Trojan Boat Forum

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.

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.

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.

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

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.

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