Quote Originally Posted by SONIC View Post
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.
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.