Look like I'm gonna have to sell my love. F44 Motor Yacht...

foofer b · Post by **foofer b** » Wed Jul 14, 2010 6:37 am

The older boats like ours are also appealing because you get so much more boat for your money.

I would not finance it for someone though, too risky.

jwrape · Post by **jwrape** » Wed Jul 14, 2010 6:39 am

foofer b wrote:The older boats like ours are also appealing because you get so much more boat for your money.

I would not finance it for someone though, too risky.

Yea, I agree. It is risky, but with half down and keeping it insured then if he sinks it or does damage I get paid anyways.
But I don't have to worry about it anyways. No one has made an offer so far.

gettaway · Post by **gettaway** » Wed Jul 14, 2010 10:42 am

If you don't owe money on the boat and don't need all of the cash for something else, then...........
If the buyer put 25 or 50 % down, thier credit report and references were acceptable and you have a good contract, charge reasonable interest and if the buyer misses X number of payments , you repo the boat and keep the deposit.
The contract should require that the boat is fully insuranced with you as an additional insured, and specify a range that the boat can travel while under the contract. violate the contract and the boat and money is yours.
You would most likely have a better return on the amount you have financed than if you invested it right now anyways.

jwrape · Post by **jwrape** » Wed Jul 14, 2010 10:43 am

gettaway wrote:If you don't owe money on the boat and don't need all of the cash for something else, then...........
If the buyer put 25 or 50 % down, thier credit report and references were acceptable and you have a good contract, charge reasonable interest and if the buyer misses X number of payments , you repo the boat and keep the deposit.
The contract should require that the boat is fully insuranced with you as an additional insured, and specify a range that the boat can travel while under the contract. violate the contract and the boat and money is yours.
You would most likely have a better return on the amount you have financed than if you invested it right now anyways.

true

lanmanager · Post by **lanmanager** » Tue Jul 05, 2011 6:30 pm

Did you ever sell it? I have seen this boat it's one of the nicest F's I've ever seen. You can be sure that hull is 3" thick near the keel.

jwrape · Post by **jwrape** » Wed Jul 06, 2011 6:06 am

lanmanager wrote:Did you ever sell it? I have seen this boat it's one of the nicest F's I've ever seen. You can be sure that hull is 3" thick near the keel.

Yea, I just sold it about a month and a half ago. I miss her already