There is a misconception that high fuel prices has had a negative effect on boaters. Boaters go boating, and may adjust their usage to allow for higher prices. Instead of using the boat every weekend during the season they may use it three out of four. Instead of cruising to the other end of the lake they might go halfway, and comeback, but boaters will always go boating.
I remember the first time gas hit $4.00 per gallon. Everyone said it was the end of boating as well as other hobbies that require fuel, like Big RVS. Both industries have done very well despite high fuel prices.
What has changed in sales? The consumers have chosen to purchase late model pre-owned rather than new. A lot of manufacturers have cut production drastically. It has actually had a positive effect on used boats. There’s more pressure on the used market than there has ever been. Try and find a 2007 model, or newer. You’ll find out quickly, there just isn’t much out there. Due to supply and demand used boat prices have actually gone up in the last few years. If you see a late model used boat you like, don’t hesitate too long as someone else may be boating while you’re still standing on the dock.
Be aware that the books used to evaluate boat pricing are behind the times. Unfortunately most lending institutions use the NADA book to establish a boat’s value. In most cases they are 10-20% below actual market prices. This hurts when trying to finance a boat. It means having to put larger down payments down.
Bottom line. Boaters will find a way to go boating. It’s in our blood, and it’s what we do to relax……Mark Cochran.
Holiday Harbor Marina
5989 Groovers Landing Acworth, GA 30102
Website: Holiday Harbor