lorenbennett
New Member
Anyone see the MM website the have special financing for $499 a month on a new 260 sundancer? :wink:
MM 260 da special
- Thread starter lorenbennett
- Start date
Ye, if I remember it was about the same price a month for 240SD what a joke :smt021
- Oct 3, 2006
- 1,985
- Boat Info
- 2004 - 220 Sundeck
- Engines
- 5.0L w/Bravo 3 Drive
Financed for 50 years at 20 percent? :smt021
Aquia185
New Member
Lacking a lot of specifics. This is all they had posted...
* OAC, payment based on finance amount of $95,000 at 2.40% for 24 months. After 24 months rate will be 6.99% for 216 months. Rates and terms subject to change. See dealer for complete details.
But yeah Richard... 20 years.
* OAC, payment based on finance amount of $95,000 at 2.40% for 24 months. After 24 months rate will be 6.99% for 216 months. Rates and terms subject to change. See dealer for complete details.
But yeah Richard... 20 years.
RiverRat
New Member
- Apr 1, 2007
- 1,137
- Boat Info
- 03 280 Sundancer
Kohler 5 KW Gen.
95 13' Boston Whaler Dauntless
- Engines
- Twin 4.3 MPI
Alpha 1 Gen 2
I wonder what kind of options that includes??? :smt017
Forget about the financing............I would really be concerned about that price of $95K!!!!!!!!!!!! :smt021
For $95,000, it better have every single possible option on it and come with a deluxe trailer too. :smt101 :smt101
For $95,000, it better have every single possible option on it and come with a deluxe trailer too. :smt101 :smt101
thunderbird1
New Member
It doesn't seem like a terrible offer to me. When you consider that the average owner will trade the boat up within the first few years, the 2.5% financing represents a terrific incentive for families with a tight budget. Remember, the 260 MSRP for 2007 with common accessories can easily add up to $115K. 20% off $115K (a reasonable, but not great price) is $92,000. Talk the dealer into tossing in an extended warrantee and you got a reasonable deal.
lorenbennett
New Member
Went to vegas and checked out the "special" at the MM dealer and the 90k is the amount to finance after 20k down for all the extra's, bigger engine, gen set, ac, etc. Dave you seem to be correct just a hook to get you in.??? A buddy of mine likes my boat and was thinking about it but... :huh:
Almost every single option including the 496 motor nets a "suggested retail" of $157K according to Sea Ray's configurator for a 2007 model. If I understand you properly, the purchase price is $110K ($20K down and finance $90K) which is 30 percent discount off the $157K. Obviously if it has a lower retail than $157k, the discount is even less (which is probably the case).
While the deal at 30 percent is fair, if it's less than 30 percent you would have to decide whether the deal is good enough or not. And while the lower interest rate may be nice, with only $20K down and 20 years financing, it won't be more than a year or two before you get "upside down" and what you owe will be more than what the boat is actually worth.
If I were looking for a new 260DA in todays market and I couldn't get a smoking deal on a new one, I would buy a used 2005/2006. Well equipped models with generators and even trailers are advertised at $75-$85K regularly in Boat Trader.
While the deal at 30 percent is fair, if it's less than 30 percent you would have to decide whether the deal is good enough or not. And while the lower interest rate may be nice, with only $20K down and 20 years financing, it won't be more than a year or two before you get "upside down" and what you owe will be more than what the boat is actually worth.
If I were looking for a new 260DA in todays market and I couldn't get a smoking deal on a new one, I would buy a used 2005/2006. Well equipped models with generators and even trailers are advertised at $75-$85K regularly in Boat Trader.
thunderbird1
New Member
Dave S: I recall threads on the SRO board where many felt that 20-25% off MSRP was a "good deal." Is it your opinion that buyers should be looking for 25-30% off?
thunderbird1 said:
That's not an easy question to answer because so much of it depends on which boat model you are buying and what the selling dealer is capable of offering for a discount. Then your "negotiating skills" also come into play.
I feel if you are buying from a big outfit like MM, you ought to be able to get a good discount and as I mentioned in my earlier post if it turns out to be 30 percent, that's fair. A smaller dealer may not be able to offer as large a discount if he only gets a few of these models each year. If there are factory incentives being offered as well, then that will make the "discount" even more substantial. To decide if I am getting a good deal on a boat like a new 260DA which is basically unchanged from the 2005 or 2006 models , I would examine the used market first to get a better idea of what to pay for a new one. I would decide if the price is right based on how much I would loose in the first year or two of ownership. For instance, here is the most expensive 2006 260DA currently listed on Boat Trader http://adcache.boattraderonline.com/6/1/1/86526511.htm
It's very well equipped with a 6.2 engine, a generator and a trailer and it only has 42 hours on it and the asking price..........which can probably be negotiated downward........is $90K. (There are other used 260s that are even cheaper on Boat Trader.) So if I had to pay $110K for a new one, I would ask myself if loosing another $20K (or more) in depreciation loss for the first year is OK with me or not.
But everyone approaches the purchase of a new boat in their own way and decides if the price is right using their own judgement factors. I just described some of the things I do to determine if the deal is good or not.