petem
Well-Known Member
Unless you buy a stock boat, any boat built to order will require a hefty deposit and stage payments. A stock boat might be cheaper (assuming low demand) but you won't be able to choose options to suit you.
Fairline Boats purchased
- Thread starter stelican
- Start date
Unless you buy a stock boat, any boat built to order will require a hefty deposit and stage payments. A stock boat might be cheaper (assuming low demand) but you won't be able to choose options to suit you.
petem
Well-Known Member
The Fairline Police will be along soon and put you in a bilge cell for a week (or two).
Move along now sir, nothing to see here
......
Danchc
Active Member
Precisely. Only a few can say how much they actually charged and at what time intervals, but that is probably too personal/confidential to ask.
An SQ78 was stock price of about 2million, plus changes, could be 2.5million. I would not be surprised if they asked for 250k up front and 1.5million in stage payments before the boat touched water, and full payment before it is handed over for sea trials and tuning etc.
That would be a lot of dosh to part with, for over a year wait/build time, after all that has happened recently. Takes time to rebuild confidence. Unless you're a billionaire buying it out of the loose change in your pocket
DougH
Well-Known Member
Move along now sir, nothing to see here
No no Pete. It's them nasty Fairline owners that are picking on me.
They don't believe in boating democracy and freedom of speech.
I'm just suffering from winter blues (for the first time) and cannot run to the warm weather in Mallorca.
Boat is on the Hard and will not be ready for 10-14 days so until then the Fairline owners will have to put up with my grumpy posts.
Next time your in Mallorca your very welcome to come along to Cala d'Or and i'll show what a real boat looks like.
jfm
Well-Known Member
Yup. I would say if buying a new build £2.5m boat from FL or Prin a year in advance you need to have a serious conversation about protecting your money. I would think it isn't necessary if buying a Sunseeker. That's all just my opinion thoughPrecisely. Only a few can say how much they actually charged and at what time intervals, but that is probably too personal/confidential to ask.
An SQ78 was stock price of about 2million, plus changes, could be 2.5million. I would not be surprised if they asked for 250k up front and 1.5million in stage payments before the boat touched water, and full payment before it is handed over for sea trials and tuning etc.
That would be a lot of dosh to part with, for over a year wait/build time, after all that has happened recently. Takes time to rebuild confidence. Unless you're a billionaire buying it out of the loose change in your pocket
Just on your description of the stage payment process, arguably you're better off with a production boat not waiting till the boat has done sea trials etc before making payment. The sensible thing to do, in my book, is hand over ALL the outstanding money when the boat is say 2 months from leaving the factory, and take ownership of it then (if not done even earlier). That's my general starting point on this aspect
petem
Well-Known Member
Next time your in Mallorca your very welcome to come along to Cala d'Or and i'll show what a real boat looks like.
I might take you up on that Doug!
DougH
Well-Known Member
Look forward to meeting you Pete.:encouragement:
MapisM
Well-Known Member
While I didn't agree with the equation inner moulds=better quality, I'm fully with you on this point. And I would even add a fourth area: bathrooms.
I've seen inner mouldings in the bathrooms of some Ferrettis for instance, and both myself and Ms.MM loved the practicality of that.
Of course, some folks might prefer to hide the very practical but not so glamorous gelcoat under some Bisazza tiles, but that's another matter altogether...
jfm
Well-Known Member
Haha! So long as they are genuine IT bisazza, it's ok.
Some uk tile company is making/importing lookalike bisazzas and supplies Princess :disgust: At least for customers who don't spec the genuine article.
Some uk tile company is making/importing lookalike bisazzas and supplies Princess :disgust: At least for customers who don't spec the genuine article.
crustysailor321
Member
You can't say that about Fairline:disgust:
No personal opinions allowed here.
The Fairline Police will be along soon and put you in a bilge cell for a week (or two).
Mind you all the bilge cells will be lined with smooth GRP and not Marine Ply.:encouragement:
Some people do have an unnaturally strong attachment to their boat brands, don't they?
One does wonder if Fairline built such incredible boats as their defenders say, why would it have gone out of business in the first place?
henryf
Well-Known Member
Presumably there are schemes whereby a trusted third party can hold payments. The builder is guaranteed the money providing they deliver a boat and the client is refunded their money in the event of a failure.
I appreciate the builder may need stage payments to fund the building process but a loan can be secured on the held funds. There is a cost associated but one assumes a builder would be very keen to secure sales so might work with you. They must realise customers are nervous.
Can the banks not arrange a ring fenced client account ?
I seem to recall all this being discussed some years ago both on the forum and in the magazine.
Henry
Portofino
Well-Known Member
Some people do have an unnaturally strong attachment to their boat brands, don't they?
One does wonder if Fairline built such incredible boats as their defenders say, why would it have gone out of business in the first place?
Survival of the fittest -Darwinian evolution in the buisness sence .
The catastrophic event was the banking crisis -post 2008 the market collapsed .
Those that could evolve the fastest were at an advantage .
Those who had backers with deep pockets would also seem to have an advantage .Fl has had a few backers in that period .
But think of this ---due to higher than industry average tooling costs in the two mould system -changing design could not be done rapidly enough to adapt to a shrinking market ,putting FL on a path to extinction .
Mean while the trad method builders (without the second inner moulding ) could just v quickly rearrange the ply interior to adapt -reinvent - a modal albeit on the same hull plug .Especially the interior spaces -mid cabins , bigger bonded windows
(look at the SS San Remo and medium size Pred for window usage )
For a arguably fraction of development costs ,come up with even a new hull plug and spin off a load more modals with the extra flexibility of the ply fit out , faster than Fl
Competitors at boat shows released new and exciting modals -while FL languished behind in the design stakes ?-just minor tweeking - Resulting in falling sales -like for like .
Sales ,Sales, Sales -for manufactoring
" Built incredibly well" that's all invisible to 98% of buyers
petem
Well-Known Member
Portofino, I can't see that building the second mould would increase the time to market for a new model. Market research, R and D, signoff, marketing would be where time is spent I imagine. Furthermore, there's no reason that the inner and outer moulds couldn't be built in parralel.
MedDreamer
Well-Known Member
No no Pete. It's them nasty Fairline owners that are picking on me.
They don't believe in boating democracy and freedom of speech.
I'm just suffering from winter blues (for the first time) and cannot run to the warm weather in Mallorca.
Boat is on the Hard and will not be ready for 10-14 days so until then the Fairline owners will have to put up with my grumpy posts.
Next time your in Mallorca your very welcome to come along to Cala d'Or and i'll show what a real boat looks like.
Best place for your boat at the moment Doug. Just arrived at our apartment in Cala D'Or today and there is a lot of work going on in the marina at the moment. Looks like they are doing some dredging down by the boat lift and your mooring, replacing all the paths and mooring services on the town side of the marina and relaying the perimeter road. Lots at dust and grime about. Hopefully all done before the season really starts
PowerYachtBlog
Well-Known Member
A big question on this depends if you are engineered to do it or not.
It becomes less costly and time sensitive if you build your operation around doing this in house with your design team.
But Portofino has a valid (very) point if you read between the lines.
You can easily change your boat if you go with certain traditional ways, and if you sell only five of them might still be good business turning a buck here and there.
If you go full modern way you might need to sell twenty of a model to start turning a profit.
Fully custom sportfish boat builders in East of the USA (Carolina - Florida areas) sell only a couple of boats yet these where the most healthy in recession times.
petem
Well-Known Member
Presumably there are schemes whereby a trusted third party can hold payments. The builder is guaranteed the money providing they deliver a boat and the client is refunded their money in the event of a failure.
I appreciate the builder may need stage payments to fund the building process but a loan can be secured on the held funds. There is a cost associated but one assumes a builder would be very keen to secure sales so might work with you. They must realise customers are nervous.
Can the banks not arrange a ring fenced client account ?
I seem to recall all this being discussed some years ago both on the forum and in the magazine.
Henry
Henry, you're right, it's been discussed before. The problem with the loan route is that it exacerbates the issue as either the client or the builder needs to fund the loan (if the builder funds it then it will reduce his margin making matter worse). On the other hand, builders that are profitable or have backers with deep pockets don't need this overhead as their customers can buy with a more confidence.
Pete
jrudge
Well-Known Member
I am on pontoon e ( displaced by the work !). Boat is Sohnar. Pop by if you are passing.
DougH
Well-Known Member
Hi Martyn,
Every upgrade to the marina has been left until the last moment so no different this time.:nonchalance:
Rick and Gill ( CLOUD9 ) who have just moved from UK to Cala d'Or and are on the boat for the first time this Easter hols. They were berthed on a temporary mooring just near the Yacht Club.
Give them a call as I'm sure they would welcome a chat with someone who can give them the low down on the marina and the local area.
They are really friendly folks.
Doug
DougH
Well-Known Member
Hi Jeremy,
Just seen your message to Martyn.
Could I also suggest you have a chat with Rick & Gill ( Cloud9 ) as they are "people' folks who are looking forward to becoming part of the marina atmosphere.
Doug