2018 AR240 for 50k or the brand new AR250 for 61k

[Dodi5]

Thanks ?

 

[TimW451]

Remember that some of yamaha's loans are step loans. Also your assumption is incorrect across the board. Through one of my C.U.'s the rate is the same and they will match Yamaha's. I guess it depends on whom you run your loans through and what type of relationship you have with the lending institution.
...

Apologies if my message wasn’t clear. My point is that an interest rate should be lower for a new boat than a used boat, all other things being equal, not that Yamaha has the best rates,

 

[HangOutdoors]

@Dodi5 If you want to know your exact credit scores, which will not hurt your credit or show as an inquiry, go to www.myfico.com and order a 3 bureau credit report. One-Time, or subscription if you wish. These are scored with multiple models. Don't look at the free credit reports and Credit Karma crap. Anything that gives you Vantage scores are worthless, since big purchase lenders don't use them. Most of your credit card companies that provide you with a free credit score is Vantage. And the funny thing is that most of them don't even use it when underwriting.

Anyhow.

Once you get your bureau you want to look specifically at FICO Auto Score 8 and FICO Auto Score 9, some will just use FICO 8 Bankcard and FICO 9 BankCard. These are what they will use 95% of the time. The 8 is the one that has been around and everyone uses. The 9 some are starting to use it is the newer model. Then when you talk to a potential lender you can give them your three exact scores and get a quote with those. Of course they will want to pull your credit, but tell them you are just shopping and want to be quoted on your credit scores understanding that if they change the rate could change.

That is the best advice I can give you. Good Luck!

Pricing - One-time Reports | myFICO

 

[KCAR250]

There are a few listed on the FaceBook forums. A 2019 AR240 is listed at $65K, and a 2018 AR240 is listed at $55K.

exactly, I was quoted $61.5k with a galvanized trailer on a ‘21 250 yesterday.

Did $61.5k include dealer fees?

 

[ourlee]

Did $61.5k include dealer fees?

Yes, as far as I know but I should ask. The only dealer fee I’ve seen so far was $249 so I won’t sweat it too much if I missed it.

 

[JetMania]

Another consideration:

The 2018 you can get now (presumably); the new one you can put a deposit on and may see it in early 2023 at this rate (ok, a little exaggerated, but not much).

I think you could easily get a new 25’ series before next summer if you reserved now.

 

[JetMania]

Remember that some of yamaha's loans are step loans. Also your assumption is incorrect across the board. Through one of my C.U.'s the rate is the same and they will match Yamaha's. I guess it depends on whom you run your loans through and what type of relationship you have with the lending institution.

Additionally, Yamaha likes Primo Credit scores where as you can get the same rate through a Credit Union with scores that are somewhat lower. I encourage people to shop for themselves personally and their specific financial scenario rather than taking a sweeping outer look.

Finally, some here have had great experiences with the Yamaha Financing, others have had nightmares. YMMV

I agree. We have near perfect credit. Today, our credit union gave an offer of 4.74% on our 212s we pick up next Saturday. Yamaha gave us 4.7% but it’s a step loan where we get 0% for the first 90 days. Didn’t seem to make sense just for 90 days, but that interest rate is great for a boat and we’ll take free money for 90 days.

 

[Dodi5]

I agree. We have near perfect credit. Today, our credit union gave an offer of 4.74% on our 212s we pick up next Saturday. Yamaha gave us 4.7% but it’s a step loan where we get 0% for the first 90 days. Didn’t seem to make sense just for 90 days, but that interest rate is great for a boat and we’ll take free money for 90 days.

4.74 and 4.7 for how many months?and which credit union if I may ask? Thanks

 

[TONYSSCREWS]

I have been looking at these 24' boats since last fall. COVID has definitely driven up the prices the last 6 months. I had a guy here in NJ that bought a brand new 2019 AR240 last spring. Paid about $59k out the door for it. The boat (all stock) had less than 20 hours on it when he listed it in the fall for $52K. I also seen a 2017 AR240 with 90 hours on it in TX for $39k (I should've flew there, bought it, rented a pickup and drove it back). Now I am seeing folks list 2012 to 2014 Limited and Limited S boats for $39k to $50k..... Personally I think these folks are out of their minds, but if someone wants a boat bad enough, I guess if they don't care about the money, perhaps they're getting close to their ask. But I agree with the folks above that with winter coming (at least for us in the NorthEast and those in upper central USA) and with the release of these new 25' models the prices on used boats will plummet back to pre-COVID pricing. If you have an older model to sell and considering it, I'd do it NOW. The difference could cost you $2k to $12K....LOL

For me, boating season has maybe 3-4 weeks left in NJ before its just too cool to get in the water so I'll wait till Dec or so to get a better deal on a few year old one

 

[Jeel]

I have been looking at these 24' boats since last fall. COVID has definitely driven up the prices the last 6 months. I had a guy here in NJ that bought a brand new 2019 AR240 last spring. Paid about $59k out the door for it. The boat (all stock) had less than 20 hours on it when he listed it in the fall for $52K. I also seen a 2017 AR240 with 90 hours on it in TX for $39k (I should've flew there, bought it, rented a pickup and drove it back). Now I am seeing folks list 2012 to 2014 Limited and Limited S boats for $39k to $50k..... Personally I think these folks are out of their minds, but if someone wants a boat bad enough, I guess if they don't care about the money, perhaps they're getting close to their ask. But I agree with the folks above that with winter coming (at least for us in the NorthEast and those in upper central USA) and with the release of these new 25' models the prices on used boats will plummet back to pre-COVID pricing. If you have an older model to sell and considering it, I'd do it NOW. The difference could cost you $2k to $12K....LOL

For me, boating season has maybe 3-4 weeks left in NJ before its just too cool to get in the water so I'll wait till Dec or so to get a better deal on a few year old one

I was thinking about selling my 2019 AR 240 that ive only had for 1 year ...i know i could sell it now for a great price , but after talking to a local dealer and him saying the AR 250s are selling for MSRP plus Freight $2500 and other fees plus the fact they arent even built yet , id be without a boat for Sept and early Oct which are the best times in NJ in my opinion ...if someone offered me 56 k id really have to consider it

 

[JetMania]

4.74 and 4.7 for how many months?and which credit union if I may ask? Thanks

No problem. That’s for either 144 or 180. We are going to do 144. Our credit union is RG Federal here in KC. I also had a quote from Southeast Financial online. They offered 4.75 for 180, 144, 120 or 84 months. Found them through Lending Tree.

 

[Dodi5]

No problem. That’s for either 144 or 180. We are going to do 144. Our credit union is RG Federal here in KC. I also had a quote from Southeast Financial online. They offered 4.75 for 180, 144, 120 or 84 months. Found them through Lending Tree.

You went thru Yamaha at the end?

 

[Kawak11]

No problem. That’s for either 144 or 180. We are going to do 144. Our credit union is RG Federal here in KC. I also had a quote from Southeast Financial online. They offered 4.75 for 180, 144, 120 or 84 months. Found them through Lending Tree.

That's good to know. Thanks for sharing.

I will be buying a 212 but holding out till November/Decemeber to see where the market is. I'm glad I didn't go with the early release as I will go with the 212SE instead of the S.

Can you share otd price and down payment?

I was given $59499 prep/freight included plus tax on the S prior to the release.

 

[Dodi5]

I’m so set on the 212se love it ?. Just can’t make up my mind to go buy it now or wait till December

 

[Dodi5]

Are they not charging prep fees any more , and doing free galvanized trailer upgrades?

 

[mike220022]

Are they not charging prep fees any more , and doing free galvanized trailer upgrades?

Dealer in my town completely dropped the prep and freight fees very quickly. The difference if I want galvanized trailer was $400

 

[Kawak11]

Are they not charging prep fees any more , and doing free galvanized trailer upgrades?

That was for the 212S with prep/freight included.

 

[JetMania]

You went thru Yamaha at the end?

We haven’t signed the paperwork. We have an appointment to pick-up next Saturday at 10am. But yes, we are planning on going with Yamaha at 4.7% and 0% for 90 days.

 

[JetMania]

That's good to know. Thanks for sharing.

I will be buying a 212 but holding out till November/Decemeber to see where the market is. I'm glad I didn't go with the early release as I will go with the 212SE instead of the S.

Can you share otd price and down payment?

I was given $59499 prep/freight included plus tax on the S prior to the release.

We got $59,484 OTD. We are approved for the Yamaha promotional financing with 0% for 90 days and $0 down. We will probably put a couple thousand down to try to keep the principal down as much as possible. We are going to do 144 months and try to make as many extra payments as possible.

 

[tahoelocal]

Hey guys, my family recently moved to Lake Tahoe and it's time for us to buy our first boat. I was looking for a new AR250 but unfortunately all of the local dealers have sold out. I was disappointed but then found a 2018 AR240 with 57 hours. I attached a screenshot of the listing.

I've committed to buying it, but wanted to post here as a sanity check to make sure I'm not making a mistake. I saw this thread (which is very similar) so I figured I'd reply here instead of creating a new post. Not that it's an option anyway, but a dealer AR250 with CA taxes would be close to $70k, so I should be saving at least $15k maybe even closer to $20k.

Let me know if this seems reasonable in light of the circumstances (not being able to find a new AR250, used jet boats being hard to find because of the pandemic, being set on having a boat for the coming summer...)