Boat show fever .... I dont need a new boat !

[Langwell]

I love simple and classy which is why i schemed my boat the way i did. I do think it will help with resale when that time comes. I would pick the colors you have chosen elevated if i remember the posts correctly.

[JohnnieMo]

4.Carry as short as you can

Do those things and you can safeguard yourself.

I know dealers don't like to hear this but I disagree with #4. Hold it as long as you can. A boat that you've paid for costs you nothing I've been monitoring and a Tige seems to sell for around 50% of purchase value after a decade. So that means in 2023 my boat should be worth $40k CAD. Net cost is $4k per year. That almost seems reasonable! Depending on your sales tax situation, you can save a lot there too. I hate giving the government money.

You have to be satisfied with the same boat for a long time, and it means you really have the buy the boat you love the first time.

[Germaine Marine]

I know dealers don't like to hear this but I disagree with #4. Hold it as long as you can. A boat that you've paid for costs you nothing I've been monitoring and a Tige seems to sell for around 50% of purchase value after a decade. So that means in 2023 my boat should be worth $40k CAD. Net cost is $4k per year. That almost seems reasonable! Depending on your sales tax situation, you can save a lot there too. I hate giving the government money.

You have to be satisfied with the same boat for a long time, and it means you really have the buy the boat you love the first time.

You misunderstood the meaning.

Carry as short as you can as in (Term Length of the loan) not how long you are keeping the vessel.

[Germaine Marine]

I know dealers don't like to hear this but I disagree with #4. Hold it as long as you can. A boat that you've paid for costs you nothing I've been monitoring and a Tige seems to sell for around 50% of purchase value after a decade. So that means in 2023 my boat should be worth $40k CAD. Net cost is $4k per year. That almost seems reasonable! Depending on your sales tax situation, you can save a lot there too. I hate giving the government money.

You have to be satisfied with the same boat for a long time, and it means you really have the buy the boat you love the first time.

Yes... the longer you keep it especially if you pay for it outright the better you will be. I think thats a given that no one even really needed to discuss. It just doesent pertain to a majority of the buyers. Most buyers are carrying long term paper on boats and they are doing it sometimes in the 6-7 % range. Those two things are death to anyone looking to change every 3-5 years.

[Germaine Marine]

the caveat to that is if you change early and often. Within a year given you bought it right and paid a little down, means you can get out from under it easier then if you try and do it 3-4 years and 300 hours later.

[dakota4ce]

Great discussion! I suppose the amortization of a long note on a boat is like a home—mostly (nearly all interest) in the first several years....yes?

So carrying for 3 means you still have a huge principal balance at the time when you’re getting a chopped trade on a 300 hr boat. BATHTIME


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[JohnnieMo]

You misunderstood the meaning.

Carry as short as you can as in (Term Length of the loan) not how long you are keeping the vessel.

Ahhhh! Yes indeed. 7% on a boat is crippling.

The rate at which these boats are increasing in price, I'm expecting this boat will have to last me 40 years.

[BlackoutATX]

I love color but people always ask how I am able to get in and out rather quickly. The main thing is neutral color. It may not be flashy and my absolute favorite, but it appeals to the most people. If you have crazy color then its going to appeal to mostly people who like crazy color. If its neutral and done right its going to appeal to both sides of the street.

This is so true. I absolutely love neutral colors. Current boat is black/white/grey. Ive always been this way with anything with a motor. Over the years I’ve noticed how many people the neutral color scheme appeals to. I think one reason is it hides the boats age. Certain color schemes and graphics come and go as trends. Neutral clean designs are timeless. It’s why it’s hard to tell the age of a lot of cruisers.

I’ve been tempted by some flashier colors over the years. But I always seem to come back to the neutrals and I’ve never regretted it.

I have a buddy that loves bold bright colors. It he also likes to upgrade every year or two. He’s gone to ordering the neutral color scheme and then immediately putting on a custom wrap. This way when he goes to sell he just removes the wrap. It also doubles as a pretty good way to protect the hull.

[Germaine Marine]

Great discussion! I suppose the amortization of a long note on a boat is like a home—mostly (nearly all interest) in the first several years....yes?

So carrying for 3 means you still have a huge principal balance at the time when you’re getting a chopped trade on a 300 hr boat. BATHTIME


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You got it buddy. The amount of people that come in to trade a boat that is 2 years old only to find out that there payoff is for close to what the loan amount was for a year and a half ago with no down.... It happens ALL THE TIME.

[Langwell]

Thats crazy people think they can just trade in whenever. I thank everyone for all your input and different experiences. Just trying to stay in front of the wave.

[Germaine Marine]

Rzx is nice Lang. I Would wait for some releases here coming soon though personally.

[Bakes5]

Really it comes down to bigger, more convenient surf waves. People want to upgrade for the magic surf wave that spending another $40-60k might bring them.

I think current surf tech has matured to the point that a 2020 won't have much on a 2017/2018. I will tell you though that 90% of the people surfing of Pueblo are just standing behind the boat. I kinda play moneyball when it comes to my recreation and I just don't see the point of upgrading $40k to stand behind a slightly bigger wave. Then again I'm not sure you could pay me to just stand behind a boat so I'm not a good person to ask. I get Z3 vs RZX in that the RZX will have more storage.

Anyways...upgrading $100k + wake boats every couple yrs is a little ridiculous unless your just rolling in $$ or else get the dealer sweetheart deal and just sell at cost each year.

[bsreid]

One of my local ish.. dealers offers a program where they basically do 1 year leases on the boats. Selling them for a very low cost and buying them back and making their money when selling it as used.

I have a feeling quite a few of the western Canadian dealers do this, particularly with pro riders and surf schools. Hince why used inventories have just as many 17 rzx’s and G23’s as new.

[bsreid]

Unless manufacturers start introducing yachts in the next few years I can’t see the surf wave changing much. Boat interiors and features, definitely. I just feel like we’ve reached a point with surfing where everything is perfected. I understand things are going to get better, but what I mean is no introduction or surf gates or whatever.

[Langwell]

The only thing new ive seen are the hideous interiors! Anyone seen the blue and red bu on Instagram? What were they thinking. Sorry just had to throw that in.