Showing posts with label boat finance. Show all posts
Showing posts with label boat finance. Show all posts

Wednesday, October 8, 2014

Gibbs Quadski Amphibious ATV

With this half-ATV, half–personal watercraft, Gibbs has created a fast first       


On-Sale Date: December

Price: $40,000

Competitors: None

Powertrains: 1300-cc BMW inline four; 175 hp. Power split to a limited slip rear differential (land) and a high-performance jet pump with reverse (water).

EPA Fuel Economy (city/hwy): N/A

What's New: Gibbs has been working on the concept of high-speed amphibious vehicles for 16 years. It produced a brief run of cars (the Aquada) that had to be aborted because of supplier problems. The Quadski is the first commercially available, practical amphibian that does both land and water brilliantly.

Tech Tidbit: When the Gibbs is ready for aquatic duty, two servomotors pull in the wheels. Those motors crank the CNC-milled upper-control arm mounts inboard, and the whole suspension pivots swiftly. Transitioning from land to water takes only 5 seconds.

Driving Character: I went into this test expecting the Gibbs Quadski to be a jack of two trades and master of neither. What I found was much better.

I grew up on ATVs, and so I laid into the Quadski on land. The huge power and limited slip differential work perfectly together, delivering as much performance as you'd expect from a straight axle quad. The machine uses BMW's constant-mesh six-speed transmission and a bespoke auto clutch that downshifts for you. It's convenient when you're in a mix of twists and straights.



The only trouble with the Gibbs on land is getting used to the left-thumb-button-actuated upshifts. It doesn't come naturally, but with practice it should be no problem. The machine is significantly bigger than most quads, though, so it simply will not work on tight backcountry trails. But on two tracks and in wide open spaces it's right at home. It can even manage some pretty good jumps.

In my only previous experience on a Jet Ski, I managed to misread a swell and separate myself from my machine by a 50-yard swim. Thankfully, such was not the case on the 40 F October morning in Michigan when I tested the Gibbs. The Quadski is completely predictable on the water. On land, the power output is electronically limited to about 80 hp for safety, but on water you get the full 175 hp out of the BMW inline four. Getting up on plane from a dead stop is shockingly quick. A 45-mph claimed top speed means it's no slacker on open water, and it handles wakes smoothly. With its wheels pulled up and away from the water line, the Quadski can execute turns and tight maneuvers just like a Jet Ski or Sea-Doo.

Favorite Detail: The most impressive piece of the design has to be the bargeboards (or are those Nerf bars?). They're perfectly designed for tons of leg leverage on land, and I didn't even get the cuffs of my pants wet on the water.

Driver's Grievance: Anyone who rides personal watercraft knows you do not get them into the shallows or you foul the propeller, which causes cavitation, a condition where the flow of water tumbles unpredictably and causes tremendous loss of in-water power.

I did this twice. Within an hour.

I can't really fault the Gibbs engineers outright, because I am not an experienced watercraft pilot. But perhaps a jet-intake guard at low speeds would be advisable, especially considering this vehicle is intended to transition through shallows all the time as it goes from sea to land and back again.



The Bottom Line: At a breathtaking cost of $40,000 for the first 1000 production units, you can believe the first takers won't be average weekend warriors. Yacht-makers are already designing these things into their vessels. But for the committed sportsman, the Quadski does answer a need for freedom to roam. Rather than take loads of time circling a lake, why not just traverse it? Likewise, if a waterway is the fastest route from A to B, now you can take it and pop out on dry land on the other side.

Gibbs is planning three more high-speed amphibians in the future. We hope they can get their prices down to the 15 percent premium over a comparable Jet Ski that founder Alan Gibbs believes he can build them for. Storing one toy in the garage rather two is a pretty alluring prospect. After the test drive I found myself trying to justify spending new-car money on this ultimate go-anywhere machine.
 
By Bill Schrama from Popular Mechanics Post
 
Finance this machine at www.boatfinance.com

Friday, October 3, 2014

Facts & Figures

The Statistics and Research department provides industry stakeholders with the latest boating industry forecasts, market data, research and trends.

Did you know ... 
Recreational boating retail expenditures (new and pre-owned boats and engines, trailers, accessories and services including fuel, repair, storage, insurance, taxes) increased 10% in 2012 to $35.6 billion. The industry’s rising tide creates 338,526 marine industry jobs (manufacturing, dealers/wholesalers, services) at 34,833 marine industry businesses.

Retail sales of new power and sailboats increased 10.7 percent in 2012 to 163,245 boats, demonstrating a post-recession recovery for the industry. It’s not just new boats Americans are buying. There were an estimated 969,000 pre-owned boats (power, PWCs, and sail) sold in 2012, an increase of six percent from 2011.

Americans are taking to the water in record numbers: Of the 232.3 million adults in the US in 2012, 37.8%, or 88 million, participated in recreational boating at least once during the year. This is a six percent increase from 2011 and the largest number of US adults participating boating since NMMA began collecting the data in 1990.
Further insights ...
93% of the boats sold in the U.S. are made in the U.S.
95% of the boats on the water are 26 feet or less.
76% of boat owners have a household income less than $100,000.

Source: National Marine Manufacturers Association, 2012 Recreational Boating Statistical Abstract

Posted by Bill Schrama

Need a boat loan visit www.boatfinance.com

Sunday, August 10, 2014

A Fishing Adventure on Martha's Vineyard

Old guys and the sea

About 15 years ago, my son and I decided to take the grandkids on a deep sea-fishing rip. We were living in Martha’s Vineyard at the time and the family was visiting. We called on of the Charter captains in Menemsha and got a rate and a date. (As an aside, Menemsha is where a lot of the boating scenes were filmed for Jaws)

Bright and early we packed everyone into the car and drove up Island for our date with Captain Jack. He turned out to be a rather nice young man who made his living doing charters. He charged by the half-day and we could pile as many on his boat as we wanted. There were 8 of us and we brought our lunch and a cooler of sodas for the kids.

We left and the kids were all excited. The captain said he would explain everything to us once we got to his sweet spot. He said he was the only one that never came back without a fish. The rule is, “No fish, you don’t pay”. He said all the other fishermen wanted to know his secret and actually followed him when he set out to fish.

The trip was beautiful and in the morning sun the Vineyard is spectacular. We rounded Gay Head and headed for a place called Squibnocket. Captain Jack pointed out the shoreline and said this was the area here Jackie Kennedy had her family compound. In fact, it was the area where John Kennedy crashed his plane in the morning fog. People assumed he was trying a fly over to show the passengers his mother’s place and got disoriented.

We anchored and Captain Jack started his tutorial. At the stern he had this Trolling chair and said we would all get a chance to fish one at a time. He took my grandson Kyle and strapped him in and gave him the gigantic rod and reel. The line was 100-pound test and it had a steel wire leader with the hook attached. He said, if he didn’t use that the fish would bite through it.

He then reached into his bag and pulled out a 10 in section of red surgical tubing and placed it on the hook. He did all this while shielding himself from the other boats nearby. He said the surgical tubing was his secret weapon and vowed us all to secrecy. The kids loved the solemn nature of the moment.

The line went overboard and he started the engine and began a slow trace of the shoreline keeping his eyes on the fish finder.

 All of a sudden – Wham, Kyle had hooked a monster Striped Bass. The Captain came back and showed Kyle how to work him toward the boat using the reel and slack line. The Kid was excited and when the fish broke water, I thought Kyle was going overboard. We got the fish on the boat and measured him. In Massachusetts the fish has to be a minimum 28 inches and weigh more than 30 pounds (this has changed since we went). Kyle’s fish met the qualifications but we decided to go for bigger. Captain Jack then pick up the fish over his head and shouts towards the other boats and heaves the fish overboard. The yells and screams from the other boats were kind of enjoyable. His message was “Don’t mess with Captain Jack”

We did this for the next 2-3 hours and everyone got a chance. By Law we could only keep 1 fish for each person fishing so our keep limit was 7. We caught 35 and threw the rest back keeping the largest. 7 fish. The ones we released were all alive when we let them go.

By noon we were headed back to port with our catch. Everyone seemed to have a smile on their face and I hoped it would be an experience they would remember.
The Striped Bass is a beautiful fish and size can go up to 50-60 pounds. Just watching the smallest grandchild reeling one of these in was a joy. It wasn’t easy for them and it’s like hooking into a small refrigerator. Kyle was the weight winner of the day at 42 pounds.

When we got to Port we had to unload our catch. Our 7 fish weighed in at over 200 pounds and Captain Jack started the process of filleting the fish. He had this beautiful boning knifes and was an expert using it on the fish. The kids all stood around him watching the process and up on the dock about 75 people stopped to gawk at Captain Jack and he made a grand show of his artistry. It was free advertising for him

What a day! We thanked the Captain and headed home with enough fish for a month. The conversation going home was excited and everyone had stories to tell their friends

That night some of the catch was our dinner. 



Tuesday, August 5, 2014

Boat Engine Comparison: Outboard vs Sterndrive vs Jet Drive

When Glastron said it was making a runabout available with three different power types we jumped at the chance to pit: outboard versus sterndrive versus jet drive.

Outboard, sterndrive or jet drive: These are the available power choices in today’s runabout market. Glastron recently achieved a trifecta of sorts, becoming the first boatbuilder to offer the same 18-foot bowrider with each power option, which presents us with a golden opportunity — the chance to finally mount a real head-to-head comparison of outboard, sterndrive and jet propulsion. Glastron provided an outboard-powered GTS 180, a sterndrive-powered GTS 185, and a jet-powered GTS 187 for trial on the same day at its test facility in Cadillac, Michigan. We compared performance, dimensions, features and cost to see if one power option would prove superior. We encountered the expected compromises with each powertrain, but there were a few surprises too.
Boat Basics
From the aft seat forward, each of these Glastron boats is exactly the same except for slight differences in controls and instruments. The 18-foot Glastron is a sharp-looking bowrider. It’s designed to compete in the affordable segment of the price spectrum. The fiberglass deck incorporates the bow seating and aft seat base but does not feature a full-cockpit liner. A separate floor, or cockpit sole, is bonded to the top of the fiberglass stringer grid that’s bonded to the hull. The exposed areas of the inner hull are covered with attractive “chain weave” vinyl material. Instruments are presented in deep aluminum bezels above a spider-spoke wheel; the bucket seats have flip-up cushions; and positive pin latches secure the lift-off cushions over stowage in the bench bases. These boats are typical of the breed, but well executed.
You’ll note that the length overall for each boat is slightly different. The outboard’s transom makes that boat 2 inches shorter than the sterndrive. The jet is 18 inches longer than the other two because its extended swim platform is a standard feature. The jet also carries three more gallons of fuel because it has a different tank shape to accommodate its required in-tank fuel pump.
Our test boats were rigged with the power option that is most popular on each model. The GTS 180 featured a 3.0-liter V-6 Mercury 150 FourStroke outboard. The GTS 185 had a 220 hp MerCruiser 4.3 MPIC under the hatch. The GTS 187 was powered by the 250 hp version of the 1.5-liter, three-cylinder Rotax 4TEC engine, which is supercharged, intercooled and catalyst-equipped. That’s a big spread in power, but testing would reveal that actual performance was pretty close. We conducted performance testing with crew and ballast totaling 700 pounds.
Outboard vs Sterndrive vs Jet Drive

Weight
We used Rec Boat’s tech-center scales to weigh the test boats. There’s a spread of 610 pounds between the outboard, our lightest version of the boat, and sterndrive, the heaviest version, with the jet weighing 60 pounds more than the 2,120-pound outboard-powered boat. This weight difference will affect every aspect of performance and economy.
Performance
Top speeds for the outboard and sterndrive were very close, at about 49 mph. The jet ran 43.5 mph, handicapped despite its power advantage by its lack of trim, which on the outboard and sterndrive let us raise the bow and reduce drag. It’s important to note that the running surface of the jet-powered GTS 187 is specific — Glastron did not simply drop the jet drive into the sterndrive hull and call it a day. There’s a huge weight difference between the two powertrains, and the thrust angle makes the boat handle differently. We were told the jet hull has much less deadrise forward and less lift aft.
The jet has a clear advantage in acceleration. We tested 0 to 25 mph “light” with one person on board and “heavy” with the equivalent of six 175-pound people on board. The jet simply lifts and leaves when the throttle is punched, blasting off with no bow rise. The outboard exhibits slight bow rise but is only about a second behind the jet to 25 mph. Bow rise blocked our view forward for a moment when the sterndrive accelerated, and with the heavy load the sterndrive was a slug, struggling to get on plane.
Fuel Economy
That the outboard proved most efficient is obvious — with just 150 hp it can match or exceed the performance of engines making more than 200 hp, as our performance charts show. At cruising speed the outboard manages 5.0 mpg, 25 percent better than the sterndrive and 52 percent better than the jet. We don’t have a good explanation for this beyond the fact that the sterndrive boat weighs 600 pounds more than the outboard, and the jet drive system is less efficient than the outboard’s propeller. Also, while the jet’s appendage drag is less, since no gear case is being dragged through the water, this may result in increased wetted surface of the hull, since it offers no ability to trim the boat.
Note that each of these engines has a different operating range — wide-open throttle is 5,000 rpm for the sterndrive, 6,000 rpm for the outboard and 8,000 rpm for the jet — so each also has a different cruising rpm. For this comparison, rather than select each boat’s best possible cruising speed, we picked a “pleasing” cruise speed, because in the real world you are not going to want to wobble along just on plane. At speeds below 7,000 rpm, the jet-powered Glastron felt like it was wallowing just a little. It likes to have more pressure under its hull to feel planted in the water. That happens to be about 35 mph, so we compare the other two boats at a similar speed in the water.
Sound Level
This is another easy win for the outboard. At cruising speed the outboard is 6 decibels (dbA) quieter than the sterndrive and 11 dbA quieter than the jet. The dbA scale is logarithmic, so a change of 10 dbA is a change by a factor of 10. Which means the jet is more than 10 times “louder” than the outboard. An outboard engine has many design advantages that keep sound levels low in the boat cockpit. It’s located farther away, on rubber mounts that isolate its vibration from the boat. It’s also enclosed by a tight cowl and can be fitted with an attenuator tuned to significantly reduce intake noise. Both the jet and sterndrive have to comply with U.S. Coast Guard flame arrestor regulations that essentially leave the intake unmuffled. The jet is further disadvantaged because its entire powertrain is mounted within the boat hull, so part of the noise of a jet drive is the flow of water through the pump and the sound of cavitation on the low-pressure side of the impeller. The jet also runs at much higher rpm, and this higher-frequency sound is more irritating to the human brain.
Aesthetics
Choosing a boat is not always a rational decision, and the look often trumps performance, economy and noise. There’s no question a lot of people really like the classic lines of a sterndrive runabout with a big sun pad over the engine and a full-width swim platform. An outboard motor ruins that clean profile, breaks up the platform into a pair of small shelves, and often requires a motorwell that intrudes on lounging space aft. The jet is also inboard, but its little in-line triple engine is much more compact than the V-6 sterndrive engine, and has a lower profile. This creates more styling possibilities aft, and in place of a sun pad, the Glastron GTS 187 has a pair of aft-facing seats with bottom cushions just above the level of the boarding platform. The jet powertrain is rather long, and the area below the center aft cockpit seat is devoted to service access to the front of the Rotax engine and the electric fuel pump, rather than stowage.
Operation
It took a sandbar on Lake Cadillac to remind us of a key virtue of jet power. We “polished the prop” of the sterndrive when we hit bottom. The jet, which draws just 14 inches at rest and perhaps 6 inches on plane, would have skimmed right over the bar. Research shows that owners also value the simple operation of a jet-powered boat — controls are limited to forward and reverse, and steering. There’s no trim to think about, no prop to ding up. Compared with the outboard and sterndrive, the jet is mechanically simple. However, because the jet pump has no rudder, it does not track well at no-wake speeds and, until you get the hang of it, can be much more difficult to control around a dock or when loading a trailer. The jet has very quick steering — just 270 degrees lock-to-lock on the wheel compared with 3.6 revolutions for the outboard and 4.5 for the sterndrive — which requires some reflex adjustment. The jet is willing to make buttonhook turns that would send your crew crashing across the cockpit. Let’s just say it’s very agile.
The trimability of the outboard and sterndrive enhance performance and economy, but the aluminum props on our test boats would blow out if we tried to make an assertive turn without first trimming back down, so that’s one more thing to think about at the helm. Submerged sandbars, rocks and stumps pose a potentially expensive risk to props and drives. You are less likely to suck sand or gravel into a jet pump and damage the impeller and sacrificial wear ring.
The outboard is so quiet you can have a normal conversation at cruising speed. The V-6 sterndrive engine vibrates quite a bit at low speeds and sounds relatively coarse at all speeds. The jet is obnoxiously loud, unless you’ve being riding a personal watercraft and don’t know any better.
Conclusion
On paper, the outboard power system is a clear winner. In this comparison, the Glastron GTS 180 with a Mercury 150 has the lightest weight, the best fuel economy, the quietest cockpit, and performance that matches or exceeds those of the sterndrive and jet. But the outboard loses big points for looks and the “livability” of its stern area. The jet is the least expensive, accelerates fastest, is easy to operate and has a clever lounging area, but it’s thirsty and noisier. In this comparison, we think styling is really the only reason to choose the sterndrive-powered boat. We say, “Wise up, America!” and buy the outboard.

By Chales Plueddeman  Boating Magazine online

Posted by: Bill Schrama

Need a boat loan to purchase a boat or repower your current boat visit www.boatfinance.com  

Friday, June 20, 2014

Financing a used boat purchase

Financing a Pre-Owned Boat

Purchasing a pre-owned boat can be a very good choice if you want to save thousands of dollars or get more boat for your money. Boats depreciate the largest percentage in the first 2 years. After 2 years if the boat is maintained the values hold strong.

If you're buying a pre-owned boat from a dealer you will likely get a helping-hand with the loan process. Many dealers have a Finance Manager on staff who can handle the whole transaction, from assisting with the application, vessel titling and through to the loan closing.
Other dealers may not have a finance specialist on their staff, but they may employ an outside loan service company that handles all the same tasks, and it will arrange all of the details.
Some dealers may simply send you to a bank or financial service company they refer business to, to have them handle the transaction.

You can save even more money by looking for a private seller and cutting out the dealer as the middle man. There are a few specialty lenders out in the market that will finance private party purchases and assist with the settlement. This is a great service because your getting the resources of a professional dealership with the savings of a private party pre owned boat purchase.

Boat Finance LLC located in North Palm Beach Florida offers financing for all types of used boats from $5,000 and up. Please visit our web site at www.boatfinance.com for more information.

By: Bill Schrama

Friday, May 16, 2014

Small Boats & Power Boats

Small Boats are quite economical, maintenance free, fewer accessories can be added and easy to transport and they can be easily constructed with few weekends. They can be built very easily if you have some basic woodworking skills. Small boats work perfectly alright with novice boat manufacturers and it allows you to get the feet wet in process of producing the boat without undergoing all the risk and frustration. There are lots of producers in the market, who have built ample of boats till today and still love to produce them. Some of the most common materials used for building these boats are wood which is suitable for woodworking builders. The boat building techniques is a stitch and glue method which is considered as one of the easiest methods to implement.

You can easily find small boats for sale and diving. There is great amount of satisfaction and enjoyment in owning one of these beautiful boats. Materials like timber will be an excellent choice for beginners and tools required to build these boats are cutters, measuring tools, sanders, hammers and files. You can imagine the multiplication of satisfaction and enjoyment, those who are building one of these boats. Once these boats are produced there are several different ways to enjoy them such as packing the lunch and cruising up the river, going on a fishing trip with friends and family on the ocean and scuba diving which is one of the popular past times.

Boating is quite wonderful with power boats and most of them are in common with sail boats; they are equipped with engines and have similar maintenance. The major difference between sailboats and power boats is that sailboats don’t have to depend on engines for travel. Those who are looking for power boats for sale; the best place to look for them is over the internet with online dealers as they have lots of dealership networks. The power boats come with ample of space and provide you with different areas and levels to hang-out. In the aft cockpit area there are deck chairs and BBQ, or fighting chairs. There are some other amenities which include entertainment center it wet-bar, lounge on foredeck and flybridge for relaxing.

Once you head inside the sliding glass doors of power boats you will find all entertainment features and amenities like home such as living room with chairs and couch carpeted with some counters and coffee table, big windows with curtains for ample of lights, television in spacious area, closet, comfortable stateroom, drawers, vanity, television and entertainment center. There are lots of other features such as personal preference to heat and air-conditioning, trawlersArticle Submission, big cruisers and houseboats.

by DelfinAshley of BoatPointPark.com March 2011