Repo Boats
Looking to buy a new or used boat? This page provides links, information and resources for repo boats online. Bank repossessed boats and government seized marine watercraft are available for purchase at low discount prices. It is just a matter of knowing where to find the best deals on quality used boats that have been repo'd or repossessed.
Boats and marine vessels that have been repossessed could be fishing boats, ski boats, shrimp trawlers, yachts, sailboats and just about any kind of vessel. These could be new boats from a foreclosed upon boat dealer, foreclosures from a bank seizure, government seized and bank repossessions due to non-payment. Purchasing these through boat auctions can save you money versus the regular dealers.
Background
Buying a repo boat can be a great way to get a new or quality used boat at prices much less than the traditional method and sales process of buying a boat from a marina or boat dealer. Savings on used boats and repossesions can vary from dealer to dealer and auction to auction.
Purchasing a boat that has been repossessed by the bank, foreclosure or seized by the government does have its risks. You really do not know what kind of care and preventive maintenance the boat received from the previous owner. If you have knowledge of boats or have a friend that is a mechanic some of these risks may be avoided.
Mahalo recommends... How to Buy a Boat at Auction.
Boat Auction Dealer
See YachtAuctions.com Boat Liquidators for more information on repo boats and boat auctions of new and used boats, fishing boats and other marine vessels.
Boat repos on the rise
This video illustrates how bank repossessions of boat repos are coming to the market in large numbers. In this video it shows over 100 brand new boats that were bank repossessed from a boat dealer, and are now available at reduced prices as repo boats. Now people get to bid on these boats and motors and name your own price. The selection shown included Mercruiser, Yamaha, Chaparral boat, ski boats and more.