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  #41  
Old 01-17-2013, 09:48 AM
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mikeg205 mikeg205 is offline
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Demographic that has 8-10 million net worth has the cash. The segment has enough $$$ and buys these new. Couple folks on this forum buy new every year and good for them. When I hit the river the people driving the new MC's, CC's and BU's are younger. Also a ton of Tahoe's being sold as well. ..

You're point well taken - but if you can get the loan on the X-25 you need another boat for 20 years...

MC is not mass producing - a couple of thousand boats for an international market - they are there...but agree industry has taken a big whack.
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  #42  
Old 01-17-2013, 09:54 AM
02ProstarSammyD 02ProstarSammyD is offline
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From the new man upstairs

Quote:
"We're reviewing our product-development process. We will gather input up front that will allow us to develop the right product at the right price and the right time," he said.

The effort involves partnering with key suppliers and continual management of quality though defect measurement and other factors, he said.

MasterCraft is currently producing about 1,800 boats per year, the company plans to increase production to 1,900 boats per year.

Marketing also is key to McNew's strategy.

MasterCraft is taking aim at the water-sports market, including wakeboarding and wakesurfing, two of the fastest-growing segments. The company is under contract with 16 of the world's top water-sports athletes and has introduced its new X-30 and X-10 series of boats to serve the growing market, he said.

Other opportunities include the high end of the family boat market.

At the same time, the company will introduce lower-cost boats that build on MasterCraft's brand-name recognition as a supplier of high-quality boats.

"We will be like the Mercedes C-class of boats," McNew said.

While some competitors have introduced low-cost boat lines under new brand names, McNew believes the MasterCraft brand will deliver value even for cost-conscious customers.

"Even if we are five to seven thousand (dollars) above the others, they will still pick us," he said.
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:
$158,389.38

only 58 in interest. not bad haha
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  #43  
Old 01-17-2013, 10:10 AM
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mikeg205 mikeg205 is offline
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Quote:
Originally Posted by 02ProstarSammyD View Post
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:
$158,389.38

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.
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  #44  
Old 01-17-2013, 10:30 AM
02ProstarSammyD 02ProstarSammyD is offline
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Then start subtracting taxes, warranty, payroll, and other non-cost of goods stuff. Home run type strategy.... very hot seats for that brand.
Stop putting electronic crap in the boats that doesn't work and you cut down on warranty. Theres a smart alick answer for everything isn't there. I'm just grumpy......ignore me

Quote:
But the experience is you know.....priceless
I think I would compare that to a strip club. Fun experience but you leave feeling dirty and broke.
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  #45  
Old 01-17-2013, 10:33 AM
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mikeg205 mikeg205 is offline
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Quote:
Originally Posted by 02ProstarSammyD View Post
Stop putting electronic crap in the boats that doesn't work and you cut down on warranty. Theres a smart alick answer for everything isn't there. I'm just grumpy......ignore me


I think I would compare that to a strip club. Fun experience but you leave feeling dirty and broke.
great response...

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  #46  
Old 01-17-2013, 08:08 PM
bkblaida bkblaida is offline
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The PS 197 on display at the Chicago boat show stickered out at $72,000.......For those of us that live in the midwest that is a lot of money for a toy that will sit in storage 6-7 months / year. Obviously there are 1,800 people per year who can afford to pay this or more as MC sells this many units. However I do not see the price/value relationship for the new Mastercrafts. Love my 97 PS205....would really love a new MC or any of the top 3 tow boats but not at these prices.
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  #47  
Old 01-17-2013, 11:10 PM
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mikeg205 mikeg205 is offline
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Originally Posted by bkblaida View Post
The PS 197 on display at the Chicago boat show stickered out at $72,000.......For those of us that live in the midwest that is a lot of money for a toy that will sit in storage 6-7 months / year. Obviously there are 1,800 people per year who can afford to pay this or more as MC sells this many units. However I do not see the price/value relationship for the new Mastercrafts. Love my 97 PS205....would really love a new MC or any of the top 3 tow boats but not at these prices.
Yup you are right..need a tow..always looking for new friends...
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