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Boat Auctions: Why Banks Want Your Offer
23 hours ago ago from puritanpub.com
This year has been simply the best of years for buying boats at state or local repossession auctions. As a frequent boat auction attendee myself it's generally accepted that a repo boat sold at auction will offer a 15-20% discount relative to book value. That's not bad, especially when you figure larger yachts retailing over $100K..the savings can be really be significantHowever, boat auctions has only served to inflate that percentage ...
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