Boat Auctions
There is a massive selection of repo boats for sale across the country. Every kind of boat imaginable – fishing, power, sailboats, pre-owned boats, yachts, pontoon boats, motor boats, ski and bass boats, deck boats, house boats, air boats and even outboard motors – are available.
| Rank | Name | Rating | Info | |
|---|---|---|---|---|
 |
CarAuctionINC.com | Review | ||
 |
Car-Auction.com | Review | ||
 |
Gov-Auctions.org | Review | ||
 |
SeizeCars.com | Review | ||
 |
TheCarPass.com | Review |
Where do the repossessed boats come from?
There are numerous sources for boat repos including banks, credit unions, government agencies, police auctions, estate liquidations, dealers, charitable organizations, bankruptcy courts and more. It can cost a lot of money to store a boat, and it is not in these agencies interest to keep boat repos on hand, so they sell them at auction to recoup some of their losses.
If this is such a great deal, why doesn’t everyone purchase a boat this way?
The short answer is that it’s a secret. Dealers search these auctions all the time to bring repo boats for sale on their lots. They don’t want you to have access to the same auctions they do because then they can’t make money selling you a boat at an inflated price. If there is a “catch,” to boat auction, it is that bidding usually is fast paced. You have to understand the process and know what you’re willing to pay for the boat you want. Don’t get caught up in the bidding frenzy.
What is the difference between a government-run auction, police impound auction and a repo boat auction?
The biggest difference between the types is the source of the vessels. Government auctions receive boats from agencies such as Homeland Security, the FBI, IRS, DEA and Border Patrol to name just a few. State, county and local governments also regularly auction surplus property. Police impound auctions are just what the name indicates. The cars, trucks and boats here have been seized by police agencies as the spoils of illegal activity. A repossessed boats auction often is held by a bank or finance agency that has repossessed property that the consumer could not pay for. Other than that, the difference is in fees: government auctions charge no buyer fees or registration charges. Other auctions run by private auction houses may have a 5 percent fee tacked on to the top of your bid. This is the auction house’s income.
The economic tide is rising. Don’t let these boats float away!