1 hour ago, DAI said:

 

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. 

I have not closely followed what's happening on the ground but if we are talking huge numbers of boats and Tommy's is out of trust, then I'd be surprised if the bank doesn't have say over the sales or that a receiver has not been appointed to control the sale of the collateral with court supervision.  And if there are creditors owed money in addition to the bank then the person or entity controlling the collateral sale could/would most likely have some duty to reasonably maximize value to protect all creditors.  I am sure it is a complicated mess.  

Can anyone help lead me to the location of the thermostat on a 2015 Indmar Monsoon 409SS and its difficulty in changing.  Seems like it should be an easy job if can get to it.  I have a picture of where I think it is but not sure how to post it here?

3 hours ago, The Hulk said:

Seems Malibu is the one with the problem here and uncle Sam isn't bailing BU out.

Looking specifically at the Tommy's issue--and without any specific knowledge--if the boats have been delivered then the factory was most likely paid either at the time they were loaded on the truck or when they were unloaded at Tommy's.  So the factory has already sold (and been paid for) every boat at issue.  Which doesn't mean Malibu doesn't have problems, but getting paid up front for the Tommy's boats isn't likely one of them.

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.