Join Date: Mar 2011
Location: Panama City Beach Fl
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I am in the process of buying a boat after looking for 6 months. Amazing how many people gave me the advice of "just show up with X (usually 50% of asking) dollars and lay it on the table, they won't be able to resist" and I'm thinking, "unless it's owner-financed, the seller is going to get the money anyway, whether the buyer robbed a bank or financed the boat". I guess the unstated idea is if you pay in cash that somehow you won't have to report it?
I do feel a bit embarassed though. One boat on our short list we looked at twice, once on Mother's Day (at least in the evening) and once on Memorial Day (the owner was at the yacht club already). Another boat the broker drove 30 minutes to meet us at the marina and show the boat (two times), neither that we bought. I did e-mail them back later with the news that we'd bought another boat. And I told others of the boats, both of which were good buys, just not quite as good as the boat we picked.