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Some pics from National liquidators today

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Old 11-11-2009, 12:06 AM
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Here are a couple more additions to their site. More wishful thinking on their part as these are no bargain.

22801 2000 Cigarette Top Gun 38 OS 38' $70,600

23060 2005 Outer Limits 42 GTX 42' $250,000
70K for a 2000 Top Gun, with no drives, Motors, or cabin?? way over priced!! Thier are alot of nice Top Guns out there at great prices right now!!

http://www.yachtauctions.com/listing.php?vessel=4191

Last edited by WMF; 11-11-2009 at 12:09 AM.
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Old 11-11-2009, 07:10 AM
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70K for a 2000 Top Gun, with no drives, Motors, or cabin?? way over priced!! Thier are alot of nice Top Guns out there at great prices right now!!

http://www.yachtauctions.com/listing.php?vessel=4191
It has a 1/2 cabin in the photos.

70K is what an OSO member wanted for the same hull in an F2 version a few months ago. NL sold that FL 2001 600 hour TG (running, complete boat w/500's) for 80K last year.
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Old 11-11-2009, 08:48 AM
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Where is this NL lot? In Ohio?[/QUOTE]
Cleveland
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Old 11-11-2009, 10:49 AM
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I'd like to have that red Top Gun. I've always had my eye on it. That could be rerigged, & cleaned up to be a really nice machine if you planned to keep it.
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Old 11-11-2009, 03:34 PM
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There is a repo lot right around the corner from me and you are exactly right. People come in who have never seen a go-fast before and are too lazy to cover them back up. I bought a couple boats from the local lot a few years ago and would always get the cabin keys so I could lock the boats up (I know the owner well enough to make this request). I'm standing at the back of a boat I've just agreed to buy when someone climbs up on it. He starts banging on the cabin door then asks if it's OK to pry the door open.......I told him I just bought the boat and he looked at me like; well, can I pry it open?
are you talkin about the boat yard near green-top sporting goods store in ashland?
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Old 11-11-2009, 03:37 PM
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Found the site. Thanks.

Looks like a lot of LCM stuff.
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Old 11-11-2009, 03:45 PM
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I'd like to have that red Top Gun. I've always had my eye on it. That could be rerigged, & cleaned up to be a really nice machine if you planned to keep it.
Me too, that would be a fun boat.
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Old 11-11-2009, 09:33 PM
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I don't think NL really cares if the boats sell or not, they get paid to store the boats and to push the paperwork to and from the bank. My "guess" is that prices are set via how much the bank has in the boat plus a few. So if someone put 100k down and loaned out 50k, on a $150k boat, the bank only has 50k plus a few points. That's where I believe people get good deals, the minimum bid might be 85k, but someone might throw a low ball bid of 55k, the bank gets their 50k plus a lil, NL gets paid to store and push the paper and someone gets a good deal. On the other hand, if the same guy puts 50k down and loans out a 100k I don't see the bank taking the low bid of 55k. Additionally I don't see NL really busting their ass to coverthe boats or to push sales, it's counter productive, less sales equals longer time storing the boat which increases their revenue.
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Old 11-11-2009, 09:47 PM
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I don't think NL really cares if the boats sell or not, they get paid to store the boats and to push the paperwork to and from the bank. My "guess" is that prices are set via how much the bank has in the boat plus a few. So if someone put 100k down and loaned out 50k, on a $150k boat, the bank only has 50k plus a few points. That's where I believe people get good deals, the minimum bid might be 85k, but someone might throw a low ball bid of 55k, the bank gets their 50k plus a lil, NL gets paid to store and push the paper and someone gets a good deal. On the other hand, if the same guy puts 50k down and loans out a 100k I don't see the bank taking the low bid of 55k. Additionally I don't see NL really busting their ass to coverthe boats or to push sales, it's counter productive, less sales equals longer time storing the boat which increases their revenue.
Only flaw in your reasoning is lack of space. The Ft. Lauderdale location is jammed to the fence with boats and more coming in every day. They handle all the high profile (Madoff type stuff) and need to show the banks some results. With other yards (Legendary, Capt's Choice) getting into the repo business NL has to be good or the boats go elsewhere. Most of the LCM new inventory and most of Fastboats stuff went to Legendary and they are in the panhandle (far away, middle of no where)so they must be aggressive in earning the banks business away from NL.
Some boats have floated through NL in hours/days.....
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Old 11-11-2009, 09:56 PM
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are you talkin about the boat yard near green-top sporting goods store in ashland?
yep....less than 2 miles away.
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