Boating and the Economy

[skyski_tige]

Jake - Have you asked the MC owners about this? I say sink the MC's

[dogbert]

I would guess they would sell for 80% of dealer cost, maybe lower??

Let Obama redistribute the wealth

[ragboy]

Its funny, because now is such a great time to buy. My business has been doing good still, but I am nervous seeing lots of crumbling around me. My biggest client depends on giving credit to people, so I thought they were going to crash and burn. But believe it or not, they are doing great right now. They give credit to marginal credit targeted people, and I think there are a lot more now. I also have several clients that depend on budgets from the state of california, and they are also pushing forward, with money in the budget now through next year. I thought they were gonna freeze too. Weird.

All that to say, I don't have the balls to buy something right now. I want a river boat, and I have found these great thunderjet boats, at this dealer, where MSRP is $57k, and they are selling the boats ADVERTISED on their site, to try to get them off of the lot, for $37k. I keep checking their inventory and they are not selling them. Maybe in the spring I will feel better about it, if business is still cranking.

[teachercop]

Do you think, you could buy some of these boats for the UNPAID slip fees.

Typically the vehicle gets impounded and goes to a public auction. A title search is conducted and if the vehicle/vessel is legally owned by a finance company they will repossessed. A lien will be placed on the vessel/vehicle against the legal owner (bank). Often a agency will broker the vessel and unpaid fees will be owed to the marina.

I suspect the process varies slightly from state to state but they probably follow similar process.

Although I like your idea, if you find a way to get the boat for slip fees only, it probably won't be much more than a canoe...

[jwanck11]

Interesting read.

Warren Buffet motto ... buy when people are nervous, not when they are arrogant.

This is a great time to buy about anything if you are in teh right situation except homes that have not properly depreciated.

[hoopykat]

This article was not written by anyone at MSNBC; it appeared in our local newspaper last week from an AP reporter, and it also included some photos of abandoned boats strewn about the Delta. Our version also included interviews with local waterway people, as well as marine unit folks from the Sheriff's Department. It sucks to see so many wrecks and abandoned boats throughout the Delta...people just leave them at their slips and walk away...sad.

-Mike