Hunter announces Certified Pre-Owned program

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Phil Herring

Alien
Mar 25, 1997
4,923
- - Bainbridge Island
We just received a press release from Hunter Marine announcing the introduction of a certified pre-owned boat program. Here's how it works: Hunter sailboats up to seven years old can be subjected to a 160 point inspection and reconditioning program. Following that process, it will be re-sold with a one year warranty on key parts and components. Eighteen Hunter dealers are participating and will offer the certified boats. To our knowledge this is the first program of its kind in the industry. It should have an interesting ripple effect in the market: dealers should have more capacity for trade-ins on new boats, and we think resale value could be higher for well-maintained, late model Hunters. It also provides some security for a first-time buyer... I know I would have appreciated a warranty when I bought my 35.5. We'll try to get our hands on a list of the participating dealers. Meanwhile, what do you think?
 
Jan 2, 2005
779
Hunter 35.5 Legend Lake Travis-Austin,TX
Sounds great...

a testiment to their commitment to quality. Should be a plus for any "used" buyer.
 
Feb 10, 2006
75
Hunter 25 Forked River, New Jersey
Good Move By Hunter

Boat sales are down over 50% compared to a year ago (source USA Today)and verified by several Hunter dealers. I think it is a good move to stimulate people buying. If the Fed would drop the interest rates another point or two, it would also help.
 
Sep 24, 1999
1,511
Hunter H46LE Sausalito
this might help shore up...

...a classic weakness in the Hunter package, which has been resale value. They could do more in this regard by weaning themselves of the practice of discontinuing models so frequently. My hull number is 350, which means that it's the 250th of its line, since they start numbering with #100. During a relatively short time the model went from being the h460 to the h466 to the h46 to the h46le, and the line was discontinued after my hull was built so they could introduce the new 49. What a huge difference from Catalina, which, after manufacturing a zillion C42s, introduced the C42 MkII, which is so close to the original that it races under the same PHRF handicap. The difference between the two manufacturers is that if you purchase a new C42 Mk II today, you don't have to worry about taking a resale hit if they discontinue the boat tomorrow. The seven-year mark where they'll cut this program off is a fairly nasty point, because that's usually when production boats come out of charter and are dumped on the market. I kept my h410 eight years, and was shocked at how much its value dropped at the point that sisterships began coming out of charter. Boats over in Ft. Lauderdale were being sold at half the original base purchase price in order to move them quickly, and it had a huge negative influence on the prices of boats that hadn't been in charter. My guess is that this program has been designed mostly to help the dealers, who end up getting stuck with so many used Hunters that they are now forced to buy back from those of us who traded up to a new size. With boat sales slowing down the way they have in the past year, dealers have been forced to take trade-ins that they wouldn't have touched ten years ago. But if they don't take the trade-ins, they won't sell the new boats. Hence, the new "Certified" pre-owned program.
 

Phil Herring

Alien
Mar 25, 1997
4,923
- - Bainbridge Island
Is resale a weakness?

I have always heard that but it contradicts my own experience. I regularly see 35.5's selling at the same price I sold mine for in 1993, and 42's selling for slighly less than my sale price in '97. Granted, that's not keeping up with the cost of money, but it's not bad either. I do see some weakness in the fiberglass arch era, but otherwise resale looks generally good to me. That said, I wish they'd quit changing the model designations, too. Messes up the site. :) On the other hand, I can tell you first-hand that aftermarket parts are tough to sell when you've got to know the boat's year of manufacture. We've just about given up on the Catalina 30 because it seems no two were built alike. I'm curious though, because I gather you have bought and sold both Hunters and Catalinas -- what's your experience been?
 
T

TN

Mostly a marketing stunt without real substance

I've owned two new Hunters. Considering how underwhelming the warranty support has been for the brand-new boats, I can't imagine what the "certified pre-owned" level of support will be. The only thing Hunter is expert at is building boats. And their dealers are expert only at selling them. Everything else they do in an amateurish manner. In the five years I've dealt with the dealer in my city, it was only in the last few months that any semblance of organization was apparent from thier service department. My experiences dealing directly with Hunter have run the gamut from acceptable to horrible. Some of thier fixes for problems on my 216 were amatuerish and the communications to me from the warranty manager at Hunter for my H27 were flat out rude and disrespectful. My hunch is this is one of those ideas that sounds great, but Hunter probably has a lack of expertise and lacks the in-depth knowledge to actually make it a pleasant proposition. However, I hope I am wrong for my boat value's sake!
 
May 11, 2005
3,431
Seidelman S37 Slidell, La.
I'm not sure but

This sounds to me like it could very well be somewhat of a marketing thing, to give the Hunters a little bit of a leg up in this slow market. This kind of thing can certainly not hurt the used Hunter market, and could be the deciding factor for many looking at used boats. The auto industry has been doing this for years, and if it didn't work would probably be dropped like a hot rock. I also have to agree with TN, concerning the dealers knowledge. A friend of mine has a new H36, and the dealer service and attention has been a joke. Matter of fact, he has nicknamed the service guys "The Three Stooges." Most of the accessory, warranty and commissioning work these guys did, had to be done over. They appear to have limited knowledge and have never heard the words "attention to detail".
 
Sep 24, 1999
1,511
Hunter H46LE Sausalito
you may be right, Phil

the 410 I sold last year was from what you're calling "the fiberglass arch era." here's hoping my new one will hold its value better (despite being a discontinued model that's only a year old.)
 
E

Ed Fluss

Your Crazy. Hunters (1997 on have great resale

I have had 3 Hunters since 1997 and all had great resale value. Admittedly I did struggle with some issues at delivery (as my friends with Catalina and Jeannau did as well) but Hunter has come up fathoms from the 1980's... This "pre-owned" program may be marketing, may be to stem off a crisis of so many boats being sold due to the sub-prime like crisis and on and on...but for people looking for good value and some degree of comfort buying a used boat it is FANTASTIC. Hunter now just needs to move to Diesel Electric motors and a way to get serious solar power on the boat and they will corner the market!
 

Alan

.
Jun 2, 2004
4,174
Hunter 35.5 LI, NY
Diesel Electric

...is a proven technology that has been around for over 100 years. Many cruise and cargo ships built since late 1999 have been using diesel/electric with great success. The Fischer/Panda unit is twice as fuel efficient as the current diesel direct drive system and eliminates the need for thrusters in tight quarters. I agree that if Hunter initiates use of diesel/electric they would kill the competition.
 

Clark

.
Jun 30, 2004
886
Hunter 280 Lake Guntersville, AL
Interesting topic and side trail(s). (Edited)

Did a google on these units and looks like my questions were answered. Probably not economically feasible in sailboats smaller than 34 - 36 feet(?)
 
E

elle ...ragdoll

Certified used Hunters...not a new idea

Hi, Phil, This is not a novel idea in the boat indusrry. Stan Spitzer owner of General Boats, Inc. of Edenton, NC, makers of the Rhodes 22,(a Philip Rhodes design) have been 'recycling' boats for years, as well as making and selling new ones. They buy back used boats from owners who for whatever reason are selling...then contact their list (usually a long one) of interested buyers, matching them with a boat that is close to their needs. Then the recycling begins....safety features first, then configuring the boat to any specific need of the prospective owner. The recycled boat also comes with a NEW BOAT guarantee. Stan will assist with getting the buyer into a boat that will suit his manner of sailing....and he is a man of his word. I recently purchased a 'recycled' '92 R22..and it looks as new as the day it rolled out the factory door.
 
T

ted

details

I too am interested in seeing this 160 point checklist. How will this be different than a survey? I recently sold my boat. The broker insisted I get a survey before they would list it. They were tired of spending time on marketing boats to only then discover a poor survey and loose the sale. If the boat surveys well, THEN they will list your boat. This checklist could be all that and more. Or it could be fluff, like "gee we replaced the fire extinguishers" so pay us a 15% premium! I'm shopping for a 6 to 10 year old Hunter. I watched the sold prices of big Hunters drop aproximately 20% from spring to fall this year. Anybody know if this is the usual amount of seasonal swing or is it the mortgage meltdown? I think I'll be buying in the spring and it will be interesting to see if the prices bump back up much.
 
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