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Old     (absoluteboarder)      Join Date: Aug 2002       05-22-2009, 9:59 AM Reply   
....well if the wakeboard industry is anything like the rv industry there should be some great deals coming. I think I already see evidence of it with diggs x2 for 45000

I know one of our rv dealers up here in canada just bought 30 rvs from the banks in the states. we purchased a $44000(nada) dollar trailer 2007 model 38 foot 4 slide outs for $26000 (all us figures)......the dealer also said everyone hates him right now as he is selling same trailers for 15-20 thousand less.

He also said if I need a boat, the same thing is happening.

So for anyone looking for a boat ....I think the repos are coming and you got to get them before a reseller.

(Message edited by absoluteboarder on May 22, 2009)
Old     (cjh1669)      Join Date: Apr 2005       05-22-2009, 10:25 AM Reply   
Hopefully you are correct. I'm hoping to be in the market for a new boat at the end of summer. Was worried that I missed the train on the low prices of the spring
Old     (absoluteboarder)      Join Date: Aug 2002       05-22-2009, 10:27 AM Reply   
hey chris funny enough I was told my Rv trailer came from colorado!
Old     (elc)      Join Date: Jan 2008       05-22-2009, 12:11 PM Reply   
can you finance repos or do you need to pay cash?
Old     (fullspeed)      Join Date: Oct 2005 Location: Santa Cruz County CA       05-22-2009, 12:21 PM Reply   
My father owns a large RV dealership here in San Martin, Ca(Just South of San Jose). He is a Fleetwood Dealer and all of his New 08/09 inventory is marked down to basically his cost, the shipping fees and a very small commission for his sales staff. He is selling out fast, because of his prices. Selling a lot, but not making a lot.

Paying flooring charges is what hurt the dealers. Dealers have to move that inventory to survive, period. Now is the time to buy...

If anything good comes out of a bad economy is it brings prices of overpriced luxury items down to reality, at least for a short while. Look at real estate. I wish I had money to buy more property.
Old     (alindquist)      Join Date: Mar 2004       05-22-2009, 12:27 PM Reply   
My buddy picked up a 2007 Cobalt 272 repo for 55k, guy paid around 90K for it in 08. there are plenty of deals out there, if business was better I would be picking up something new...then again if business was better we wouldn't be seeing these deals.
Old     (bill_airjunky)      Join Date: Apr 2002       05-22-2009, 12:32 PM Reply   
My brother just bought a repo house in Redding, CA. 4 bedroom, 2 bath, with two 2 car garages. The place sold in 2006 for over $500k. He just picked it up for $208k.
Old     (hatepain)      Join Date: Aug 2006       05-22-2009, 12:33 PM Reply   
^^^Catch 22
Old     (absoluteboarder)      Join Date: Aug 2002       05-22-2009, 12:53 PM Reply our case the repo could have been financed over 15 years, at around 7.5%. However we decided to use our own source at 2.25%.
Old     (wakeboardlasvegas)      Join Date: Mar 2007       05-22-2009, 1:02 PM Reply   
Anyone ever care to think how inflated prices have been on not only homes but boats and rvs?????? Things are finally getting back to real world numbers.
Old     (absoluteboarder)      Join Date: Aug 2002       05-22-2009, 1:13 PM Reply   
ur right jonny......I felt even at 20000$ less that I was paying what it should really be worth. Actually I thought I should have got it even cheaper....but couldn't wait any longer. Got to live life.
Old     (radikal)      Join Date: Feb 2004       05-25-2009, 9:34 AM Reply   
and now everyone will buy at their maximum capability because of they low rates 2.5% but in 5 years a lot of people will be in trouble when it will be time for renewal at 5.3% be carefull ...
Old     (west)      Join Date: Apr 2002       05-25-2009, 11:11 AM Reply   
So if a guy is asking 49k for a 08 SAn TE do you think I will be able to talk him down much more. Has just over 100 hrs on it. Would an offer of 40k be reasonable or will I get laughed out of the placde.haha
Old     (innov8)      Join Date: May 2005       05-25-2009, 11:17 AM Reply   
You can offer 40k, but yes I think he would laugh at you, but it never hurts to ask.
49k is a great deal on an 08 210 with just over 100hrs IMO.
Old     (trace)      Join Date: Feb 2002       05-25-2009, 11:17 AM Reply   
Cash always talks. He might be in trouble, and it's a huge buyers market so it's not like people are beating down his door.
Old     (gti2lo)      Join Date: Nov 2005       05-25-2009, 11:44 AM Reply   
Michael- can't agree more... "but couldn't wait any longer. Got to live life."

If you can afford it.. go for it... waiting two months for an extra $1000 isn't worth it.
Old     (jonyb)      Join Date: Nov 2008       05-25-2009, 6:13 PM Reply   
I just did an install for a guy that bought an 08 Malibu 23LSV on a Boatmate trailer for $50K. Boat was very nice, has the Titan X tower, and Hammerhead powered.
Old     (ericdizzzle)      Join Date: May 2009       05-25-2009, 6:24 PM Reply   
any repo deals coming to the great state of Minnesota?
Old     (amo)      Join Date: Jan 2009       05-25-2009, 6:28 PM Reply   
Dizzle, what are you looking to spend?
Old     (ericdizzzle)      Join Date: May 2009       05-25-2009, 6:48 PM Reply   
20-30k, preferably low 20s
Old     (lakeski)      Join Date: Dec 2006       05-25-2009, 6:49 PM Reply   
The Midwest Marine Repo Center has opened in Oshkosh, WI. In addition to repos, they are selling the inventories of several California dealerships that have failed.
Old     (ericdizzzle)      Join Date: May 2009       05-25-2009, 7:01 PM Reply   
is there a website to that? thats just a little joy ride from me
Old     (absoluteboarder)      Join Date: Aug 2002       05-25-2009, 7:20 PM Reply   
just spoke to our local marina that sells moomba......he also confirmed repo boats are on the increase with price drops of around 30-35%.

.....but he also said the boat market is not like the boom of the last 2 years but like 3 years ago. Not as bad as some are making it out to be. He said the biggest drop has come in small bow riders and aluminum fishing boats.

greg......definitely we are not getting any younger I dont think I will really care much to have all our toys when I am 65. So best spend the money now....and have us some fun.

...just google repos for what you want, there seems to be a ton of stuff on the web.
Old     (lakeski)      Join Date: Dec 2006       05-25-2009, 8:04 PM Reply   
Dizzle, check: Click on the yellow tile, however it doesn't look like they've isolated the repo inventory from the rest of their inventory.

It looks like they are posting repo boats on Craig's List in the Appleton, Wisconsin area. In addition to some CA dealerships, some of the inventory they are selling is from Heckel's, the bankrupt boat dealer in Eagle River and Lake du Bay that used to sell Malibu. I don't know if any BU's are at the Repo Center since I think Skipper Buds has the BU franchise in Madison.

(Message edited by lakeski on May 25, 2009)
Old     (formfunction)      Join Date: Jun 2008       05-25-2009, 8:13 PM Reply   
Prices are going up not down so I say if you find what you want you should buy it and stop searching for that intangible half free boat that doesn't exist.
Old     (wakereviews)      Join Date: Sep 2006       05-25-2009, 8:19 PM Reply   
this is a repo in MN but not under 30k


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