Buying a new boat cheap

[artofdetailing]

Hi Everyone...

Fortunately I have great exposure to the NMMA, Trade Journals and many Dealers. Art of Detailing has 2 banks as customers and they are dumping repo boats for whatever they can get.

So, if you are in the market for a new one. Poke and prod a little to find out if the one you are interested in is a repo. If it is, you may only have to pay $.20 to $.30 on the dollar.

I know of a brand new 33 HydraSports with triple E-Tech 250's and loaded with all the goodies that went for $240,000.00 2 years ago that you can buy for $155,000.00. This is just one example.

Even small boats are selling for a "song"

Thanks

Edited December 13, 2009 by artofdetailing

[prowlersfish]

"I know of a brand new 33 HydraSports with triple E-Tech 250's and loaded with all the goodies that went for $240,000.00 2 years ago that you can buy for $155,000.00. This is just one example. "

Ok thats a 2 yo repo at about 65% the cost of new , How is that a new boat at 20-30 cents on the dollor (20-30%)? Are you using the same math the globle warming nuts are ?

[Mike F]

Which banks? If they sell a repo for .20 or .30 cents on the dollar there is no way a judge will allow them to sue for the remaining balance.

[artofdetailing]

"I know of a brand new 33 HydraSports with triple E-Tech 250's and loaded with all the goodies that went for $240,000.00 2 years ago that you can buy for $155,000.00. This is just one example. "

Ok thats a 2 yo repo at about 65% the cost of new , How is that a new boat at 20-30 cents on the dollor (20-30%)? Are you using the same math the globle warming nuts are ?

Duh!

It's a left over...

[artofdetailing]

Which banks? If they sell a repo for .20 or .30 cents on the dollar there is no way a judge will allow them to sue for the remaining balance.

Call any bank or go visit any dealer and see the deals for yourself. I just picked up a 2007 240 Sea Ray for 7,500.00 cash. I will put it in my warehouse, detail it, put it out on the road come Spring and double my money. Even in this piss poor economy people are paying cash for clean small boats.

Call me at 877-273-2017 if you would like some ideas...

Jeff

[240 LTS]

Is there a web site to see repos that are available without having to pay for a list?

Jeff

[Edge]

Is there a web site to see repos that are available without having to pay for a list?

Jeff

See National Liquidators - http://yachtauctions.com/

[240 LTS]

Is there a web site to see repos that are available without having to pay for a list?

Jeff

Thanks Edge.

See National Liquidators - http://yachtauctions.com/

[prowlersfish]

"I know of a brand new 33 HydraSports with triple E-Tech 250's and loaded with all the goodies that went for $240,000.00 2 years ago that you can buy for $155,000.00. This is just one example. "

Ok thats a 2 yo repo at about 65% the cost of new , How is that a new boat at 20-30 cents on the dollor (20-30%)? Are you using the same math the globle warming nuts are ?

Duh!

It's a left over...

You said it went for 240000 not they where asking 240000 DUH !

and Thats Still not 20-30 cents on the dollar DUH

Edited December 14, 2009 by prowlersfish

[Chisox]

Tough group, ain't they?