2022 Mojo vs 2017 Nautique G23 and 2017 Mastercraft x23 - for surfing

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Originally Posted by SONIC

I think that's his point is that they won't.
They are likely to be more budget friendly options rather than fancier and more expensive.
We're seeing nice boats getting up to and well above 1/4 million dollars at this point, all of which has happened in the last 10 years.

I don't see the average income increasing nearly as fast as the price of wake boats, so in my eyes at some point they are all going to price themselves out. The ONLY reason they haven't already is because as prices increased banks followed suit and allowed longer and longer loans.

Realistically the only reason 90% of "owners" afford a wake boat at all these days is the fact that you can finance it for so damn long. But it's already 20 year financing, I don't see how anyone could justify going to 30 but who knows I said the same thing about 15yr financing on toys.

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Exactly!!

I feel for ANYONE that took out a low/no down 20 year note on a boat in 2021 or 2022. in a couple years my crystal ball says they are going to be upside down for half that note. some will choose to walk as the novelty of boating wears off or gas hits higher prices regularly. that will start the spiral along with feds pushing up interest rates.

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Originally Posted by sandm

Exactly!!

I feel for ANYONE that took out a low/no down 20 year note on a boat in 2021 or 2022. in a couple years my crystal ball says they are going to be upside down for half that note. some will choose to walk as the novelty of boating wears off or gas hits higher prices regularly. that will start the spiral along with feds pushing up interest rates.

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I don't feel for them honestly. Call me an asshole but I have a big pet peeve about people making stupid financial decisions and then wanting people to feel sorry for them. You make your bed you sleep in it IMO.

For me if you can't buy the boat with cash you shouldn't have it. Doesn't mean you shouldn't finance it because that's just smart money use depending on the rates, but if the note comes due tomorrow and you can't pay it and still feed your family you shouldn't have it.
That's just how I handle my finances I know everyone is different.

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Originally Posted by larry_arizona

I can tell you there is currently zero depreciation on a 2021 so far, perhaps equity versus price paid at this point

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Agree. I know people that trade every year. One made money on his 21. Mostly b/c they get a smoking deal each year and the price increases on 22s.

The world is FULL of people that finance themselves to the point of being upside-down. Of course loan companies shouldn't allow it and deny them loans, but instead they just throw really high interest rate on them and let em' have it. Which actually makes it worse for the payee! Still, people do it all the time.

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I prefer to let people do what makes them happy, I'll do what makes me happy, that's how to win at life. Could care less what others do with their finances. If they can't afford to pay cash and choose to finance, great. If they pay cash, great as well. I'm not sure why people get so caught up in what others do. You get 1 chance at life, live it your way.

And Supra isn't going to build a budget boat, just not going to happen. That's why Skiers has Moomba. They'll quit increasing prices year over year as much and offer discounts. Plenty of people are still buying and according to my dealer, a high percentage aren't financing. All things being equal, these boats aren't that expensive. Take a look at all the off shore boats, cruisers and everything else out there, plenty of money out there.

Boats are just like cars. You have utilitarian type boats some people use to make a living, cheap fishing, cheap fun seeking, mid level price, high priced, and damn near insane priced. Just like cars&trucks. Work trucks and Low priced kias all the way up to Lamborghini and Ferrari. Just pick your level use and luxury.

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To get back to the actual question and not focused on who is the smartest in the room about finances….the 22 has a warranty which is a really nice safety blanket and you save $20k. Add some ballast bags and enjoy a wonderful boat while saving some money. You also get to build it the exact way you want it. The g would be second choice because 17 should be solid and most kinks worked out. Only risk in my mind would be electronic stuff assuming the motor was maintained properly. The mastercraft comes in third imo. But that is for sure debatable.


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Originally Posted by russellsmojo

To get back to the actual question and not focused on who is the smartest in the room about finances….the 22 has a warranty which is a really nice safety blanket and you save $20k. Add some ballast bags and enjoy a wonderful boat while saving some money. You also get to build it the exact way you want it. The g would be second choice because 17 should be solid and most kinks worked out. Only risk in my mind would be electronic stuff assuming the motor was maintained properly. The mastercraft comes in third imo. But that is for sure debatable.


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I agree with that order too.

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Originally Posted by Homer2022

Hey guys, thanks SO much for the replies, makes a lot of sense. I'm going to move forward with the Mojo!

One more question, I don't think it comes with the surf exhaust, is this a must have?

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Definitely at the surf exhaust to the build. I didn’t and regretted it. Just installed an FAE myself. It was a pain In the ass, and in the end cost me the same price to just add it to the build. What I can’t get over is how much quieter the boat is. It was. MAJOR difference. I will never own another boat without it for that reason alone.


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Originally Posted by HFarr

I agree with that order too.

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