The Problem with New Boats (From New Boat Dealers)
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- Опубліковано 19 лип 2024
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I just bought a new boat, cost me a fortune, but it's new and it's mine.
@@BoatBuyersSecretWeapon Well I bought a 25' Parker Pilothouse with twin 200 Yamaha's. I'm still in the honeymoon stages, and no issues yet. Getting ready to add air conditioning to it, must have here in South Florida
Congratulations on your new boat. Enjoy
@@TSemasFl Awesome Awesome boat they hold there value well and your not buying some else's problem when you store it for a long period of time highly recommend a dehumidifier and so moisture doesnt sit in the cabin due to the hot flordia climate
haha... this video is laughing at you personally ...
@@joseph-mariopelerin7028 Well it can laugh at me all it wants. This Memorial Day weekend I'll be trolling 20 miles off Islamorada in the gulf stream fishing for Dolphin and Wahoo. Then I'll be cooking them up at the sandbar while y'all are on your computers laughing at me.
I really liked you comments on the warranty situation. A lot of this stuff is new to people that have not been exposed to it from the dealer side. Although I never worked for a boat dealer, I did work for an industrial supplier and it was exactly as you said. We always took care of the customers that bought from us first and gave them preferential treatment because they bought from us and the profit from their sale came to us. Just business.
Your breakdown of the warranty process is spot on. What good is an extended warranty if I can't get my boat into the dealer, let alone get it fixed. Ms. Roberts is spot on!
I had no idea there were only 200,000 boats sold a year recently. I would have guessed that to be much higher. I also never would have guessed the number of bow riders to be so low. It seems like they have really gone out of favor.
They are just too damn expensive for most families to afford anymore. 50k for a toy that most of the country can only use for 3-4 months out of the year is just too much.
I just bought a 2012 Tracker pro angler 16 with only 12 hours on it. It belonged to a buddy of mine that bought it brand new and never used it. Everything is in perfect shape. It was covered and under cover. I paid $8,500 CASH for it. It's just like the Bass Tracker Classic. I still want my Pontoon but like you said, it will probably be a couple years till things even out.
I figured this way I could still satisfy my need to get on the water and fish and have a good value trade in when the time is right for the pontoon.
Very informative as allways capt. Ty for what u do for us!!
good video.. I had ordered a new Bennington in 2018. I had a few warranty issues and they along with the dealer were excellent. My items were fixed with zero hassle. I just sold that boat 4 years later for what I bought it for. It was garage kept and in excellent condition. This is the exception, but I have been fortunate with buying new. I am awaiting my new boat now that I ordered.
All of this info is very true. The warranty info - 100%. Heard it directly from a Robalo dealership GM. Build slots and the timing to put in change orders would be good to know too. Thanks for the video. Good stuff!!
So, this is really a class on statistics of the boat manufacturing industry and dealership business, rather than actual problems with the new boats vs used boats or older boats. Are they using a wood frame and wood transom or coosa board? How thick is the fiberglass? What kind of fiberglass fabric is being used? Are new boats made cheaper and lower quality than older boats? We need to know this kind of information. This is an interesting and informational video however, but doesnt give me anything that would help in deciding what manufacturer to purchase from or to stay away from new boats and go with an older boat.
I agree with you completely .There is large component for human error in boat manufacturing ( especially in the hull lay up , the layers are rolled down by hand ) .
Your comment on transportation is very true , '' stuff happens '' . Another thing , as in my case , some manufacturers warranties are not transferable to the second owner . In my case a boat less than 2 years old , with 25 hours on it .
Thinking things are changing drastically, I'm seeing a big demand and a lower supply which is pushing used prices up. People are selling recent model boats for more than they paid for them.
This has happened with every recreational vehicle, new prices have gone up on motorcycles, atvs and this pushed the price of used up. Financing pushed all this, high interest rates are going to pull the market and the new sales down, causing the manufacturer too either reduce prices, or reduce production and cut back,
This really helps me understand the costs! Thanks.
Always great content thank you
I saved 20% buying a five year old boat... right in line with your estimate!
Great information 👍 I picked up a 1996 Baja Islander 272 a couple of years back 😀 great shape 600hrs cost 11k new 150k 😥
A lot of dealers in my area are good at servicing the motors even if the boat wasn’t bought from them. It’s the boat itself where you can run into issues. However when we purchased a Crownline from the only local Minnesota dealer, they failed on both accounts so there’s that. I’d never buy again. A different non-Crownline dealer fixed the two issues we were having with the mercury outboard; although, we had to pay out of pocket because the original dealer dinked around so much that it went past warranty.
Great info!
Thanks for your time pulling this together a great video.
However, having worked in the auto industry for many years I don’t agree with your configuration comment. A car can typically have a variance of 10 to the power of 15 or 20. I would suspect that’s more than the average boat by a long way. However, I think what you pointing out is modular design in the automotive industry combined with repeatable processes rather than maybe less robust processes in the boat industry.
The warranty aspect is common to anything. They _WILL_ try to deny any warranty claim no matter what you purchase from a bicycle to a new home.
Make some bids on a good second hand hull. Most of today's hulls have worse quality than the old ones. Overhaul the engines and drives, change if needed.
Fix the inside the way you want it. New boats have huge warranty issues.
yes, boats just like cars depreciate but that depends on the type of boat. For example, Jet boats (Yamaha) continue to increase in demand and value. The used ones that are 2-3 years old are selling on the private market for same or more than a new one simply because they are in high demand and very difficult to get. Me and my friends have been on waiting lists of multiple dealers to preorder boats that have yet to come out. People don't like waiting for luxury items. Those not willing to wait a year or two are purchasing a low hours used boats for almost the same cost. Sea-Doo stopped making the Challenger jet boats in 2012 but their boats are still commanding $15k for a 5-7 year old boat, when it was $20k brand new. This pandemic has also reduced the number of available boats, thus creating a higher demand. This demand will continue for a few years. I can't speak on the $100k plus boats.. that may be a totally different scenario.
A lot of us would never be able to get into boating if weren't for geniuses getting raked over the coals by depreciation.
And let's not forget all the geniuses who bought used boats with all kinds of hidden problems that ends up costing them thousands.
The #1 problem with a new _anything_ is it costs too damned much LOL
On a more serious note, the reliance on "extra" electronics for convenience. Chart-plotters and GPS rather than learning _HOW_ to read a paper chart, use a compass and figuring your real course by "dead-reckoning". Don't get me wrong, if I ever play the right numbers I'm going to be the first in line to get the latest in modern conveniences. But I'm not going to be totally _SCREWED_ when those items go belly up!
I love my new Garmin 8612 and 24" radar. Sirius satellite radio is cool too.
Just ordered a 2022 Bayliner trophy!!!!
Good luck trying to get a sea trial before taking delivery!
The dealer is a very vaild point, Just bought a used boat a mouth ago. Got it from a dealer that handnt tested it (I didnt know this) and it left me stranded in the middl eo of a lake.
I’ve owned quite a few boats over the years and many of my freinds ask my advice on buying them I always tell my freinds that all boats are terrible financial investments yet fantastic investments o fun for those without any or very little exposure to operating them and some basic navigation and etiquet I advice those to join a club that allows the members to use their boats and no matter how tempting it sounds to buy one together with freinds or family DONT
I studied fiberglass in high school could never find a job going because I never had enough experience i lived in Maryland at the time
Where can I find a breakdown of how many boats each manufacturer produced?
I live in the pacific northwest. A friend of mine sold his 2020 boat 4k more than what he bought it for. That just a fluke?
2004 legend viper bought for 14k sold it for 12k yesterday. That depreciation is killed the bank🤣. Inventory is so low right now you can buy a new boat and sell it for more a year later. Rock covid rock
@@BoatBuyersSecretWeapon manufacturers are now adding fees to your new purchases to offender the demand and people are just paying it. Insane time to live. If the government pulls the plug on covid we could see the worse depression ever recorded in history. Unlimited inventory is coming dude. Just wait
It's like building custom car !!!
Where would cuddy cabins fit into the number being produced?
@@BoatBuyersSecretWeapon I have a 92 Thompson Fisherman 200 - 20' Cuddy cabin that I sleep in all the time with my Golden Doodle and I love this style of boat. We take a lot of trips with our boat club America's Boating Club aka Power Squadron. My 4th boat and probably my favorite. I also boat with some people with slightly larger boats with cabins 23-27 footers. I'm guessing those are counted in the cruisers?
Your saying , if I purchase my new Scrarab 25' from an out of state dealer , the local dealer here in Miami Florida will give me a hard time? Wouldn't the manufacturer step in and say you have to service the client properly?
You always take your chances by buying anything from somewhere other than the place you want to have it serviced. Just a fact of business. The place that sells the item gets the profit from the sale so they are more likely to care about your concern. Also, they want to keep their patrons happy as well, first and foremost.
@@BoatBuyersSecretWeapon I inquired about the situation, The dealer would lose his dealer license by not servicing your warranty issue . He may put you in the back of the line , or say we are full rite now and make you wait. But I learned a simple 20$ - 50 $ tip bribe to get your boat done quick may speed things up for you. Will keep you up to date with challenges. Boat arrives next week
I work for a boat Manufacturer and all our boats are completely all rigged up before delivery. We also do have our own small lake for lake tests.
I build Regal boats. Mainly 21 OBX’s, LS6, LX6 and the surf boats.
I basically attach all the hull hardware, thru hulls, docking lights, bow scuff plates with the eye in the center and stern eyes also, window for the head closet in the surf boats (when equipped), drain plug, swimming ladders. All types of stuff. Sometimes I assist in running plumbing and installing fuel and water tanks.
We do not run 100% of them.
We run them all in the tank. But we do run some in our test lake.
To be honest, Regal is by far the best company that I have ever worked for. They care about their employees, and as long as you work hard… you can advance. They have great benefits and do things for us that I’ve never heard of any other companies doing. I’m proud to work there. And plus we make some pretty alright boats.
graph says depreciation is worst in 2 years - am I missing something
I bought a used boat 17 foot center console Angler and I'm putting a brand new motor on it the motor that is on it now is a two-stroke that I'm selling 90hp it is a Johnson the Johnson motor does work but it's 35 years old so it is still runs and works but I don't know how long it will last so and I always been a guy who buy used crap boat fix him up and keep them and I'm about to pour money into it
The RV industry has pretty much all the same problems
Look like we need a PWC manufacturer. Anyone want to start one up hit me up in serious. Make fun hybrid PWC for fishing fun cruising and strap on sizes for yaughts
Lol depreciation is totally true however if it’s not mine I automatically assume the previous owner took a shit on it while doing a back flip while he was holding a beer sooooooo not thanks not worth the headache and cost
@@BoatBuyersSecretWeapon Nah I didnt say "do a flip off a boat" i said do a flip with the boat literally like when people do donuts on rental cars that arent theirs. Let me put it this way my godfather had a brand spankin new sea fox 266 commander and ran it into the shallows on day one cause the liquid courage got em... so yeah i dont trust other peoples boats ever at all not even a little bit
Ah, how can there be 46 houseboats sold, but no one to build them? ;-)
18:36 Also known as sea-trial?
@@BoatBuyersSecretWeapon Thanks for the clarification!
Who makes jet boats now
Boat starts to appreciate since covid.
I'll check out that video for sure!
Update.....Boats are appreciating when you drive them off the lot (for now)..if you're lucky enough to get one...HA
I love SeaRay boats but way to high in price !!!!!
actually not so right now
Unless it’s COVID times and boats are selling waaay over what they are worth selling like hot cakes
I can’t even afford a badly used one😞
@@BoatBuyersSecretWeapon no, but sounds like I should
@@BoatBuyersSecretWeapon so far the only videos I’ve seen have you picking up boats that take a ton of time and money to get operational and that’s not a free boat. Do you have a video that’s different I could see?
even if you can afford it Why does anyone need a 40 ft open bow boat with 5 450 hp engines?? it takes 2 just to over come the DRAG from 5 props. and the Fuel use GOD!!!!!!
It sure looks sexy though lol!
If your complaining about a brand new boat!! then just give it to someone who appreciates what they have !! , 🙄
No, the biggest problem with new boats is the price.
The Problem with new Boats is... The Average Joe Cant afford to have, Most boats Cost more than a average size House, Crazy
Most the videos I see from this you tuber are all about don’t buy this boat . I think he secretly just hates all boats
Buy Yamaha, problems solved.
Used boats are horribly over priced, and can be can of worms money pits
Well hopefully you have an extremely good insurance policy. Your efforts to crush the Marine industry to get UA-cam Views (more than likely because you can't sell a boat to make a living) maliciously. I would be cautious how you proceed in fleecing the public with your misinformation. You may find yourself in a position in front of a judge that's worse than not being able to sell a boat.
@@BoatBuyersSecretWeapon Your next destination will be facing a class action lawsuit from the NMMA if you keep up the slander and fleecing the public with your damaging lies. I hope you realize your poking a very powerful and ethical industry.
@@marcoyachtsales9522 get a life, drama queen.