Formula Jr
09-28-2004, 10:31 PM
In the near future we will be seeing many totaled claims coming on to the market from what has happened in Florida. You are going to see what look like good, and in many cases unreal deals.
I would like to warn people to temper their enthusiasm when these come up for bids or through private sales.
To make a reasoned judgement, you will need to know exactly what happen to that boat and how long its been in "purgatory" while the claim was figured out. If they got to it fast, or if it was a simple fresh water sink that was quickly flushed and dried there might be a deal there, but if it rolled around on a beach or something there's going to be more wrong with that boat than you ever imagined. It might look good, but EVERY thing is going to be trashed to some degree. And there is a high likely hood you will pay more in its restoration than you might in just finding a good used boat. I'm just say'en.....be smart and reserved if you're look'en foreward to the glut.
I would like to warn people to temper their enthusiasm when these come up for bids or through private sales.
To make a reasoned judgement, you will need to know exactly what happen to that boat and how long its been in "purgatory" while the claim was figured out. If they got to it fast, or if it was a simple fresh water sink that was quickly flushed and dried there might be a deal there, but if it rolled around on a beach or something there's going to be more wrong with that boat than you ever imagined. It might look good, but EVERY thing is going to be trashed to some degree. And there is a high likely hood you will pay more in its restoration than you might in just finding a good used boat. I'm just say'en.....be smart and reserved if you're look'en foreward to the glut.