The Menace

This scenerio is unfortunate but not uncommon in the boating world. These guys and these types of deals will resurface. When I first heard of guys buying a boat, taking it back because they did not like it after a month or so, getting another boat and repeatedly doing this 2-3times is absolutely unheard of.

A couple guys I know are so upside down, so big time, they could have went out and bought a brand new 46 skater, however they are still running a 2-3 year old boat with loans out the ying yang! 2-3 times the value of the boat!

In this situation, if you are not holding a title you are screwed.

If you traded a boat for another and took it back for another one you liked better and they gave you one to run until they got something else in you liked, you are screwed. Run the living P*SS out of it until they come and take it. You have no other recourse or will get no other satisfaction. Do not strip it or sell any parts! That is theft and you could be prosecuted by the floor planner!

Those of you who took your boat there for them to broker and it is not there? Good luck. If they filed to have it placed on their floor plan and filed a lost title or you gave it to them, you are out of luck, excuse me, you are screwed.

Good luck to all of you!

These guys can go to Nevada and be free and clear until they come back to the state where the crime was committed. Only certain states have extradition for these type of crimes.

GOOD NEWS> for what inventory is left on the floor plan there will eventually be a fire sale by the floor planner. Line up guys they will be cheap!

Mac

feel lucky national owes me $25,0000 on a outerlimits i never got! get this they tried hard to get me to give them more a few weeks after the deal was made , I told them no way deliever the boat and i would give them a cashiers check for the balance. I evem talked to mike about national appeartly at that time national still had ol fooled!

cgarrett

Local Paper, Click on it to make it bigger.

Reed Jensen

Yes... if National paid some people,,, and not others.... it could be considered a "preferential payment"... and the court could demand the money returned... scary thought... they usually can go back 90 days...

The Menace

Try to call OUTERLIMITS direct. NM sold 28 of the 30 that were made. I am sure at this point that OL will be getting stuck with a few boats without homes. Seems to me that Outerlimits may be more than happy to forget $25,000 if you show thewm the paperwork. Afterall, they do not need the profits that NM was making anyway and you may end up with a better deal!

Shane

Ain't that the TRUTH! Guess he knows FIRST hand EXACTLY how these people work!

The Menace

90 days for sure! Any refund checks to a customer would fall into that category, every check from NM even purchasing a boat from an individual and every vendor large or small with maybe the exception of the utility companies.

For you guys up to your eye balls in this situation, you can usually stall and negotiate with the attorneys when they are trying to collect. It also could take a couple years + to catch up with you. Depends on how big of a mess it really is. They will spend most of the time on the big $$$$$. They will threaten with anything they can thnk of that may scare you but at the end of the day they will settle. You cannot get out of it and it will not go away on it's own if it is conisdered preferential treatment. It is "THE LAW"!

In reality, those of you who have "LOANER" boats from them, legally you are in posession of the floor planner's property even if they have SOLD your trade or even have your TRADE/OLD boat on the floor. Once they have your title and send it to the floor planner, it is the floor planner's property.

Regardless if you recently purchased a boat form NM last week or last 6-7 months and have not received a title or MSRP, it is still the FP's property. You will receive nothing back.

If NM had their paperwork in order showing you have a boat, you will recieve a letter from the COURT to return the floor planner's property.
No if's and's or but's. Return it like they request or you will be in contempt of a court order.

dockrocker

Now, now, let's keep it on the topic - crooks in Ohio - shall we?

The Menace

I love your quotaion: "Marine service summed up in 5 simple words:
Good. Fast. Cheap. Pick two"

Crooked Sales has to fit in there somewhere!

Hey, NM also HAD a place in Florida so just do not pick on the OHIO CROOKS. That is profiling! Al Gore, John Kerry, OJ or Jesse Jackson wouldn't like that.

CigDaze

This is unbelievable! Talk about a snowballing...
I hope all of you who are in this mess can come out of it free and clear, but it's not sounding good.

Bob, who in the hell would have thought just a few months ago that this would be happening. I'm so sorry...