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Glut of very expensive used boats

The_MSThe_MS Posts: 5,527 Member of the BallOfSpray Hall Of Fame
edited September 2019 in Boat Talk
Is it just me or are there way too many expensive used boats out there?
Get ready for a big crash IMO
Shut up and ski


  • DockoelbotoDockoelboto Posts: 107 Baller
    as someone recently in the market for a used boat it was very difficult to find one that was reasonably priced. People want insane money for 20 year old boats. My guess is that as new boats are soo expensive that people think their used boat is worth way way way more than it normally would. I had a 95 prostar 205 I bought in 2008 for 11k. Sold it in 2014 for 10.5k, now I see that same boat listed for 15-20K in WA. crazy.

    A crash is coming.
  • bigskieridahobigskieridaho Posts: 939 Crazy Baller
    I don’t think things are going to change as long as new boats stay in the ridiculous price range. A lot of us buy boats out of state due to price or what we want, however people in states like I live in (Idaho) people don’t want to drive to get boats so they pay more money and buy them here. There is always the buyer that loves the boat and will pay the money for it not wanting to shop around.
  • jepskijepski Posts: 39 Baller
    The price of new boats can be close to the cost of lakefront lot, condo or home (obviously that varies bases on a lot of factors). Seems crazy to me. I recently hung out with a group of young professionals that were discussing the surf characteristics of the big three brands, and I’m thinking “you guys realize you’re talking about $150k+ boats for a “sport” that needs about 11MPH?”
    MasterCraft is cutting projections/production for 2020:
  • vtmechengvtmecheng Posts: 665 Crazy Baller
    Being in the market for a used boat, it is crazy what some 15 year old boats are going for. The closed bow and step-over bow boats can be had for $15k but going to a walk-through causes a big bump in price. I have a radius that I'm willing to go and I don't mind waiting for a good deal but can understand why someone would get frustrated and just pay the extra money on something closer and currently available. If a recession does happen in the next year, that will be the time to snag a nice used boat.
  • nam1975nam1975 Posts: 140 Baller
    I bought my 99 in 2009. Bad market at the time, but I probably wouldn’t lose a nickel if I sold it today.

  • jjackkrashjjackkrash Posts: 597 Crazy Baller
    That is the way it works with these boats. The new boats get more and more expensive and the well-kept, low-hour used-boat market gets propped up. The market has acted that way for as long as I can remember, although there was a point in and around the great recession where both the new and used market took a pretty good hit.
  • ClydesdaleClydesdale Posts: 43 Baller
    I’m in the market and looking for a zero off boat. Maybe it’s just me, but that seems to be a big factor between really expensive, and reasonable. Almost anything with zero off is 40k, most are 50+. Find something a year or two older w pp and it’s half the price. I’m hoping nautique 200 owners will get anxious to upgrade to the new hull and start pushing prices down. So for now I’m sticking with my old malibu....
  • DockoelbotoDockoelboto Posts: 107 Baller
    I felt very lucky to get a 13 TXi with average hours and ZO for 35k. It is overall in great condition other than a few cosmetic blemishes. An 05 Lxi with low hours sold for 30K nearby. Some other guy just posted an 06 LXI for 35k. Insane prices for >10-15 year old boats.

    Truth is that all boats are only worth what people are willing to pay. For now, people are or have been willing to pay more for local boats. If you are selling, the PNW seems to command high values for old boats. Just FYI.
  • jjackkrashjjackkrash Posts: 597 Crazy Baller
    @clydesdale, I don't think it is going to work that way. I bought my 2016 new for around $60k with a 5.3l loaded and a tandem axle trailer, and, while it looks like I could still get around that (or at least close) for my boat, its tough to throw down an extra $30-40k plus 10% sales tax for the new model when my 150 hour boat is still in like new condition. And I certainly would not fire-sale my boat to upgrade (even though I do want one of the new boats). We'll see what happens when the promos come off lease, where the used prices actually settle. I am betting they start going for closer to $80k than a $100k, then we'll see where the used 200s fall in line.
  • BjkeslerBjkesler Posts: 20 Baller
    Here’s the invoice for a new nautique I bought in 1974
  • Jerry44Jerry44 Posts: 54 Baller
    @Bjkesler I paid 9,000 for a new Nautique in 1980
  • vtmechengvtmecheng Posts: 665 Crazy Baller
    $9,000 in 1980 is roughly equal to $28,000 today. Think about that.
  • dave2balldave2ball Posts: 672 Crazy Baller
    I don’t see the Nautique 200 coming down any time soon. The new Nautique promos are goin for high 90K. To the average competitor is the additional 40k or so worth it? If it is the bigger motor you looking for a repower would be cheaper.
  • Jerry44Jerry44 Posts: 54 Baller
    @vtmecheng No question boats have outpaced inflation but it didn't just start yesterday.

    20,000 for a 1993 Nautique

    30,000 for a 2002 (1 year old) Nautique.
  • bananaronbananaron Posts: 347 Crazy Baller
    Plenty of good buys on older and even newer boats right now.My local nautique dealer has a brand new 200 with a phoenix trailer and high end stereo for $63,000.
    Ron Engblom Brainerd lakes,minnesota
  • nam1975nam1975 Posts: 140 Baller
    Some people list their boats kind of high, but not outrageous, hoping someone will come along.
    I know of an 09 SN 196 that’s been “for sale” for 3 years.

    You’d be surprised what they’ll take on an offer. If it’s a broker boat on consignment, no shame with a low ball offer.
  • vtmechengvtmecheng Posts: 665 Crazy Baller
    @nam1975 to your point, there's been an 04 Response LXi with 800 hrs for sale since January at a dealer asking $23.9k. They obviously have no desire to really sell the thing.
  • TryathleteTryathlete Posts: 20 Baller
    I tried to find a reasonably priced Ave hours Nautique 200. I gave up and bought an 08 Prostar 197TT. I saved $15-$20k. If I do upgrade it will be in 3-4 years.
  • BrennanKMNBrennanKMN Posts: 517 Crazy Baller
    Personally I think there are plenty of decent used tugs out there. Sure, things are more expensive than they were in the 80's, but everything is. You just cannot expect to get the last hull iteration.

    You can get into ZO boats for under $30k easily now and if speed control isn't a huge issue you can get into boats that are on par with modern hulls for $15k.
  • vtmechengvtmecheng Posts: 665 Crazy Baller
    @BrennanKMN I agree that an early 2000's 196 can be had for around 15k with PP, seems there's little desire for closed bow on the used market. Open bow seems a bit more on the high side right now though. If I had to guess, the market is on the high side right now. Just looking history (no politics intended) we will have a recession in the next year or two. That will be the time to buy into a first boat, motorcycle, ATV, or other toy assuming you are not impacted by the downturn.
  • bananaronbananaron Posts: 347 Crazy Baller
    @Tryathlete Not sure what you paid for the 197 however there are some nautique 200 boats priced right.
    Ron Engblom Brainerd lakes,minnesota
  • aupatkingaupatking Posts: 1,447 Mega Baller
    I’ve got a “97 196 with PP stargazer that I’ll let go of for $10k. I may even sell my “02 ZO 196 too and get @bananaron to find me a good 200. ;)
    There are a ton of them for sale right now. It very well may be shifting to a buyers market but, come on guys, it’s that time of year. We see this every year. Once Minnesota is closed for business, the ski boat selling market hits a big slump.
  • swc5150swc5150 Posts: 2,348 ★★★Triple Panda Award Recipient ★★★
    I'm really curious on the resale of the new SN. Those seem to be stacking up on SIA and on dealer lots around the country.
    Scott Calderwood
  • jjackkrashjjackkrash Posts: 597 Crazy Baller
    @swc5150, that's the big question. I really want to see where the used market shakes out on the new boats with the big engines coming off promo lease.
  • BrennanKMNBrennanKMN Posts: 517 Crazy Baller
    @swc5150 I am betting it will be a hard sell. That boat is a 100% dedicated 3-event towboat. 95% of buyers are weekend worriers who need a boat that can do more than just tow skiers. The ProStar, TXi and 200 accomplish this goal much better and for a fraction of the cost.
  • Not_The_PugNot_The_Pug Posts: 613 Crazy Baller
    In Fall there are always boats that people are seeing if they can sell before winter instead of storing. This spring, I was helping a local guy try and find a 200, he was looking as far as Florida since he couldn't find one nearby (that wasn't red and there were only 2 in CA). He ended up finding one in Colorado.

    I have a 2019 SN that will be available after College Nationals.
  • UWSkierUWSkier Posts: 1,358 Mega Baller
    Our lake in northern WI has a ton of direct drives on it, but nothing newer than a previous gen TXi. There's not a 200 to be seen anywhere. Handful of 197s, 206s, etc. For the family on a public lake, the new boats just aren't where it's at from a design perspective. Real users need storage space and like things like trunks, sundecks, etc.

    The utilitarian trend started with the 200 doesn't translate well to family runabout detail. These are the buyers we need to keep the top of the market healthy. They're being turned off of DDs and are buying v-drives instead.
  • swc5150swc5150 Posts: 2,348 ★★★Triple Panda Award Recipient ★★★
    @BrennanKMN Agreed on the utility part of the SN, I'm just curious if there are in fact used market buyers out there for them (at the substantial price)? It's likely too early to tell, but there also looks like zero movement from what I'm seeing anyway.
    Scott Calderwood
  • epnaultepnault Posts: 331 Crazy Baller
    I never thought I would ever buy a new DD ski boat until the new ProStar came out. I wanted it because I like to ski the course - nothing else. The rest of the family was OK with it because it had lots of room, a tower option, front seats (w/cover), and latest creature comforts like heated seats. I think the used market is strong because as previously mentioned the new boats are pricey but also there was a huge decline in volume of DD boats built from the early 2000's till now. Maybe with all the big 3 back in the game with new hulls this has turned around but the supply/demand in the used segment still has not.
  • Growing up my dad thought skiing was a waste of time. I cond him into a new 85 HP Mercury on the family tri hull and later talked him into allowing me trade that terrible boat for the best boat I could find. At age 15 I decided one day I would own only the best. For me it's a new MC, but I could be just as happy with a Nautique or Malibu. I sale as often as I can and think the new boats are just awesome. Heck I wish I could justify owning one of each brand.
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