03 Mystique No Power $30K on Craigslist & Ebay
#32
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#33
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Location: Channel Islands, So. Cal.
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It's a trip that they stripped it down that far but didn't take other things....Like the gauges...Sh!t, the whole dash piece! The fuse panel, the switch panel, the stereo panel, the lexon around the cabin entrance, the grab handle, passenger dash, sh!t, they didn't even take the wind fairings...I know at least two people that would buy those right now! Might as well taken the rear seat too!
the more I look at that boat the more I agree with most of you....That thing needs a LOOOOOOOOOOOT of work!!
the more I look at that boat the more I agree with most of you....That thing needs a LOOOOOOOOOOOT of work!!
#34
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I bet the old owner has a buddy that buys the boat knowing where all the parts are. He will pay a little more than it's actually worth, but all the parts would be free and then they are back to enjoying the boat for next to nothing.
THat is why they didn't get the stuff that would require a pain in the azz to re install, like the electrical chit.
THat is why they didn't get the stuff that would require a pain in the azz to re install, like the electrical chit.
#35
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What a shame someone destroyed all the value of that boat stripping it before the repo man showed.
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I'd bet dollars to donuts that the previous owner will have a straw man buy the boat back for him; he'll put it back together himself, and it'll remained titled in his friend's name. Happens all the time . . . like someone said previously in this thread, think foreclosed homes. The reasoning behind taking all of the nonsensical bull****, such as hatch covers, etc. was to devalue the boat when it ultimately came up for auction after the repo. The worse off the boat is, the better the deal for the "new owner." For the previous owner, even at $30k its a steal - if there was a $120K note that he defaulted on.
#39
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I'd bet dollars to donuts that the previous owner will have a straw man buy the boat back for him; he'll put it back together himself, and it'll remained titled in his friend's name. Happens all the time . . . like someone said previously in this thread, think foreclosed homes. The reasoning behind taking all of the nonsensical bull****, such as hatch covers, etc. was to devalue the boat when it ultimately came up for auction after the repo. The worse off the boat is, the better the deal for the "new owner." For the previous owner, even at $30k its a steal - if there was a $120K note that he defaulted on.
Isn't it a felony now to strip this stuff before the banks comes to get it?
#40
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I don't know how the laws read, I would imagine each state is different. I would imagine if the buyer strips the boat with full knowledge that it is being repossessed, and for the purposes of personal gain and/or to strengthen his hand when placing a straw man in to repurchase the boat, he's more than likely guilty of fraud. I would think it also depends on how the loan documents and the UCC lien read.