Go Back  The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > The Boating Forum
Reload this Page >

Freeman Boats purchase makes financial sense

Notices
The Boating Forum

Freeman Boats purchase makes financial sense

Old 03-28-2019, 08:48 AM
  #21  
Admirals Club Admiral's Club Member
 
Join Date: Mar 2016
Location: Ocean City, NJ
Posts: 522
Received 90 Likes on 54 Posts
Default

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.
Old 03-28-2019, 08:52 AM
  #22  
Senior Member
 
Join Date: Aug 2012
Location: Miami Beach
Posts: 775
Received 421 Likes on 224 Posts
Default

My wife keeps telling me her Hermes bags are better investments than the stock market, she might be right but she never sold one...
Old 03-28-2019, 08:52 AM
  #23  
Senior Member
 
Join Date: May 2009
Location: the 727, FLA
Posts: 2,653
Received 79 Likes on 39 Posts
Default

I just want a best friend with a Freeman

any takers?
Old 03-28-2019, 08:57 AM
  #24  
Senior Member
 
Join Date: Sep 2013
Location: UsA
Posts: 1,647
Received 406 Likes on 268 Posts
Default

Is there an infinite number of people who want to spend 700k and wait 3 years to go fishing?
Likes:
Old 03-28-2019, 09:00 AM
  #25  
Senior MemberCaptains Club Member
Thread Starter
 
Join Date: Jan 2002
Location: Ocean Isle Beach, NC
Posts: 2,153
Received 893 Likes on 391 Posts
Default

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.
Old 03-28-2019, 09:04 AM
  #26  
Senior Member
 
Join Date: Mar 2016
Location: Calusa territory
Posts: 229
Received 42 Likes on 31 Posts
Default

....until the next boating fad hits...
Old 03-28-2019, 09:07 AM
  #27  
Senior MemberCaptains Club Member
 
Join Date: Oct 2002
Location:
Posts: 719
Received 257 Likes on 117 Posts
Default

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.

Likes:
Old 03-28-2019, 09:38 AM
  #28  
Senior Member
 
Join Date: Oct 2011
Location: Mid Atlantic
Posts: 960
Received 221 Likes on 144 Posts
Default

As long as we're talking about can't-miss financial propositions, I got an email from a Nigerian prince the other day...
Old 03-28-2019, 09:38 AM
  #29  
Senior MemberCaptains Club Member
 
Join Date: Jan 2007
Location: Tampa Florida
Posts: 7,039
Received 3,292 Likes on 1,896 Posts
Default

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!
Old 03-28-2019, 09:39 AM
  #30  
Admirals Club Admiral's Club Member
 
Join Date: Jun 2009
Location: Orlando
Posts: 1,317
Received 70 Likes on 41 Posts
Default

wait til the housing market and stock market go into a recession and you'll see how remarkable their resale values are
Old 03-28-2019, 09:46 AM
  #31  
Senior Member
 
Join Date: Mar 2009
Posts: 905
Likes: 0
Received 57 Likes on 30 Posts
Default

Regardless of whether the OP is correct or not, this is probably the douchiest post I’ve read all year.
Old 03-28-2019, 09:48 AM
  #32  
Senior Member
 
Join Date: Nov 2004
Location: Rudee Inlet
Posts: 1,838
Received 229 Likes on 133 Posts
Default

Agreed
Old 03-28-2019, 09:49 AM
  #33  
Senior Member Admiral's Club Member
Marine Advertiser
 
Join Date: Nov 2012
Posts: 2,443
Received 979 Likes on 396 Posts
Default

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...
Old 03-28-2019, 09:50 AM
  #34  
Senior Member
 
Join Date: Jan 2015
Posts: 667
Likes: 0
Received 402 Likes on 192 Posts
Default

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.
Likes:
Old 03-28-2019, 09:54 AM
  #35  
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Jan 2005
Location: Suburb of Sugar Tit SC
Posts: 14,968
Received 9,507 Likes on 5,159 Posts
Default

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.
Old 03-28-2019, 10:09 AM
  #36  
Senior MemberCaptains Club Member
 
Join Date: Aug 2001
Location: Baton Rouge, LA
Posts: 9,268
Received 1,272 Likes on 460 Posts
Default

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.
Old 03-28-2019, 10:11 AM
  #37  
Senior Member
 
Join Date: Jan 2015
Posts: 667
Likes: 0
Received 402 Likes on 192 Posts
Default

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.
Old 03-28-2019, 10:14 AM
  #38  
Admirals Club Admiral's Club Member
 
Join Date: Mar 2017
Location: NE Florida
Posts: 1,137
Received 406 Likes on 210 Posts
Default

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?
Likes:
Old 03-28-2019, 10:17 AM
  #39  
Senior MemberCaptains Club Member
 
Join Date: Apr 2007
Location: Miami, FL
Posts: 3,218
Received 495 Likes on 295 Posts
Default

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.
Old 03-28-2019, 10:22 AM
  #40  
Senior Member
 
Join Date: Jan 2015
Posts: 667
Likes: 0
Received 402 Likes on 192 Posts
Default

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

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.