World's fastest pleasure boat???
12-15-2010, 03:30 PM
#71
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12-15-2010, 07:53 PM
#72
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Location: San Clemente, CA
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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
#73
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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
#74
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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
#75
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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
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The chicks at the dock dont know any better.
12-15-2010, 10:32 PM
#78
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You are correct but if the vessel is US Coast Guard Documented, that info is public record.
here is the link:
http://www.st.nmfs.noaa.gov/st1/Coas...selByName.html
All you need is the vessel name or doc #......
)
ITS A LAW here is the link:
http://www.st.nmfs.noaa.gov/st1/Coas...selByName.html
All you need is the vessel name or doc #......
)
12-15-2010, 11:51 PM
#80
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One of three things is going to happen down the road a ways:
1. Some lucky sap is going to buy it,get it running and run into the best looking babe of his life and have a ball with her....
2.Some one will buy it and get killed running !!!!
3.It will be up for sale as a field potato on craigs list..
Jim
Before its all said and done all three may happen !
1. Some lucky sap is going to buy it,get it running and run into the best looking babe of his life and have a ball with her....
2.Some one will buy it and get killed running !!!!
3.It will be up for sale as a field potato on craigs list..
Jim
Before its all said and done all three may happen !
Last edited by cigboat1; 12-15-2010 at 11:54 PM.
