Following up on the recent thread on the current state of low boat prices....in particular when financing an older boat is difficult.
Was at my club tonight talking with a friend who recently sold his older trawler. Got a good price and sold it quickly. How did he do it in today's boat market? Owner financing. He holds a mortgage on the boat at 6%. He required the buyer to list him as co-insured and has condition that loan defaults if he doesn't get certificate of insurance every year. He also required automatic monthly bank draft. Has other conditions to protect himself. He says owner financing allowed higher price and increased marketability. Dennis C. Touché 35-1 #83 Mandeville, LA Sent from my iPhone _______________________________________________ This List is provided by the C&C Photo Album http://www.cncphotoalbum.com [email protected]
