rws000

I am considering buying a used semi-submarine 53' vessel for a business venture. How do I know what a fair market price is for the vessel. Are there price books like there are for cars (i.e.-Kelley's Blue Book, Edmunds, etc)?
Thanks,
rws000

jeff1000man

Blue book on a submarine??? Sounds like you just need to know how much money you can make with it and how much it is going to cost to maintain then go from there

rws000

I was wondering mainly trying to anticipate how a bank or marine financing company would look at it with regards to it's loan value to equity, etc.

Griff

Chances are nobody will finance it.

Steve Snider

Get a marine condition and value survey. Fair Market Value is part of the survey and recogized by financial and insurance companies if the survey is completed by a SAMS or NAMS Surveyor.

NautibyNature

semi submarine? What does only half of it go under? Post a link with some pics.

outriggers

I think I have a semi house, its only half underwater. Doug

kneeslider74

If your bank wont use it as collateral for the loan you will have better luck using personal type loan. There are much fewer regulations in this case. BOL

Centsless

loydes of london they will insure anything..........
for a price

thirdchildhood

iTrader: (6)

lol I can only think of one use for a vessel that runs just under the water's surface! No one will finance or insure it......