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Old 09-21-2020, 05:19 PM
DavidF DavidF is offline
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Thoughts on whether to purchase "new" boat now or wait til spring...

As some of you know, boat caught fire, insurance totaled it and salvage company picked it up Saturday.

Yes, right now used boat prices are nucking futs. Does anyone think that will die down by spring? And part of me hates the idea of buying a boat now just to pay for winter storage...

Budget is around $80k max, I've definitely seen some decent boats up to 2018 x, xt and even a 2015 x30 that was nice. Just don't want to jump the gun.
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Old 09-21-2020, 05:37 PM
88 PS190 88 PS190 is online now
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I don't think anyone can actually answer this with any real accuracy.

Normal years I'd buy now - but if people are going back to the office next summer you might find them selling off that new toy.

The other thing that I do predict to see here as the weather gets cold is that people who bought a boat might not want to store it and that could cause a late season slump as the storage capacity didn't get the same chance to expand. Our pontoon for instance is getting stored on our property this year because the local marina has its lot booked up. Maybe some late season sell off for people wanting to buy snowmobiles this winter too.
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Old 09-21-2020, 05:43 PM
DavidF DavidF is offline
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thanks!
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Old 09-21-2020, 05:48 PM
Mystic3D Mystic3D is offline
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What goes up, must come down. Wait..
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  #5  
Old 09-21-2020, 05:51 PM
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jbmccul jbmccul is offline
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I'm waiting as well. Boats down here are still flying off dealer lots but things look like they're at least starting to slow.
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  #6  
Old 09-21-2020, 05:54 PM
stuartjr stuartjr is offline
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I have to think prices will start to correct themselves this winter, but who knows. If you find one that checks the boxes and you don't feel like you are getting gouged, go for it. Otherwise wait it out.
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Old 09-21-2020, 05:55 PM
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moosehead moosehead is offline
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Old 09-21-2020, 07:21 PM
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Market is high, I'd wait. The past few months people bought anything they could get their hands on. I'll bet some of these people decide to upgrade to exactly what they want over the winter, so I'll bet there will be more choices if you wait.
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Old 09-21-2020, 07:22 PM
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maniacmikes maniacmikes is offline
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I have been watching the market as well. I am starting to see more reasonably priced boats come on recently...but also seeing some crazy prices still.

I am waiting, I don't think prices are going to go up anymore than they are now. Hoping they come down, but who knows.
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Old 09-21-2020, 07:28 PM
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ttu ttu is offline
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David, if possible I would wait. I think over the winter (all the new boat owners ) are going to realize they did a 20 year old loan will start to sell for way lower than the market is right now.

that $150K in interest on the docs may hit them a tad.
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