FAQ
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DOES BULLET MARINE OFFER FINANCING?
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Yes! We have partnered up with multiple lenders, We can connect you directly with our main point of contact, no long waiting for approval.
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WHAT IF THERE IS A LIEN ON MY BOAT?
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Before we purchase or broker a vessel, we confirm that there are no existing liens. If you are unable to pay off the remainder of the lien prior to selling the vessel to us, we will pay off the entire remainder of the loan assuming that value is less than or equal to our offering price. If the loan payoff is less than our offering price, we will fund the difference directly to your preferred account.
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HOW SOON WILL I RECEIVE PAYMENT?
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Once all required paperwork has been signed and notarized, we typically have payment funded to your account the same day.
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DOES BULLET MARINE OFFER SHIPPING?
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Yes, Bullet Marine has established countless reliable contacts for transport and we are happy to help with the shipping of any vessel. We will work with you to make the shipping process as easy as possible. We require the signing of a Boat Transport Agreement. Which simply states that shippers are sub-contractors and the company is not responsible for any incidents. This is in regards to timing, shipping, and/or damage arising from the shipping process. Your broker or closing specialist will email you the required documentation.
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HOW ARE WHOLESALE OFFERS DETERMINED?
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Our offers consider market value, true retail, repairs, shipping, and other expenses which arise during the resale process. Our wholesale offers typically fall below present market value. While there are many factors involved, we are quick to close and work to make the selling process as easy as possible. Visit our Sell Your Boat page to learn more and to submit your boat information.
Sell Your Boat
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SHOULD I BROKER OR WHOLESALE MY BOAT?
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If you are looking for top dollar, but a slightly longer process, our brokerage services would be your best option. If you are ready to sell quickly and want to cut all expenses associated with owning your vessel, wholesaling is best.
brokerage services
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HOW CAN I SAVE ON TAXES BY TRADING MY BOAT?
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In nearly every state you can save taxes by trading in your boat. Bullet Marine offers to help facilitate your transaction to show your boat as a trade-in, so you receive the tax benefits, at no additional charge. Example: If you found your next boat and the seller wants $100,000 for it, and we can offer you $50,000 for yours, Bullet Marine will buy the boat for $100,000, sell it to you for $100,000, and then take yours in on trade for $50,000. So you get taxed on $50,000 instead of the full $100,000! This saves thousands and makes wholesaling even more appealing under most circumstances.
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