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Various objects can be repossessed, including boats and aircraft, but most repossession agencies focus on car repossession. The repo agent normally uses a tow truck or pickup truck with a special towing attachment called a boom. They also may obtain the key from the car owner. Usually, the vehicle owner must be notified of a repossession.
A boat loan gives you the ability to finance the cost of a boat over several years instead of paying for it all at once. A secured boat loan may come with lower rates and longer repayment terms.
Like new cars, new boats lose value quickly, which makes used boats less attractive for lenders. It may be more difficult to finance an older boat, unless you choose an unsecured loan.
Boat loans can range from amounts as small as $1,000 and as large as $100,000. Like other types of loans, the amount you’re approved for will depend on your creditworthiness and the maximum loan ...
The revitalized Thompson Boat at St. Charles slowly rebuilt, but bankruptcy was declared in 1993. A new owner came in and got the firm going again. By about 1997 regular production ceased and all boat production stopped by 2000 or 2001. A liquidation auction in 2002 signaled the end of almost 100 years of boat building history. [6] [7]
Foreclosure filings including default notices, auction sale notices and bank repossessions can include multiple notices on the same property. [26] During 2008, this increased to 2.3 million properties, an 81% increase over 2007. [27] Between August 2007 and September 2008, an estimated 851,000 homes were repossessed by lenders from homeowners. [28]