Bass Cat loan value

This topic has 9 replies, 5 voices, and was last updated 16 years, 2 months ago by mmc2409.

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April 9, 2010 at 10:26 pm #343425

mmc2409
Participant

My bank wants a marine survey form filled out before they will finalize boat deal on 04 Sabre. I got Brech Marine in Selma, AL to fax them an ABOS value for boat on there company letterhead but that isnt sufficient. Is there some sort of official form they can fill out and fax to them.

April 10, 2010 at 4:22 am #343443

Tx76
Participant

Tell your bank its not a Hatteras! It sounds like they want an actual marine surveyor to go through your boat. Ive never heard of that for a small boat(any bass boat would be considered small). Im sure someone will correct me if Im wrong but this is usually required for a vessel that carries a note the size of a mortgage. Ill ask a friend of mine tomorrow for some professional imput. Good luck.

April 10, 2010 at 11:09 am #343461

Mr Lott
Participant

This isnt unusual. Especially for banks that dont do many boat loans. What they are probably needing is a USED BOAT BOOK OUT SHEET. You can do this yourself by going to NADA.com. Find your boat add everything to it , then it will give you a value. For a Bass Cat , you will have to value boat , trailer then engine seperate.Once you get these just print it out.This is what most banks will want. You might even get them to do it for you while your there with them.Good Luck

April 10, 2010 at 1:31 pm #343487

Bass Cat Boats
Keymaster

Thanks my bank said they havent done many boat loans since being bought out by RBC. Ill give the NADA print out a try.

April 10, 2010 at 1:32 pm #343505

Bass Cat Boats
Keymaster

Be sure you use the accessory page, the engine page, the trailer page and the boat sheet for the tabulation of value.

April 10, 2010 at 11:39 pm #343522

Boatseller
Participant

Email me the info on your boat along with your fax number and I will be glad to fax back to you the info to send to your bank. If they are not familiar with boat loans, there is several things that can be missed.Godspeed, Mark [email protected]

April 11, 2010 at 1:48 am #343542

mmc2409
Participant

Thanks Mark Ill get on it tonight. If possible could you email it to me then just print it off.

April 11, 2010 at 1:59 am #343564

mmc2409
Participant

Mark just sent info to you via email.

April 11, 2010 at 2:30 am #343578

Tx76
Participant

Hope the loan goes well and you get your boat. Good luck!

April 12, 2010 at 12:56 am #343596

mmc2409
Participant

Really appreciate the help on getting me into the BassCat family. Fingers crossed on my end.
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