Offshoreonly.com - Some pics from National liquidators today

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Quote:

Originally Posted by bert4332 (Post 2989592)

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.....

Quote:

Originally Posted by bcfountain (Post 2989335)

are you talkin about the boat yard near green-top sporting goods store in ashland?

yep....less than 2 miles away.

I do quite a few surveys at NL and I can assure you that the brokers are under pressure to move boats. Don't let the minimum bid price scare you off....contact a broker and make a bid. I see awesome buys on all kinds of boats.

Quote:

Originally Posted by bert4332 (Post 2989592)

yeah, that few bucks a month in storage fees is way better than 10% of the sale and the banks confidence that the boats are getting moved/sold......therefore ensuring MORE of the banks boats come to their location. :rolleyes:

I have had no luck with NL. I have bid on a fair share of boats and never had any feedback on my bid from NL. I always had to call and ask about the bid and what was going on. Every time was told a story that did not make since. I wont go into details but the deal you think you might get better be good because they don't mind wasting your time. I don't care what they have on the lot and what I can get it for.
I agree with others....they do not care if a single boat sells. Now if a multiple boat deal shows up it is a different story. If you can get several people together and bid on multiple boats you might make something happen. Was told this straight from the horses mouth.