Getting a boat that has been repossossed is a great way to save money. Ebay.com has auctions of a lot of repossossed boats available.
You can buy repo boats by contacting your local finance companies or in the Autotrade magazine. You may find them on Ebay as well.
There are many of repo boats available at any time. There is not a specific time that is better than others to buy a repo boat.
There are many different places repossessed boats can be find. Some of the more common are auctions. By going to auctions, you have a good chance of getting a great deal, that is why they are so popular.
Getting a boat that has been repossessed is a good idea if you are looking to save some money. You can try EBay, or http://www.boatboss.com/?search=Bank+Repo&all_locations=yes&catid=-999&view=ads to find repo boats for sale.
www.yachtauctions.com offers a weekly online bidding system. www.repoboatsdirect.com has an inventory that includes new, used and repo boats with fixed prices and financing available.
I was surprised at how many websites there were for buying repo boats. Try yachtauctions.com, repoboatsdirect.com, or boatboss.com. And, as always, you can always find local sellers on craigslist.org, especially if you live in a metro area.
www.yachtauctions.com is a great resource for repo boats. You may also want to try www.repoboatsdirect.com
Most companies that have loans on boats will hire private businesses or individuals to go out and repo the boat that is passed do. One company that repos boats is Marine Lenders Service.
A friend of mine used yachtauctions.com, a national boat and yacht liquidating company to sell his boat. They offer a weekly sealed bidding system the ends on Mondays at 4pm Eastern time, and they have close to 300 boats available to bid on. Good luck!
If you keep going 60+ days past due, you receive a right to cure notice w/ intent to repo., and you don't answer your phone. If you show no interest in resolving the situation, they will repo the vehicle and let you deal w/ the problem.
There are many places you can look online for repossessed boats. You probably want to limit your search by your area, but an example is www.yachtauctions.com.
There are sites out there that sell repossessed items, however, it is unlikely your friend will find his exact boat. He might be better served by contacting whoever did the repossession.