2008 Updated Repo Boats Resource Links

Finding legitimate repo boats resources online can be a real time consumer. Most online "repo boats" sales links tend to be either dead end links to a non-relevant site or a link that merely points you to high traffic sources like Ebay or boattrader.com.

The links below are a collection of resources that I've found to be useful. Sources that can render you a boat 50-75% under market. Considering the current rise of repossessed assets that figure is probably understated.

Due to the current market repos are becoming less obscure and have been showing a longer "shelf life". That is, they tend stick around longer now since banks, credit unions, and lending institutions are increasingly having to deal with more boat loans going into default. This gives us a better chance of getting hold of a great deal.

Once lenders dump their repossessed inventory (usually to an auction house, or local repo dealer)prices are steeply discounted...especially those repos that have sustained minor hull or engine damage.

State or Local Asset Auctions Are a Great Place for Finding Repo Boats

Lending institutions, local auction sales, and even Government auction sources are where you're likely to find repo boats for sale. Sherrif and U.S. Marshal auctions are selling off seized boats regularly statewide...not to mention a whole host of other repossessed assets.

Sources that offer boat repos:

The goal is for the lender to contact you as soon as a repo comes available. My own personal experience with this method has given me only a few leads and overall it's a bit time consuming.

So, my current method for finding local repo and auction sources is via. an online updated members only database that continuously provides more inventory to choose from. Through trial and error, this new, up and coming databank has been getting its due attention from the repo underworld.

Auctionspass.com offers members for I think a one time fee of $40 access to an updated databank of state and local auctions hosted by banks, credit unions, and local government organizations. The advantage here is updated local listings in your own state.

The high ticket property being auctioned off have all been seized by Police, Customs, IRS, and DEA officials and are routinely sold for just sometimes a few hundred dollars. You can bid on anything from repo cars, trucks, cycles, repo boats, yachts, passenger cruise ships, jet skis, fishing boats, as well as homes, vehicles, computers and a host of other must sell assets.

I've used other database websites and most are either copy cats or outdated.

Below is a list of several other screened repo sources that may or may not be local for you but nonetheless provide serious boat savings opportunities:

The biggest benefit here is an extremely large (3,000+ updated auctions nationwide) Gov't pre-owned/surplus asset auction database. Inventory is well maintained and assetts are relatively new...usually only 2-3 yrs old. Site offers immediate access as well.

WatersEdgeBoats.com offers repo Michigan boats for sale. Specializing in new, used and repossessed power boats. WatersEdge powerboat brokerage has a respectable database. Rick Velger is the boat repos specialist and can be contacted online.

Auctionspass.com may not be the only legitimate online resource but in terms of locating repo boats I've not been unable to find one that delivers any better. This resource allows you to bid online on boats up for bid at sheriff and lender repo auctions as well as other repossessed assets. A big time saver and a well groomed data bank of auctions you can find within reasonable proximity should you want to visit. Auction database is regularly updated.

HarrisonMarine.com is a very relevant site that also offers repo Michigan boats for sale and may be the midwest's largest repossessed boat sales outlet. Located in Harrison Township, Michigan, Harrison Marine's website allows you to view and bid online for repo boats

LongBeachYachtSales.com specializes in the marketing of pre-owned and repossessed boats, rvs, and yachts. I found them to be a very reputable company out of Long Beach and Newport Beach, CA. Awarded the Dealer of the Year from Boat and Motor Dealer magazine, Long Beach Yacht Sales represents many of the major marine lending institutions in the resale of repossessed inventory.

Premieryachtsales.com has a modest inventory of liquidation, reposessed, donated, as well as other commerical boats for sale. Located in Richmond, CA.

salmonbaymarina.com offers services to Lending institutions and boating clients by recovering, mooring (storing) and selling boat repos. Located in Seattle, WA.

National Liquidators has handled over 10,000 cases since its inception in 1988, from jet skis to yachts to passenger cruise ships and used boats. Their inventories include bank repo boats, foreclosures, government seized vessels and brokerage boats. Their facilities are located in Fort Lauderdale, Florida, Newport Beach, California and Cleveland, Ohio.

iboats.com has one of the biggest boat classifed listing services online. By typing the words "repo" or "repossessed" within their sites search engine you'll spot quiet a few boat repos for sale either by dealers or lending institutions. Be careful though as some of the results that you will find will not be repos but rather words that contain the word repo i.e. repowered or some other variation with the word "repo". Nonetheless, you have a huge database from which to sift through.

AllisonMarine.com has a used boat inventory of demo models and repos. Located in Costa Mesa, CA.

seauction.com is the home of Southeast Auction Company, Inc. This is a good auction source that regularly liquidates a large inventory of repo Boats, RV's, as well as other merchandise. Open to the public auction house sells vessels to the highest bidder regardless the price. Located in Tuscaloosa, AL.

WhatsForLaunch.com has a section on their website called "make offer marina" or "MOM". Here you'll find No Reserve, Low Reserve, and No Hidden Reserve Auctions for New, Used, Trade In , Liquidation, Salvaged, and Damaged Boats over the Internet. Located in Covina, CA.

CommonWealthBoatBrokers.com is large bank repo outfit specializing in bank boat repos as well as other watercrafts and rv's. Located in Glen Alen, VA.

CertifiedSales.com is a large outfit specializing in the sales of repossessed yachts, vehicles, aircrafts and equipment. All of the items on this site are selling under what they consider "unusual circumstances" i.e. repossession, insurance payoff, damage, or simply an owner who has a strong desire to sell the unit quickly. Located in Mendon, MA and Warwick, RI.

YachtWorld.com specializes in the repossession of vessels and act as a "substitute custodian" on Federal Court Ordered Arrests of vessels by the U.S. Marshal's Service. Located in Seattle, WA.