Thread: Boat Auctions??
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Frank Maier
 
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Default Boat Auctions??

Stephen Trapani wrote:
Frank Maier wrote:
Stephen Trapani wrote:

....snip...
My guess was that he (they) can't, he doesn't have the money to get his
boat out of the impound first so he can sell it. He let the payments
slide for too long.

....snip...
I guess the marinas make the renters put up their boats as collateral
upon failure to pay as happens with cars and car payments, and plenty of
good cars get repo'd, right? They don't fit in the same category as
"abandoned." The boat or car gets taken even when the owner badly
doesn't want it to, unlike abandoned vehicles.


You're conceptualizing a repo on a vehicle with some value to a
lender; but this scenario is much closer to a lien against a vehicle
(boat) so worthless that the owner is unable to turn it into enough
cash to cover the lien. Don't think "repo," think impound or
mechanic's lien against a vehicle which isn't worth what's owed to the
offended party. But, ICBW.

....snip...
Hmm, I guess I'll have to re-gauge my estimation of Hunters. They don't
make Catalina's look like MacGregors, then? I figured since I heard good
things about them and couldn't find cheap ones anywhere on the internet,
they were a cut above the other stuff I've been looking at. Like, what's
better, a Hunter or a Ranger?...snip...


Many people would contend that Catalinas are better built than
Hunters. It's analogous to Fiat and Renault debating which is more
dependable. Scylla vs. Charybdis. Your choice.

Me, I'd prefer the Ranger. But, like I said a while back, I think you
could be happy/safe (enough) gunkholing around Puget Sound even in a
Newport, which is, IMO, a distinct cut below Catalina/Hunter, which
are (again IMO) a cut below Beneteau, a marque which some consider the
absolute pits.

My essential rule of life for most things: It ain't the inital cost;
it's the upkeep. Others have made some pretty useful and informative
suggestions in this thread. I'd re-read the whole thread and digest it
for a bit before moving too quickly to a final decision.

Frank