July 4, 2008, Newsletter Issue #145: Salvage Auctions

Tip of the Week

Many boats offered at auction have been gained through salvage. While many of these boats are still seaworthy, many of them have been damaged -- either through storms, accidents, or abandonment. Salvage auctions can be great ways to find good deals on watercraft, but you need to be able to carefully judge the integrity of the boat you want before you begin bidding. You should try and get a professional marine surveyor to look over the boat to give you an idea of the extent of any damage. Remember that any boat you buy from a salvage auction will most likely have some kind of damage history. Be prepared to pay for repairs and refurbishment in order to make the craft safe and seaworthy.

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