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.
Yes, if the Lien Holder of the vehicle gives them permission to repo.
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.
Do you have a repo contact at BoA? I am going to have the same problem. norris7875@live.com
They certainly can. Actually, it is not your boat until it is paid for--in full.
Only if the truck, boat and trailer were all behind on payments and the lien holder for all of them assigned them all out for repo. If they weren't it's called conversion.
"both" the bank and repo man?? NOT that I am aware of. retaking, REPO??? usually charged by lender storage, USUALLY charged by repo co. repair (NOT normally done), sales expenses WHAT did who "SELL"??? READ YOUR CONTRACT. It should govern what you pay to whom.
A good site to find information about boat sales is 'Discover Boating'. They have a buyer guide for the various types of boats available. 'Boat Sales Pro' is another good source of information.
aarons can repo as soon as you have missed your first payment as long as u give up the product if u dont nothing really they can do about it
In Florida, the repo company charges the lender with the cost to repo the car. However, the repo company can charge no more than $25 for storage of personals found in the auto.
no they cant only after 2 years
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.
You may be confused. A repo is an act pursuant to a secured loan, wherein the vehicle is security for the loan. There is no need to use the word "repossession." A repo is only one remedy available to a lender on a secured loan.