Tweet
Hello everyone, my name is Sean and I am a potential new Nautique owner. I have one question before I pull the trigger that I was hoping someone could answer. I am about to purchase a 2015 SAN 210, I am curious about how long I will be underneath the boat in terms of negative equity. It will be used for weekend family use with no more that about 50 hours a year. I have heard rumors of the boats holding value for 3 years until they can be sold out of territory then the values take a dive. Can anyone confirm or deny this as I just dont want to make a huge mistake on buying new. Also, do you know any details on what the 5 year warranty might cover or not cover other than the obvious.
-
-
Honestly if purchased new at a good/ great deal it will be 7-10 years negative equity. The new/ used market is continually turning over with MSRP going up significantly each model year. A seven year old boat in pristine condition will have lost approximately 38% to 40% of its original cost. If you are concerned with this I would look for a 6 year old Nautique as the resale market is fairly stable on 2009 and earlier models. JMHO.Last edited by Paxdad; 07-15-2015, 09:08 AM.2008 210 SANTE -
WOW really that long 7-10 before I could sell and get out? I was hoping to trade up or even just sell it and not loose in 4 years. I may have to look at some older models then like you said.Comment
-
Really depends on your particular deal, options, colors and your location. There isn't a nationwide answer for that.
If you were to buy a loaded to the hilt every option 2015 350hp SAN 210 for $105k, 100% financing for 20years... yep you'd be upside down forever.
If you get great pricing, very discriminating on your options, good colors, great financing terms, do quality DIYs on a few cheap(er) upgrades to build in some equity folks wanna see on used wakeboats upon resale, take pristine care and maintenance of your boat, and have an A+++ dealer to help you flip fast and cheap in a few years when you upgrade again.... you can sometimes sell for what you bought it for.... or come very very close.2019 G23 450
2014 G23 550
2013 G23 450
2011 Malibu Wakesetter 247
2007 Yamaha AR210Comment
-
I'm not clear on your question. Are you referring to negative equity wrt your loan? If so, your question can't be answered without taking into account how much you borrowed as a percent of the purchase price and the term of your loan. Or are you referring to resale value being less than you paid (e.g. when you said you want to sell it after four years and not lose). If this is the case, you can count on never selling it for more than you paid (unless you received a promo-like deal, etc).
In any event, the best approach is to estimate what the boat will be worth at various points in time. Look on NADA for current estimated values of a 210 v. its original MSRP at various ages to get the value as percent of original MSRP for boats 3, 5, 7, 10 years old. Then apply that to your current purchase. You can determine how accurate NADA is by contacting folks who have recently bought/sold a similar boat to check real world pricing (...I've always done this when buying/selling used and have found people generally share their actual pricing plus give good information on what they saw in the market). If you have a loan, you know what you'll owe at various points in time, so you can estimate whether or not you'll be under water.
I'm not sure what you are referring to re: 3 years to sell out of territory.
RE Warranty, you can download a copy from Nautique. My experience is Nautique is great wrt honoring its warranty. It does what it says it will do.
FWIW, I've bought and sold two Nautiques and my experience has been better than Paxdad. At 7 years, my last boat (2008 210) sold for 70-75% of what would have been the typical new price when I bought it (ex taxes). But there were unusual circumstances: 1. New boat prices sky rocketed during my time of ownership, 2. PCM replaced the motor with a new one at 3 years...which helped with resale because I had lower than average hours on the motor.
Prior to that, I sold a 1995 Sport after 6 years for approximately 50-55% of its original new price (ex taxes). At that time, Sports were already becoming less desirable because of the shift to v-drives/wakeboarding plus it had 750 hours on it.
A couple of notes: First, I doubt new boat prices will continue to escalate as they have in the recent past. Over the past 5-10 years, there have been a lot of expensive changes that folks have come to expect (surf systems, nicer towers, nicer biminis, nicer factory stereos, LINC/electronic controls, completely hidden ballast, etc). Second, I typically get top dollar because my boats show 95% as nice as what you'll see new at the dealer...except it's 6-7 years old and doesn't have a warranty or the latest whiz-bang features.Last edited by xrichard; 07-15-2015, 10:16 AM.Previous boats:
2015 G23
2008 SAN 210
2002 XStar
1995 Sport NautiqueComment
-
This is excellent info guys, thank you. I guess I should be a little more descriptive on my particular deal. The 210 is roughly 90 out the door with 2.99 apr for 120 months with 10 percent down (only to make payment better and I dont expect to own this one). I will upgrade the audio quite extensively and it will be stored inside and kept in pristine condition. My only concern was that it doesnt drop 20-30 percent in value in the 3-4 years that I have it.Comment
-
Originally posted by Bottlefedsi View Post
Take a look at the resale numbers for existing boats. I think you will find that you will indeed lose at least 20% of your value over the years you mention. Your audio upgrade? Not going to get much, if any, of that investment back. Consider your audio investment the cost of having good tunes in your boat for the time you own it. How about a trailer which you didn't mention. Are you saying you can buy a 2015 SAN 210 with a trailer for $90k? I am a little skeptical.
Don't forget sales tax - what is it 6% in Florida? So $90k + $5.4K (sales tax) = $95.4k less 10% down ($9k) = $86.4k over 10 years your payment is $834. In three years you will still owe $62.5k. Assuming 20% depreciation your boat might be worth $72k so you may still have some upside. Again - the money you put into the audio equipment will have a negligible impact on resale value.
Stored inside - most guys with $100k boats store them inside. Who is going to spend $100k and let their boat sit out in the weather?
Good luck with whatever decision you make. I personally would look for a 2 year old model and be the beneficiary of letting the previous owner take the depreciation hit.Comment
-
Not to pick on a current owner who is trying to sell, but here is a perfect example of how these boats depreciate. This is a 230 not a 210.
http://www.planetnautique.com/vb5/fo...ss-only-27-hrs
Assuming he paid $114,731 and he gets his current price of $84,900 he will have lost over 25% of his value in one year (going on two).Last edited by a0128; 07-15-2015, 04:29 PM.Comment
-
I was afraid that the price was missing a few details, turns out the trailer is 5k extra. I think I will stay with my current boat and then just wait for a 2014 210 next year. Thanks for all the info guys.Comment
-
A0128 is right. You will not see much value in your upgraded stereo when you resell. It may help a buyer select your boat over another, but you won't see much of a return on the investment. Also, I would spend an extra 1k on a top of the line trailer. (Very little cost to help re-sell when time comes). Nicer wheels/tires, disc brakes on both axles, etc.
A good bimini/cargo rack seems to be a safe bet, and obviously NSS (I think that will be a big factor for years to come as more people are able to surf than wakeboard without getting hurt, lol)
I personally would not get the factory underwater lights - they have improved but I believe you can get Shadow Caster's which IMO are better, for close to the same price. I just sold a boat that had 4 year old, often used Shadow Casters - and they still work flawlessly.
Heater is a kicker for me, even in Florida, to have a heater for the chilly nights is nice (for the ladies)
Color (IMO) is huge for resale. While a boat with 'eye catching' colors might be neat, I believe that the more traditional/richer looking colors make for an easier resale.
Engines: Not sure I can comment on this as I have not had the opportunity to use any of the newer boats. I prefer a sea water called boat for the simple fact that there are less parts to maintain/go wrong.
At any rate, as long as you take superb care, at least you can have confidence that Nautiques seem to do better at holding value than others.Comment
-
I'm not sure your assumptions are in line. Hopefully he did not pay list for the boat. Also this is someone that obviously needs to unload the boat. Two biggest factors when trying to determine profits and losses or break even. The majority of this is determined when you buy not when you sell. When you do sell do it when you want to not when you have to. If you control both of these you should do fine unless the economy take a major dump again. This of course is considering a cash purchase. This is all determined based upon dealer location, time of year and number of boats dealer has on floor plan. Last year but at the end of august I could of been out the door in a brand new 210 far less 90k.Originally posted by a0128 View Post
To the OP
Control the two main points above and you will be fine. My guess the Orlando/ Florida market is quite different as you can boat year round. If your truly concerned about all of this why the stereo upgrade? It will help sell the boat but you want get your money back. I do think you will do good with the right upgrade though. Just don't go with the cats meow. Less is more. Most people do ok when they spend what they would of spent on the basic oem stereo but instead do it themselves aftermarket. As people have stated color is the biggest. I feel it is the same as selling a house-stay neutral. In regards to engine many will differ here but probably not too much with a 210. You will do best with the 343. Dealers will ask for more and get it but when it comes time to resell you want get it from the majority. Many people make the mistake of thinking the majority of people search sites like this. The reality is they don't and if they do they don't spend the appropriate time sorting through all the info. However it is possible to get a great deal on a 409 but make sure it is. Last year I could but it was the wrong color. And that is how I will put it. In my opinion put a nice looking neutral color boat with a 343 and a look at me bright color boat with a 409 at the same price with all the same options not all but the majority of the buyers out there will choose the right color.
Bottle just saw that price now doesn't include trailer. Again I don't know the entire deal or your market but if you are happy with the 90k price here is my suggestion. Thank the dealer for their time but let them know what you thought the deal included and apologize. Then tell them if by chance the boat doesn't sell and you can honor the 90k price with trailer I will come in that day and buy. Let them know you look forward to seeing them again but you are going to be looking at used boats today. Also maybe speak with sales manager vs. sales rep. Also why not by the boat posted above. That is a very good deal. Finally keep the boat out of salt water.Comment
-
Honestly I've had many boats in my time most are never an investment in which you get any return on. My opinion is figure out what your willing to spend or cost of ownership for the period of time you plan on having the boat and make a decision. Nautique typically holds their value better than most after 5 years in my opinion. Build quality and types of owners that usually take very good care of them drive that I believe. You said trade up in the post. I've heard that the cost of ownership is about 6 to 10k per year on new boats.
in our family it's a lifestyle. We don't have new cars and a huge house but we will always have a boat payment so I just want to be in one that I can afford the payment and have enough equity in it so that I can sell it and be free of it if need be quickly. I that's not the most "financial" advice but if you asked an advisor he would tell you to never buy a boat.Comment
-
Thanks to all who replied to this post, it's nice to see people who truly take the time to lend some old advice. I think I will keep my current boat this year and try to pick one up cheaper during the winter months.Comment
-
Ment good advice not old advice, **** you auto correct
Comment
-
What boat are you in now? Why not pick up a very lightly used 2014 210 and let someone else take the hit? There is a great looking 2013 listed on here for low $70's, shockthis has it listed. That boat will be worth that, or close to it in three years easily. Just trying to understand the need/reason for brand new if equity and cash position is an issue. We bout our 2013 in 2014, a year old with 18 hours on it with trailer and nicely loaded for $76k. Could sell it in our market for low $70's today.
Sent from my iPhone using TapatalkComment
Comment