Repo boat value

R

Riverratt

Member
Joined
Feb 25, 2004
RO Number
12842
Messages
542
Any suggestions on how to approach the bank or how to determine the value of a repossessed boat? The boat in question is a 2002 Formula 37PC, twin 375 HP Bravo III's with about 400hrs, in good condition. I checked NADA and Boattrader, so I have a general idea. It just seems that being a repo would decrease the value further. Thanks.
 
If you can get directly to the bank, first thing you should do is ask them what they need to get whole on the boat. That's all they want.
 
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