Anatomy of a boat purchase – Just another way to lose money

13-FOOT OUACHITA

I was driving through Fayetteville (12 miles away) several months ago and noticed a boat positioned near a fence as if it was for sale, sitting there with a flat tire and no sign. A few days later I returned armed with an address and stopped by the local propane delivery company and asked who lived at that address. Being small town friendly they gave it to me. I drove to the gate and posted a message (bad dogs near the house) inquiring about the boat and returned home. Several days later Butch called and said he wanted $250 (no title, of course) for the boat and trailer. I said OK and I would bring some tires and come get it, that being my third trip there. After getting it home I removed the mildew, replaced the transom. Next, new wheel bearings–one had to be cut off– so I had to remove the axle to do that. Also there was no front winch mount or winch so I supplied both and replaced the bunks. I spent a whole day driving around getting signatures to facilitate a title. You have to be a little creative to get that done (usually). So there I was in Columbus, plunked down $75 and finally acquired the coveted title. Later, and picture this: I am standing in front of the boat talking to a guy who is interested in buying it and tell him the price is $425…all ready to go.  He says, “That is a lot of money for that boat.”  I may just keep it for sentimental reasons. I am sure you guys can all relate. At almost 74 (next month) you think I would have learned by this stage.

John Slator