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Trying to buy a donation boat.....hows it work???

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Old 12-19-2008, 11:30 AM
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Default Trying to buy a donation boat.....hows it work???

My buddy is trying to buy a donation boat from a high perf boat broker and the ask price is $90K.....how does this all work and can they accept a low ball offer on a deal like this?????
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Old 12-19-2008, 12:53 PM
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In most cases, yes they can accept what ever they want. Howeverr the Broker probably is set up so that the more it sells for the more he gets. Also in some states, now the seller only gets to deduct what the boat actually sells for, so he may not let it go. I guess one would need to know the agreement between, Donor and CHarity. Does the charity have clear and free title??

I would treat it just like any other, boat purchase. That being said, for 90K it better be a damn nice boat.

WILL

Last edited by BAJA WILL; 12-19-2008 at 12:55 PM.
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