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40 Skater Going at US Marshall auction?? could be a good deal

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Old 03-09-2006, 03:14 PM
  #21
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Default Re: 40 Skater Going at US Marshall auction?? could be a good deal

The auction date is March 24, 2006 @ 12:00 NOON right out on the STEPS of the Miami-Dade Courthouse........the boat is at NL next to Jackson Marine off Davie Blvd in Ft Lauderdale untiol the auction.........and can be seen up to 5 pm daily..........you better bring a boat building factory with you to tackle this size project..........the boat is shrink wrapped and under cover at this time........
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Old 03-09-2006, 03:34 PM
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Default Re: 40 Skater Going at US Marshall auction?? could be a good deal

Maybe the note is for the running boat and the parts were never recovered somewhere? I am sure it's a nice boat plus it doesn't have a single hole drilled in it. It would be a nice boat but needs lots of cash to throw at it.
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Old 03-09-2006, 10:16 PM
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Default Re: 40 Skater Going at US Marshall auction?? could be a good deal

Quote:
Originally Posted by Brad Zastrow
PS: The hull is setup for Arnesons drives with the rocker in the hull. I also budgeted money for glass work to convert the hull for sixes. The Myco trailer is gone. Repo man.
its begging for t53's and arnesons.
i can hear it call my name. I think ill go check it out tomorrow if i have time just for the hell of it.
maybe ill just bolt down 2 recaro seats a steering wheel and a coupel throttles, cant be that much. dont need to finish it off, no one wants to ride with me anyways.
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Old 03-09-2006, 11:30 PM
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Default Re: 40 Skater Going at US Marshall auction?? could be a good deal

Quote:
Originally Posted by blume
2003 40' Skater's are selling for less than $400,000.00 ready to run on a trailer. Motors, drives, props, trans, and headers $250,000.00,
Skater interior $10,000.00, rigging, gauges, throttles, sea strainers and labor $50,000.00, Trailer $25,000.00....... whats the hull worth????????
Exactly!! The only way it's worth it, You would have to get the hull for under $50K. Then numbers are too high to rig it for an 03. My offer was over $100k which was too much. I had motors and drives already.
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Old 03-09-2006, 11:38 PM
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Default Re: 40 Skater Going at US Marshall auction?? could be a good deal

Quote:
Originally Posted by GLH
A US Marshall auction usually has no minimum. Then no one says "No".

So you interested parties should take a drive down there and bid.

M&T is the creditor and it is mention that they can bid up to the amount of the judgement they have received, other than that this boat will be sold on the 24th.

Here are the instruction to the bidders... 10% down ... balance within 48 hours.
They say no reserve but the bank will bid on it themselves rather then loose it. The lein is approx $400K. They are not going to losse it for under $200K. They don't look at it like we do. I'm sure The numbers on the loan were bumped up so there was a lower down stroke. I'm sure the bank showed a value of $450k. They still look at it like a new hull. They think it's still worth the value of a new hull. They want $300K. The auction is 15 miles from me and I'm not wasting my time. I tried to geal with this bank for 3 months. They are clueless!!
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Old 03-09-2006, 11:50 PM
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Default Re: 40 Skater Going at US Marshall auction?? could be a good deal

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Originally Posted by Jesse James
50k is the long money in as is condition.....75k if that includes the trailer.....sorry went and looked at the pics.....trialer is not worth that....the last set of pics had it sitting on a nice tandem axle dually myco....
Jesse, Am I missing something??? This boat is only worth $75k the way it is??
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Old 03-10-2006, 10:15 AM
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Default Re: 40 Skater Going at US Marshall auction?? could be a good deal

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Originally Posted by ActiveFun
Jesse, Am I missing something??? This boat is only worth $75k the way it is??
yep
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Old 03-10-2006, 11:07 AM
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Default Re: 40 Skater Going at US Marshall auction?? could be a good deal

No reserve when the bank can bid. . LOL
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Old 03-10-2006, 11:18 AM
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Default Re: 40 Skater Going at US Marshall auction?? could be a good deal

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Originally Posted by ActiveFun
Jesse, Am I missing something??? This boat is only worth $75k the way it is??

Just goes to show just how cheap fiberglass really is and the large profits some of these high end boat mfg's are pulling in...
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Old 03-10-2006, 11:48 AM
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Default Re: 40 Skater Going at US Marshall auction?? could be a good deal

I think a quality hull is expensive to build and buy new. However, when a 40 Skater with big power costs about 800k-1mm new and the hull accounts for about 350k+. Used 40's complete are about 400-450k. It is going to cost a lot to finish the boat, it is still used and worth 400-450k. So unless you can rig it with used parts you are better off buying a new hull. Even rigged with used it will be a wash. I made an offer because I liked the paint job.
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