Depending on the person who gave you the loan, there is a real chance that they may attempt to repossess your boat from you. It would be best to try to see if a payment plan can be worked out with your creditor.
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.
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.
www.yachtauctions.com is a great resource for repo boats. You may also want to try www.repoboatsdirect.com
You can buy repo boats by contacting your local finance companies or in the Autotrade magazine. You may find them on Ebay as well.
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.
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.
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.
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.
Call the repo guys OR the lender.
No :)
Q:Can you get an apartmet with a car repo? A: All apartments come without a car repo option. Sometimes you can negotiate utilities, however