Boat Repo guys working hard........

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07-15-2008 | 01:09 PM

#11

DollaBill

OSO OG

Joined: Feb 2004

Posts: 7,030

Likes: 2

From: Blue Martini Hall of Fame

Quote:

Originally Posted by dreamer

just got some info about the repo situation...

a STEAL today is gonna look like a horrible deal in the fall winter...

the number of boats key bank has in default is STAGGERING

soooooooooooooo many thay cant even repo a tenth of them... we r talking about an INSANE large number

I just got some other stupidly scary info. I predicted this level of problems last August.

07-15-2008 | 01:10 PM

#12

DollaBill

OSO OG

Joined: Feb 2004

Posts: 7,030

Likes: 2

From: Blue Martini Hall of Fame

Quote:

Originally Posted by BUIZILLA

okay, i'll bite.... where can I get this list to consider my next purchase... ??

You don't want to buy anything right now. The boat you buy now for .70/dollar will be going for .25/dollar in the fall

07-15-2008 | 01:13 PM

#13

dreamer

Registered

Joined: Mar 2002

Posts: 5,819

Likes: 14

From: cleveland

Quote:

Originally Posted by BUIZILLA

okay, i'll bite.... where can I get this list to consider my next purchase... ??

in default not...repoed yet...

think about it..... about 13mil boats in the u.s.

if 1% default..............

if 5%........................

if 10%................................

07-15-2008 | 01:16 PM

#14

dreamer

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Joined: Mar 2002

Posts: 5,819

Likes: 14

From: cleveland

wait where is dean with all that good news?

brunswick stock down 75%
marine max down 75%
west marine down 75%

07-15-2008 | 01:23 PM

#15

Platinum Member

Joined: Nov 2005

Posts: 204

Likes: 2

From: Tampa, FL/Milwaukee WI

Anybody have a list of who to contact to buy one of these many repo boats?

07-15-2008 | 01:38 PM

#16

rlj676

Registered

Joined: Jan 2006

Posts: 1,820

Likes: 0

From: Royal Oak, MI

Quote:

Originally Posted by dreamer

Hmmm. Sounds like there might be some upside to my new job not starting till the end of summer forcing me to hold off until next winter/spring for the boat.

That is assuming the American auto industry hasn't dissapeared, and I'm not living in a cardboard box by then.

07-15-2008 | 01:56 PM

#17

BUIZILLA

instigator

Joined: May 2003

Posts: 1,418

Likes: 0

From: Miami, Fla

Quote:

Originally Posted by GK

Anybody have a list of who to contact to buy one of these many repo boats?

do I hear an echo ??? LOL

07-15-2008 | 01:57 PM

#18

BUIZILLA

instigator

Joined: May 2003

Posts: 1,418

Likes: 0

From: Miami, Fla

Quote:

Originally Posted by DollaBill

You don't want to buy anything right now. The boat you buy now for .70/dollar will be going for .25/dollar in the fall

hmmmm, okay, i'm a serious player for another boat, i'll wait and see..

07-15-2008 | 02:06 PM

#19

rchevelle71

Registered

Joined: Aug 2003

Posts: 7,392

Likes: 1

From: Boca Raton

Quote:

Originally Posted by Jupiter Sunsation

I like Panteras much better than Scarab 22's but that is just me.

I agree, but the Joe Average doesnt know the difference.

07-15-2008 | 02:07 PM

#20

rchevelle71

Registered

Joined: Aug 2003

Posts: 7,392

Likes: 1

From: Boca Raton

Quote:

Originally Posted by lucky strike

I'd rather have a 10 year old Pantera anyday.

How about a 27 year old single outboard, I would put twins on it, or a 300, but heck I could buy another boat in this economy for what a new 300 costs

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