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Freeman Boats purchase makes financial sense

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Freeman Boats purchase makes financial sense

Old 03-28-2019, 08:48 AM
  #21  
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Originally Posted by Sarasota Line X View Post
I got offered $200k plus what I got into my 42. I turned it down as what would I do with it. I wake up every day and go to work. It might be $100 or $500 but I see it as the same its money. You can not replace time and my family loves FatBottomGirl. Yes buying a Freeman makes perfect sense!!
Yeah - I'd be calling Billy and tell him to add me to the list if this was the case.
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Old 03-28-2019, 08:52 AM
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My wife keeps telling me her Hermes bags are better investments than the stock market, she might be right but she never sold one...
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Old 03-28-2019, 08:52 AM
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I just want a best friend with a Freeman

any takers?
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Old 03-28-2019, 08:57 AM
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Is there an infinite number of people who want to spend 700k and wait 3 years to go fishing?
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Old 03-28-2019, 09:00 AM
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Originally Posted by halfwaythere View Post
Is there an infinite number of people who want to spend 700k and wait 3 years to go fishing?

No, but there were 19 people who put Freeman deposits down apparently at a recent Florida boat show.
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Old 03-28-2019, 09:04 AM
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....until the next boating fad hits...
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Old 03-28-2019, 09:07 AM
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Originally Posted by MacCTD View Post
Skeptical, seems like lots of people buy new high end expensive boats and then sell them less than a year later for the same boat, I think there is some financial stuff going on between the builders and some of these short term "owners" that is not being disclosed to the public.
I don't think that's what is happening.

The boats are getting delivered three years after they go under contract at an agreed upon price. If the owner sells it a year later, that's four years after the boat went under contract.

Even at a nominal 5% price increase per year, the new boats are selling for more than $100,000 than what the original owner paid. If Freeman is raising their prices more than 5% (say 10%) per year, that's nearly a quarter million dollars in price increases for a 42 foot boat over 4 years.

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Old 03-28-2019, 09:38 AM
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As long as we're talking about can't-miss financial propositions, I got an email from a Nigerian prince the other day...
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Old 03-28-2019, 09:38 AM
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Originally Posted by Jeopardy954 View Post
....until the next boating fad hits...
have to agree with this! its good now, just dont get caught with your pants down!
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Old 03-28-2019, 09:39 AM
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wait til the housing market and stock market go into a recession and you'll see how remarkable their resale values are
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Old 03-28-2019, 09:46 AM
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Regardless of whether the OP is correct or not, this is probably the douchiest post I’ve read all year.
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Old 03-28-2019, 09:48 AM
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Agreed
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Old 03-28-2019, 09:49 AM
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Originally Posted by PelagicHunter View Post
wait til the housing market and stock market go into a recession and you'll see how remarkable their resale values are
This is why the Freeman is the perfect investment vehicle! You can drive it to your new house and even in the last recession the rich were still buying...
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Old 03-28-2019, 09:50 AM
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Why does Freeman leave that much $ on the table? 200K over is more mark up than most dealers have on a boat of this cost. I understand LineX's point that it is his and his family's life style and he isn't willing to sell it even for a 200k profit but if I were Freeman the wait time would drop with higher pricing and another set of tooling or whatever is the hold up.
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Old 03-28-2019, 09:54 AM
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Originally Posted by Perf40 View Post
Why does Freeman leave that much $ on the table? 200K over is more mark up than most dealers have on a boat of this cost. I understand LineX's point that it is his and his family's life style and he isn't willing to sell it even for a 200k profit but if I were Freeman the wait time would drop with higher pricing and another set of tooling or whatever is the hold up.
I don't think that they are. I think that the 200K represents what some folks are willing to pay to not wait in line. If the factory were able to crank them out with a 3 month lead time the willingness to pay that premium would largely disappear. If capacity at the plant increases that margin will thin.
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Old 03-28-2019, 10:09 AM
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I don’t know the specifics on freeman sales, but I can tell you that Prowler sold the shit out of some boats at the show. I’m amazed that there’s sooo many people out there with the cash to do this. And they’re willing to wait too. The economy is strong. Very strong, but when it recesses a little the boats are one of the first things to go. Hopefully people aren’t overextended buying these. It’s interesting for sure.

Freeman had probably the “bullest” market, but I can tell you that people are making money on many brands right how. Both my Prowler’s sold for more than I paid and I’ve alreadt had offers on my Contender for over what I paid. Several friends with YFs are selling boats they bought used a few years ago for a premium also.

The rising cost of new is driving the used prices up simultaneously.
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Old 03-28-2019, 10:11 AM
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I understand supply and demand but it's a balancing act and while the Invincible may not be the one that will take the crown from Freeman there will be another boat that will, at some point, be a better option than waiting 2-3 years. How long does it take to get a Compmillinia or maybe a Berky some day? The MPYD boat that Barker hasn't pulled off is still out there too.
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Old 03-28-2019, 10:14 AM
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Originally Posted by Kendall View Post
No, but there were 19 people who put Freeman deposits down apparently at a recent Florida boat show.
A $10k deposit isn't a sale and means absolutely nothing.

How many Freeman's are coming out of the factory and being delivered compared to Invincible?
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Old 03-28-2019, 10:17 AM
  #39  
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This is the dumbest post I've seen in a while but I guess investors need to keep the hype up. Sounds like a penny stock pump and dump method. Freeman puts out a few boats a year while INV is cranking them out 10 times over. And they have a dealer network so the dealer is not paying 700K for the boat. They are making 15-20% on those even discounting the price. You are comparing two different business models here.

I do not own either brand but the last place I would invest my money is in any boat period. Especially when you are talking about 500-700K. It is much better off in real estate, stock market, etc..

Sarasota must be a rich man not to take 200K over the total invested in the boat. It takes a lot of effort for someone to save 200K or to even make 200K. These statements are only warning signs of what's to come.
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Old 03-28-2019, 10:22 AM
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Look at the photos of LineX and his family on the boat.

Last edited by THT Mod 11; 03-28-2019 at 01:01 PM. Reason: removed insult
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