Skip to main content
Updated:
Original:

Today’s Boat Buyer: Part II

Michael Boudreau bought a Pursuit C 310 with twin 250-hp Yamaha 4-strokes from Striper Marine in Barrington , R.I. , in January. He bought the center console after looking at one at the Hartford (Conn.) Boat Show.

020609jeannieandmike

“We had seen the Pursuits online, but my wife, Jeannie, and I wanted to see one for ourselves,” says Boudreau, 58, of Glocester, R.I.

Boudreau says they’ve gotten into tuna fishing and wanted something they could comfortably fish on at night. He says he has a stable job at the State Department of Corrections and figured since his investments were going down anyway, he might as well get the boat of his dreams.

We have very good credit, and I was planning to get a boat like this before the downturn,” he says. “We had a 26.6 Sailfish with Yamaha 4-strokes, but it was just getting a little too small for us. We were ready for a bigger boat.”

“I tell my wife that I would sell blood to pay for the gas on my boat.” - Michael Boudreau

Boudreau says they began researching online in the fall, and the Pursuit caught their eye. They went to the Hartford show to take a look at the boat. “We bought it from the dealership in Rhode Island because it was more convenient for us,” says Boudreau. “Everyone was just so incredibly helpful and open to negotiations. The doors weren’t shut like in the past.”

Al Elson, president of Striper Marina, says the retail price of Boudreaus’ Pursuit is about $206,525, but the buyer declined to say exactly what he paid for the new boat.

020609c310_run

Boudreau says he easily got a 20-year loan with a 4.8 percent interest rate. The only difference was that the bank was looking for a higher credit score than before — 680 versus 620. “Fortunately, we were fine,” he says.

Boudreau says boat shows are essential to the marine industry in that they give customers a good sense of what is available. “Without boat shows, the whole system would go down the tubes,” he says. “They open up all avenues to prospective buyers.”

Regardless of the economy, Boudreau believes that people who love boating and fishing will continue to do so.

“I tell my wife that I would sell blood to pay for the gas on my boat,” he says. “I think the media is scaring people to death. Life’s going to go on, and we’re going to have good and bad times. … This is just a tough time right now.”

— Elizabeth Ellis

Click here for Part I of this series, which runs through Wednesday.

Related

Year-End Tax Planning Guidance

These tips can help employers maximize cash savings, minimize tax exposure and more

Mercury Marine to Open Ind. Distribution Center

The new 512,000-square-foot facility will help the manufacturer meet record consumer demand for parts and accessories. The company is also expanding production at its main campus in Wisconsin.

GM Invests $150 Million in Pure Watercraft

An interview with Pure founder and CEO Andy Rebele.

Sea Tow, Southport Boats Form “Peace of Mind” Partnership

Sea Tow’s Gold Card, which includes two years of coverage, will now come standard with new Southport models.

Yamaha Rightwaters Goes International

The conservation initiative becomes an international effort as Yamaha Motor Australia joins a cleaner-ocean campaign.

Perfect Timing

With all the new boats sold recently, it’s inevitable that a good percentage will wind up on the used market. MRAA has launched a Certified Pre-Owned Boat Program to help dealers strengthen this profit center.

A Boatbuilder in Congress?

Robert Healey Jr., of Viking Yacht Co., is running for a U.S. House of Representatives seat in New Jersey.

Monterey and Blackfin to Expand Operations

The company will add 50,000 square feet of manufacturing space to meet increased demand, creating 150 job opportunities.