World's fastest pleasure boat???
12-15-2010 | 02:41 PM
#72
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From: Springfield, Louisiana
12-15-2010 | 02:52 PM
#73
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Joined: Jun 2001
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From: McHenry, Illinois
I am guessing the phone was ringing off the hook at $75k. They figured out quickly it was too cheap. Keep in mind that is the minimum bid on a auction format. Has anyone had luck buying from them at the minimum bid? I have heard stories.
Last edited by Brad Zastrow; 12-15-2010 at 02:54 PM.
12-15-2010 | 02:59 PM
#74
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Joined: Jan 2009
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From: Springfield, Louisiana
someone needs to walk in with the cash and they might walk out with it...i have done that twice on online actions if the owner of the title has it set up that way.
12-15-2010 | 03:30 PM
#75
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From: At the office.
12-15-2010 | 07:53 PM
#76
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From: San Clemente, CA
My last repo I picked up thru the Tuson auction, the previous owner gutted the boat (motor, drive, hatch, stereo, etc.) and my one phone call and some money got me everything back the owner had taken off. The bank, Bank of the West, knew the owner had removed these items and "had" possession but was unable to do anything about it/choose to do nothing about it.
What would it cost to rig this thing with #6/1200hps properly $200k??
12-15-2010 | 08:09 PM
#77
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From: Channel Islands, So. Cal.
Pretty common. I have bought several repos over the last few years and depending on which state the boat was purchased and who was financing the transaction, in many instances only UCCs (security interests) were filed against the hull (not motor or trailer). Obviously banks have learned some hard lessons and in today's market, they are UCC everything and anything in a boat finance, law permitting.
My last repo I picked up thru the Tuson auction, the previous owner gutted the boat (motor, drive, hatch, stereo, etc.) and my one phone call and some money got me everything back the owner had taken off. The bank, Bank of the West, knew the owner had removed these items and "had" possession but was unable to do anything about it/choose to do nothing about it.
What would it cost to rig this thing with #6/1200hps properly $200k??
My last repo I picked up thru the Tuson auction, the previous owner gutted the boat (motor, drive, hatch, stereo, etc.) and my one phone call and some money got me everything back the owner had taken off. The bank, Bank of the West, knew the owner had removed these items and "had" possession but was unable to do anything about it/choose to do nothing about it.
What would it cost to rig this thing with #6/1200hps properly $200k??
12-15-2010 | 08:30 PM
#78
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Joined: Jun 2006
Posts: 5,122
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From: Seaford, VA
For 200k you could give the owner of Rare Breed full price and stock it with 1k worth of moderately priced liquor.
I don't see how this boat is worth much at all considering what this boat needs (trailer, mils, drives) and what else is out there for sale. Maybe if you had the drivetrain sitting around, but otherwise....
12-15-2010 | 08:54 PM
#79
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From: Fredericksburg, VA
All I can help but imagine is that this guy's buddy with a '89 Baja convinced him if the boat was getting repo'd he should let him swap the drives and motors for a case of beer and a pack of bubble gum LMAO.... Nevermind the MTI, I'm trying to see the '89 Baja that's got the 900s and 6's now LOL
