Learn about the type of the damage before you buy a damaged boat
The damaged boats for sale in Egypt are found in two different categories. The first one is when the repair for the damage that took place on the boat exceeds the value of the boat or if the repair will not return the boat to the value it had before the damage. The second damage is when there is a constructive total loss declared for the boat. This is when the total value of the boat has more value than the cost of the repairs.
The damaged boats for sale in Egypt are sold As Is which means that there will be no warranties and you agree to buy the boat in its condition you will also be the one to pay for the storage and you can pick it from where it is. The boats are sold on the bid basis and they are normally stored where the bid is taking place.
Each of boat found in the damaged boats for sale, has its own situation and it is important if you understand the case of each boat before you bid on the boat. You need also to inspect the boat before you start to bid in order so that you can be aware of the cost of the damage. You have to keep in mind that you will be biding with the people who have enough experience with damaged boats for sale. Such people understand what they are looking for in the boat and they have enough expertise to repair the boats at low cost. They have also the resources to get people to buy the boats in Egypt.
Regardless if you are buying damaged boats or not, you need to get the boat title. You have also to ask your attorney to let you know your obligations and what may happen if you want to resell the boat in Egypt. You have also to be aware what sort of damage that took place on the boats for sale. For example if the boat sunk in the salt water, the electronics and the engines may need to be replaced or rebuilt. While dealing with boats for sale in Egypt, you have to know that you need to consider more than just the monetary value of the boat.