10 minutes ago, oldjeep said:

Maybe silly question, but 5k ship/prep would drop the 30% to what?  5k on bazillion dollar boats is not all that significant.  Still have a hard time wrapping my head around boat prices - daughter just bought a 3br/2ba house for under what some of them cost.

These boats are nice but you definitely can’t live in them.  That said I do know quite a lot of younger people who (because of the housing market) plan to stay with parents but make enough money to buy boats and other toys rather than waste money on crazy overpriced starter homes.  One friend of mine started spending money on high end cars, flipping them and is now driving exotics and supercars.  I met him at a beach out boating.  He liked my Bu and was considering expanding that business into the high end marine side of things.  He ended up sticking with lambos annd Ferraris and recently bought a house in Miami with the profits.  Many roads to wealth!

19 minutes ago, tjklein said:

Tommy's is local to me and where I bought my last boat, which was actually Waterski America then. (they were solid, worse since they got bought out)

Anyway, they sent me 2 quotes and they were just over 30% off, but close to $5k for shipping and prep. This was on a '23. Not a great deal considering the situation.

Maybe silly question, but 5k ship/prep would drop the 30% to what?  5k on bazillion dollar boats is not all that significant.  Still have a hard time wrapping my head around boat prices - daughter just bought a 3br/2ba house for under what some of them cost.

Tommy's is local to me and where I bought my last boat, which was actually Waterski America then. (they were solid, worse since they got bought out)

Anyway, they sent me 2 quotes and they were just over 30% off, but close to $5k for shipping and prep. This was on a '23. Not a great deal considering the situation.

Is there any chance the US gov bails out M&T then takes all the Bu’s and sends them to Zelensky’s war effort? A fleet of militarized Bu’s would probably be money well spent compared to the rest of the war effort so far 🤣.

9 hours ago, The Hulk said:

Why would any of you think M&T is ready to wheel and deal yet? This just happened and the boating season is just beginning..

Wait till end of season ..well actually later when they get desperate and want to write off their losses! The real deals are far off ie the 50-70% off ones

They have to make 4%?? Ha banks would die to make 2-3% right now with massive deposit flight due to Uncle Sam tax time just hitting.. banks are mostly already insolvent I'd sit back and wait..  

I feel bad for Malibu dealerships this is going to steal a lot of sales away that they won't be able to match in the near future.. as those dealerships continue to finance their sales price will rise causing problems for 2025 model price vs unsold 2024 prices.

This is NOT an insignificant amount of inventory given the current economic conditions..  if current trends continue this could equate to 50% reduction in Malibu unit sales since Tommys was already 33% during the good times... 

 

 

 

 

 

22 minutes ago, Sixer said:

I guess I don't understand how these things work, but in my mind they should see the writing on the wall and be pricing a little more aggressively than they currently appear to be.  Everyone is aware of the lawsuits, and the current situation around Malibu.  Huge inventory at Tommy's, and there are a lot of guys on here who can get 30% off a custom build with their local dealers.  Why would anyone buy from Tommy's at the same/similar % off with no guarantee of dealer service?  Lots of boats sitting on lots.

I don’t see a bank waiting for an end of a season to put this behind them. They are not in the business of selling boats, and this is just a headache and distraction.