The American Repossessor

Skipper Bud’s marina in Oshkosh is getting another 300 repossessed boats from seven dealerships.

Valued at more than $10 million, the additional inventory will begin arriving Thursday, Skipper Bud’s said in a statement.

The boats are coming from seven dealerships in the Midwest and on the East and West coasts. The models include competition ski boats, pontoons, deck boats, fishing boats and motor yachts.

Skipper Bud’s Midwest Marine Repo Center, on the south shore of Lake Butte des Morts, sold more than 350 repossessed boats in 2009.

Boats from across the nation, some costing more than $100,000, have been sent there for liquidation at discount prices.

Some were repossessed by banks and other lenders. Others are new boats from dealerships that have fallen on hard times. Some are from outdoor enthusiasts, stuck with a hobby they couldn’t afford, now selling their boats on consignment.