Yacht Auctions: What you can expect this year with repossessed yachts.

How much can I save shopping online yacht auctions?

The short answer is that yacht auctions will typically offer you around a 50-75% discount . You've probably heard claims like that before but the reality is this year we're seeing banks and credit unions let go of their "non-performing yachts" at alarming prices...

Then and Now:

" In 1998, new cruisers sold for an average of $254,365 each. By 2002 that number had jumped to $367,505, and in 2008 buyers were paying an average of $465,826 per vessel!

While those folks were stroking checks for about $465,826 for that new yacht in 2008, yacht auctions were delivering an average of $240,580 for model years 2000 and later...

So, for model years 2000 through 2007, cruisers measuring 30 feet in length or more were sold for an average savings of 47.7% off of the current appraised value of the boat during online auctions in 2008."

The crazy thing is that 2009 is off the charts!! 50-75% is about average." - BoatAuctionsDirect.com

And How Can I find online yacht auctions?

A search engine might seem like the most obvious answer, but you'll rethink that plan once you see the results, which will number in the hundreds of thousands. Even if they were all good links, you'd still miss yachting season just trying to find what you're looking for. In addition...

Most auctions come and go and quiet often the search engines still rank last years auction that's no longer relevant. Don't waste your time.

Fortunately for 2009 this source came available...

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