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

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Old 07-15-2008, 02:09 PM
  #11
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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.
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Old 07-15-2008, 02:10 PM
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Originally Posted by BUIZILLA View Post
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
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Old 07-15-2008, 02:13 PM
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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%................................
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Old 07-15-2008, 02:16 PM
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wait where is dean with all that good news?

brunswick stock down 75%
marine max down 75%
west marine down 75%
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Old 07-15-2008, 02:23 PM
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Anybody have a list of who to contact to buy one of these many repo boats?
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Old 07-15-2008, 02:38 PM
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Originally Posted by dreamer View Post
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
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.
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Old 07-15-2008, 02:56 PM
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Anybody have a list of who to contact to buy one of these many repo boats?
do I hear an echo ??? LOL
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Old 07-15-2008, 02:57 PM
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Originally Posted by DollaBill View Post
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..
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Old 07-15-2008, 03:06 PM
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I like Panteras much better than Scarab 22's but that is just me.
I agree, but the Joe Average doesnt know the difference.
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Old 07-15-2008, 03:07 PM
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Originally Posted by lucky strike View Post
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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