Advice on buying a boat?

swooopeno

New member
I'm planning on purchasing a boat in the next couple weeks. Probably get a new one, since used ones here are overpriced.

Just wondering if it is like buying a car?
Are negotiations the same?
Can I walk away from a deal or will they just not care?

I'm planning on a 18 or 21' sport boat w/ V6 or V8. Prices seem to be around the mid-20's (MSRP). I can't seem to find 'invoice' prices for any boats.

Should I expect to pay MSRP or 10/20/30% less?

Anyone know a good boat site that might answer these questions?

thanks in advance
 
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Advice: BUY MINE!

2003 Sea Ray 182BR, 4.3 V6, 18.5', barely used....like brand new :D




If not, I don't know of any boat buying sites, but in my limited boat experience, boats seem to have a bit more margin in them than cars.....whether or not they'll give it to you probably depends on the dealer/manufacturer/area. Negotiations seem basically the same.

Good luck on the purchase, boats are fun :cool:
 
A boat in Phoenix, sounds like a small market to me. In a smaller market, dealing may be out. Here in Atlanta there is a place that sells boats, but is 2 hours away. It is worth it just to drive down there. I bought 2 motors and saved thousands.

I would check on-line and talk to other people. There may be another dealer out there.
 
Definition of BOAT

BOAT - A hole in the water into which money is thrown.

Anyway, I have no idea what a fair price for a boat might be. I just like that definition of a boat:D
 
Try to visit a boat show. Get a look at several boats at the same time. Quality and prices can vary greatly. You still may be able to find a deal on a 2004.

I've never bought a new boat.

You can also try auctions if you know what you are looking at.
 
Re: Definition of BOAT

ToolmanJohn said:
BOAT - A hole in the water into which money is thrown.

Anyway, I have no idea what a fair price for a boat might be. I just like that definition of a boat:D

Another definition of BOAT:

Break Out Another Thousand $
 
check out the boat show

You can get some great deals at the show, including getting a trailer for next to nothing.

Be clear what you want the boat for (fishing, overnighting, water skiing/toys), and how many people will be on the boat at one time. Check out the manufacturer warranty and ask lots of questions about the construction of the boat. A friend of mine bought a new Stingray about 5 years back, and within 1 year the gelcoat was blistering. Stingray refused to do anything about it, so he ended up going to court. The good thing was after 2 years, he ended up paying about 8k for a 19' bowrider (retail is about 15k). The bad thing is that it still has the blisters and has little to no resale.
 
Re: Re: Definition of BOAT

Woodbert said:
Another definition of BOAT:

Break Out Another Thousand $

The 2 happiest days in the life of a boater:

1) The day he buys a boat.
2) The day he sells that same boat.
 
ahhh... I was hoping for POSITIVE responses... looks like I'm out of luck. So is the reason people are 'anti-boats' is because they have had to dump $$$ into them? Is it because they used the boat a lot at the beginning, and then not much after that? I've heard all the stories, and still seem to think I will be using it often enough for me to justify an extra 200-300/month.

I'm getting sad.....
 
boats are a great way to spend disposable income

Like cars, boats can be a fun way of spending that extra income. One thing to remember you will never get that money back. If you think cars depreciate fast, boats are even faster!

As far as $$$ goes, $200-$300 plus insurance, plus the extra gas to haul the boat back and forth and the wear and tear on your 4Runner... Estimate that to be more of a $300 to $400 per month loss.

Anyone who has a boat will tell you, they are a lot of fun, but also a lot of work and it is money that you will, most likely, not get much (if any) return on that investment. I think people here have been realistic, not anti-boats.

I use my boat every weekend in the summer. Fishing, mostly on salt water (the worst thing for boats). I spend about $1,000 getting the boat prepped for the season, another $1500+ in fuel each summer, $2400 in finance charges and principle, $500+ in insurance, and then all the extras (bait, food, beer, etc) total about $1000 per year. Final tally, $6400-6500 per year on a boat which is 4 years old. Run the numbers and we are over $26000 for 4 years, and I still have 3 years to finish paying off the boat. Anti-boat?? Naw... Just realistic.
 
Have you seriously looked at the real cost?

Aside from the cost of the boat, the maintenance, the towing, the fuel, the insurance, storage, dock fees, etc. Renting storage facilities or docking? Perhaps you would just leave it in teh driveway with a tarp on it...

Let's not forget the optional equipment, trolling morors, GPS, kicker motors, additional rod holdres, rocket launchers holders, trim tabs, Lenco trim tab motors, down riggers, sonar, fish finders, ethernet hub to combine GPS nad fish finders, combination GPS, sonar and radar, communications equipmment.....

Then comes the maintanenace fees.....how much fuel does it take to run a 27 foot center console? More than it takes to fill up my 4Runer twice...and it burns gas at a HUGE rate. Dry docking to scrape the hulls, repairing outboard motors, OOPPPS! did someone drop a 5 pound cannonball weight from a down rigger on your fiberglass deck? Did that just put a tennis ball size dent and crank in the fiberglass gel coat? OUCH! That will cost a thousand dead presidents to repair.....Same thing when someone drops an aluminum harness plate on the glass deck. Talk about a nice grooved crack.....gel coat getting weather beaten and dull? Then it's buffing time!

Aluminum boats? Glass? Mono or cat? Dedicated fish/ski/cruiser or somes jack of all trades?

Never bought a boat. Learned all about the cost and I'd wait Till I hit the lottery...then it's that 65 foot enclosed bridge Hatteras and a couple of bimbos in thong bikinis feeding me peeled grapes and polishing my....fishing rod....
 
Find the right deal and boat ownership isn't nearly as bad as people make it out to be. My family had never owned a boat before, however, the chance came up to buy a brand one at wholesale pricing and me and my old man split it.

No one says you have to keep the thing forever, and if you can get one cheap enough, you could easily flip it every year or 2 without losing much (if any) money...why not?

Of course you still have to insure it and put gas in it, but those expenses independant of the purchase price and are directly related to how much you actually use the thing. If it costs me $80 combined insurance/fuel costs to run the thing for a sunday....that's just fine considering the fun factor :D
 
Northof49:

I'm glad your post was the last one... it gave me a sense of hope. UNTIL I REALIZED 8 POSTS UP YOU ARE TRYING TO SELL YOU BOAT!!!

Are you trading up or gett'n out of the business?
 
swooopeno said:
Northof49:

I'm glad your post was the last one... it gave me a sense of hope. UNTIL I REALIZED 8 POSTS UP YOU ARE TRYING TO SELL YOU BOAT!!!

Are you trading up or gett'n out of the business?
Hehe mine's lightly for sale, if someone buys it great, if not I'll happily keep it till the fall. Basically, I won't be anywhere near home for most of the boating season, and my Dad (co-owner) puts on maybe 3 hours a season so it will most likely sit in the driveway until August :(

If it sells, we'll buy another Sea Ray within a year......basically the same thing but a 2005. Might go for a 20 footer with a 5.0L if the price is right, but for what I use it for this boat has been more than enough.

I was half assed joking with my first post, but if anyone's interested it IS for sale.
 
swooopeno said:
I'm planning on purchasing a boat in the next couple weeks. Probably get a new one, since used ones here are overpriced.

Just wondering if it is like buying a car?
Are negotiations the same?
Can I walk away from a deal or will they just not care?

I'm planning on a 18 or 21' sport boat w/ V6 or V8. Prices seem to be around the mid-20's (MSRP). I can't seem to find 'invoice' prices for any boats.

Should I expect to pay MSRP or 10/20/30% less?

Anyone know a good boat site that might answer these questions?

thanks in advance

Try to find a large boat dealer even if it is out of your area. Bigger boat dealers are like bigger car dealers, they have to move iron to stay in business. With the money you save you can easily justify the extra hassle of travel/transportation.

Boats are a funny thing, a lot of people buy them thinking that they will use them all the time but in the end just end up spending money (gas, storage, etc) and the memory they have is of the expenses. This is because they really don't have a use for the boat other than to 'cruise around'. They think they will get into tubing, skiing, fishing, whatever.. but if you are not into those things already (or something similar) then I would suggest not buying a boat. It is far cheaper to rent one for the occasionaly use then it is to own one for years.

Having said that, if you are still in the market for a boat (for the right reasons) then a boat can be a lot of fun. I have owned/shared ownership on several boats ranging from a fast jet boat (121MPH family class jet), and an even faster v-drive flatbottom to cruisers (32' carver), to family oriented pontoons and fishing boats. I have always enjoyed the boats even when I was spending horrendous amounts of money on them (> 20K on an engine alone for the race boat). At the time I was spending lots of money on boats (and bikes) it was every cent I had that wasn't part of rent/food/gas. It wasn't like I had excess income to blow, it was just something I was into.

I have never regreted owning, storing, working on, swearing at, driving, towing, or riding in any of the boats I have been lucky enough to have access to, I just like boats/water and everything that goes with them. Boating can be a lot of fun but you REALLY have to make sure you are getting one for the right reason, have reasonable access to the waterways you will be using, and have everyone in the family signed on for the experience (or not) so that there are no regrets from anyone.

Storage can be very expensive and if the wife isn't signed on for the 'boat in the driveway' method of storage make sure you look around at your options. Talk to your insurance agent about your options, check out the boat completely to make sure you understand the running costs, and then make the decision to buy one.

Another thing to consider is that there is a lot of consolidation in the boat building industry these days. A lot of the boats that are available are made by the same manufacturer or consortium of manufacturers, it is a very competitive business and often times you can get the same boat sold under two different manufacturer names at vastly different prices. Make sure you 'right size' the engine that you are buying, don't just go blow money on the biggest engine out there unless that is your thing. most people will get a lot of enjoyment out of a 6 cylinder inboard, other people want the big V8. If you are getting an outboard keep in mind the regulations are getting much stiffer on outboards and you basically should be shopping for a 4-stroke. I know all the arguements about 2-stroke vs 4 stroke but trust me, you will win more friends with a 4 stroke (or make fewer enemies).

Do your research on boats. Outboards are much better these days than they ever were in the past and the market is very competitive. Inboards are basically a mercruiser vs volvo war with fans on both sides (volvo warranty, mercruiser performance).

good luck!
 
I love Boats!

Buddy of mine bought a new Malibu at the end of the season for thousands less than MSRP and they even thru in some free wakeboarding gear. He bought it from a large Marina that sells a ton of boats and it is not uncommon to get good deals at the right time of the year. So far the boat has been very reliable with routine maintanance.

I guess ,like others have suggested previously, just make sure you get the right boat. My family used to own a I/O which is great for recreational skiing and water activities. Once we became more advanced at skiing and then wakeboarding, the old I/O just didn't cut it. We didn't realize that until we got behind an inboard. If you get a chance, go to a dealer that will allow you to take a test drive and even a test pull if you ski.
 
you all have been a really big help. After I take it all in, I think i'll try to find a couple big dealers around here, and see if they will let me take a boat out. For my needs, I think a V6 I/O will be just perfect. So it sounds like the bigger names are maxum, regal, malibu (remember, i'm just looking for a 21' or less)

thanks again!
 

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