[Rhodes22-list] financing for Rhodes 22

[Bill Effros]

Marc,

I'll try again.

Don't make the mistake of calling it a "used" boat, or getting into that 
cycle from which there is no escape.

Instead, call it a "refurbished" boat, purchased new from the 
manufacturer with an original "New Boat" warranty.  The factory should 
also start calling them "New Refurbished" boats, rather than "Recycled" 
or "Used".

Stan is completely rebuilding these boats.  They are not available from 
anyone else.  They have a price structure, which Stan maintains.  They 
are worth what Stan charges for them.  They can be resold for more than 
boats that have not been refurbished.

If no one on the list can come up with a lender who understands this, we 
should create one.  This is not hard to do.  The boat is excellent 
collateral for a loan.  There are lenders who would be glad to lend 
money based on its value.  If no one knows who these lenders are, we 
should find one willing to lend anywhere in the country based on Stan's 
certification.

Bill Effros

Peter Thorn wrote:
> Marc,
>
> You might try explaining to your lender that it's similar to the difference
> between a newly renovated house and a merely used house.
>
> They often use BUC values for boat appraisals and I don't know if BUC is
> familiar with Stans' recycling process and/or  his sales data.
> http://www.bucvalu.com/index.cfm
>
> Good luck!
>
> PT
>
> ----- Original Message ----- 
> From: "Marc Batson" <mrbatson at stjames.edu>
> To: <rhodes22-list at rhodes22.org>
> Sent: Friday, January 05, 2007 9:06 AM
> Subject: [Rhodes22-list] financing for Rhodes 22
>
>
>   
>> My wife and I just placed a deposit on a 1993 Rhodes 22.  It will be a
>> "recycled" boat, and we had a great time meeting Stan and touring his
>> facility.  Stan suggested that I post a message to see if anyone in the
>> Maryland, Virginia, North Carolina region has had luck explaining to a
>> lending company the nature of "recycled" as opposed to "used" in their
>> consideration of a boat loan.
>>
>>
>>
>> Marc
>>
>> __________________________________________________
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>>     
>
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>
>