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Titles on salvage boats...

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Old 02-20-2006, 12:43 PM
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Default Titles on salvage boats...

While on vacation, visiting the boat show I took a day and ran all over the countryside looking for a deal on a project boat. As you might guess, I saw several hurricane boats in various states of wreckage.
You wanna know what I learned?

They are all being sold with clear titles!

Not a salvage title of any kind, rebuildable or unrebuildable. I was a little suprised to hear of this. Does this surprise anyone else?
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Old 02-20-2006, 12:44 PM
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Default Re: Titles on salvage boats...

YES IT DOES. What was the reason?
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Old 02-20-2006, 12:47 PM
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Default Re: Titles on salvage boats...

It's always been that way, and don't worry, you'll see them for sale again, for all the money ,with no mention of prior damage...
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Old 02-20-2006, 02:47 PM
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Default Re: Titles on salvage boats...

Thats for sure.

I figured that everyone here (Anyone that buys any type of boat for that matter...) would be unhappy with that program.

There is no reason that that these boats are sold with clear titles with the exception that the ins. companies will recoup more of their monies paid out in claims.

Sure, a boat can have a new deck attached or new hull laid up but who is going to go to that expense when the goal is simply to "Flip" the boat? You got it, no one.

In N.Y., the seller must disclose this type of info (On your honor, plz.). Other states are similar, I'm sure.

In the end, a boat that fails because it was bandaided together will reflect poorly on the mfg. (Applying to the newer boats salvaged), again raise ins. because of claims, and potentially hurt occupants of the boat.

I find it unacceptable, but I'm working on it...
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