If I am interested in a new boat, is a boat show the right time to buy? Keep reading to answer that question!
If you’re in the market for a new boat, you’ve probably heard about boat shows offering the best prices of the year. These events can be enticing, drawing in boat buyers with unbeatable deals and exclusive offers.
But the question is: are boat show prices really as good as they seem? In this article, we’ll help answer that question. Oftentimes, you’ll see factory rebates, exclusive discounts, the chance to get the first pick of in-stock models, and the opportunity to compare current models with competitors on the spot. Let’s dig into what this all means.
1. Factory Rebates from Manufacturers
One of the most attractive offers at a boat show is the expansive factory rebates. These rebates are provided directly by the boat manufacturer and are applied to the price of the boat you buy. They are often used as a way to incentivize buyers to make a purchase during specific times of the year, such as during a boat show.
What are Factory Rebates?
The rebate is usually a set amount, and it’s subtracted directly from the boat’s price. It’s important to note that factory rebates are often limited to specific models or boat categories. Manufacturers use rebates to clear out inventory, especially if they are introducing new models or if the boat is a slower seller. As a result, rebates may not be available on every boat at a show. When they are available, they can offer significant savings.
The downside? You may need to buy quickly to secure the rebate. While a boat show might present the opportunity to get the rebate, many shows only last for a few days. This means you’ll need to make a fast decision if you want to take advantage of the offer.
Are These Rebates Worth it?
Yes, factory rebates can be a real incentive to buy during a boat show. They are often higher than discounts you can get from a dealer on your own during other times of the year.
2. Exclusive Discounts on Previous Year Models
Another common benefit of attending a boat show is the chance to get exclusive discounts on previous year’s models. Boat manufacturers release new models each year, and this means dealers may be eager to clear out last year’s stock. Boat shows provide an ideal setting for dealers to move those older models with significant price reductions to attract buyers.
How do These Discounts Work?
Boat manufacturers typically want to make room for newer inventory at their dealers. At boat shows, you’ll find dealers trying to clear out older boats in preparation for the upcoming model year. Since these boats are already a year old, the dealer is more likely to offer deep discounts to sell these models.
Are These Discounts Better Than Other Times of the Year?
In many cases, yes. Boats from the previous model year may not have the latest features or updates, but they can still provide an excellent experience. This is especially true if the discount is substantial. For buyers who are not too concerned about having the latest model, this can be a great way to save money.
3. Get First Pick of In-Stock Models
At a boat show, you’ll often only see a limited selection of boats, especially when it comes to in-stock models. However, the advantage here is that you may be among the first to choose from a dealer’s inventory. This is a great opportunity if you have specific requirements for your boat, such as a particular color, size, or set of features.
Why Does this Matter?
Boat shows typically take place during the off-season, meaning that the show may take place before the prime boating months. By attending a show, you can get in early and pick from a new batch of boats before they’re picked over by other buyers. Additionally, attending early means that you might even have access to boats that haven’t been delivered to the dealership yet.
Along with checking out new inventory at your local dealership, you can special order your dream boat. Depending on the production slots available to your local dealership, ordering a boat early in the season gives you a better chance of being able to enjoy your new boat during the upcoming boating season. Waiting until late spring/summer will often mean you’re waiting another season before being able to enjoy your boat. Be sure to talk to your local dealer about this if you’re interested in special ordering a new boat.
Is this a Better Deal?
If you’re not picky about the model, you might not care much about having the first pick. But for those with specific needs or preferences, being able to select from a fresh inventory can be a huge advantage. Whether you’re after the perfect color scheme or specific features, getting in first can allow you to get exactly what you want.
4. Compare New Models with Competitors
One of the unique advantages of attending a boat show is the ability to see current model year boats in person, side-by-side with competitors. Boat shows are a great way to compare different brands, models, features, and pricing all in one place. You can walk between displays, touch and feel different boats, and ask questions about specific features, and compare pricing between brands or models.
Why is This a Good Opportunity?
Boats are a significant investment, and it can be tough to make a decision based on online reviews or images alone. By seeing the boats in person, you can get a much better sense of their build quality, layout, and features. Plus, the boat show environment often brings together multiple brands, allowing you to compare boats side by side. This way, you can see how different manufacturers stack up in terms of craftsmanship, innovations, and performance features.
Is This a Better Deal?
While the comparison itself might not always result in a better price, it can lead to a smarter purchasing decision. By being able to compare boats in real time, you are more likely to find a boat that matches your needs. You can weigh the pros and cons of different models, making sure you’re getting the most value for your money. Plus, many dealers offer show-exclusive incentives or special packages that you can take advantage of while you’re at the event.
Are Boat Show Prices Really Better?
In short, boat show prices can be better, but they depend on several factors. Factory rebates, exclusive discounts on previous year models, early access to in-stock inventory, and the ability to compare current model-year boats all provide real opportunities for savings and smart decisions. However, not every boat at a show is necessarily discounted which is why it’s important to do your research.
If you’re attending a boat show with the goal of getting the best deal, come prepared. Research the boat models you’re interested in, look up the manufacturer’s suggested retail price (MSRP), and ask questions about available incentives and rebates. Don’t forget to compare prices with local dealers outside of the show to ensure you’re getting the best overall deal.
So, while boat shows can offer some solid discounts and opportunities to save, it’s up to you to make sure you’re getting the best value. With a bit of preparation, a boat show can be a great place to make your boating dreams a reality at a price that makes sense.
