Originally Posted by 02ProstarSammyD
From the new man upstairs
I guess we'll all see. And while I don't disagree with you on the "needing a new boat for 20 years if you buy a new 25" think about the interest you are spending on top of that 125k. Think I just got sick
I mean seriously?
Loan duration 20.00 years
Principal due $.00
Principal paid $125,000.00
Down payment $25,000.00
The total cost on a loan with a principle of 100000, a total of 240 monthly payments, and a yearly interest rate of 5% is:
only 58 in interest. not bad haha
But the experience is you know.....priceless
1800 boats per year - not sure what dealer cost is but let's say it's 35% of list. If MC could sell a boat to dealers for an average of $70K their revenue is only $126 million (using those numbers). Not a lot of money to do what they do. Then start subtracting taxes, warranty, payroll, and other non-cost of goods stuff. Home run type strategy.... very hot seats for that brand.