Buy or not?

11 footer

Lieutenant
Joined
Nov 16, 2002
Messages
1,408
I was at my uncles place of work, I was walking around the yard where he keeps his trucks looking at some of the crap that was parded all over the place, I found a boat for sale.<br /><br />The boat is about 17 or 18 feet long. I can't remember the make of it, but it was a brand that I've never heard of, pretty much a no name boat. It was powered by a 135hp Chryser, the motor looked to be from the 1970's, but who knows. It was an open bow with a walkthrew windsheald, it had green indoor/outdoor rug on the floor. For seats it has cracked fadded seating up in the bow and two back to back seats behind the windsheald. It had no seats in the transom, but I think it did at one time.<br /><br />The trailer was a POS painted steel one, but it was not rusted like most are, I suspect I could keep it on the road buy careing for it, It fits the boat niceley. I was told that the motor ran last time it was in the water. He had a 2002 sticker on the boat, so its been out of use for a year. I could have started messing with it to see what kind of shape it was in, but it dident really want to get into it, it was REAL cold out today.<br /><br />This is not the type of boat I want to get into, if I boated on a lake it would be okay, but being I like to boat in the ocean I like to have a motor behind me that I trust. That being said, I'm really thinking of buying this boat and makeing a winter project out of it. We have a a extra bay at the house that I could keep it in while I work on it. I would try to sell it in the spring for more then I have into it.<br /><br />Do you think this is a good idea? What should I look for before buying the boat?
 

roscoe

Supreme Mariner
Joined
Oct 30, 2002
Messages
21,759
Re: Buy or not?

Or spend that time working a few extra hours a week after school, and you'd probably have more cash in spring to buy your 17' Whaler.<br /><br />And your cash will be in your pocket, not in the project, so when the right Whaler comes along, you can move on it.
 

JB

Honorary Moderator Emeritus
Joined
Mar 25, 2001
Messages
45,907
Re: Buy or not?

Forget that P.O.J., Ryan. $500 would be about $800 too much.
 

tylerin

Commander
Joined
Jul 25, 2003
Messages
2,368
Re: Buy or not?

Ryan I think you should take a "good" look at the task at hand. My feelings are if its not gonna cost you alot of dough for parts and you just have to put some elbow grease into her, go for it.
 

Bondo

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Apr 17, 2002
Messages
71,130
Re: Buy or not?

I'm with JB + roscoe,<br /><br />Even After your Done, You've Still got a $500. boat......<br />And, a 135hp Chryser is Two Strikes Already....
 

Old Jarhead

Petty Officer 2nd Class
Joined
Sep 26, 2003
Messages
190
Re: Buy or not?

Ryan;<br /><br />If you don't feel confident changing the impeller on a small outboard I'd have to suggest you pass on something of this magnitude.<br /><br />Maybe start with something needing less work-money and build your knowledge and confidence.<br /><br />Just my .02
 

tylerin

Commander
Joined
Jul 25, 2003
Messages
2,368
Re: Buy or not?

Ryant, you're not even 16 yet do it for the experience. If you plan on boating the rest of you're life ( and I think you do)and if its fun for you, and not a chore, why not, You don't have to make anything off it to make it a worthwhile project.
 

cobra 3.0

Lieutenant Commander
Joined
Jul 31, 2003
Messages
1,797
Re: Buy or not?

It sounds like a piece of junk that was always junk even when it was new! Putting money and effort into a piece of junk equates to lost time and money. If somebody gave it to you and you just want to use it as is, that's a whole different issue. <br /><br />Invest in things that have value for you and also for others. This way you can always sell it one day to upgrade to something even better.
 

11 footer

Lieutenant
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Nov 16, 2002
Messages
1,408
Re: Buy or not?

I just passed it up.<br /><br />It really was a peace a junk, I was dreaming for thinking I may be able to make money off it.<br /><br />As my dad explaned it to me, its a POS now and after you work on it its just going to be a POS that alittle prettyer. :D <br /><br />As of right now I own two boats, a 11foot boston whaler thats always water ready and a 1940's wooden runnaboat that I got for free and have been working on. The woody is water ready now, next thing I'd like to do to it is change it from tiller steering to remote steering.
 

JasonJ

Rear Admiral
Joined
Aug 20, 2001
Messages
4,163
Re: Buy or not?

I have to disagree on the statements about a boats worth. While it is true that a $500 boat pretty much is a $500 boat whether you put money in it ir not, it is also dillusional to think you can ever make any money on any boat. Anyone who goes into boating to make money has either been poorly informed or is just living in a fantasy land. In an optimal situation, you might break even, but that is an exception and not a rule. When you decide to get into boating, you are deciding that you will lose massive amounts of the two most precious commodities you have: Time and Money. Your time has value, so the more time you put into a project, then less return you will ever see. Combine that with the continuous outpouring of cash, you quickly find out that you almost always lose. You have to get into boating for the pleasure of boating and the understanding that you pay for that pleasure with countless hours and countless dollars. If you enjoy rebuilding something like a boat or a car or whatever, then your personal reward outweighs the loss of time and money. If you just want to drive around a lake with minimal effort, then you have to spend a lot of money up front for something that depreciates dramatically. <br /><br />My opinion: If you don't have the heart to fix up a boat, then save up for a boat in better condition, but never factor resale or future profit into the equation, you will be sorely dissapointed. Good luck....
 

11 footer

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Nov 16, 2002
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1,408
Re: Buy or not?

I have no prolbem with fixing up boats, I did a fair amount of work on my Whaler and when I got my woody as a project, but as it turns out she dident need as much as I first thought, all she needs now is to be used.<br /><br />The main reason I passed this one up was because I dident like the boat. In fact, I hated it. I would never want it was "my boat" its just not my kind of boat. I like my little whaler much better. I think it would be hard for me to get into a porject that I dident really like, I would not be the same as working on my whaler or woody, where I liked the boat.<br /><br />I was thinking I could do some work on the hull,seats and floor and make it better looking. Then sell it for more then I payed for it. But I think the motor would cost me money along the way to keep the thing running, and I have in intentions of dumping money into a Chrisler.<br /><br />Its done, time to move on.
 

JasonJ

Rear Admiral
Joined
Aug 20, 2001
Messages
4,163
Re: Buy or not?

Yeah, its not good when you feel physically ill when you look at a boat. Your decision was wise, there are plenty of boats out there...
 
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