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Freeman Boats purchase makes financial sense

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Freeman Boats purchase makes financial sense

Old 03-28-2019, 12:19 PM
  #61  
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Putting buying a boat and financial sense in the same sentence? Then trying to extrapolate 3 years out?

So how long till you sell your Freeman?
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Old 03-28-2019, 12:22 PM
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Originally Posted by Grog View Post
Putting buying a boat and financial sense in the same sentence? Then trying to extrapolate 3 years out?

So how long till you sell your Freeman?
Your right you really need to buy 2 Freeman in order for it to work. Like the old saying goes only then will you be able to have a boat and sell one too. Or was it something about cake.
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Old 03-28-2019, 12:24 PM
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Originally Posted by Reel Irie View Post
I just want a best friend with a Freeman

any takers?

OP prolly has plenty of space on his Freeman... canít imagine there are too many people lined up to fish with him
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Old 03-28-2019, 12:29 PM
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[QUOTE=Bullshipper;12380138]Currently an Invincible costs more because they are selling through their dealers that add their markup. But the dealers also bought product to floor so its a two way street for the company.

Palm Beach show is open all weekend, you can order one today from the factory sales guys. Bill or David can help you pick all the options.

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Old 03-28-2019, 12:30 PM
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They seem like a great investment until the music stops and you are looking to sell one with another going into the mold shortly and you can't give boats away like 2009/2010. I guess only a loss of 10k if you can afford the current boat you have no big deal. I actually bought Kendall's old 31 Contender in 2010 when the economy was bad and sold it 6 years later making a profit on it. He is one that I would imagine can afford the Freeman no problem but not everyone can, that is only 1 brand of boats and they may have a high enough demand but eventually if the supply is greater than demand we will have an issue. Its not reasonable to think that everyone can afford to buy, insure, maintain, repower these quad engine boats when they start to get older not to mention the 300+ gallon gas fishing days that these boats are purpose built for.
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Old 03-28-2019, 12:40 PM
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Originally Posted by Knot Tight View Post
They seem like a great investment until the music stops and you are looking to sell one with another going into the mold shortly and you can't give boats away like 2009/2010. I guess only a loss of 10k if you can afford the current boat you have no big deal. I actually bought Kendall's old 31 Contender in 2010 when the economy was bad and sold it 6 years later making a profit on it. He is one that I would imagine can afford the Freeman no problem but not everyone can, that is only 1 brand of boats and they may have a high enough demand but eventually if the supply is greater than demand we will have an issue. Its not reasonable to think that everyone can afford to buy, insure, maintain, repower these quad engine boats when they start to get older not to mention the 300+ gallon gas fishing days that these boats are purpose built for.
That gas thing is a big one. I remember back in late 2000s a lot of the boats on the bay had triples or quads. Then they all traded them from twins. The triples and quads have started making a come back but for years they disappeared. One of my favorite boats to pass in the bay was a tempest 32 with triples from the 80s. I think they finally moved it but for years it just sat there neglected.
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Old 03-28-2019, 12:47 PM
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Kendall did a good build thread I believe and a Great one on fishing a tournament , he's a good contributor for sure - no reason to be nasty to the guy . That said , this thread's point seems valid but does ring of just talking about Freeman to talk about Freeman like the old SNL bears / coach Ditka sketches ... but hey , I didn't have to read it .

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Old 03-28-2019, 12:48 PM
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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!!
Line X, I have always enjoyed your pictures and building threads, however, I think your statement proves why Freeman is not a good investment. As you stated, "You cannot replace time" so with a Freeman deposit you are losing three years of fishing, riding, family fun, etc. . That is a big lost for us southerners, but even greater for the northerners who only have a small window of good weather to enjoy. That is time you cannot ever get back while waiting on a build slot.

Nevertheless, keep posting pictures, I love your work.

Last edited by redadele; 03-28-2019 at 01:19 PM.
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Old 03-28-2019, 12:54 PM
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Originally Posted by MakoMyDay View Post
I donít know the specifics on freeman sales, but I can tell you that Prowler sold the shit out of some boats at the show. Iím amazed that thereís sooo many people out there with the cash to do this. And theyíre 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 arenít overextended buying these. Itís interesting for sure.

Freeman had probably the ďbullestĒ market, but I can tell you that people are making money on many brands right how. Both my Prowlerís sold for more than I paid and Iíve 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.
There is a difference between cash and LOANS....
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Old 03-28-2019, 12:55 PM
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Originally Posted by Kendall View Post
Buying a Freeman Catamaran makes financial sense if you have the capital to purchase this boat and here is why.


1. Resale value of the Freeman is remarkable and lately EXCEEDS the initial purchase price the original owner paid. Based on the very great demand and the low supply AND the waiting list and wait time of 2 to 3 years, this trend is what the market yields and it is not going away tomorrow. In other words, you buy a Freeman today, and you will likely make a profit when you resell. How many other boat brands can you buy today, and make a decent PROFIT when you sell in a year or two?

2. Its main competitor boat at this time, Invincible boats do not share the same high demand at this time, and have readily available supply on dealer lots NOW, and therefore by market conditions cannot have a used resale price higher than the initial purchase price. Whereas, you buy an Invincible, not only are your initial costs probably higher, but like most boats and cars, it starts depreciating the day you drive it off the lot. And when you do resell, it will likely be for tens of thousands LESS than your initial purchase price. A new 2019 Invincible 40 is for sale on a lot in Texas for $709,985 which is much higher than the list price for the larger Freeman 42LR fully loaded. Comparatively a nicely equipped, Freeman 37VH is going for mid $500K.

Freeman demand is not waning. There was a reported 19 new orders at a recent Boat Show! Whereas, Invincible Cat has failed to garner the great demand comparatively. Why?

3. When purchasing an extreme high dollar luxury item, the buyer wants that item to look like a million bucks. Freeman boats look much more like a top end monohull compared to the "old Seacat" appearance of the Invincible 37 and 40. Therefore most people prefer the looks of the Freeman over the Invincible based on several comments on this Hulltruth Forum and several others. One problem of past catamarans which performed well, was that their ugly appearance made boaters hesitant to embrace them. It is difficult to sell a $650,000 boat or $710,000 boat, for the Invincible 40, if its appearance is not appealing to that particular buyer. That may be the reason why there are a percentage of new Invincible Cats that have been built and are still sitting at boat dealers. Freeman boats, on the other hand, have been sold way in advance (2 to 3 years) of going into the mold.


4. Freeman boats are a proven platform that has an established history of several years of rave performances in moderate seas. They are fast; they ride superiorly compared to similar length and greater length monohulls; they have great fishability and roominess in the cockpit, and unbelievable storage, and the hulls hold up well. Invincible Cats do not have the years of history of great performance and withstanding the conditions that Freeman boats have which puts an unknown in a high dollar purchase. Discriminating buyers when buying such a high dollar item, would much rather go with a known great performing asset as opposed to one that has less of a track record especially if that lesser known boat starts at a higher initial cost and likely depreciating resale recovery price.


In summary, purely from a financial standpoint, buying a Freeman makes much greater financial sense in comparison to an Invincible Cat or its other competitors.
Are you the THT Freeman Influencer?? drinking too much koolaid.
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Old 03-28-2019, 12:59 PM
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Originally Posted by redadele View Post
Line X, I have always enjoyed your pictures and building threads, however, I think your statement proves why Freeman is not a good investments. As you stated, "You cannot replace time" so with a Freeman deposit you are losing three years of fishing, riding, family fun, etc. . That is a big lost for us southerners, but even greater for the northerners who only have a small window of good weather to enjoy. That is time you cannot ever get back while waiting on a build slot.

Nevertheless, keep posting pictures, I love your work.
do you think he is boatless for 3 years?
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Old 03-28-2019, 01:02 PM
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[QUOTE=BSpot;12380174]
Originally Posted by Bullshipper View Post
Currently an Invincible costs more because they are selling through their dealers that add their markup. But the dealers also bought product to floor so its a two way street for the company.

Palm Beach show is open all weekend, you can order one today from the factory sales guys. Bill or David can help you pick all the options.

I doubt if they are undercutting their dealer pricing, right?

The freeman is the proven hull, the status symbol, and a lot cheaper
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Old 03-28-2019, 01:11 PM
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I can’t for the life of figure out why the OP would start a thread like this. It’s almost like a kid bragging about what his Daddy has but it’s actually the Daddy bragging to everyone on the internet. BTW I think the Freeman is an awesome boat but this is too much!
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Old 03-28-2019, 01:13 PM
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This has the makings for an all-time great thread. My bet is that the OPs post will not age well and will be brought up from time to time over the next decade or so...when the economy zigs and zags. As it stands right now, I think he is correct, in part. This is one of the only depreciating assets I ever remember that actually appreciates after initial delivery. I cannot argue with that right now. If you term investment in the short term, he is right. Over the longer term, say 5-7 years, I think that will not prove to be a solid investment.
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Old 03-28-2019, 01:28 PM
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Originally Posted by Bullshipper View Post
do you think he is boatless for 3 years?
Absolutely not, but nor was he the OP. For it to be a good investment, you had to do what Line X and a few others did six or eight years ago, which was to put down a series of deposits with Freeman. It would be like me saying Apple and Amazon would be a great investment right now for what someone could have made if stocks were purchased several years ago. The supply for Freemans will always be low because the company refuses to mass produce. Even with its larger manufacturing building, it still has a 2-3 year wait. That does not necessarily translate into more people buying them, it translates into the production has not increased. . However, with SeaHunter, Invincible and other top tier manufacturers producing Cats, the demand will decrease. The amount of decrease is only known by Father Time.
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Old 03-28-2019, 01:33 PM
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Originally Posted by Anthem View Post
Before Kendall receives the THT wrath, he actually is a good and decent guy; spoke to him on the phone a few times where we discussed the 35st, work and family stuff. It is funny, I was a communication major and his post(s) remind me of an editorial you would read in a newspaper. I don't always agree with how he presents things but he speaks his mind and he is entitled to that especially on this forum.

Hope all is well Kendall...please tell me you are using that beautiful Freeman of yours more often as last time work had the best of you.

Cheers!
It's funny, but when I was reading his post, I was picturing Ralphie from A Christmas Story, and his "What I want for Christmas," theme. I think both of their final lines are very similar:

Kendall: "In summary, purely from a financial standpoint, buying a Freeman makes much greater financial sense in comparison to an Invincible Cat or its other competitors."
Ralphie: "I think everybody should have Red Ryder bb gun. They're very good for Christmas. I don't think a football is a very good Christmas present."
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Old 03-28-2019, 01:34 PM
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It looks like he is mass producing to me. Even though he started in his garage, he has maintained quality and increased the number of models.

https://video.search.yahoo.com/yhs/s...0&action=click
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Old 03-28-2019, 01:42 PM
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Originally Posted by MonarkBoats View Post
I just put my deposit down. Thanks for showing me why this was a good idea..
Iím going to buy 5 for $50,000 down, then in 5 years Iíll make a million dollars. The rest of my money Iím buying bitcoin with.
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Old 03-28-2019, 01:47 PM
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Originally Posted by ALL OUT View Post
I canít for the life of figure out why the OP would start a thread like this. Itís almost like a kid bragging about what his Daddy has but itís actually the Daddy bragging to everyone on the internet. BTW I think the Freeman is an awesome boat but this is too much!
he must be on the spectrum is all I can think. Neurodiversity!
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Old 03-28-2019, 01:48 PM
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Originally Posted by redadele View Post
Line X, I have always enjoyed your pictures and building threads, however, I think your statement proves why Freeman is not a good investment. As you stated, "You cannot replace time" so with a Freeman deposit you are losing three years of fishing, riding, family fun, etc. . That is a big lost for us southerners, but even greater for the northerners who only have a small window of good weather to enjoy. That is time you cannot ever get back while waiting on a build slot.

Nevertheless, keep posting pictures, I love your work.
Thank you for the kind words!
And this is why I did not sell it and had my kids spend today waxing every inch of her! I shot for the moon when my build slot came up and decided to get the 42. I did not leave a deposit because I have been investing every penny in my shop expansion. Man I wish I did!!! But I have to wait inline like everyone on Freeman's list. Right now that 3.5 years plus. My build slot reflected a deposit from the Lauderdale show right when the 42 came out. When you put a deposit you receive a build sheet with prices. The key is knowing that your getting a deal at sticker price as the cost of the boats keeps going up. Ask Offshore Apparel if he is kicking himself for not realizing this because he wanted a deal . So I could have taken the $200,000 and sent a deposit in to Freeman. My build is going to be current pricing which is now higher then what I paid. Plus I would lose my 42 and try to go shopping for a replacement. Well I am not going to find a FatBottomGirl and stepping down after owning her is not a option. My son is 13 and is starting to love diving a ton. Being boat less is misery for me.
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