If you're hunting for a bargain boat at auction whether it's been repossessed or damaged and willing to do put in a little work up front to find one. Then this article should be of a little help in that regard. Bank repo boats aren't easy but they can be very cheap and for me it's a labor of love.
I'll be the first to admit that finding a decent boat up for auction isn't easy. But if it was then the payoff wouldn't be as good. Most boat buyers want a cheap boat but aren't willing or don't know how or where to look to find a steeply discounted boat. There are a lot of boat auction liquidators you can find via. Google but that's still far from the best way of finding a cheap boat. It takes a lot of time to regularly sift through local and regional auction houses via. Google or your favorite search engine.
I will say that if you're willing to put the time in up front the payoff can be considerable. However, the payoff can more than make up for it. It's rare to find a nicer boat for 90% off. If you do it will in most cases not be seaworthy. But 40 to 60% off is not uncommon. I rarely use Google to find boat auction houses and opt instead to use aggregation type sites like Boat Auctions Direct to find inventory. It's faster, easier and cheap.
There are auction sources you can find a boat that will match up exactly to the spec's you prefer because of the depth of their inventory. Sites like Ebay or National Liquidators have a lot of boats up for auction. But they also have a lot of eyes watching the bids. So it's hard to really find a great buy for obvious reasons.
I've found that most boat buyers considering buying at auction will look the high traffic, transparent sites like Ebay or Nat'l Liquidators and maybe a few other free boat auctions sites near the top of Google. Those boats get a lot of eyes and a lot of bids and typically sell for around market value. Ebay does offer a big selection of boats and pwc's however, many are being advertised by either unmotivated or unrealistic owners. And if they're not dealers then check what kind of seller they are. Ebay is a notorious online venue whereby boat sellers 'accidentally' forget to disclose a particular ongoing issue that would obviously devalue boats value.
One thing that might help. Most of those fee based Police auction or Gov't auction websites don't have much to offer in terms of boats or watercraft. The U.S. Government or the U.S. Coast guard isn't busy seizing thousands of boats and letting them go for pennies on the dollar. You can check their asset base for free as well. Without paying a fee every month like a lot of these Gov't sites ask for now a days. I've joined them in the past and they can help but I wasn't able to find any boat inventory. If you're looking for boat auctions, I recommend Boat Auctions Direct. Period.
I'll be the first to admit that finding a decent boat up for auction isn't easy. But if it was then the payoff wouldn't be as good. Most boat buyers want a cheap boat but aren't willing or don't know how or where to look to find a steeply discounted boat. There are a lot of boat auction liquidators you can find via. Google but that's still far from the best way of finding a cheap boat. It takes a lot of time to regularly sift through local and regional auction houses via. Google or your favorite search engine.
I will say that if you're willing to put the time in up front the payoff can be considerable. However, the payoff can more than make up for it. It's rare to find a nicer boat for 90% off. If you do it will in most cases not be seaworthy. But 40 to 60% off is not uncommon. I rarely use Google to find boat auction houses and opt instead to use aggregation type sites like Boat Auctions Direct to find inventory. It's faster, easier and cheap.
There are auction sources you can find a boat that will match up exactly to the spec's you prefer because of the depth of their inventory. Sites like Ebay or National Liquidators have a lot of boats up for auction. But they also have a lot of eyes watching the bids. So it's hard to really find a great buy for obvious reasons.
I've found that most boat buyers considering buying at auction will look the high traffic, transparent sites like Ebay or Nat'l Liquidators and maybe a few other free boat auctions sites near the top of Google. Those boats get a lot of eyes and a lot of bids and typically sell for around market value. Ebay does offer a big selection of boats and pwc's however, many are being advertised by either unmotivated or unrealistic owners. And if they're not dealers then check what kind of seller they are. Ebay is a notorious online venue whereby boat sellers 'accidentally' forget to disclose a particular ongoing issue that would obviously devalue boats value.
One thing that might help. Most of those fee based Police auction or Gov't auction websites don't have much to offer in terms of boats or watercraft. The U.S. Government or the U.S. Coast guard isn't busy seizing thousands of boats and letting them go for pennies on the dollar. You can check their asset base for free as well. Without paying a fee every month like a lot of these Gov't sites ask for now a days. I've joined them in the past and they can help but I wasn't able to find any boat inventory. If you're looking for boat auctions, I recommend Boat Auctions Direct. Period.
About the Author:
Click Here: boat auctions and discover how to easily find cheap boats for auction at a boat liquidation house near you. Purchase any boat direct at auction and save. Arthur has been a boat enthusiast for over 10 years and co-edits for http://www.boatauctionsinfo.com and works at finding the best auction sites for bank repo boats in central Florida.
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