2021 Used Boat Prices

[MJHSupra]

I read a post from onlyinboards and wanted to pass along:

"Just wanted to point out that it sure seems this coming season is going to be as crazy as last season. If you are going to be purchasing a bimini top, speakers, ballast, or any accessory for your boat i'd highly recommend getting your order in ASAP so you are sure that you get it by spring. Items will sell out like they did last year early and you could be stuck waiting months.

For boats, i can tell you OIB had 2750 boats listed in early Dec. and now there are about 2565 listed. That may seem like a lot but generally this time of year boat inventory goes UP, not down! Last year in March there were over 5000 new and used boats listed. I'd be shocked if we see 3300 at any point this year, which means again we'll have used boat prices that are sky high. So, if you in the market for a boat and find one at a reasonable price now, pull the trigger. Do not wait because these boats will sell immediately in the spring. I can't count how many times i had boat sellers tell me they sold their boats in 15 minutes this past season on OnlyInboards. These were not "steals" either, they were just priced reasonably and there were so many buyers that they'd get 30 leads in the first hour.

Anyway, just a friendly heads up for fellow WW'ers"

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[j.mo]

Better to have it posted here. Information will be more fruitful.

Only thing people care about on WW is orange man bad


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[larry_arizona]

Does not shock me at all, another crazy boat year for sure.

I know my dealer currently has plenty of Moomba inventory.

2 Makai
2 max
2 Kaiyen
1 craz
1 mojo

I think they have 2 Supra as well although I was told they may both be sold.

1 SA
1 SL

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[larry_arizona]

Forgot, they have

2 mondo


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[MJHSupra]

Better to have it posted here. Information will be more fruitful.

Only thing people care about on WW is orange man bad


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Ha ha!! So true. Very strange. My other one is why someone would listen to financial stock advice from the wake forum?

[larry_arizona]

I belong to a couple car forums and the stock advice is nearly comical.

Some definite holiday inn express customers.

One guy became a Teslaonaire and is now the expert on day trading.


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[mgswake]

Anyone else see boat prices following the same trend as college tuition. I've noted this before, low loan rates and longer term loans equal higher boat prices. The boats style, tech, and function has definitely improved on newer models. But, are these features improving/increasing at the same rate as the prices increase? IMHO it is not, but surely is debatable. It has allowed for a lot of new ideas and features on boats over the past couple of years.

[SONIC]

I agree, I saw on this forum a few minutes ago where someone said "it's not $1000 it's $4/month"
That thought process is a large driving factor in the increase in pricing IMO.

unpopular opinion but you shouldn't be able to finance a toy for 20 years

[larry_arizona]

I agree, I saw on this forum a few minutes ago where someone said "it's not $1000 it's $4/month"
That thought process is a large driving factor in the increase in pricing IMO.

unpopular opinion but you shouldn't be able to finance a toy for 20 years

I believe the OEMS have the pricing strategy figured out.

The only way you can sell six figure boats is long term loans

To sell a boat owner a NEW boat, the owner needs to clear his old boat loan. OEM’s therefore increase new boats to keep used boat prices high.

It’s a pricing strategy that works.

I don’t disagree that 20 year loans are questionable, but when you can finance at 3.5% you would be foolish not to take that luxury.

It gives me the flexibility to make double payments whenever I want.

Effectively a 20 year loan is a lease plan.


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[2in2out]

If the banks saw risk, they wouldn’t be giving the loans. So the valuations are holding as is supported by the current market. Inflation is occurring because of overvaluation. The bubble is going to pop, but no one can determine the mechanism.