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Freeman Boats purchase makes financial sense

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Freeman Boats purchase makes financial sense

Old 03-28-2019, 07:15 PM
  #101  
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Does anyone remember the phrase ‘irrational exuberance’?
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Old 03-28-2019, 07:18 PM
  #102  
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Hell, the sales tax hit alone kills me everytime I switch boats.
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Old 03-28-2019, 07:22 PM
  #103  
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Originally Posted by Muggin Mullet View Post
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.
I wouldn’t put Freeman in an unattainable category and there is nothing exotic about it. The BS just keeps piling up here.
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Old 03-28-2019, 07:23 PM
  #104  
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Originally Posted by Sarasota Line X View Post
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.
He sells all his boats for a nice profit! It's all good and if you can own a boat and not lose money it's even better.

I hope it continues for him and you both. At some point all free rides come to an end. You just have to be lucky enough not to be in too deep when that end comes. With a few exceptions, down turns devalue most everything. And for many, that means the sudden loss or reduction in income along with what you thought were assets or money makers.

If it can happen with real estate it can damn sure happen with boats. Boat prices in general are pretty damn inflated as it is. The motor people can't even keep up with demand across the board and those prices are through the roof. This sounds a lot like around 2007.

It would be like building a spec home that takes 3 years to build and paying today's prices for it. It might sound good now but in 3 years it might not be such a good deal.

Some folks get motor deals, gear deals and boat deals on sponsorship. I know, I have flipped 10 or so sponsored boats and have flipped several sponsored motors and some during the crash. I never got burned because I never took any memo bill programs. I paid COD and then resold after a year. Not big ticket boats to some but 50 plus K is a big nut if you can't get rid of it when you want to without taking a hit.

And please don't take this the wrong way. What is up if something terrible happened to Billy, Wylie, or Barker for that matter? I have seen many a semi small privately held company not withstand the loss of their founder.

What would happen to your business if you were gone?

Just stuff I think about as I have seen this as a multi boat owner as well as a business owner. I wish the best for all that are doing well with all this. I just can't quite wrap my head around the concept of buying new boats, then selling used and making money off them unless someone is getting a lot better price than the MSRP is new.

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Old 03-28-2019, 08:27 PM
  #105  
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I can see both sides of the argument here, and have no problem believing the OP is a genuinely good guy willing to help anyone.

That being said, to me his post came off as him trying to convince himself of his own argument more than anything else.
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Old 03-28-2019, 08:38 PM
  #106  
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We’ve been in the longest bull market, economy run up in U.S. History and there are indicators showing signs of a downturn or recession that have been correct 100% historically. National debt continues to balloon. Elections next year. The party can’t last forever. I think I’ll be patient and buy a boat at a discount when lots of people forfeit their deposits.
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Old 03-28-2019, 08:38 PM
  #107  
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10 years ago Nobody thought Walmart could have a challenger. Then came Amazon. Good luck with your 401 or resale profit. Enjoy your boat but remember it’s a toy.
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Old 03-28-2019, 08:59 PM
  #108  
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Haters gon Hate! Shoutout to the Freeman owners who know what Kendall says is true! I did pretty well when I sold my 34
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Old 03-28-2019, 09:29 PM
  #109  
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Are the other new brands more reasonable than Invincible and Freeman?

Will Tag, Seahunter and Tideline decrease the backlog for Freemans and decrease the demand for their used hulls too?
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Old 03-29-2019, 07:05 AM
  #110  
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It also has a LOT to do with modern construction methods. A used hull is usually in very good shape. When you buy a used but well kept boat it's not a rotting hulk you have to restore. Get out the polish, fill in a dent or two and updates aren't needed. That few years old 4 stroke will push her nicely looking real good new from a distance. Buying used is not at all what it used to be.
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Old 03-29-2019, 08:30 AM
  #111  
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Nick Stanczyk's Freeman is up for sale... so he can get $200k Pre-ownd Freeman fee

Can he also put the a $200k "Proven Sword Landing Machine" Fee??

asking for a friend.
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Old 03-29-2019, 08:35 AM
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Originally Posted by JoseG View Post
Nick Stanczyk's Freeman is up for sale... so he can get $200k Pre-ownd Freeman fee

Can he also put the a $200k "Proven Sword Landing Machine" Fee??

asking for a friend.
With that logic Dream Catchers 16' aluminum boat would be worth more than 200k
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Old 03-29-2019, 11:23 AM
  #113  
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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.

For the record, I never said buying a Freeman was a good INVESTMENT. In my mind buying a luxury (non-necessity item) like a boat, whether it be a jon boat or a Freeman or a Bayliss should never be thought of as an INVESTMENT, and thus I never used that wording. If many of the people who frequent Hulltruth like boats and like offshore fishing and have the luxury of being able to afford an offshore fishing boat, then the purchase of a Freeman may indeed make financial sense.

Most offshore fishing boats cost a lot of money and on top of that depreciate right away. A Freeman purchase is different and unique, in that you get a top of the class offshore fishing boat that upon delivery and for at least a few years after use, is worth more than you paid. Although not an investment, buying this Freeman brand of luxury item makes sense for the individual who can afford and is going to buy this type of fishing boat either way.

Upon delivery of my Freeman last year, someone advertised the same model new Freeman for sale for nearly $200,000 more than what I paid. The boat sold in less than a week. Like Sarasota Line X, that amount of money is worth less to me than the enjoyment of fishing on such a fine vessel and the priceless memories that can be made with friends and family. Sarasota Line X knows when it does come time to sell his vessel in 3 or 4 years, he will likely make a good profit on something he enjoyed using for those irreplaceable years of family fulfillment and fun. 98 % or more of boat owners cannot make a good profit when they sell 3 or 4 years down the line, and that is why I believe the purchase of a Freeman Boat makes financial sense for folks like Sarasota Line X.

One reason I posted this thread, is that a lot of folks did not know about this counterintuitive reality including potential Freeman boat purchasers such as a friend of mine who put his deposit down without this knowledge. If you are on the fence between a Freeman and an Invincible Cat, for example, then this is valuable important knowledge to have. I love the HullTruth because you can learn so much about boats from knowledgeable people with good experience. I am simply trying to give Hulltruthful information on a very unique phenomenon about the class of boat that I enjoy and love, and who knows it may help someone, and that is what makes the HullTruth a great place.
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Old 03-29-2019, 11:26 AM
  #114  
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Originally Posted by Kendall View Post
One reason I posted this thread, is that a lot of folks did not know about this counterintuitive reality including potential Freeman boat purchasers such as a friend of mine who put his deposit down without this knowledge. If you are on the fence between a Freeman and an Invincible Cat, for example, then this is valuable important knowledge to have. I love the HullTruth because you can learn so much about boats from knowledgeable people with good experience. I am simply trying to give Hulltruthful information on a very unique phenomenon about the class of boat that I enjoy and love, and who knows it may help someone, and that is what makes the HullTruth a great place.
Somewhere around here is a thread on Influencers.
You be one of them.

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Old 03-29-2019, 11:37 AM
  #115  
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What I have to say about that is how many buyers who plunk down 700K on a boat really care whether it makes "financial sense". This is more about the Freeman niche crowd than anything else. I have seen your thread questioning the best boat ever, the new thread, Freeman, the greatest boat ever and now this. Leads me to believe you have a superiority complex. No offense, your posts are more well written than mine and others have said you're an ok person. Just calling it like I see it.
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Old 03-29-2019, 11:58 AM
  #116  
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Originally Posted by Kendall View Post
For the record, I never said buying a Freeman was a good INVESTMENT. In my mind buying a luxury (non-necessity item) like a boat, whether it be a jon boat or a Freeman or a Bayliss should never be thought of as an INVESTMENT, and thus I never used that wording. If many of the people who frequent Hulltruth like boats and like offshore fishing and have the luxury of being able to afford an offshore fishing boat, then the purchase of a Freeman may indeed make financial sense.

Most offshore fishing boats cost a lot of money and on top of that depreciate right away. A Freeman purchase is different and unique, in that you get a top of the class offshore fishing boat that upon delivery and for at least a few years after use, is worth more than you paid. Although not an investment, buying this Freeman brand of luxury item makes sense for the individual who can afford and is going to buy this type of fishing boat either way.

Upon delivery of my Freeman last year, someone advertised the same model new Freeman for sale for nearly $200,000 more than what I paid. The boat sold in less than a week. Like Sarasota Line X, that amount of money is worth less to me than the enjoyment of fishing on such a fine vessel and the priceless memories that can be made with friends and family. Sarasota Line X knows when it does come time to sell his vessel in 3 or 4 years, he will likely make a good profit on something he enjoyed using for those irreplaceable years of family fulfillment and fun. 98 % or more of boat owners cannot make a good profit when they sell 3 or 4 years down the line, and that is why I believe the purchase of a Freeman Boat makes financial sense for folks like Sarasota Line X.

One reason I posted this thread, is that a lot of folks did not know about this counterintuitive reality including potential Freeman boat purchasers such as a friend of mine who put his deposit down without this knowledge. If you are on the fence between a Freeman and an Invincible Cat, for example, then this is valuable important knowledge to have. I love the HullTruth because you can learn so much about boats from knowledgeable people with good experience. I am simply trying to give Hulltruthful information on a very unique phenomenon about the class of boat that I enjoy and love, and who knows it may help someone, and that is what makes the HullTruth a great place.
Again?
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Old 03-29-2019, 12:26 PM
  #117  
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Ironically, Freeman started building boats in the middle of the "great recession."

Originally Posted by petealan View Post
We’ve been in the longest bull market, economy run up in U.S. History and there are indicators showing signs of a downturn or recession that have been correct 100% historically. National debt continues to balloon. Elections next year. The party can’t last forever. I think I’ll be patient and buy a boat at a discount when lots of people forfeit their deposits.
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Old 03-29-2019, 01:39 PM
  #118  
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Originally Posted by Kendall View Post
For the record, I never said buying a Freeman was a good INVESTMENT. In my mind buying a luxury (non-necessity item) like a boat, whether it be a jon boat or a Freeman or a Bayliss should never be thought of as an INVESTMENT, and thus I never used that wording. If many of the people who frequent Hulltruth like boats and like offshore fishing and have the luxury of being able to afford an offshore fishing boat, then the purchase of a Freeman may indeed make financial sense.

Most offshore fishing boats cost a lot of money and on top of that depreciate right away. A Freeman purchase is different and unique, in that you get a top of the class offshore fishing boat that upon delivery and for at least a few years after use, is worth more than you paid. Although not an investment, buying this Freeman brand of luxury item makes sense for the individual who can afford and is going to buy this type of fishing boat either way.

Upon delivery of my Freeman last year, someone advertised the same model new Freeman for sale for nearly $200,000 more than what I paid. The boat sold in less than a week. Like Sarasota Line X, that amount of money is worth less to me than the enjoyment of fishing on such a fine vessel and the priceless memories that can be made with friends and family. Sarasota Line X knows when it does come time to sell his vessel in 3 or 4 years, he will likely make a good profit on something he enjoyed using for those irreplaceable years of family fulfillment and fun. 98 % or more of boat owners cannot make a good profit when they sell 3 or 4 years down the line, and that is why I believe the purchase of a Freeman Boat makes financial sense for folks like Sarasota Line X.

One reason I posted this thread, is that a lot of folks did not know about this counterintuitive reality including potential Freeman boat purchasers such as a friend of mine who put his deposit down without this knowledge. If you are on the fence between a Freeman and an Invincible Cat, for example, then this is valuable important knowledge to have. I love the HullTruth because you can learn so much about boats from knowledgeable people with good experience. I am simply trying to give Hulltruthful information on a very unique phenomenon about the class of boat that I enjoy and love, and who knows it may help someone, and that is what makes the HullTruth a great place.
I think my health/dental insurance cost's explain why I don't own a Freeman and some do!

I could write a check for one tomorrow without blinking but it would hurt taking the depreciation hit a few years down the road. It appears this market for this boat has provided insulation to that. I missed the magic boat purchase.

I will agree for the time being it's the best game in town in that category. But, the talk of profits elude me on buying new and selling used in the boating market as an owner unless your getting a deal on the front end.

All good for you guys that are in on the deal.

Anyone that would buy a used boat at 20% over what it cost's new because they don't want to wait to buy and get one is unique and it's their money so have at it. Good for the guys that are pulling this off.

I never in my life have heard of buying a new boat and selling it years later as used to make a profit was normal.

I believe it's happening and have seen it. I just don't believe it will last.
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Old 03-29-2019, 02:34 PM
  #119  
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Originally Posted by Kendall View Post

One reason I posted this thread, is that a lot of folks did not know about this counterintuitive reality including potential Freeman boat purchasers such as a friend of mine who put his deposit down without this knowledge. If you are on the fence between a Freeman and an Invincible Cat, for example, then this is valuable important knowledge to have. I love the HullTruth because you can learn so much about boats from knowledgeable people with good experience. I am simply trying to give Hulltruthful information on a very unique phenomenon about the class of boat that I enjoy and love, and who knows it may help someone, and that is what makes the HullTruth a great place.
I'm sure we all appreciate you answering a question that no one asked, but the way your posts are worded it comes off as extremely stuck up. I'm sure you love your boat and all, but the THT community doesn't need a new thread every week hemming and hawing about how a Freeman will make all your wildest dreams come true. It gets old fast
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Old 03-29-2019, 02:38 PM
  #120  
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When someone tells you how great they are, they are friends with everyone, no one dislikes them AND how much money they have, well, guess what.
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