M_Boats: Buying a new boat

Hi Kyle: In 1996 I contracted to purchase a new Montgomery 15 to be built by a Chuck McCoy. It was represented in the Montgomery Newsletter that Mr. McCoy had just purchased the rights to sell Montgomerys from Jerry Montgomery. Mr. McCoy required a $ 2,000.00 up front security deposit and a very substantial 2nd payment once the boat was built, prior to delivery. I was put through eight months of misrepresentations and promises. It turned out that Mr. McCoy picked up the M15 molds from Jerry Montgomery after he collected my second payment. I'm still waiting for delivery. Buyer beware!! A new sailboat is an emotional decision. You be careful before you part with your money. Rich Cottrell