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Boat Lease Back?

Old 07-13-2020, 03:23 PM
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Default Boat Lease Back?

Has anyone ever done a lease back on a boat they sold?

Like you sell the boat then lease it back for a few months?

I know it happens in real estate transactions. Just wondering if it ever happens in boat transactions.

Ie. You sell the boat and lease it back for $1,000 a month and have a cap on hours you can put on. Just kind of spit balling.
Old 07-13-2020, 03:51 PM
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Why would you sell it and then lease it back ?
Old 07-13-2020, 03:57 PM
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Originally Posted by jdwaters View Post
Why would you sell it and then lease it back ?
To cut down on the time without a boat while one is being built
Old 07-13-2020, 04:02 PM
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Don't sell it until you have the new boat.
Old 07-13-2020, 04:03 PM
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Seems like a pretty big risk for the new buyer. I would be hesitant to buy a 50-150k boat then let the original owner use it for X amount of months else there was some kind of escrow with extra money. What happens if the motor blows up or you hit ground/rocks etc. Not much risk for you but a lot for new owner. Can you just sell the boat later or you need the funds for the new boat?
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Old 07-13-2020, 04:10 PM
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That idea has breach of contract / multi year civil lawsuit written all over it. I love the outside the box thinking though.
Old 07-13-2020, 04:15 PM
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Nope. If I buy something, I want to play with it the day the ink is dry.
Old 07-13-2020, 04:18 PM
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Several charter guys I know have "sold" there boat months before they have turned it over to the new owner. Not sure how the finance part of it went down, but if your boat is in demand people will wait to get it.

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