Investing

What Those Government Auction Sites Don’t Want you To Know

I’ve notice one thing that most boat enthusiasts have in common…and that is that we all want the most boat for our hard earned dollar. No big revelation there of course. But boaters all know that marine sales can render unbelievable deals. Unlike cars boat values are consistently inconsistent. They’re also typically difficult to appraise a firm value since so many factors can be worked into the equation. So to really get a great deal on a boat…you almost need to find one for more than 30% under what you’re local market offers. However, not too many retailers or boat owners are willing to devalue their boat to that significantly.

I’ve notice one thing that most boat enthusiasts have in common…and that is that we all want the most boat for our hard earned dollar. No big revelation there of course. But boaters all know that marine sales can render unbelievable deals. Unlike cars boat values are consistently inconsistent. They’re also typically difficult to appraise a firm value since so many factors can be worked into the equation. So to really get a great deal on a boat…you almost need to find one for more than 30% under what you’re local market offers. However, not too many retailers or boat owners are willing to devalue their boat to that significantly.

An often overlooked and under utilized [I:www.chillicious.com/wp-content/uploads/2011/08/AbrySummers2.jpg]auction resource is local and regional Gov’t auctions. I will admit however, when it comes to boats and jetskis inventory can be a little sparse at times. In spite of what you’ve heard, the Government or the Coast Guard simply isn’t confiscating “thousands of boats and watercraft every single day!”

One under utilized auction source is local and regional Gov’t public auction sales. Now I will be up front when it comes to marine vessels and equipment… inventory isn’t exactly over flowing. In spite of what you’ve heard, the Government rather the U.S. Coast Guard just isn’t seizing “thousands of boats every day!” Government agencies like GSA, USMS, and the Coast Guard do confiscate and liquidate boats but you’re just not going to find hundreds of thousands of boats to choose from. I mean how often does the Government seize a boat every day? Certainly not thousands as some auction sites boldly proclaim. So, like with any kind of bargain shopping venture don’t rely upon one venue to shop through. Government auctions represent a small piece of a big pie.

Transparent marketplaces like Ebay or Government Liquidation are ok places to start as you might find marine equipment, accessories, parts, or small boats for auction. But there’s typically only a small inventory available at any given time. Besides transparent market place like the above are ripe with bidders willing to pay more than retail if it’s something specific they want or need. So be careful not to get to excited about high traffic auction sites.

One common question I see is boat buyers looking for a specific manufacture and model boat. Although you can find an exact match…especially now a days with respect to the current economy, it is still unlikely that you will find an exact match right away. In time you will. Realize that boat auctions don’t have quiet the inventory you find at a car auction. Now if you’re willing to cross several state lines to find a great buy…and many do than you increase your chances considerably.

Before you buy any boat check out these repossessed boats at boat auctions across North America. Pay way less than your neighbor paid for his…years ago!