answersLogoWhite

0

Often repossessed boats are sold for 60%-75% off their book value. You can however encounter bidding fees and will need to have a deposit as well if you are the winning bidder.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Where can I find cheap repossessed Cars?

Your local car auction can provide you with a great selection of repossessed cars and trucks. You can contact banks and lending istituions for a list of cars tey have for sale most cars are sold at auction.


Where can I buy cheap pickup trucks?

You can find cheap pickup trucks at auctions. When cars a repossessed or taken by the cops they go up at auction. You can bid on these trucks and get a good price for them.


What is the catch in buying repossessed cars?

The biggest turn-off when buying Repossessed Car:As you already know, Repossessed Car Auction is a great way to buy your new car or other types of vehicle (boat repo auction, RV repo auction, ...); however, it seems almost too good to be true, because the price is very low. The catch lies in the fact that Repossessed Cars were taken from their previous owners by the government, so they are basically used cars. Therefore, you must take all the steps necessary to find out about the history or the damages of the repossessed car yourself.Why you should still go for Repossessed Car:The easiest answer is: because it is very cheap. Normally, you can find one at as low as $200. Furthermore, even though repossessed cars have been used, they were taken away because their owners couldn't pay the bills, not because they were damaged or got into accidents. Thus, most of the times you will find very good repossessed cars that are perfectly normal and usable. Still, remember to check its history and VIN number! Also, remember to visit websites like www.vehicleshq.com to prepare your knowledge before going to a real repossessed car auction.


How do find repossessed auction in your area?

The Classifieds, or google.


What happens to title loan cars when they are repossessed?

They are sent to an auction and sold.


Where is the best place to buy a used ford mustang?

I would think that an auction for cars that have been repossessed is a great place to find a cheap car. I would also look on Craigslist and Ebay too.


What do they do with repossessed cars ?

They check them out and resell them after that for a cheap price.


How does Chrysler financial handle repossessions?

Chrysler sells their repossessed car at auction.


If your veh is repossessed in OKLAHOMA can you be garnisheed for any unpaid balance after auction?

Yes.


What is the difference between a normal boat and a repossessed boat?

A repossessed boat is a boat that the bank or company has taken back from you because you neglected or were unable to make payments to legally own the boat. A normal boat would be a boat that's owned by a person who's either making the payments on time or already has it paid off.


where can i find prices for cheap rc boats?

You could try local auction websites to find cheap RC Boats. you could also look here http://www.nextag.com/cheap-remote-control-boat/stores-html. I hope this helps.


Can you be sued if you let your mobile home be repossessed?

You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.