Posts Tagged ‘boat auctions’
Repo Boats-Boat Auctions a Common Site
Hi gang, Rick Ostler here from North American Waterway bringing you Bayliner Parts and Bayliner Boats along with news and views from the boating industry. Here is a report from Three Sheets Northwest out of Seattle, WA.
Thick chains and padlocks aren’t typical mooring gear on most boats. But they are becoming a more common sight at some of the region’s marinas. repo boats-boat auctions in increasing numbers of boats for unpaid moorage bills. As the economy continues to take a toll, some people are simply walking away from the costs of owning a boat and leaving it up to marinas to deal with the aftermath.
That aftermath was dealt with in a matter of minutes on a recent Saturday at Elliott Bay Marina in Seattle. A small group gathered around a 41-foot Bayliner, chained to the dock and looking a little ragged for its 10 years. The repo boats-boat auctions was over almost as soon as it began, with an unnamed buyer picking up the boat for $64,000—about half of what it was worth.
Like other marinas, Elliott Bay has seen an increase in the number of boats impounded for unpaid moorage. Currently, there are four at the popular marina near downtown Seattle—not a large number, but more than twice as many as the marina typically sees.
At the Port of Everett’s marina, that situation is more dramatic. There are about a dozen boats currently impounded. The marina boat auctioned about 30 abandoned boats last year and expects this year’s number to be about the same.
“Up until the point of auction, they can get their boat back,” said Cyndy Olson, marina director. Olson said the Port of Everett will hold a boat in impound for at least 90 days before considering a boat auction. The time frame is similar at Elliott Bay. When a craft is boat auctioned, the marina keeps proceeds to cover back moorage and other fees, and sends the rest to the boat owner.
In the case of the boat auctioned Bayliner, Elliott Bay kept about $6,000 and will send the remaining $58,000 from the sale to the registered owner. “In this case, it was apparent that the owner divorced the boat from his mind,” said Doug Hickle, harbormaster at Elliott Bay.
There are some great deals to be had at repo boats-boat auctions. Boats can be purchased for as low as $100. Here are three repo boats-boat auctions websites for you to review.
http://www.auctionspass.com/seized_boats
http://www.car-auction.com/Seized_Boats
http://www.boatauctionsdirect.com/repo_boats
Tags: repo boats, boat auctions, boat auction, repossessed boats
Tips for Buying Bayliner Boats at Boat Auctions
There are some terrific deals on new and used Bayliner Boats to be had by attending boat auctions. How ever you need to be prepared before attending a boat auction.
Boat auctions is a great means of finding the boat of your choice and many times you will get boats that are almost new and at a price that is considerably lower than its retail value. You will be astonished to see great brand name boats such as Bayliner Boats being auctioned off by the state or some repo company and at great prices too. Thus, when you go to boat auctions, you may very often is able to pick up outstanding bargains and sometimes you could even end up paying just ten percent of the original retail price if you are lucky.
However, before you enter the boat auctions makes sure that you have done your preparatory work and are well armed to get the best out of your experience. First off, you should get hold of a copy of the datasheet from the manufacturer regarding the boat of interest to you as it will enable you to find out the specifications with regard to the boat. Next, you need to check out the maintenance history of the boat that is being sold at the boat auctions and ensure that it has been regularly maintained especially note the engine hours, history of damage, equipment, and paint and also the interior. And, if the service history of the vessel shows that it has had numerous owners it may therefore have had a series of problems and may not be considered a good choice.
When you go to boat auctions and wish to purchase a boat, you should make it a point to be very observant and attending the preview would be recommended, and it also pays to keep a cool head during the auction and avoid getting into bidding wars, which more often than not, will end up causing you much unwanted remorse.
Once you find a boat that interests you which is being sold at boat auctions makes sure to give it a complete visual checkup and look closely at the hull, check out the throttle controls and also cables, and also the steering, and whenever possible check the blower, bilge pump, winches, stereo etc. In any case, you need to devote much time and also closely inspect the engine and look for things such as whether the bilge has oil in it which can indicate leakage of oil. And, if you feel that you do not have the proper qualification to perform these checks, take the help of technical hand.
Before you make a bid you should have found out a rough market valuation of the boat you are interested in and set a limit to your budget based on the amount that the boat is worth in the open market. In addition, be on your guide regarding claims that appear too good to be real, also treat police and salvage auctions with a degree of scepticism.
Ultimately, should you be in the position to have won the bid ensure that you have all the contractual details written down. Spend a little more time to look at other opportunities as they are always bargains to be taken advantage of.
Once you do your home work, you will be armed with the information so you get the best deal out there on a new or used Bayliner Boat. Here is some more information on boat auctions to assist you.
