Category: Boats

Is There a Kelley Blue Book for Boats?

By boatingrvcenter • August 8, 2011 11:24 PM

Looking for Kelly Blue Book Boats?

kelley blue book for boatsIf you are looking for Kelley Blue Book boats, you should know that their are hundreds of different online value guides that will give you better information when it comes to buying and selling used boats. If you are looking for a good value guide, a lot of banks and dealers use one called the NADA Value Guide. The NADA Guide provides boat blue book values that will help you in your quest for finding out how much your used boat is worth, and how much you should expect to pay for it. The bank uses a specialized evaluation sheet to determine if you can get financing, and what the maximum loan to value ratio is on a boat. You can download this form for free on our site (coming soon) and fill it out before going to the bank.

The article below is about How To Get The Most For Your Boat When You Sell It. This site provides a lot of good information on how to buy boat foreclosures and save thousands of dollars doing it. Currently, there is no Kelly Blue Book for boats. The Kelley Blue Book does not specialize in providing values for used boats for sale.


How to Get the Most For Your Boat For Sale by Owner

 

cheap boats for saleWhen you sell your boat for sale by owner, it is a really good idea to understand what the value of your boat is. Unfortunately the Kelley Blue Book is something that you can’t use at the moment to help you determine the value, because they are not currently offering this service. We hope that they will offer it in the future. Below are seven tips to help you get the most for your boat when you go to sell it.

First, take the time to wash and thoroughly cleane your boat. It may also be a good idea to have a professional service, and detail your boat. This will enhance the value of your boat in the eyes of a buyer. While we are on the subject, you should also have professional, or at least semi-professional pictures taken, so that when people see your boat for sale, they will be really interested in buying it or making you an offer.

 

Second, take the time to advertise. The more people who know about your boat for sale, the more chances you have of selling it. Advertise in as many places as you can. Some places that you can advertise that you may not have already thought of include Craigslist, and Free classifieds.com. These places will get your boat in front of a lot of people, and may even be more effective than placing a large ad in the newspaper. Another place where you can try and advertise would be a magazine that specializes in boats for your area. This magazine will go directly to people who are interested in boats and buying them. Even though there are a lot of other boats for sale, if somebody wants what you are selling, they will be able to find it quite easily.

Tips to Finding Bank Repo Boats and Boat Foreclosures

By boatingrvcenter • July 21, 2011 9:38 PM

bank repo boatsWith the values in the real estate market still declining, there is still a chance to get a great deal on bank repo boats. Boat foreclosures turn into bank repos. Today’s bank repo boats are no longer the old, dilapidated boats that people with bad credit lose to a lender, but rather, a lot of them are repossessed from a dealer bankruptcy and are brand-new. The only difference is, you can now bid on a boat and buy it directly from the bank, rather than having to pay retail for it. In addition, in today’s market, there are a lot of people that have lost a lot of equity in their real estate portfolio. As a result, a lot of them are not able to afford the luxuries that they could afford three and four years ago. A lot of wealthy people are also losing their boats because they are no longer able to make the payment and maintain the the kind of lifestyle that they were previously used to.

These bank repo boats are a great opportunity. There really are a lot of boats that are being sold for 60 to 70% of their new price. If they are being sold quickly at an auction to the highest bidder, you have an opportunity to save more money buying a bank repo boat than you would if you were buying it from a private party seller. Below are some great ways to find bank repo boats.

Where to Find Bank Repo Boats

First of all, contact local boat dealers in your area, ask them if they are selling any bank repossessed boats, or if they know where any foreclosed boats are being sold. Also, you may want to check your local newspaper or the classified section of boating magazine. These will frequently have ads for bank repossessed boats for sale. Another way to shop for a bank repossessed boat is online, however, I think you should search for local auction companies rather than search for the boats themselves. You want to avoid scams, and never bid on a boat that you don’t see with your own eyes. You want to avoid bidding on boats that are more than 200 miles away from your home. After all less than 1% of boat sale at an auction to people that are more than 200 miles away.

This video shows how to bid on Repo Boats


The third way you can find bank repo boats for sale is to contact lending institutions. To banks and credit unions, these are referred to as “ nonperforming assets”. Banks and other lending institutions will want to sell these as quickly as possible so they can recoup some of the money that they have lost when they lent people money to buy the boat in the first place.

Some people think that it is unjust or unethical to buy a boat that had been repossessed. They think that buying a boat repossession is taking advantage of another person. However, most of the time, you are only buying a boat from the lender. They are giving you a discount, to purchase the boat quickly. You are not doing any harm to any other person, because there is no other person involved in this transaction. On the contrary, you are helping the bank to stay in business and allowing them to lend more money to other people to buy a boat.