10 Fountain Repo's in Classifieds?
 

What's up with that last 10 fountains being listed as a bank sale or repo?

Dealer go under? I see PowerboatsNW listing a lot of repos of all brands.

Mike.. have you seen all the repo's in the Boating paper that floats around at LOTO?

I was shocked.. then I talked to a neighbor at the LOTO who works for a marina. :eek:

No, I picked one up a few weeks ago but I wanted it to clean some glass and never even looked at it. I haven't seen many boats on 54 at the banks for sale.

Guess I'll have to pick up a paper thursday and see what's there.

In which classifieds did you see the repos? Was it a local publication or am I missing it in the OSO classifieds?

Thanks.

how do boat repos work? Is it like a house where you make a low low offer and see if they take it or come back with a counter offer?

At LOTO there is a company that publishes a Boating paper of classifieds...

I am guessing the 3 year fixed introtuctory payment has come due and they were supposed to start to pay the "Real" payment.

We see this ALL the time in car financing, you know the no payments for 6 months...

Also, same really as the house BS...

Personally I kind of like those fun loan programs! :evilb:

The resulting down side of living large, the one ton truck they had to have to haul it in style is over on the Auto Trader site. The truck would have come in handy now that they have to vacate the house they couldn't afford either. One of the fundamental problems today, someone will figure a way for you to get it if you want it, even though you may never be able to keep it once you actually do get it.

My buddy just bought a 35 Ex repo. It was being sold at a local boat dealer. The dealer gets a percentage of the sale. The bank actually controls the price. He came in with a low ball offer, they took it to the bank, and they refused, and came back with a high number. They settled somewhere closer to what he offered originally cause they wanted to get rid of it, and he got a very good deal. You have to make sure your finances are in order and you are ready to move on the boat. some of the banks will finance the boat. It all depends on what the bank has into the boat, what they think it is worth, and how bad the bank wants to get rid of it.

is it better to finance the boat with that bank or go to another bank get the money and throw it at them?