Buying a Used Boat
On Mon, 02 Jan 2006 14:52:02 GMT, "Butch Davis" wrote:
Reggie,
When buying a used boat it is critically important to absolutly know that
the boat is legally owned by the seller and that it is free of any liens.
Some states continue to fail to require boat titles. Alabama is one of
those states.
As you said, the other major risk is hidden defects. New engines and/or
major hull repair would drive the cost well above that of a new boat with a
warranty.
Butch
To overcome the 'title' problem, I financed the boat through the credit union and let
them worry about getting the correct title, etc. Then, after a couple weeks, I paid
off the loan. Total cost to me was about $25, well worth it.
--
John H.
"Divide each difficulty into as many parts as is feasible and necessary to resolve it."
Rene Descartes
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