Looking for a owner financed deal on a Fountain
11-25-2008 | 07:19 AM
#11
Charter Member #34
Joined: Oct 2000
Posts: 7,151
Likes: 2
From: Beautiful North Carolina
Owner financing on a performance boat that depreciates rapidly and requires a lot of maintenance is a BAD IDEA.
If anything breaks or fails and the repair is more than the investment the buyer has made they will probably give it back and leave you stuck with the bill. I have seen that happen first hand.
If anything breaks or fails and the repair is more than the investment the buyer has made they will probably give it back and leave you stuck with the bill. I have seen that happen first hand.
Mandate insurance payable to you paid by buyer till loan satisfied
