Quote:
Originally Posted by melissar
We are still new to our search for the "perfect for us" boat. While we are drawn to many of the older (mid-70s to mid-80s) Grand Banks and other classic-style trawlers, I am concerned about the potential for resale. Someone mentioned to me today that we need to know what our exit strategy is, should we decide we want a different boat, have significant life changes, or just want to move on. These boats aren't financeable in most circumstances due to age, and yet some of them are still command a significant amount of money. Our pool of potential buyers would be limited, I would think, if banks won't lend on them. Thoughts?
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Your fears are irrational. Anything is finaceable. People buy and sell these boats on a daily basis. There's plenty of lenders who lend on boats of all ages.