Looking back, the year 2011 witnessed a surprising number of repossessed boats that were (and still continue to be) liquidated by banks, credit unions, and dealer short sales. There was even quite a number of astonishing price concessions by lenders. Most of theses Repo boats were of the late models, including bass boats, fishing boats, yachts, ski boats and pontoons, and were sold for a fraction of their actual book value (the price at which they were bought). Accordingly to a recent survey, repossessed sale discounts have been between 20-60% of the book value.
615-348-5922
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Worldwide > United States > Nashville, TN > Boating