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  1. #1
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    Buying a new Cat

    Im in the process of buying a 2006 31 American Offshore.
    Since i got scammed of 16,000 on my last purchase im a little sceptical of everything.
    I just got financing approval thru "Essex Credit"
    A subsiderary of "Bank of the West"
    Has anyone done business with either of these companys ?
    Thank you...any input would be appreciated.

  2. #2
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    How’d you get screwed

  3. #3
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    Purchased a 26 Eliminator ......well i thought i purchased it till it didnt show show up.
    "Ark Auto Consignors" its 6 people scam strong and in the hands of local law enforcement and FBI.

  4. #4
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    I used Bank of the West in 2005 when I bought a new 23 Baja Outlaw. Good experience until the economy schit the bed and it was reposed in 2009 My business was pretty much cut in half at that time. Was a bummer but whatever...I would use them again if they would put me in another new boat .

    I wouldn't buy a boat sight unseen. For a boat of that caliber I would fly to wherever it is and meet the owner and look at the boat etc before and type of transfer. Its worth the plane ticket and over night in a motel if you ask me.
    Rob Lankford

    1988 20' Action Marine 2.4 200

    Previous owned boats worth mentioning

    1976 17' Action Marine 2.4 200
    1984 20' Action Marine 2.5 200
    1983 17' Hydrostream V-King 2.4 Bridgeport
    2003 LPB STV RR COPY 2.5 280 /300 Drag
    2005 LPB STV RR COPY 2.5 280
    2005 Baja 23 Outlaw 6.2 Mercruiser
    2006 FTP Quarter Shot T3 Race 2.5 200 CARB/2.5 225 PROMAX
    2009 FTP Quarter Shot T3 Race 2.5 280




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  6. #5
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    Quote Originally Posted by Hot Shot Merc View Post
    I used Bank of the West in 2005 when I bought a new 23 Baja Outlaw. Good experience until the economy schit the bed and it was reposed in 2009 My business was pretty much cut in half at that time. Was a bummer but whatever...I would use them again if they would put me in another new boat .

    I wouldn't buy a boat sight unseen. For a boat of that caliber I would fly to wherever it is and meet the owner and look at the boat etc before and type of transfer. Its worth the plane ticket and over night in a motel if you ask me.
    Yes... thank you so much for that info, makes me feel much better who im dealing with.
    This time i plan on getting all the info requested to the bank (marine survey, purchase agreement, title copies, etc) then drive to view the boat....8 hr away.
    If i approve the close the loan at an actual Bank of the West branch.
    Still sceptical of wiring the $15,000 down payment.
    B

  7. #6
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    When you bought your Baja did you go through Essex credit which is a subsidiary of Bank of the West

  8. #7
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    Quote Originally Posted by Tightrig 12 View Post
    Yes... thank you so much for that info, makes me feel much better who im dealing with.
    This time i plan on getting all the info requested to the bank (marine survey, purchase agreement, title copies, etc) then drive to view the boat....8 hr away.
    If i approve the close the loan at an actual Bank of the West branch.
    Still sceptical of wiring the $15,000 down payment.
    B
    Why would you wire a downpayment?

    So much of this thread and your previous thread about being ripped off make me question your decision making process and if you have money to burn!

    Lessons i've recently learned. Go see the boat. Do not buy a boat sight unseen, you WILL end up disappointed. All boats look great in pictures. If they don't then they are REALLY rough.

    I drove to florida to look at a boat, the boat wasn't as clean as I expected, I drove home.

    I purchased a different boat out of state last year, borrowed the additional money I needed as a personal loan, from my CU, then inspected boat, paid for it, then refinanced the personal loan portion into a boat loan when I got back. Worked out great.

    I sold that boat, buyer drove up from Louisiana, looked at the boat, then wired money to my CU while we both waited together in the lobby.

    I'm halfway through a boat purchase now, I've looked at it in person twice (Grand Rapids area), sea trial is scheduled, I'll be bringing my cash and a check from my CU, it's through a broker instead of private sale, so no need for the personal loan and then the conversion, just simply having them cut a check for the balance I've decided to borrow i'll take right to the broker. If it goes well I'll tow it home, if it doesn't I'll take the check back and pay off any interest it cost me.

    At the end of the day, if you're going to go spend 20, 30, 40, 50k on a boat, spend the time and the money to go make the deal happen in person, even if it means two trips to go and wrap everything up. Otherwise, you're just asking to get screwed again, whether it's a bad deal, or a boat that's not in the shape you expect.

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  10. #8
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    Quote Originally Posted by moatorbotin View Post
    Why would you wire a downpayment?

    So much of this thread and your previous thread about being ripped off make me question your decision making process and if you have money to burn!

    Lessons i've recently learned. Go see the boat. Do not buy a boat sight unseen, you WILL end up disappointed. All boats look great in pictures. If they don't then they are REALLY rough.

    I drove to florida to look at a boat, the boat wasn't as clean as I expected, I drove home.

    I purchased a different boat out of state last year, borrowed the additional money I needed as a personal loan, from my CU, then inspected boat, paid for it, then refinanced the personal loan portion into a boat loan when I got back. Worked out great.

    I sold that boat, buyer drove up from Louisiana, looked at the boat, then wired money to my CU while we both waited together in the lobby.

    I'm halfway through a boat purchase now, I've looked at it in person twice (Grand Rapids area), sea trial is scheduled, I'll be bringing my cash and a check from my CU, it's through a broker instead of private sale, so no need for the personal loan and then the conversion, just simply having them cut a check for the balance I've decided to borrow i'll take right to the broker. If it goes well I'll tow it home, if it doesn't I'll take the check back and pay off any interest it cost me.

    At the end of the day, if you're going to go spend 20, 30, 40, 50k on a boat, spend the time and the money to go make the deal happen in person, even if it means two trips to go and wrap everything up. Otherwise, you're just asking to get screwed again, whether it's a bad deal, or a boat that's not in the shape you expect.
    So you recently learned this good for you..
    So your point here is to kick a guy when he's down?
    Or were you offering advice for the next time...hope its that..
    Lesson learned the hard way there are ****ed up greedy dishonest people in this world just sucks people didn't step up first to say something...he posted/asked about it before then when he got screwed people stepped up saying they got scammed
    Allot if people got screwed by these scammers.
    LETS GO BRANDON.... LETS GO BRANDON

    Sometimes I talk to myself...then we both just laugh and laugh

    '84 Checkmate Convincor

  11. #9
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    Thats why i said earlier that im driving to see the boat and then driving another 3 hrs to an actual Bank of the West branch to close the loan.
    Plus i already have a survey on the boat in progress...ordered by the lender.
    My origional question was has anyone done business with the 2 banks i mentioned.... Just wanted some feedback. and to answer your question...yes, ive learned my lesson but that doesnt mean i have to give up.
    Money to burn... not really.
    The money is gone and im moving on !
    B

  12. #10
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    My friend owns 31 awesome cat with outboards,does your have outboard on inboard?Pictures

  13. #11
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    Quote Originally Posted by blowitup View Post
    My friend owns 31 awesome cat with outboards,does your have outboard on inboard?Pictures
    Tein Merc 496 HO's

  14. #12
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    Quote Originally Posted by mrichartz View Post
    So you recently learned this good for you..
    So your point here is to kick a guy when he's down?
    Or were you offering advice for the next time...hope its that..
    Lesson learned the hard way there are ****ed up greedy dishonest people in this world just sucks people didn't step up first to say something...he posted/asked about it before then when he got screwed people stepped up saying they got scammed
    Allot if people got screwed by these scammers.
    i was in NO way kicking a guy while he was down, glad you saw it that way though.

    simply offering some run down on borrowing from a bank to make his purchase and the processes I used. Was trying to help him do the deal in person without being screwed again.
    Last edited by moatorbotin; 03-22-2019 at 11:52 AM.

  15. #13
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    Quote Originally Posted by Tightrig 12 View Post
    Thats why i said earlier that im driving to see the boat and then driving another 3 hrs to an actual Bank of the West branch to close the loan.
    Plus i already have a survey on the boat in progress...ordered by the lender.
    My origional question was has anyone done business with the 2 banks i mentioned.... Just wanted some feedback. and to answer your question...yes, ive learned my lesson but that doesnt mean i have to give up.
    Money to burn... not really.
    The money is gone and im moving on !
    B
    FYI, there’s an awesome cat for sale in ludington.

  16. #14
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    Quote Originally Posted by Tightrig 12 View Post
    When you bought your Baja did you go through Essex credit which is a subsidiary of Bank of the West
    Never heard of them and as far as I know they weren't together at that time however they could have been??? My payments were always written to Bank of the West.
    Rob Lankford

    1988 20' Action Marine 2.4 200

    Previous owned boats worth mentioning

    1976 17' Action Marine 2.4 200
    1984 20' Action Marine 2.5 200
    1983 17' Hydrostream V-King 2.4 Bridgeport
    2003 LPB STV RR COPY 2.5 280 /300 Drag
    2005 LPB STV RR COPY 2.5 280
    2005 Baja 23 Outlaw 6.2 Mercruiser
    2006 FTP Quarter Shot T3 Race 2.5 200 CARB/2.5 225 PROMAX
    2009 FTP Quarter Shot T3 Race 2.5 280




  17. #15
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    Thanks Rob

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