Monday, August 15, 2011

The Purchase

There was little exciting about the purchase. It took longer than I would have hoped and a brief snafu regarding HIN numbers almost delayed it longer. In the end it was uneventful.

I would say that if you can swing a loan, now is not a bad time to buy. There are many boats out there that owners can not afford to keep. Elizabeth was one of them, but only because her owner moved to Texas. In the end, the deal worked out well for both of us. The previous owner was out only insurance, transport and storage fees. My final price of 14k was exactly what he paid for the boat when the recession first began. It is still 7k below market value for this area.

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