Moomba 2022 price increases

[larry_arizona]

So what is the total % increase from 2021 to 2022.

Supra looks like 7.5% + 6.5%= 14%
Moomba 20% + 6.5%??


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[larry_arizona]

MaliBU has an 8% mid year price increase.

Only thing I could find on mastercraft was they have a mid year price increase that is greater than the model year price increase from 21 to 22.


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[SONIC]

MaliBU has an 8% mid year price increase.

Only thing I could find on mastercraft was they have a mid year price increase that is greater than the model year price increase from 21 to 22.


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I read someone with a centurion order got hit with 9.5%

[sandm]

living in vegas the gaming commission would have shut down the boat builders as this is a win-win for them and no positive outcome for the buyers.

if I was in 2in's position, I'd rather spend a grand with a lawyer to get out of a contract than pay an inflated price on a contract already written. it would feel better to me to pick up a 1 yr old used off onlyinboards helping a family out of a boat they don't want than supporting the industry currently but something tells me the buyers will bitch/gripe/complain but still write the check and boat builders will still cash.

karma isn't nice sometimes and this short sighted thinking will come back around. as russell pointed out, maybe some of the grip of covid cash they all had their hands out for last year should be used to offset this.

[larry_arizona]

Price increases are boat industry wide.


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[sandm]

Price increases are boat industry wide.


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I think most know that. issue at hand is adjusting prices on what seems to be after the "sale". if they are tire kickers or no money in the game, I get it. deposits and a firm price/order is a different story.
same thing you order online and pay. go to the store to pick up the next day and they say pricing has gone up 6% since they had to raise wages overnight and it cost more to pick your order this morning. I bet you would be pissed. same concept.
short sighted thinking and interesting after back to back record years AND taking a ton of covid cash.

[2in2out]

living in vegas the gaming commission would have shut down the boat builders as this is a win-win for them and no positive outcome for the buyers.

if I was in 2in's position, I'd rather spend a grand with a lawyer to get out of a contract than pay an inflated price on a contract already written. it would feel better to me to pick up a 1 yr old used off onlyinboards helping a family out of a boat they don't want than supporting the industry currently but something tells me the buyers will bitch/gripe/complain but still write the check and boat builders will still cash.

karma isn't nice sometimes and this short sighted thinking will come back around. as russell pointed out, maybe some of the grip of covid cash they all had their hands out for last year should be used to offset this.

We tried buying used off of OI. Found the boat that met our needs. Problem was financing. The values of the market exceed the risk the lenders were willing to carry, and they weren’t flexible with adjusting the terms when we optioned to pay down the margin.

Example: a boat we found was listed at $155k and heavily optioned with low hours. We were looking for a 10-12 yr term below 6% with both having 800+ credit and our debt-income ratio <40% for all expenditures.

Lenders kept saying the value wasn’t there, and the best term they could offer was 7 yrs @ 6.5%. Most wanted 20% down which kept dropping us into a different loan term bracket which had higher rates and payments.

At this point it made sense to just order the boat we actually wanted vs. accommodating a boat which only mostly suited us, because we could get longer term and better rate. Our intent was that this would be our last wake boat, because after 10 yrs we have intent to move abroad.

The price increase has just soured the impending joy, along with impending rate increases as we haven’t locked our loan yet, as we only have a contract and no actual collateral.

There are many factors influencing what’s going on, and each individuals scenario is different. I’m sure if I lawyered up I could probably get out of the contract at minimal loss, but the used market lending situation isn’t improving, inventory is low everything, and I only moved to our new location so I could wake surf 9 mo a year.

So, I’ll bitch about it, and suck up the price increase, and bury it in whatever residual is left on the boat in 10 yrs.


Making my new SA build come true!!!

[larry_arizona]

I think most know that. issue at hand is adjusting prices on what seems to be after the "sale". if they are tire kickers or no money in the game, I get it. deposits and a firm price/order is a different story.
same thing you order online and pay. go to the store to pick up the next day and they say pricing has gone up 6% since they had to raise wages overnight and it cost more to pick your order this morning. I bet you would be pissed. same concept.
short sighted thinking and interesting after back to back record years AND taking a ton of covid cash.

No argurment on the “I would be pissed” part.


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[HFarr]

Well...I guess the upside, for me and a few others that bought a 2021 at a good deal, is that if something should happen and cause me to have to sell my boat in the near future, I would most certainly get all my money(possibly more) back out of my boat.

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[MJHSupra]

The 2021 buyers are making good on this one with those big price swings in 21 vs 22.

SC commented on the FBook pot saying buyers are not “locked in” until 2 months prior to the spray date. This why prices were jacked-up now for Feb 1 builds.

I think dealers will be getting a lot of blow-back on this news.


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