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Cactus RV - When the house of cards falls..

Discussion in 'RD's Lounge' started by RiverDave, Oct 4, 2019.

  1. RiverDave

    RiverDave In it to win it

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    This is Cactus Rv Center in havasu. NOT TO BE CONFUSED WITH Catctus RV in Tucson.

    Sherriff’s over there this morning with the flooring companies taking RV’s & boats.

    I can’t confirm first hand but my buddy was there this morning saying at least one boat was in for service that the flooring company hadn’t been paid for and they will he taking the boat back so he’s likely up shit creek.

    All the RV’s were moved out of there this AM.

    If you have a deposit down there or were going down there for service or warranty work I’d get in the truck immediately.


    Not to be confused with other cactus arc’s in AZ! Just Havasu
     
    Last edited: Oct 7, 2019
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  2. sirbob

    sirbob Well-Known Member

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    If he did a legal purchase wouldn’t the boat owner be protected - not his fault the dealer didn’t pay the bank?
     
  3. ChumpChange

    ChumpChange Commercial Banker

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    Feel free to google the Lamborghini Newport Beach story...
     
  4. JayBreww

    JayBreww Well-Known Member

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    Popcorns in the microwave.


    Sent from my iPhone using Tapatalk
     
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  5. DRYHEAT

    DRYHEAT Well-Known Member

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    Does Tim have a brother? :D
     
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  6. RiverDave

    RiverDave In it to win it

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    Word on the street is there was a lot of cash deals and the cash was pocketed and now one of the owners is gone.

    No titles no boat boat, no trailer trailer. One was in for service or warranty or something and the flooring company said “we are taking that one too”. Unfortunately I am pretty sure the guy is an rdp member.
     
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  7. RiverDave

    RiverDave In it to win it

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    Does cactus employ some of the same people? (Yes. Lol)
     
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  8. bldrinker

    bldrinker Well-Known Member

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    What does the flooring company have to do with REPO’ing boats?
     
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  9. ONE-A-DAY

    ONE-A-DAY Well-Known Member

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    Magic Boats fast forward a ten years....
     
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  10. c_land

    c_land Well-Known Member

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  11. ChumpChange

    ChumpChange Commercial Banker

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    Not repossessing but taking back the inventory that they have financed for the business. Violation of Trust with Flooring.
     
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  12. riverroyal

    riverroyal Well-Known Member

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    is there a member that told us Cactus was great and business was booming? Maybe im thinking another dealer...

    Not shocking
     
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  13. ChumpChange

    ChumpChange Commercial Banker

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  14. ONE-A-DAY

    ONE-A-DAY Well-Known Member

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    They manage the credit line that pays for the inventory, they get paid monthly for the loan, likely that wasnt being done and or they were selling them and not paying off the credit line, keeping the money. The inventory is the collateral for the credit line.
     
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  15. LargeOrangeFont

    LargeOrangeFont Steers With Throttle

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    Oh nothing to see here, this is just a misunderstanding. :rolleyes:
     
  16. Bigbore500r

    Bigbore500r Well-Known Member

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    Aaaaand there it is. My buddy had issues with them just trying to get his new toon serviced and an estimate for insurance damage. Knew they were screwed up behind the counter but not to that extent!
     
  17. EmpirE231

    EmpirE231 Well-Known Member

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    Never dealt with them, but I thought I heard they were a good RV dealership? pretty sure this is a place a lot of people from glamisdunes.com deal with.... unless I have the names mixed up.
     
  18. ONE-A-DAY

    ONE-A-DAY Well-Known Member

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    And the interest rate on each unit in inventory increases over time, thus why a dealer wants to move cars that have been sitting on the lot a long time, and also why they dont want inventory that isnt likely to sell quick. My dad was a chevy dealer and he used to flip out when chevy would send him green cars and trucks, they took forever to sell.
     
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  19. Bigbore500r

    Bigbore500r Well-Known Member

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    Cash deals....like cash deals for 2 pontoons? :eek::eek::eek::eek:
     
  20. riverroyal

    riverroyal Well-Known Member

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    paging 2 forceful
     
  21. ChumpChange

    ChumpChange Commercial Banker

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    The interest rate doesn't increase but the dealer has curtailments which requires them to pay down on the principle balance, thus reducing the risk to the flooring company of slow moving inventory.
     
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  22. OLDRAAT

    OLDRAAT inadequate member

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    Money pocketed before boat delivery.....shocking.:cool:
     
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  23. Done-it-again

    Done-it-again Well-Known Member

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    Don’t think it’s the same one. Same name yes, different company. It was discussed on here before.
     
  24. riverroyal

    riverroyal Well-Known Member

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  25. DRYHEAT

    DRYHEAT Well-Known Member

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    I don’t know but if I paid cash and have not received a title on a trailer or boat yet I’d be a little worried. OK maybe a lot worried.
    Same thing if making payments and no payment book yet.:eek:
     
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  26. OldSchoolBoats

    OldSchoolBoats Boatless

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    Well........when you are sitting on a bunch of junk pontoon inventory, being sold for insane prices, this doesn't surprise me. These guys had boats all over the place just rotting in the sun.



    Sent from my SM-N960U using Tapatalk
     
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  27. Big B Hova

    Big B Hova HOSS

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    Maybe they moved all the inventory so the flooring company can install new floors?
     
  28. Riverfamlee

    Riverfamlee Well-Known Member

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    Was this joint on that moved to the dirt lot?
     
  29. RiverDave

    RiverDave In it to win it

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    Still have a ton of pontoons out front. All but one of the RV’s is gone.

    The empty rows is where the RV’s were.. we drove by it on the way home yesterday and I was saying “god damn that’s a lot of inventory.” Had no idea most of it would be gone this am.

    B1FBEA6A-6534-4C8C-9C25-72F995733A9E.jpeg 3E46E847-7F31-4BAC-8A5A-08B2241DA359.jpeg F5DAB33E-8D05-4B73-B2B0-E1CCC208AA8C.jpeg E242BF71-D821-4664-B945-00D14D59CF9C.jpeg
     
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  30. riverroyal

    riverroyal Well-Known Member

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    is the door locked?
     
  31. Bigbore500r

    Bigbore500r Well-Known Member

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    Eh....who needs a trailer anyways

    [​IMG]
     
  32. sirbob

    sirbob Well-Known Member

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    Flooring companies have a lot of power - just ask Magic Boats...
     
  33. 2FORCEFULL

    2FORCEFULL Well-Known Member

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    I went there this morning to buy a new pontoon,they must have had a big sell after I left......
     
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  34. 2FORCEFULL

    2FORCEFULL Well-Known Member

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    they hauled them there with no trailers....couldn't they just haul them away the same way they got there???
     
  35. OldSchoolBoats

    OldSchoolBoats Boatless

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    Wondering if the guy who bought your Cheetah got his title

    Sent from my SM-N960U using Tapatalk
     
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  36. riverroyal

    riverroyal Well-Known Member

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    sure, with a crane to load. Didnt you swear by this place?
     
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  37. DRYHEAT

    DRYHEAT Well-Known Member

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    Rack storage starter kit? :D
     
  38. 185EZ

    185EZ Well-Known Member

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    It was kind of a joke but yes they bring them in on big trailers and unload with a crane. I would bet more involved if in fact they are going to take the toons
    After giving them a third chance and what they offered me for trade in prices on my boats they can pound sand.
    Their prices aren't really that great anyway
    After today I can't imagine anyone walking through the front door
    g'bye
    Sincerely,
    pain in the ass
     
  39. ChumpChange

    ChumpChange Commercial Banker

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    True they have a lot of power but Magic was a whole different story.
     
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  40. sirbob

    sirbob Well-Known Member

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    I thought they were the ones that closed them because they were popping hulls and calling them finished boats and getting the cash???
     
  41. FreeBird236

    FreeBird236 Well-Known Member

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    No that's JR's, I think he's legit.
     
  42. JB in so cal

    JB in so cal Well-Known Member

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    OutCole'd and hawgty55 like this.
  43. ChumpChange

    ChumpChange Commercial Banker

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    They were. But that was a different story as they were the manufacturer and the dealer. Have a whole lot of other things that went along with that debacle.
     
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  44. Blackmagic94

    Blackmagic94 Well-Known Member

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    Cactus RV of Tucson has no relationship with this company in Havasu for clarification. I am personal friends of the owners and I can vouch for that information as 100% correct. Also Cactus Rv Tucson is 100% in business and good to go.
     
  45. Singleton

    Singleton Well-Known Member

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    That’s only part of it. Flooring company did call the loans, but multiple issues sunk that boat.
     
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  46. HGP3

    HGP3 Well-Known Member

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    Flooring company?
     
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  47. Singleton

    Singleton Well-Known Member

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    Fancy name for a bank
     
  48. throttle

    throttle c ya on da lake

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    well... certainly not what a customer likes to see, hear or read about. I hope not to offend anyone, and I am not going to bat to defend anyone either right now. As a customer, I purchased my toon from Cactus, I felt I was treated fairly. A few hiccups along the way, but I managed the necessary follow ups.

    Seeing and reading this caught my attention. I feel that I have got to know a few people that work there that have been helpful with my service and warranty needs, so I decided to call and ask if things were ok. Things seem odd, but not always straight forward. Sounds like there are some changes taking place and some work being done over the next 2 weeks or so. I was told that some inventory was being moved, when I asked if units were being taken away or repossessed it was denied.

    Paging @warlock250, I know you have a target on your back here with some inmates, but maybe you would like to share some additional light on the future for us as customers.
     
  49. throttle

    throttle c ya on da lake

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    I should add, I was told that they were going to be redoing and cleaning the floors.
     
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  50. GETBOATS

    GETBOATS Well-Known Member

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    Depending on the deal made between the manufacture and the flooring company, the dealer is responsible for the interest rate, and it absolutely increase as the unit ages.

    curtailments can be as high as 2% of invoice each month
     

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