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Repossessed Boats For Sale – Now You Can Shop Where the Dealers Find Their Deals

One of the most exciting things to own is a boat, and right now the market is better than ever. With today’s economy, many people simply cannot afford these toys. However, it really opens up the market for great deals on reclaimed boats for sale.

How to find dealer offers

There are several sources that dealers use to find great deals on boats. Here are some of the most common:

• Banks and financial institutions: The banks that financed these ships and were forced to repossess them are looking to recoup as much of their investment as possible. This means you can find ships for 20 to 60 percent of their value. However, many of these repossessed boats for sale are not advertised. You will need to check with banks and other loan companies in your area to see if they have any available.
• Classified ads: There are dealers who buy boats privately. However, many times dealers can turn around and sell the boat at a high profit margin. While you can find a decent boat at a decent price, you should always ask yourself why the owner is selling the boat in the first place. Very few people will tell you if there is something wrong with the boat that will take a lot of money to fix. Dealers have mechanics on hand to make sure the boat is really good.
• Government auctions: This is probably your best source for finding a great deal on a boat. Hundreds of boats are listed for sale at federal, state and local government auctions each month, with many starting bids as low as $100. The best part is that few people know that these auctions even take place. These auctions will feature boats that have been repossessed, confiscated or are surplus.

How to find auctions

The best way to find one of these auctions is to join a website that lists all boat auctions, not only in your area, but across the country. Most of these sites only have a nominal fee and some are for lifetime membership. You’ll also find tips and techniques for getting great deals on repossessed boats for sale.

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