:

>On Tue, 10 May 2005 11:44:50 GMT, "Peter Aitken"

>>I'm in the same situation and am thinking the same thing. Particularly since
>>the boat I have my eye on is in demand used and has a high resale value
>>(Grady White Sailfish). I am sure a used boat can be a great deal in some
>>cases but the joy of something brand new that you have babied from day 1 is
>>very appealing.

>Nah....  what you need is an Express 360....

Gene, on your site you have a link to grady-white. That link took me to some
page that seems to sell everything but boats. Try changing it to
http://www.gradywhite.com/

--
John H

"All decisions are the result of binary thinking."

 
 
 

Thinking of buying new.. am I insane?

Post by John » Thu, 12 May 2005 05:06:25

On Tue, 10 May 2005 19:13:29 GMT, Gene Kearns

Quote:

>On Tue, 10 May 2005 11:44:50 GMT, "Peter Aitken"

>>I'm in the same situation and am thinking the same thing. Particularly since
>>the boat I have my eye on is in demand used and has a high resale value
>>(Grady White Sailfish). I am sure a used boat can be a great deal in some
>>cases but the joy of something brand new that you have babied from day 1 is
>>very appealing.

>Nah....  what you need is an Express 360....

ps. If someone gave me a Grady 228, I'd take it!
--
John H

"All decisions are the result of binary thinking."

 
 
 

Thinking of buying new.. am I insane?

Post by JimH » Thu, 12 May 2005 05:23:05


Quote:

>>I can only hope! they said it was a low price already and they couldnt
>>go any lower.. I call bs.

> This is not the time of year to get a deal on a boat. In November,
> they'll be a lot more "reasonable."

> --

I would agree Gene.  Asking for a 7 1/2% discount when boating season is
just kicking off is a bit much, especially if the boat is already
discounted.
 
 
 

Thinking of buying new.. am I insane?

Post by gould0.. » Thu, 12 May 2005 05:56:59

Well I made a offer and the dealer wouldnt take it.. it's depressing.
The boat was listed for 27K and I offered 25K and they said no. so I
guess I will just wait and try to find a used one somewhere.. wish me
luck!

***********

In any negotiation, the party who prevails will be the one who has the
least emotional need.
Let 'em stew a day or so and take another run at it. You might need to
go to $25,100 to allow some face saving by the seller. If they are
absolutely certain you're not going any higher, they will either sell
you the boat at your price because they can- or turn your business away
because the boat is in short supply and they're willing to gamble that
the next buyer will pay a bit more. (If they're going to turn somebody
away, better its the guy willing to pay $25k than the guy willing to
pay $26.5). There may not be a lot of ham on the bone at $27k on that
boat if it's a price leader and already discounted, but you'd have to
think they'd wash out OK at $25k, if motivated.

Key: pretend to lose interest, and they will become much more willing
to deal.
He who stands around twitching and salivating gets sheared every time.
:-)

 
 
 

Thinking of buying new.. am I insane?

Post by tony thoma » Thu, 12 May 2005 07:49:27

You have to realize that the markup on a boat in this price range is not the
same as a car.  A Chevy at 27k probably has $4000 markup over invoice.  And
there is probably another $2,500 that the dealer gets below invoice.
On a boat - there may only be about $2000 markup to begin with over his cost
after shipping and prep work.
He may sell 100 boats in a year vs the car dealer who is selling 100 cars a
month.  He has to make some profit or close the doors.
If you can get it for $26k then you are probably doing good.  $25k was just
too low.

--
Tony
my boats and cars at http://t.thomas.home.mchsi.com

-

Quote:
> Well I made a offer and the dealer wouldnt take it.. it's depressing.
> The boat was listed for 27K and I offered 25K and they said no. so I
> guess I will just wait and try to find a used one somewhere.. wish me
> luck!

 
 
 

Thinking of buying new.. am I insane?

Post by Shortwave Sportfishin » Thu, 12 May 2005 08:34:33

On Tue, 10 May 2005 19:48:32 GMT, Gene Kearns

Quote:

>On Tue, 10 May 2005 15:27:50 -0400, "Harry.Krause"


>>> On Tue, 10 May 2005 11:44:50 GMT, "Peter Aitken"

>>>>I'm in the same situation and am thinking the same thing. Particularly since
>>>>the boat I have my eye on is in demand used and has a high resale value
>>>>(Grady White Sailfish). I am sure a used boat can be a great deal in some
>>>>cases but the joy of something brand new that you have babied from day 1 is
>>>>very appealing.

>>> Nah....  what you need is an Express 360....

>>Haven't seen the 360, but I did get to climb around a 330 last year at
>>the local dealer's dock. It is a terrific boat, great lines, great
>>utility, super-looking hardware. The 36 has what, triple outboard? You'd
>>have to kiss a lot of Saudi princes to afford the gasoline bill.

>Oddly enough, it still gets about 1 MPG with three Yamaha 250
>4-strokes....  really, though, if I could pop $400K for a boat.... the
>gas probably wouldn't be a problem....

You'd be one hell of a lot better off with E-Tecs.

Later,

Tom