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Forum: General Boating Discussion

01-25-2012, 09:12 PM

Replies: 24

Need advice: seller-financed classic boat purchase

Views: 2,689

Posted By dave911

No luck yet. I'd pay the $25k if the terms were...

No luck yet. I'd pay the $25k if the terms were right, but he wants a premium for carrying. Can't blame him, but I think he'll soften over the next couple weeks. I'll update when / if deal goes...

Forum: General Boating Discussion

01-21-2012, 10:26 AM

Replies: 24

Need advice: seller-financed classic boat purchase

Views: 2,689

Posted By dave911

Appreciate the advice. Being very honest, my...

Appreciate the advice. Being very honest, my better half is very frugal, which has kept our finances in good shape. With a tribe of little kids, and one income, the only way I'm getting a boat now,...

Forum: General Boating Discussion

01-21-2012, 09:13 AM

Replies: 24

Need advice: seller-financed classic boat purchase

Views: 2,689

Posted By dave911

I guess we'll see. I can afford $5k down, and...

I guess we'll see. I can afford $5k down, and $500 a month, but my CFO (wife) is not gonna be thrilled. I'll have to remind her about the enclosed head, hot water heater, etc...:drink::drink:

Forum: General Boating Discussion

01-20-2012, 01:22 PM

Replies: 24

Need advice: seller-financed classic boat purchase

Views: 2,689

Posted By dave911

What is the likelyhood a bank would see my debt...

What is the likelyhood a bank would see my debt to the seller IF we keep the title in his name? I would think very unlikely...
What is the likelyhood a bank would see my debt to the seller IF the...

Forum: General Boating Discussion

01-19-2012, 06:56 PM

Replies: 24

Need advice: seller-financed classic boat purchase

Views: 2,689

Posted By dave911

Excellent feedback! Title transfer / 1st lien...

Excellent feedback! Title transfer / 1st lien holder makes good sense...Interesting thought about the seller requiring $5k down to avoid being a "quasi" warranty. I feel armed with the right info....

Forum: General Boating Discussion

01-18-2012, 10:20 PM

Replies: 24

Need advice: seller-financed classic boat purchase

Views: 2,689

Posted By dave911

20% down is only $5k. That could be done. Maybe...

20% down is only $5k. That could be done. Maybe that is more fair. Thx

Forum: General Boating Discussion

01-18-2012, 10:17 PM

Replies: 24

Need advice: seller-financed classic boat purchase

Views: 2,689

Posted By dave911

I know it sounds a little nuts, but my 4th boat...

I know it sounds a little nuts, but my 4th boat was an 18' Sutphen that I proudly owned for 22 years. I could picture keeping this boat until they bury me in it...:drink:

Forum: General Boating Discussion

01-18-2012, 09:51 PM

Replies: 24

Need advice: seller-financed classic boat purchase

Views: 2,689

Posted By dave911

Need advice: seller-financed classic boat purchase

Searched a lot, but couldn't find what I need so here goes...

I'm looking at a rare, early 90's power boat. One of my dream boats. The negotiated price is $25k cash.

The owner is a cool,...

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