Need a little help on how the process works on this site. Has anyone called and offered a lower amount of the minimun bid? Is this a true auction with a set amount of days for bids and highest bid takes it? Thanks for any info someone can share. Think Spring!

You can offer what ever you want. Over the bid amount, under, it doesn't matter but basically on monday the auction is closed and what ever offers were recieved that week are then looked at and the highest offer is presented to the bank or whoever the owner is.

This is all explained on their website in depth if your serious why don't you make a phone call to them and find out what the deal is?

THanks for the help

I think he is asking us because there is more too it usually than what is on the website. There is a repo yard by me and the guy doesnt take offers lower than the beginning bids. The repo yard near me has a guy that runs it who in my opinion is a jerk. I would tell you to try and get the reg numbers off the boat and track down the bank. Than deal with the bank direct. I know a few people who have went this route and it worked out well for them.

Do a search on here and you will find out about all the BS about them.
Its a messed up hidden bid process.

not messed up... not hidden and no bs

read the site its very clear

Yea right

I have to completely DISAGREE, many members on OSO have been jerked around by them. I personally was a high bidder ona US Marshall boat, they called me up and wanted me to raise my bid by 8K, I said why if I was already the high bidder, they said to "guarantee" I would be. I said no, was out bid by mystery bidder, who then backed out or so I was told, so once again I was highest bidder, told them I would come get it. They told me know they were going to re auction it and to again "guarantee" I would win, to raise my bid 8K. TOLD THEM TO SHOVE IT. Their is mounds of BS that go on there, if your on the "IN" group I think the experience may be different. Bid on a boat and just don't care, or else you will be disappointed.

I've bought three boats from them, it's a negotiation, not some strict by the book auction. The minimum bid is a value indicator of where the boat should sell. If your numbers is in the game they'll talk with you, if it's not don't expect a call back. One thing to remember is the website lags behind the sales so alot of times things listed on the site are already sold or under contract.

A friend of mine bought 5 boatd so far from them working on a 6th. I talked to him a little about it. He said in a simple sumary, You can offer any thing you want on the boat no matter how abstract. As long as you can provide 10% of your offer no matter what they have to submit it to the bank by law.
-Mike