Jessica Mousseau is a copywriter & copy editor from the United States. Her work can be viewed at: www.jessicamousseau.com.
Published May 28th 2011
Many people are discovering that boat auctions are the best places to find good used boats. Many of them are repossessions, but that doesn't mean you're going to be stuck with a "piece of junk"; rather, you may just find yourself owning a boat that was once sailed by a prominent Wall Street investor.
Don't let the word "auction" intimidate you; you do bid, but it isn't hard to do. You can learn about bidding at boat auctions by visiting the auction websites. Many auctions are held on-line, so you can research information on how to place your bid, what is needed to secure your bid, and how you will take possession of the boat should you win the bid.
There are some "live" auctions also held in New York. Show up when one is being held and just observe. Once you have learned how a boat auction operates, you'll be ready to bid and buy your "new" boat' at one of these.
You can choose from boats that have been repossessed by banks, or turned over to Boat Auctions Direct by boat dealers because they were overstocked or were liquidating their current models. You may even be able to bid on boats that were seized by the U. S. Coast Guard. If you're lucky, you may be able to find out the boat's "history", which will make it even more fun to own. You can bid online or find information on live auctions being held by or through Boat Auctions Direct. This way, you'll be able to find boats in and around New York City that are available for purchase.
This is the site to visit if you are interested in a large boat or one that fits in the yacht or luxury vessel category, but there are all types of boats available. online auctions are held weekly, and bidding ends at 4:00 PM each Monday. The only types of bids accepted are sealed bids, so you won't have any way of knowing what someone else has offered for the boat you're interested in. You'll just have to submit your bid and hope it's accepted. But, think about it this way. That just adds to the excitement of the purchase process.
This is a full-service auction company that specializes in "debt related sales". In other words, you will be bidding on repossession or on a boat that has been put up for auction by a bank or other financial institution. David R. Maltz & Co., Inc. has built a reputation for being one of the best boat auction companies that handle New York boat auction, so you know you will be dealing with a professional, legitimate organization. They have built their business on their honesty and integrity, so you don't have to worry about any "shady" dealings going on.
This boat auction company is located in Commack, New York, making both the inventory and auction company very accessible to New Yorkers. The company conducts 1,200 auctions each year, so you will have no trouble finding out when the next one is being held so you can bid on your new boat.
You may be bidding on a repossessed boat or a seized boat, but you'll be bidding on a high-quality boating vessel. As mentioned earlier, some of them will be in the New York City area, so it may be possible to inspect the vessel before you make a bid.