Here’s Why Boats Are Getting More EXPENSIVE
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- Опубліковано 22 кві 2024
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When labor and materials have increased by 20 to 50% or more, not to mention engines and new tech, it makes sense. Binden's uncle was eaten by canibals in New Guinea, so we are obviously in good hands.
🤣
I have several customers with 100k+ boats who neglect basic maintenance items. Sometimes I just want to tell people just because you can afford the monthly payments doesn't mean you can afford the boat
That's is so true because there's a lot of maintenance that goes into it and if you don't know how to do it yourself you are going to come out of pocket big time
Lo, I paid cash for mine 5 years ago
I watch those refit shows, sometimes the crew members will comment on them. They comment also to the many owners they went through. Because the crew followed the boat. So you are buying employees too
@@armytruth6860 that’s great then you should be able to afford your maintenance right?
I've got a speed boat and a cuddy cabin. Both 18' from the 80s. Both powered by mercury " blackmax " platform engines. I have 3 spare powerheads 2 spare lower units mid sections and plenty of stator coils switch boxes and wire harnesses to last for the rest of my boating years. Have fun making those payments on a depreciating asset.
I'm keeping my 2002 boat until the 2 smokes are 100% obsolete, then repower, wrap, put a new tank and electronics, and I still have a hull that I love the ride and keep it under 50K, plus I know my boat. Being mechanically inclined and with the help of this channel im saving a ton of money and still have a Great 25' CC
I feel bad for the kids today. They lost the American dream. I make over 200K and can barely afford a new boat.
I agree but part of the reason is nobody wants to work for anything in this time.
@@rogerjosephholder1320I agree also but not entirely. Yes nobody really wants to put in the work but at the same time, people aren’t getting paid. And if they do, the cost is passed to the consumer. No one at the top ever takes a ding for the team. Ever. Sooooo what’s the incentive to work? So you can make 200k and not afford a boat like someone else posted here? No reward so I can’t blame people
Weird. I make a little over 100k and I get a boat every two to three years. “Boat” doesn’t have to be $100k. A Lund Pro Guide 1875 is $45k.
@@no_regerts5176 I stand corrected. A real boat…. I’m not going to the Keys or 30 miles out in the Gulf with a 18’ canoe.
@@DrEd-th2lu agreed. A Lund is not exactly a boat that’s usable where I live. Matter of fact I’m shocked that an 18 aluminum boat actually costs so much. I know of a 24’ skater cat for sale locally for 50k. Granted it’s not new but dollar for dollar.
That's the reason why I own a 40 year old boat. The engine is a pretty recent 4 stroke Suzuki but there is nothing fancy onboard. Manual switches, standard steering, no audio system... I just updated the nav lights with LEDs!
I loved the topic, but one things that you didn’t mentioned is that these boating companies making all these boats with all these extras is because they make money on top of that they don’t want you to buy the boat and add all the things you want and save money they rather make the money. That’s why they don’t give the option to buy a stripped down Boat.
My wife and I nervously bought a basic 18' fishing boat right when Covid was starting and the prices dropped sharply, but it didn't last long. When Covid was in full swing the prices were soaring and when we brought the boat in for a service the price of that boat had gone up $10,000. They really haven't gone down since. Sometimes you just get lucky. good video.
I have a 86 Mako 254 with a two stroke and often think about repowering or buying an entirely newer boat. However, its true what my wife says that for us to take the boat out a couple of times a year and cruise the intercoastal or anchor at the sand bar, what we have is more than enough.... No need to get into that sort of debt.
That and those old two stroke are awesome :)
U need four stroke for the boat
the problem on a 20 year loan is a 100k boat will still have around 90k owed on it 5 years into the loan but the boat will only be worth 55-65k
Idk man most of the boats in my area worth even more than what they were purchased for 5 or 8 years ago. Its insane but it’s what it is
@@thefinaldispatch yea but that is not typically the case. I see prices coming down fast on everything and inventory is up on everything. The short supply pricing is about to be gone.
you forgot to add the insurance bill that goes with the new boat payment
I stole my 38ft express cruiser in 2020, for 85k; its new replacement cost would be $500k minimum. I will live with my cable transmission shifters and no joystick. My upgrades have been well worth the money. I can likely sell my boat for more than I paid for it.
Thats partly why at least for fresh water anglers and to some extent salt water anglers are going with the large fishing kayaks as they are much cheaper but they can give you much of what a basic boat allows you to do with a few luxurious for only 3-6k brand new
If your broke like me you just have to rebuild your own! It’s more prideful anyways. I rebuilt a 23ft Sea ox and I love it!
The market won't shift until sales dry up. That won't happen for the foreseeable future because people are in love with massive debt. I myself will be taking out a loan, but on a newer model used boat and try to keep that under 35-40k borrowed which is manageable with our $100k joint income as our only other debt is a mortgage. As you mentioned, people also want all the luxury which drives up the cost. Same thing is happening to vehicles, primarily trucks. There's lots of buyers who aren't boat people and figure that out real quick and sell a year or two later. I have no issues taking a smaller loan on something I intend on keeping for a decade plus and will build my life around.
Great video! I planned on selling my 2016 Boston whaler 17 this year and purchasing a used dauntless 270, even those prices have gotten out of hand. I suppose I’ll wait a couple more years. It’s wild how the 270 new was about $300,000 and you can get them for about $130,000 today
makes repowers way more attractive.
Normal price 450000 then Don’t forget to add insurance for 7500 and a dock slip for 3500 before registration and tax’s then fill it up for 2500
The bankruptcyies have started. Blue Wave kicked it off. We'll see if they are able to restructure. Layoffs are happening too. Ranger. Went to the Orlando boat show and the Robalo dealer has been blowing up my phone ever since stating "Big" savings. Time will tell where this goes but it is half a mortgage payment to by a 26ft hybrid bay of mid tier quality. Sad.
Well put. I was looking for a smaller sun deck boat for the family, and quoted over $200K, and that was with the discounts. I laughed and hung up. Now I have used boat dealers aggressively sending me boats. The high prices have simply turned me off.
Is not just the boat builders you have to add the boat dealers they inflate prices up to 100%
I want a 17-19 foot Dusky but even there crazy high right now. Guess Ill wait and see what happens.
Always bought used fixer uppers. Only way I'd buy new if I was paying cash and din't have anything else to do with the $. Yeah, I'd like to trade up to a 30ft. but I like my 24ft for the fuel economy.
This is a good time to flip older boats is exactly what i heard. 😉
I’ve been looking for a 14-16’ jon boat and brand new there like 5k for just the hull. I know that’s nothing crazy but god damn.
Boats have always been over priced. A $300 TV on the outside cost $5,000 on a boat. Central heat and air for your homemade cost $4000. Cost $8,000 on a boat. But now the cost of are just ridiculous. Outboard engines are another ridiculously priced item. There will be a reset. There has to be. When is the question......
I believe the Superboat 24 CC made on Long Island, NY is under 90K turnkey , no trailer
No matter who wins, we're stuck with these prices😢.
It comes down to greed as much as increase in materials and labor.
The percentage of people that can afford these boats is so small, how do they keep in businesse.
A new GMC Yukon or Suburban costs 70k these days
I’ve had 4 new boats since 2014. You don’t need a $100k boat. A Lund Alaskan 2075 is $55k, loaded.
Most of the boats being sold in Miami are fiberglass and designed for running in out in the ocean. $100 a horsepower is pretty much standard these days, and many of the boats have more than one outboard simply as a backup to get back to port if something goes wrong. It's nothing for the propulsion system alone to cost well over $50k.
It’s the same thing with buying a vehicle .
The average coustomer wants too much from their boat. They want the same features from a 50-foot sport fisher on a 21-foot center console.
that’s why we need to look in to the military surplus, workboat, learn the basic mechanics, you can get great boat for 1/5 of the price and doesn’t break down. i have no time for women and children and older picky luxury people. pack gears and lets go fishing/spearing!🎉
Boat sales are down. So instead of making a lot *_less_* boats. They make a *_few_* less and charge WAY more for the ones they actually do sell. Which end up costing even more because of insane interest rates these days.🙃
Then they force dealers to take more boats, which they'll end up taking a huge hit on when they have to have a fire sale after they've sat on the lot for almost a year, so they can make room for the next model year of boats that will once again sit on the lot until the next clearance sale.
Might make for some killer deals in a few years
@noturfather1106 For sure!
Especially if you buy a gently used one. Let someone else take the biggest hit. Lol
If it has wheels, wings or tits, you’re better off renting.
I always heard it as…”if it flies, floats or f**ks, then it’s cheaper to rent it”!
Have you seen Cobia boats are now offering up to 75k off of MSRP on brand new models from the factory? Have you ever seen boats go “on sale”? Seems crazy to me with such drastic rebates!
Have you seen the interest rates?
BOAT stands for "Bust out another thousand"
HELP please Roughly what should be max voltage output of rectifier regulator on a yamaha 25. I keep track of start and house battery voltages with a volt gauge...start battery before starting motor is roughly 12.6V but once I start outboard rectifier starts sending voltage to battery but it doesn't seem to be regulating voltage it just seems to keep going up..I was seeing voltage of 17.4V or so before I decided to head in. If the rectifier/regulator is working and regulating the voltage what is max Voltage I should be seeing on start battery when motor is running.
1994 yamaha 25 model 25elhs
Dual Battery setup
Blue sea systems add a battery setup with m-acr (currently have acr wired up so there is a switch on negative wire to disabled it and have been leaving it disabled until I can get regulator/rectifier sorted out)
I’m pretty sure you should see around 14volts. 17 sounds too high.
@@anthonys7534 yeah 17 seemed way to high that's why I headed in with the boat...ordered a new replacement rectifier/regulator already hoping it works this time...first rectifier I replaced lasted for a few seasons before it wouldn't regulate voltage . but since that one burned out I've replaced 2 in a row that go all the way up to 17v just hoping the next one actually works
Make 25 footers great again
Buying a new boat has always been for rich people. New boat loses about 50% in first couple years of ownership. So if you can make an investment knowing you will lose half your money your rich.
Why are you mixing in little boats and big boats to come up with your numbers? 300k is the average price of a boat? What size boat since they come in all lengths?
I own a 30ft cabin cruiser for almost 5 years and I assure you this industry will not go out of business. It's too limited of mechanic to work on them
17ft flats skiffs for $80k. 😂😂😂
Alright people, listen up. Average Joe used to buy average truck and average boat. Average truck had a single cab and roll up windows with a bench seat made of vinyl, AC was optional. Average boat was open floor plan with a motor and steering wheel. Having a anchor locker was an upgrade, much less molded seating areas, electronics, lights, cushions, sinks, washdowns, cupholders.... You get the picture. Now, you can't buy a "cheap" truck or boat because the manufacturers realized that people wanted the stuff more than they wanted their money in their pocket. You know it's true. You won't buy a stripped down boat anymore than you would buy a stripped down truck. Besides that, there is no incentive for the manufacturers to make them anyway, not enough margin. If you want a cheap boat, buy used, repower. Oh noooo, that's not worth the "investment" to put a new motor on an old hull. Well, there you go, that proves my point, you didn't want cheap. You wanted nice at a cheaper price.
Going into debt for a stupid boat is just insane. Learn to tell yourself NO!
Boats. Trucks. Houses. The last three years have decimated these industries. We all know who’s responsible…
Who? The capitalist economy that we Americans live in? There’s a demand and companies are charging what they feel they can get for their product. They wouldn’t charge that much if people weren’t paying it out. It doesn’t matter who’s “in charge”
@@anthonycaffarini5687You're talking about cronyism. I'm a pure capitalist economy we get growth like there was before 1913...
Bidenflation is a bitch…
Bidenflation is a bitch.
Bidenflation is a bitch.
These so called new boats are garbage. There picky finicky from voltage in the battery to run them. I forgot which one Yamaha or Merc. If your battery voltage drops below 12.8 won’t start. Now your good ole 2 stroke would. True inflation is a reason but it should of leveled off by now. I believe some companies are playing catch-up in getting rich quick put the blame on inflation. But when the government handed out checks to certain people they bought boats.
if your broke don't get a boat!!
I totally agree with you. I see guys catch more fish out of a Walmart kayak than guys with $100,000 Bass Boats.
If you want to see boat prices come back down, vote for Trump. If you want to keep paying more for everything, vote for Kamala.
Everything is a cycle. People are ignorant. If you are financing a boat, you can't afford a boat. There is no cycle like the boat business. It's time for the bankruptcies to start, and they will.
Boats are expensive to produce!! Very laborious
@@RicardoRodriguez-bt9inNot that laborious if it doesn't come with all the whistles and bells. There should be a dealer out there just selling blank hulls. That way you can put on it what you want.
@@sam-y8t well if you’re okay with owning a chop gun boat then I guess it’s cheap than an actual hand layered boat.
@@RicardoRodriguez-bt9in I thought most were vacuum molded these days? My 50 year old boat was a chop gun! McKee Craft. Super strong. Probably much heavier than a modern hand glassed or vacuum mold though.
@@sam-y8t yeah they lay up some fiberglass wet it down then bag it to remove all the air bubbles out
Who cares? BS content.
Years ago, I realized that a new boat was by choice, not going to be a part of the equation. God bless the boat builders, but I am not going to pay that kind of money to recreate. However, I do like the chase of what was an expensive boat, and track down that diamond in the rough. Learning to reupholster, pulling an engine to rebuilding a transom; I would like to check off the list to see if I can do it. But, I better get going at 52, it is not going to get any easier 🚤🚤🚤
What happened is 20 year loans became the standard way to purchase a new boat. Everyone is essentially renting high end boats and trading up every couple of years.