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re: New Boat Prices
Posted on 4/15/20 at 9:42 am to WHODAT514
Posted on 4/15/20 at 9:42 am to WHODAT514
Yeah the boat industries not stupid.
Just like any mfg of more expensive whole goods. They know dealers floor plan and if they are scared to stock or sitting in stock they cannot make new product. They are going to help the dealers.
The mfg usually pays x percent for the zero interest for x amount of time through a finance company. After that the dealer pays the interest. It to get the dealer to stock inventory and usually most dealers sell it before the plans come due. The dealer then registers the unit, and pays it off within x days of the sale. After the floor plan time runs out the dealer pays interest on the product which cuts in their profit.
When the floor plan on that unit comes due this where some will cut the price to get rid of a unit. Usually not that much unless the units been sitting and typically toward the fall before preseason orders for the next season.
Now rebates that from the mfg sometimes the dealer eats a small percentage sometimes they do not. Example $500 rebate dealer may give up 1/3 of that rebate while the mfg eats 2/3. Some dealers can choose not to participate depending on the contract. Usually the mfg puts that on during peak season which I am told for boats is March/April timeline.
Just like any mfg of more expensive whole goods. They know dealers floor plan and if they are scared to stock or sitting in stock they cannot make new product. They are going to help the dealers.
The mfg usually pays x percent for the zero interest for x amount of time through a finance company. After that the dealer pays the interest. It to get the dealer to stock inventory and usually most dealers sell it before the plans come due. The dealer then registers the unit, and pays it off within x days of the sale. After the floor plan time runs out the dealer pays interest on the product which cuts in their profit.
When the floor plan on that unit comes due this where some will cut the price to get rid of a unit. Usually not that much unless the units been sitting and typically toward the fall before preseason orders for the next season.
Now rebates that from the mfg sometimes the dealer eats a small percentage sometimes they do not. Example $500 rebate dealer may give up 1/3 of that rebate while the mfg eats 2/3. Some dealers can choose not to participate depending on the contract. Usually the mfg puts that on during peak season which I am told for boats is March/April timeline.
This post was edited on 4/15/20 at 9:48 am
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