Headlines
Some Repo boats are moving
- Thread starter DKwestern
- Start date
velocity tom
New member
Thay are all still there at nl. site
JupiterSunsation
New member
The Lauderdale location is always bustling with activity. They do re-list older inventory on occasion as "new inventory" to re-ignite some interest/action.
Good stuff goes, junk sits. I have always felt that good stuff/deals go to inside people and the public gets to fight over the rest. The bidding process is very flawed and can be circumvented easily by sitting there in person with a checkbook with the broker on the phone with the bank.
My buddy bought a Rinker cuddy this summer, after a $900 tune-up and some elbow grease shining it up the boat appears to be a good deal. He ended up paying low book on it (2003, claimed 27 hours on meter). Boat hasn't broken on him yet (5 months/ 50 +/- hours).
Good stuff goes, junk sits. I have always felt that good stuff/deals go to inside people and the public gets to fight over the rest. The bidding process is very flawed and can be circumvented easily by sitting there in person with a checkbook with the broker on the phone with the bank.
My buddy bought a Rinker cuddy this summer, after a $900 tune-up and some elbow grease shining it up the boat appears to be a good deal. He ended up paying low book on it (2003, claimed 27 hours on meter). Boat hasn't broken on him yet (5 months/ 50 +/- hours).
VetteLT193
New member
There are deals. Low ball.:lurk5:
Team Tsunami
New member
I heard the 46 Cig sold for a good price.
JupiterSunsation
New member
Good for the buyer or seller?
Geronimo36
Charter Member
I heard from a reliable source there's been a lot of "funny business" going on with some of these "deals"..... beware....
Otis311
Charter Member
Funny business going on in the boating industry ??? Come on...give me a break, you have NO IDEA WHAT YOUR TALKING ABOUT:rofl::rofl::rofl:
Geronimo36
Charter Member
AND, there's no room for truth on the internet!!!! :rofl::rofl:
Tony
Founding Member
A theres a few guys in Ohio who are fairly ****ed off at NL right now. http://www.islandpirates.net/forum/showthread.php?t=3477
VetteLT193
New member
I don't know how their whole operation works but I know for a fact that at least some of their boats are 100% bank owned. The bank reserves the right to sell it on their own... some of them do. Some of the banks have a customer base and they send the list out to the good (i.e. cash) customers with bottom line prices that are no where near the liquidators starting bid.
DollaBill
New member
Of course the boats are owned by the lenders. NL is a brokerage operation. Just like every other yacht broker.
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