Do you notice how hard we are laughing AT you in the picture?:evilb: You'r a funny wee man:ernaehrung004:

see ya next weekend:ernaehrung004:

Bought a boat from them a few years ago. They wouldn't budge on the price at all. It was a very good deal, and I new it. It was a gamble being a repo boat, because they said "no sea trial" They claimed the bank wouldn't let anyone take it off the lot. All worked out and I sold the boat couple years later for a profit. I would use them again.

It can still be done for a profit. You just have to be diligent and have the cash on hand to make a quick purchase when the right deal comes along.

Exactly.....my 382 hit the market around 1:00 on a Friday, by 3:00 that day I had told the seller it was sold and was sending a deposit.

(It was Magicfloat here on OSO and he wouldn't accept a deposit, boat was delivered to me 6 days later and I gave thej driver a cashier's check on the spot.)......I did have 2 boats for awhile, but that's part of the chance you take when buying a "deal"

To add to my earlier comment.

I think it would be a very realistic goal to buy a repo boat, enjoy it for a couple years and get out what you have in it. This in most cases is the best senerio, and realistic.

I would never suggest to anyone to buy any boat in hope of turning a profit.

WILL:ernaehrung004:

Try www.xtremepowerboats.com
We have alot to choose from ,including repo; boats !

Keep in mind that many repos have either been abused or at a minimum haven't been cared for for some period of time. You can squueze alot of life out of a boat you know you're losing anyway on that last run or two. Then the repo guys bounce it around for a while...

On net recovered value- The only obligation the bank has is to liquidate it in a fair public process. If it's a $500K boat and they hold a public auction that satisfies state laws, and it sells for $75K, that's what they get. The won't spend a nickle on it to enhance value, nor do they have any concern if the borrower sees a nickle back.