Monday, February 8, 2010

Yacht Salvage Takes the Good from the Bad

Before getting into yacht salvage let me ask you, What do you think of when you hear the word salvage? I think of the junk trucks that I used to see as a kid going around picking up old broken furniture, bikes, and cars. Yacht salvage is gathering parts of yachts from either damaged boats or inoperable yachts.

Yacht salvage value is what someone might pay for something that is otherwise useless but may have useful material, (i.e. working engine parts or unbroken furniture). Some people would rather use salvaged parts as they can be cheaper and they work almost as well as the original part its replacing.

The types of damage found in yacht salvage are from boats that have severe mechanical failures but the rest of the yacht is fine. Boats are known to run aground and get holes in the hull, broken rudders, or propellers. Damage from fire and weather disasters like the recent hurricanes.

You have acquired a boat through yacht salvage and now you must decide what you are going to do with it. You can both repair the boat and put her to sea again or you could choose to disassemble her and sell the parts for use in building or repairing other boats. You can do the repair work yourself and keep ownership of the boat or you can hire someone to help you with the work.

Buying a boat or boat parts from yacht salvage has its risks. It is almost always a �as is� sale. There is never a warranty which means it is gives you no recourse if something goes wrong. Financing can be next to impossible to get. If you are willing to take the risks go for it.

After reviewing the risks and the possible advantages of yacht salvage you need to know where to find it. You can look on the Internet, boating magazines, and you could try visiting marinas and talking to some of the boat captains. You might find them at auctions. You might have to do some looking before you come up with some thing so my advice to you is
�Don�t give up the ship.�

No comments:

Post a Comment