Join Date: Jun 2005
Location: Barnegat Bay, NJ
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Re: "You make your money buying the boat, not selling it."
Insurance companies, estate sales, divorce sales, and owners who have lost their income are constant occurrences, if you are willing to travel, and to have a boat shipped or take delivery in another state you have many options. Not everyone can purchase from an insurance company, but if you are able you can get stolen and recovered vessels every single day from auctions like Insurance Auto Auctions and other sources. That is how I have bought several boats and hundreds of pieces of heavy equipment and semi trucks. You may have to do repairs, but what boat have you ever purchased used that you did not have to do some repairs.
Not every boat is logged on soldboats.com I know I never logged sales there.
Mark I wouldn't downplay the real cost of buying this way. Auctions are often selling as is boats that you may not be able to inspect - so the hidden costs can be significant.
And buying something far from home has a lot of hidden costs in either shipping the boat or traveling back and forth to work on it.
We bought five hours from home and the costs included:
- Two hotel stays
- Five trips to the boat (hauling tools, parts, etc.)
- Food and fuel for all those trips
- A one way rental (for the trip to bring her home)
- Meals for the guy who helped me bring her home
It's really easy to underestimate your all in cost on a long distance transaction.
95 Catalina 30 Island Time
“The sail, the play of its pulse so like our own lives: so thin and yet so full of life, so noiseless when it labors hardest, so noisy and impatient when least effective." - Henry David Thoreau