The deal may seem straightforward on its face, but underlying problems may not show cosmetically. It is best to do your homework first, sometimes even before the first dollar is put down on deposit. A wreck and repair history can often be discovered through research and diligence before the vessel is even physically inspected or surveyed. It is better to know what you're dealing with up front, then to have an unpleasant surprise crop up later.

Click to read a worst-case scenario of a wrecked boat, cleaned up cosmetically but with underlying problems