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  1. #11
    My Boats:
    new to me 388 slingshot 2000 velocity 390 sold 2005 390 velocity sold 2001 390 velocity sold 260 velocity sold 320 velocity sold 30ft velocity sold vr1 velocity sold 35 Cigarette sold. 34 phantom cur.
    Join Date
    Apr 2003
    Punta Gorda
    I watch this one

  2. #12
    Join Date
    Jun 2005
    Quote Originally Posted by bmanafort View Post
    The pricing on these websites seem to be high for repo boats. My theory on these boats are that if the people didnt have money to pay for the boat that they most likely didnt pay for the maintenance. I think you can by a boat from a private owner will all receipts for what some of these boats are looking for.
    Pricing is the ask and in some cases they get it but in others they get 50% of ask. The boats will need work but you have the right to survey/ sea trial. How many people on here bought boats (even from OSO dealers/members) then only get it home to find it needs tons of work yet they paid all the money up front.
    It is clearly a boat by boat basis whether it was a deal or not but here are some that I followed:

    06 32 Sunsation Dominator SS w/ 496 HO's listed for 70K
    06 36 Pantera/ 525's listed for 130K sold in the 60's
    03 38 Powerplay (sunk/no power) listed for 65K sold for 30K
    01 37 OL Stilleto with 900's/ missing #6's sold for 91K

    Keep in mind some of the Formula inventory still has factory warranty (5 year) so that make take some of the worry out of the purchase and on some boats Bank of America was offering 4.9% financing on site to expedite the process.

    Check out this ebayer:

    He has other boats listed as repos but no business name.
    Last edited by Jupiter Sunsation; 01-19-2009 at 07:10 AM. Reason: added link

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