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A Cruising Guide for the Reluctant Mate

      

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lv-ab: owner financing?

From: (no name) (no email)
Date: Sat Jan 06 2001 - 11:42:09 EST

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    Hello-

    I swore I would not go in debt to purchase a boat. I have a contract on one
    right now that I can afford but on Monday, based on the surveyor's report, I
    will withdraw my offer.

    I have an appt to look at another boat next week, but I know it will cost
    more than my boat cash fund.

    Has anyone purchased a boat, with approx 80% in cash, and had the owner hold
    a note or lein for a period of maybe 90 days?

    Is it kosher to ask the owner/broker if he'll do this? I guess it all depends
    on how anxious the owner is to sell. Comments welcomed.

    Thanks-
    Fred
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