My guess is it will come down to how many people are forced to sell. I don't know how much money the average person puts down as a down payment, but my guess it is not much. I think the issue is not the rates, but the lack of "equity" ppl have in the boat at lower values. How many ppl can take a 10, 15, 20k hit between their loan balance, so the better option is to keep making payments.

It will be the people that are forced to sell or no longer can afford to make the 1k+ monthly payments when the market starts going down. But who knows that is just my thought.

I would think the dealerships will reduce prices first and then the used market will follow which obviously we are already are starting to see.

It would be great if there was not a market crash and nobody lost their boat, but has the market ever gone up and up and never come down?

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