Should You Buy a Boat Now? (Covid Market Update)

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  • Опубликовано: 13 дек 2024

Комментарии • 93

  • @patrickhall2971
    @patrickhall2971 3 года назад +6

    Thanks for doing this video! I went through a lot of waiting and frustration to get my new Boston Whaler 150 Montauk at a premium price. However, after I finally got the boat I quickly forgot about all that. It was totally worth it! In the waning days of the boating season I took my friends and my dad out for fun excursions, I caught my first crabs, and I even saw orca whales up close! I can't wait to see what adventures I will have next year. Life is short - I'm glad I didn't wait.

  • @willraefpv
    @willraefpv 3 года назад +14

    Yes the prices might be high, but for some people the inflated prices do not matter because we only have so many years to live. If I wait 2-3 years to finally get a boat, thats 2-3 less years that I made memories on the water. Its all relative to what your goals are.

    • @alex124241
      @alex124241 2 года назад +1

      Yea but selling 7k over msrp? For a boat that msrped at 44k? And then the dealer not willing to come down even a penny. Or any kind of incentive. Just one example. NO THANK YOU!

    • @willraefpv
      @willraefpv 2 года назад +2

      @@alex124241 Supply and demand lol. If people are willing to pay they will charge that

    • @alex124241
      @alex124241 2 года назад +1

      @@willraefpvI get it. But it’s rape rn. People have lost their minds. Let the next schmuck buy it.

  • @offhandacoustic
    @offhandacoustic 2 года назад +1

    I bought a 1k$ boat (81 glastron ssv 167 with 76 Evinrude 115) and put another 1k$ into it and have been on the lake once and on the river 5 times. No payments and probably the best thing I have ever bought. Sure its not fancy or perfect, but Im on a sandbar with my family drinking a beer instead of sitting at home wishing I had a boat. Besides the motor work (250$) I did everything myself to get this boat water worthy. I tore all the old rotting seats and trim out and built all new stuff. I don't worry about it getting dirty or scratched either. Buy a used boat, fix it up yourself and screw making payments. Its more satisfying when you know you own it, fixed it yourself and don't have to make the payments during the winter.

  • @adonissage
    @adonissage 3 года назад +2

    Thanks captain! This is a million dollar video for all boat buyers. Haters are either boat dealers or COVID noobs who regretted their recent purchases.

  • @matthewschneider5724
    @matthewschneider5724 2 года назад +1

    Bought our boat at the start of last year new. This year same boat is 20-30k higher than what we paid last year! Unreal!

  • @deepsea5107
    @deepsea5107 3 года назад +3

    Excellent topic; thanks for posting!
    Whenever the wife and I decide to sell a boat, we refer to the NADA Guide to get the best information on what we should be asking for the boat. This has served us well; very rarely does someone really try to "lowball" us after they learn our logic for pricing the boat.
    BTW: Last week we sold our 2017 Aqua Patio 259CBD Tri-Toon with a 150 Merc and EZ Loader trailer. Priced it according to NADA and the buyer didn't attempt to negotiate.
    Yesterday, we ordered a 2022 Barletta Corsa 23U Tri-Toon with a 200 Merc. Looking forward to taking delivery sometime in April/May!

    • @gwgrote5
      @gwgrote5 3 года назад +1

      Deapsea5 Thanks for your comment. Most, if not all people buying boats are/were not affected greatly by Covid. I'd never try to low ball a boat deal (unless I am trying to buy the actual boat at the boat show). Good Luck with the Marietta Corsa!

  • @nilespeterclemens8328
    @nilespeterclemens8328 2 года назад

    SMFH. Got priced out of first time home ownership and now getting priced out of boats. What a great time to be alive.

  • @billieglennbusch2189
    @billieglennbusch2189 2 года назад +1

    First time boat 🚤 buyer. Bought used bc I can’t afford new. Purchased a 2013 Tahoe Q4i fish and ski which means it came from the factory with a trolling motor, fish finder and front fishing seat which is removable. Boat comes with a nice trailer, Bimini top, and full cover. Bought from a dealer / marina who sold the boat new, have serviced it since new, 1 owner, approximately 130 hours on it. This boat looks new, and dealer is offering a 30 day warranty from first splash 💦. Same boat in another large city 2 hours away was comparable price. Paid approximately $21,000 for it. Bad OR good deal 🤷🏻‍♂️, but I’ll be on the water this summer. Thanks for your video and info.

  • @2011hemiram
    @2011hemiram 2 года назад

    I would like to see an update on where statistics and you see the market as well as what inflation and supply and other issues are doing to the market in the next 6 months

  • @Rob-Oh
    @Rob-Oh 3 года назад +1

    I’m recently retired (65) and my watersports days are behind me. But I bought a Yammy with a tower because they are fun to cruise in and will be easier to sell becsuse it’s setup for watersports. I loved my waverunner, but my 212SE is a jetski on steroids. More importantly, the wife loves it. I didn’t test drive my boat, but was confident because it’s a Yamaha. They aren’t going anywhere.

  • @fishydubsfishing6516
    @fishydubsfishing6516 2 года назад

    We're going into the spring boats are jacked up in price I had of the season you never wanna buy a boat before the season

  • @mycompasslawp.a.4328
    @mycompasslawp.a.4328 3 года назад +6

    This is good info, but I'm confused about why you keep on referring to the C-19 situation as occurring in early 2019. The C-19 shutdowns and all the mess that followed didn't start happening until early 2020.

  • @toddkraml6477
    @toddkraml6477 3 года назад

    Thanks for sharing your information and knowledge thinking about a Ranger pontoon

  • @Rob-Oh
    @Rob-Oh 3 года назад

    Another great video Matt. I got so lucky. Ordered my boat in August 2020. Was told earliest delivery date was mid-April 2021. Boat came in January 2021. I think a previous deal fell through. (2021 Yamaha 212SE) I learned early on, don’t sweat the small stuff, fix it yourself.

  • @sustainability8200
    @sustainability8200 2 года назад

    Hey Captain you should do an update on this topic.

  • @timshull59
    @timshull59 3 года назад +1

    Captain Matt the economist, good topic enjoyed it. You are right you work hard enjoy your fruits of your labor but dont stretch yourself too thin.Just sold a 2019 Waverunner and 2021 Sea Doo jet skis for what I bought them for. Now for a pontoon.

  • @olabodealamu5297
    @olabodealamu5297 2 года назад +1

    Covid started December 2019, I think you got the dates mixed up in the video.

  • @NipItInTheBud100
    @NipItInTheBud100 2 года назад

    This is exactly why I’m waiting. Prices are insane right now

  • @BPinney
    @BPinney 3 года назад

    On reflection, it shouldn't be surprising that boat manufacturers that were likely working near capacity (to maximize efficiency) wouldn't be able to pump out way more boats when you then add supply chain issues on top. Really nice video.
    We just ordered a 2022 Tahoe 2150 yesterday with an expected delivery in second week of February. Hopefully that gives those new workers time to improve lol

  • @bapakbob3897
    @bapakbob3897 2 года назад

    Thank You. To read what dealers think, but do not say to the customer is most interesting. I have a 24 year-old Sea Ray...Sea Ray dealer said "sayonara" to working on Sea Rays older than year 2000. OK, i pay a premium price for a name and receive no service: Sayonara Sea Ray!" I have recently looked at Cobalt: I go to their boat builder today (March 2022) the base price of the model I am looking at: $99,117.... BEFORE I add one option, BUT/BUT at the bottom of the Cobalt build sheet it reads : Manufacturer's Material Surcharge $7,929.36!!!. Total $108,000!!!! Couldn't the Cobalt Accountant add the upcharge to the MSRP and not blatantly state, "yes. here is the Cobalt cost to chumps." (Perhaps becuase the chump charge changes daily without notice?)
    So I closed the Cobalt build page.
    Will I buy a boat in the next 6-12 months? No, I am all full up on crazy right now. Sea Ray under the care of a non-Sea Ray mechanic will continue to float by boat.

  • @ryanwalker4795
    @ryanwalker4795 3 года назад

    I ordered a tritoon in feb 2021 was set for delivery after delays at the end of this month. The paper work came to close on it and it was 30% more and I told them to keep it.

    • @ryanwalker4795
      @ryanwalker4795 3 года назад

      @@BoatBuyersSecretWeapon I found the dealer that took the boat and they marked it up another 20% basically 50% from when i ordered it all said and done.

    • @emmanuelmeyermeyer1083
      @emmanuelmeyermeyer1083 2 года назад

      Good for you. It's just greed!

  • @MyBoatLife
    @MyBoatLife 3 года назад

    The market is crazy now! We go our '02 410 Sundancer as a repo 10 years ago and got an amazing deal - the same year boat is now selling for about what we paid 10 years ago, which is unheard of with boat values. We're hoping to step up but will be patient. We'd never sell our boat until we found the right next boat - it could be a few years in this market! Meanwhile we are enjoying the boat life with it! ;)

    • @chevy4x466
      @chevy4x466 2 года назад +1

      i bought a new boat recently. the boats i was pricing 15 years ago r fetching nearly the same price currently. at this point in our society, saving at waiting doesn't pay

    • @sharonbraselton4302
      @sharonbraselton4302 2 года назад

      Jet. Boat 4 too 10 years searay 410 Sundance with water jerts picnic boat 40 foot uaght water jets dusel jets

  • @peterfrederickson6675
    @peterfrederickson6675 3 года назад

    Love your videos. Keep up the good work. Following!

  • @jurisavtschenko
    @jurisavtschenko 3 года назад

    Was only now able to watch the video. I agree that it's not smart to watch the currency stats, but rather the units built stats. However, respectfully, Matt I think your guess (as good as mine) reflects too much on the near history. Manufacturers are not able to ramp up their production at light speed. Yet, the current demand for boats attracts a ton of investor money to the business. My guess is, we are going to see a huge surge in production numbers in the following years. Also, I agree that if you are without a boat, you should get one right now. Waiting for a few years (to save some money) is not worth wasting those years without boating!! :) Very, very good and unbiased video!!

  • @kristinejackson8268
    @kristinejackson8268 2 года назад

    This is happening to all manufacturers a lot of the work force that do the quality work are getting ready to retire. The younger work force dont want too work they don't care about quality . The just want too know how much an hour and when do they get paid. Not all of them but most of them.

  • @fittch1374
    @fittch1374 3 года назад

    I think in the beginning you mentioned to talk about possible quality issues on covid boats but never got to it.

  • @jilliancollins5598
    @jilliancollins5598 3 года назад

    We broke our key west Bimini top and we couldn’t find anything to replace it. We went to our local shop they do all our work on our engine. They happen to be a key west dealership. We ordered just the top. Key west tried to charge them 3,000 to ship it so we waited till they got a shipment and ordered it like an extra one for a customer who ordered a 1720 then they took 3 months to ship it. Crazy!! We can’t even have them sell our 1720 to trade it in for a newer boat because I can sell it used for 28,000 2014 key west sportsman they said they can’t give us more then 15,000 cause that’s what they ate allowed to buy it used it’s insane. The new 1720 is now 39,000 new they were 27,000 before covid for a new one 10 k mark up!?!?

  • @curlyguy2790
    @curlyguy2790 2 года назад +2

    Looking for my first boat right now.
    I'd rather have an expensive boat now than no boat waiting for a crash I might never see

    • @jimbeam9176
      @jimbeam9176 2 года назад +1

      Yep have fun now you may not make it to later.. life's to short

    • @curlyguy2790
      @curlyguy2790 2 года назад +1

      @@BoatBuyersSecretWeapon i did. and i just got approved for my new boat!
      long wait but it'll be worth it.

    • @brentmack51
      @brentmack51 2 года назад

      Look at Marinette 28 or 32' they are amazing ive had my 32 fisherman 15 years

  • @josephtaylor3857
    @josephtaylor3857 3 года назад +1

    Excellent video as always Capt. Matt, thanks for this. Perhaps to solve the supply chain issue, they should simply just build more container ships...hey wait....:)

  • @phillipmckinnon6883
    @phillipmckinnon6883 3 года назад

    Good info. Especially for the used market.

    • @phillipmckinnon6883
      @phillipmckinnon6883 3 года назад

      @@BoatBuyersSecretWeapon I wonder what the flybridge water condo marker is looking like?

  • @TJ-hd5ym
    @TJ-hd5ym 2 года назад

    Want to buy a new 19ft war eagle this year but nothing here in Cali, got to drive to Arkansas to get one not sure how to get it back without the engine getn stolen 3 days of driving

  • @mikeleahy244
    @mikeleahy244 3 года назад

    Any word on when best captain on the water twin engines will be available?

  • @jayb7675
    @jayb7675 2 года назад +1

    It’s not like the manufacturer is going to lower their online price from one year to the next. The price will never go down. At best, a few more incentives or sales events. Quality control right now is horrible. Over paying for a QC riddled boat is a concern. But here’s the real issue. Buyers today want instant gratification. They will pay 10k more and just take out a longer loan. Boat manufacturers have taken notice and realize these are emotional buyers not rational buyers. Boats are toys and buyers “MUST” have one now! Buyers must take little Jonny fishing today because life is short and memories are “priceless”. When buyers use this type of logic boat manufacturers will increase prices. It’s like taking advantage of the emotionally challenged. Remember, the day you buy and the day you sell are the two best days. After owning 5 boats, I assure you this is true.

  • @Photonsnmotion
    @Photonsnmotion 3 года назад +2

    Your 27:14 comment is right on target.

  • @muddpuppy07
    @muddpuppy07 3 года назад

    I don't think the sales are going to be from covid buyers per say but from the increase in energy cost. Look back to 08-10 when gas prices were high.

  • @FaithfusesChaney
    @FaithfusesChaney 2 года назад

    Yes

  • @jrakin
    @jrakin 2 года назад

    Correction on your charts. COVID hit the US in Spring of 2020. COVID started in Wuhan, China December 2019 and was declared a worldwide pandemic in March of 2020. What was the reason boat sales dropped in 2019 ?

  • @grantrempe5895
    @grantrempe5895 3 года назад

    Do you feel the boat show would be a good place to view multiple boats? Im looking at ordering a pontoon but want to see multiple at the same time.

  • @mitchellkaplan613
    @mitchellkaplan613 3 года назад

    Prices are up 20-30%

  • @bokettom
    @bokettom 3 года назад +1

    You are spot on with all of your predictions. I sold my 2015 Ranger Z520 for damn near what I paid for it in July 2020. I bought a 2018 Ranger Z521 for a steal from a man that was giving up tournament fishing then my wife decided we needed a boat that the whole family can enjoy so we put a deposit down on a 2022 Sportsman Masters 247 in august 2021. We were told that it would be February/March 2022, now it’s more like May/June 2022 and the prices are going up 5% for all boats not shipped by January 1 22.

    • @jurisavtschenko
      @jurisavtschenko 3 года назад

      Brock, I can feel your pain. But then again, we all know, when the wife says something, we must ignore the laws of economics. :D

  • @mikefinney7608
    @mikefinney7608 2 года назад

    Good info

  • @bubbafatas2588
    @bubbafatas2588 3 года назад

    Why are the marinas and sales yards full of boats in SW Florida!

    • @bubbafatas2588
      @bubbafatas2588 3 года назад

      @@BoatBuyersSecretWeapon these are brand new boats with motors! Obviously ready for sale! I am getting wary of these so called shortages! My family is in lumber business. We saw lumber go from 400$ per thousand to 1600$. We never resupplied at those prices because we knew that the small shortage caused by Covid was overblown by wholesalers. After lumber prices collapsed wholesalers were stuck with 100, 000s rail cars of lumber worth 35,000$. All suppliers love to create a fake shortages. Where were oil prices 2 years ago 40$! Remember two years ago they were running out of places to put oil! Tankers were sitting at anchor loaded with no where to go! We are still using significantly less oil today so why 83$. Producers and wholesalers are manipulating the market and when they start to turn the spigots back on prices will crash! So buy a boat today, pay a premium over the sticker and try to sell it in a year! You will be lucky to get .60 cent to the dollar!

    • @bubbafatas2588
      @bubbafatas2588 3 года назад

      @@BoatBuyersSecretWeapon if I was a dealer or salesman I wouldn’t stop screaming shortage until the bank says time to pay up! Nothing better than a shortage to leverage pricing! Easiest negotiating ploy ever! Just had to buy my graduating daughter a new car. 3000$ add on! I kept walking out till it was down to 500 and they gave me big discount on extended warranty. Hated paying the extra 500 but she needed the car now! If you don’t need the boat now don’t buy it till you get a reasonable price! I don’t know anybody who wants to buy a 100k boat and have 60k in equity next year!

  • @alexalex-ff2fi
    @alexalex-ff2fi 3 года назад

    Autor is absolutely wrong with inventory statistics. In comparison to the beginning of 2021 used boats inventory jumped up almost 200%. Owners just don't want to go with boat dealers. 99% of sales are private through the websites.

  • @josephkordinak1591
    @josephkordinak1591 2 года назад

    The boat market like everything else is stupid. I am in the market for a used boat and prices are stupid .

  • @tonydavis5053
    @tonydavis5053 2 года назад

    I have purchased 4 boats in my lifetime it has never been a time where it made financial since and the economy gets shaky every 10years, but boating is fun unfortunately it has become fun for the wealthy.

    • @tonydavis5053
      @tonydavis5053 2 года назад

      @@BoatBuyersSecretWeapon but because I'm a long term owner I've done well resale wise and I've only bought new, the warranty has been nice to help you settle into ownership.

  • @vincenienaber5918
    @vincenienaber5918 3 года назад

    Colbalt boat’s good as they say.

    • @vincenienaber5918
      @vincenienaber5918 3 года назад

      @@BoatBuyersSecretWeapon no I didn’t know you did one

    • @emmanuelmeyermeyer1083
      @emmanuelmeyermeyer1083 2 года назад

      Yes they are built with longevity and quality in their building process.

  • @robertg3592
    @robertg3592 2 года назад

    Forget Covid. $6.00 gas. Too expensive to tow and use. Thank Slojoe.

  • @bryanw.richter3584
    @bryanw.richter3584 2 года назад

    Covid in US started in Feb 20 not 19

  • @patrickkeenan8109
    @patrickkeenan8109 3 года назад

    Great conversation, but you never gave us your opinion. I am holding onto my 2019 purchase and will hold on my next upgrade.

  • @michaelc424
    @michaelc424 2 года назад

    Yes prices may be high due to demand, but inflation will be a greater upward force going forward. So the Dollar I spend today may well look like a good deal in three years. Inflation is not a figment of our imagination. It is real and has pent up potential accumulated over the last decade. We shall see.

  • @michaellotz7875
    @michaellotz7875 3 года назад +1

    Stock broker since 1990, there is no greater indication of the overall market than boat prices and demand. When boats go crazy, it's time to go to a safe harbor financially.

    • @michaellotz7875
      @michaellotz7875 3 года назад

      @@BoatBuyersSecretWeapon This is an interesting time. I wish I had the definitive answer. Boats depreciate. when they don't, it's time to tighten your belt.

  • @whatsup7253
    @whatsup7253 3 года назад +6

    Let's Go Brandon

  • @jimmywarren6685
    @jimmywarren6685 3 года назад +3

    The market is going down because the economy is going to go down. There is no way this economy is not going to tank with all that is going on. DON"T BUY A BOAT NOW...wait til next year and get a boat for less.

    • @FinSmoked
      @FinSmoked 2 года назад

      Except you wont be getting it next year cause next years models have been sold.

    • @jimmywarren6685
      @jimmywarren6685 2 года назад

      @@FinSmoked Just wait and see...all of these boats are NOT going to be sold.

  • @chriseisele9969
    @chriseisele9969 2 года назад

    Thank you for sending me utube link

    • @chriseisele9969
      @chriseisele9969 2 года назад

      Any recommendations for aluminum boats.

    • @chriseisele9969
      @chriseisele9969 2 года назад

      @@BoatBuyersSecretWeapon thank you for your time Chris

    • @chriseisele9969
      @chriseisele9969 2 года назад

      @@BoatBuyersSecretWeapon also im looking at used boats to convert

    • @chriseisele9969
      @chriseisele9969 2 года назад

      @@BoatBuyersSecretWeapon thanks

    • @chriseisele9969
      @chriseisele9969 2 года назад

      @@BoatBuyersSecretWeapon can you send me link? Thanks

  • @sqlb3rn
    @sqlb3rn 3 года назад +1

    Some funny comments there. I bought a boat last March, had nothing to do with covid or the president lol. People looking for anything to blame.

  • @EyesOnlyxx
    @EyesOnlyxx 2 года назад

    Ehhh.. I still bought a boat. 🤣

    • @EyesOnlyxx
      @EyesOnlyxx 2 года назад

      @@BoatBuyersSecretWeapon ya lol I have 5 kids. Money comes and goes. I rather make memory's with my family.

  • @timb7534
    @timb7534 3 года назад

    Too wordy