I purchased 2 nice sailboats with owner financing
The first was 50% down from a very fine gentleman basically on a handshake, I made every payment on time as I deeply respected his trust in me, we became great friends.
The second was from someone that had to leave the area in a hurry, life changing circumstances, I got the boat for 10% of it's value and still had to finance some. The individual left town a few days later and I sent the balance soon after. I had no contract
, the boat was registered and titled in my name.
I don't piss around when someone has faith in me.
We are shopping
for a bluewater boat, the right person with the right boat will know immediately what I am about.