SailNet Community - View Single Post - Boat Owner Financing?
View Single Post
  #2  
Old 12-03-2008
sailingdog's Avatar
sailingdog sailingdog is offline
Telstar 28
 
Join Date: Mar 2006
Location: New England
Posts: 43,291
Thanks: 0
Thanked 9 Times in 9 Posts
Rep Power: 13
sailingdog is just really nice sailingdog is just really nice sailingdog is just really nice sailingdog is just really nice sailingdog is just really nice
Most boat owners don't want the hassle of self-financing a boat for someone they don't know. If they do finance the sale of their boat, and the buyer defaults, they don't have the boat or the money...and have the further headache of trying to collect from a deadbeat that may not even be in the country. I can't see most sellers willing to risk that.

Besides, if the buyer can't come up with his own financing, he's probably a pretty bad risk for the owner to finance, don't you think??
__________________
Sailingdog

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Telstar 28
New England

You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.

—Cpt. Mal Reynolds, Serenity (edited)

If you're new to the Sailnet Forums... please read this
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
.

Still—DON'T READ THAT POST AGAIN.

Last edited by sailingdog; 12-03-2008 at 03:57 PM.
Reply With Quote Share with Facebook