The boat is Free and clear.. The motors are still in it. I couldn't sell it so I decided, like some other do, sell it with out power also.
I have learned so much. I got over 100k in reciepts and if that was in another boat... newer.... or diferent manufacturer, I probably wouldn't be posting. I just feel I can't give this away.
20k for a boat with 2 -XR's/w.. sportmaster lowers. Full hd steering, intercom, A/C/heat, new Livorsi Gauges.. triple axle custom trailer. There is atleast 50k in parts going with it and I can't get 20k for it???? Crazy... I don't need to sell it. I just don't want to be a 3 boat owner. plus jet ski's....

AGain I appreciate everyone help

I'm not sure if this will help or not, but last year i purchased an 88' scarab sport. I got my loan from the NC State Employees Credit Union. They would not give me a boat loan since it was over 10 years old, but i had no problems getting a regular personal loan. I was 23 at the time with no credit history so i am getting hit hard on the interest but i had no problems getting the loan and it has worked out well for me.

So what i am saying is instead of trying to get a "boat" loan see if the banks will do a different kind of loan with different terms. This may not even be possible now as i know banks are in a completely different position than they were when i was talking to them.

Not that I have to explain myself, but for you experts who do not know my situation or say I am out of my league, Here it is. Daughter getting married and starting Med school in May, this would be my third boat and the financing was offered by owner. Don't need this one there are plenty others. Oh, and when you can rebuild your families life after losing everything you own to a storm in 3 years ago-- feel free to comment.
Happy Boating,
Scott

You could not have said it better, there are plenty of boats out there!
Everyone here is jumping on the buyer, how about jumping on the seller whom created the whole mess to begin with by offering financing!!!.
The buyer offered a good faith deposit of 6K, looks like now the seller is not going to get anything, but hey, he still as another boat!
To Tyecody, if i was you i wouldn't purchase the boat from him just for posting your private conversations.
Remember all the banks who had rufused to give you a loan, and never give them your businees again~!
Tye, save up the money, buy the boat in cash, then you do not have to worry about "shaddy sellers" either, and there are plenty of them around too..

DONT DO IT!!! I have a buy here pay here car lot, sell 200-300 cars a year, my repo rate is 25%. Pull his credit, and take a look, it will tell a lot!!! Not saying this guy wont pay, he may very well be a great guy, but why risk it? You just have so much you need to look at, before lending money. When its all said and done, and you end up in court, you get nothing if he has nothing. A judgement means nothing to people with no assets. I have stacks of judgements. A roll of tissue paper to wipe my a** is worth more! Also keep in mind some states dont have titles for boats. Here in Georgia I can register your boat online, with no paperwork what so ever. He could give you a down payment, take the boat home and sell it, and never pay you another dime. Sorry if all this seems negative, but its what I do. I once loaned money on a jet ski to a "good customer" big mistake!! a month later it was in a pawn shop and he filed bankruptcy, it took me 6 months to get the truck he trashed back.

NOBODY JUMPED ON THE BUYER. If you can read maybe you should read this a little better.. I simply asked for help with providing financing for someone. To protect both of us. I NEVER said one thing against him. Everyone stated their opinion or past experiences. I offerd some financing. In my head it was someone that couldn't come up with all the money and needed a little help with a small part of it. The buyer asked me to sell him the boat for one price and give him a bill of sale(notorized) in another... Hey I am definately a team player when it comes to saving someone some money but living 1200 miles away, I went to a friend that owns a HUGE dealership and he pretty muched laughed at me and said I can't help you do that!! Your asking for trouble!! I didn't want to lose the sale so I said to myself "Self" Ask the great people at OSO for there advice.... Thus the 3 pages of opinions for some really successfull people I might add. NO where NO how did anyone bash Scott. No need for it. If you read one of my post I said" I should take the blame for offering financing" I didn't know that things could get so ugly... I never financed anything for anyone... Other then close friends... Family....
Please don't turn this into a bashing match... IT'S NOT!!

See if your read my post it says.. How do I write the note to cover my A**.. I never had intentions on NOT helping out just wanted some advice... I get so torqued when someone tries to stir the pot... Go back to where you came from "primopup" instead of trying to start chit..

Well said Mario. No ill feelings at all. We know where we stand and I will be in touch. Happy Holidays!!!!:ernaehrung004: