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Freeman Boats purchase makes financial sense

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Freeman Boats purchase makes financial sense

Old 03-28-2019, 01:56 PM
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Originally Posted by Sarasota Line X View Post
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.
Your 13 year old being boat-less would be even more misery for you. Enjoy your fantastic sled with your family. As you stated earlier, those times you can never get back.
Old 03-28-2019, 02:01 PM
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Originally Posted by fjmaverick View Post
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.
It certainly is, when gas was high I could go 60 miles offshore and see less than half the boats I see on the water now. I am not wishing for higher gas prices but I average 130 gallons a day on a normal trip so the impact on my fishing was minimal. Most days right now everyone chips in less for fuel than they would pay to go on a party boat.
Old 03-28-2019, 02:07 PM
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Well said Line X, what is the value of enjoyment on the water with your family. There is only a few short years that you have that great interaction experience with your kids-priceless.
In about a year I will have my 28 WhiteWater, in the near term I will be putting down a deposit on a 34 VH.
Enjoy the days on your Freeman and show us some pics.
Thanks
Charlie
"I should be in the Bahamas"
Old 03-28-2019, 02:28 PM
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I recently asked a large boat dealer on Long Island NY where he thought most people were getting the money for all these new center consoles? He told me that many of his buyers used home equity loans... I chuckled. It’s only a good investment if you cash out at some point.


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Old 03-28-2019, 02:38 PM
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Originally Posted by petealan View Post


I’m going to buy 5 for $50,000 down, then in 5 years I’ll make a million dollars. The rest of my money I’m buying bitcoin with.
If I was Billy Freeman, I would put down deposits on my own boats. Upon delivery, I would re-sell them $200k higher than my factory list price...

Now expanding my business wouldn't make sense as that would decrease wait times.
Old 03-28-2019, 03:09 PM
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When toys become investment vehicles that are non essentials and it makes sense were all doomed.

Real estate was also for a while until the bubble busted.

Good for you guys that are in on the deal. It just blows my mind that buying a boat has now become a good investment strategy.

Turn down a 200K profit in short order to go fishing to enjoy time with the family.

I could take 200K and take my family/kids many times to the most remote places on the planet with the best fishing and diving in the world that aren't in the GOM and never will be.

I sure wish Ford would cut their production back to the point my used truck would increase in value 20% from new after 20K miles. They may have to when fuel gets to 5 bucks a gallon.


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Old 03-28-2019, 03:59 PM
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Originally Posted by Pipo6007 View Post
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.
kinda agree

Last edited by Conch&Balls; 03-28-2019 at 03:59 PM. Reason: agree
Old 03-28-2019, 04:01 PM
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According to this post and the logic that follows, If Freeman built boats but didn’t sell them for 2 years then sold them as used they would make more money then sell new. And not have warranty issues to deal with. I think I just gave myself a headache
Old 03-28-2019, 04:29 PM
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Ok first off the fit and finish of an in invincible far exceed the Freeman and as far as an investment, no boat is an investment. What is happening with Freeman is they are the hot boat for now and they allow people to sell build slots that is artificially increasing the cost. They don't build as many boats as some of the bigger guys so the demand exceed the availability.

I predict the freeman and the cat will will be a fad that will soon fade.
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Old 03-28-2019, 05:07 PM
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I like the way you think
Old 03-28-2019, 05:09 PM
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I agree that the Freeman is a good investment at this time and maybe for some years to come but what everyone must remember the economy has been growing and booming for 10 years. How many Freeman were rolling around 10 years ago? Not too many since company was founded in 2007, at some point people will get caught in the middle flipping boats just like houses. That said I think this economy could go a while so put the deposit.
Old 03-28-2019, 05:15 PM
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Originally Posted by Saltydawg15 View Post
I predict the freeman and the cat will will be a fad that will soon fade.
I don't see it dying down anytime soon as long as the economy supports it. As long as they remain unattainable to most. And they are doing a great job at keeping it that way. I always notice the " fanboys " on social media immediately saying FREEMAN when asked " which boat would you choose " on a social media post. Or them arguing its performance versus other boats when they have never seen one in person. The large majority of them can't afford a 2005 or newer boat but yet they are obsessed with them. The unattainable always keeps peoples attention. Just like exotic cars.
Old 03-28-2019, 05:18 PM
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Player I remember national yacht liquidators in 2008 stuffed to max with Jupiter’s , contenders, cv etc when many numb nuts thought it was great idea to use “cash” in home equity to buy toys. And tell me more about the superior ride to monos again?
Old 03-28-2019, 05:21 PM
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Originally Posted by 20biminitwist View Post
When toys become investment vehicles that are non essentials and it makes sense were all doomed.

Real estate was also for a while until the bubble busted.

Good for you guys that are in on the deal. It just blows my mind that buying a boat has now become a good investment strategy.

Turn down a 200K profit in short order to go fishing to enjoy time with the family.

I could take 200K and take my family/kids many times to the most remote places on the planet with the best fishing and diving in the world that aren't in the GOM and never will be.

I sure wish Ford would cut their production back to the point my used truck would increase in value 20% from new after 20K miles. They may have to when fuel gets to 5 bucks a gallon.

well said
Old 03-28-2019, 05:22 PM
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saying that buying an overpriced boat is an investment is like saying hookers and cocaine is an investment. if it makes you feel good then thats all that matters
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Old 03-28-2019, 05:26 PM
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For the last 7-8 years pretty much any boat hasnt done too badly price wise. The new ones are rising so fast that it keeps the used prices up. Ive bought and sold 2 Parkers and havent lost more than 5k total. Thats pretty good I think. But no boat is an investment and there is no way to predict when the next down turn is. I promise none of them will be a very good investment when that happens. A boat is a toy, if it makes you happy and you make some memories than that should be good enough. Dont pretend its a 401k
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Old 03-28-2019, 05:28 PM
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So if I was billy Freeman I would sell my personal 42 for a nice profit. - he did and is driving a 34 which was at Miami and is waiting like the rest of us for a break to build a new boat for himself.
Old 03-28-2019, 05:28 PM
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I was in a Freeman tunnel today.
Old 03-28-2019, 07:09 PM
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Freemans are so Salt Life brah..
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Old 03-28-2019, 07:15 PM
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Does anyone remember the phrase ‘irrational exuberance’?

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