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Looking for a Repo boats any ideas?

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Old 08-08-2008, 04:43 PM
  #21
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Originally Posted by Jassman View Post
Here's a great boat for a steal..and the best part is the guys will set you up..The big guy on the left will transport it to you for nothin, the guy in the middle will try and teach you how to drive, if he doesnt crash it first...and the guy on the end, will give you the support you need for being a new Skater owner, cause he loves it better than his MTI, but no one's suppose to know it.. Good Luck...It's a Skater Nation

Oh ya..The big muscular guy with out his shirt just goes with the boat, he is your chick magnet.
Do you notice how hard we are laughing AT you in the picture? You'r a funny wee man
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Old 08-08-2008, 07:16 PM
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Do you notice how hard we are laughing AT you in the picture? You'r a funny wee man

see ya next weekend
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Old 08-08-2008, 09:02 PM
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commonwealth boat brokers, I bought a boat there last year, most are repos, mak an offer and they take it to the bank usually find out that day
http://www.commonwealthboatbrokers.com/
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.
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Old 08-08-2008, 09:53 PM
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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.
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Old 08-08-2008, 10:02 PM
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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"
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Old 08-09-2008, 09:36 AM
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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
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Old 08-09-2008, 03:04 PM
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Try www.xtremepowerboats.com
We have alot to choose from ,including repo; boats !
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Old 08-09-2008, 05:32 PM
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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.
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