The biggest issue I think is that about 90% of the time used boats are listed incorrectly, and/or are in much worse shape than implied in the advertising. I bet you could find some really great deals if you were willing to spend some time in a place like the Rio, Panama
, or Colombia
, but it would be a real crap shoot. The other thing, IMHO, is that there are a significant number of boats in those areas that are somewhat iffy in terms of title, registration
, and ownership
. You have to be very careful to make sure all the paperwork is legit. It might not be outright fraud, but you might very well encounter a boat that is not easy to get titled and/or documented back home.