anybody getting deals on repossessed boats?

I got a sweet deal on my boat (repo'd) last winter. We had a full survey and sea trial before accepting the boat. The only hassle was that the former owner went bankrupt right after I put the cash down on the boat, which delayed the close. I had to wait a couple of months to take possession of the boat while the bankruptcy court went over things. The broker did pay me good interest on the cash they were holding, so that worked out OK.

Then the vessel documentation center took months to return my documentation...DOH.
 
Did the salesman do something wrong? Wouldn't a broker in a normal situation do the same?-- Make offer (including deposit and contract for sea trial) ????
 
Bliss, These boats are in there pond on there property pluged into shorepower! When you buy a car,truck,pwc,rv the first thing that I do is hear it RUN! I didnt have a dog in this fight,but my buddy had a pocket full of cash!!! The salesman was alittle jerky! His TONE was unacceptable IMHO! I left and went to the car......
I guess my point is this: If he would have cranked the boat like he was asked he MIGHT have sold a boat that day!
 
You have a point. Maybe there was a hidden agenda. What? Beats me.
 
Sounds like he just reacted badly to the all too typical buyer who wants to take a test drive of a boat, thinking the process is just like a car, and THEN make an offer. I've got no problem letting someone here an engine run, but were not leaving to dock without a contract.
 
What Jay hasn't told you is, they flew 300 miles to look at the boat. Anyone who travels 300 miles to look at a boat I've got for sale is going to get pretty damn special treatment.
I sold a boat about 4 months ago to the second looker. Had it in the water warmed up, took a ride after showing all the points of the boat. Was talking trade conditions & money on the way back to the dock. Screw the"usual BS" in this market. If you get a suspect, better do all you can to turn him into a prospect,QUICKLY.
Just my, boat sold 2 cents worth.
 
If you haven't already, look into Craig's List. It's FREE, and gets nationwide coverage. They only allow 4 pics, but you can post a link to a Photobucket slideshow with as many pix as you like. Worked for me...
 
You don't need a repo to get a great deal. Find waht you like and make an offer. Not just 10% but maybe 30% or more. Who knows, they my just take it. It also helps to be in an all cash position.

Dave
 
A gal at our club got an AWESOME deal on a Repo'd 2002 Maxum 330...low hours and for $35k. This was about a month ago. She purchased it down in Maryland. The thing is though, I was talking to the crane operator at our club and he said the boat was supposed to be delivered a couple weeks ago...he was on standby to lift it off the flat bed...however, it hasn't shown up.

I sure hope she didn't get taken, she's a nice person.

Be careful, if it sounds too good to be true, it just might be!
 
I sold my 1999 SR 270 this summer to a couple that drove 180 miles just to look. It was clean on the trailer behind the truck ready to go to the river. After a he had the chance to operate the boat on the water they loved it. Got real close to my price. He pulled it home that evening. I have spent my whole life selling machinery, airplanes, boats and houses. Some of these yacht brokers are very good at what they do but some of them don't have a clue. That guy Jay ran into on the repo yard did not have a clue.
 
The sales person didn't own the boat. So, no money came out of his pockets.
 
He may not own the boat but most yacht salesmen work on commission. It does not matter what anyone has to say he acted very poorly. He was short and did not try to be informative or gracious to the prospects that had taken their time to go to his yard to look at his offerings. If he is on commission he will need to be “bailed out” with the rest of the num skulls.
 
We purchased a bank repo last Sept. A '06 330 Chaparral Signature. We passed on a survey but did do a sea trial. The boat was mint. Our bank appraised it and said we paid about half of its current value.
We purchased from Northeast Marine Liquidators. They must be pretty busy reposessing because I counted about 80 boats listed on their site last night when this summer they only had half that.
 
That's why it's $300K. Gas Engines. If it had diesel's it would add another $75-$85K. I guess the guy building that boat said oops all out of diesels this week, let's throw in these gas motors. Still a nice boat though.

There is a non repo 2006 selling for $329K with diesels. Hmm.. which would you go for?!
 
Kind of ironic that 44 dancer is named "Barely Making It." Aparantly it was a true statement and they could barely make the payments.

Looks like she's on Lake Lanier rb2@gr5t Holiday Marina. Lots of gaser 40-44' expresses on Lanier- they just don't drive them far enough to justify the coast of diesel.
 
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