Inherited boat, how bad is this?

[matt167]

It looks like the interior is pretty good so it will go back together once you fix it…. Consider this. Replacing it with new is going to cost $60k. You inherited it so whatever you put in it is all you have in it. You need to spend $10k to get something you know you can trust so anything below that realistically isn’t a bad deal as long as you don’t mind the work.

 

[ratdude747]

It looks like the interior is pretty good so it will go back together once you fix it…. Consider this. Replacing it with new is going to cost $60k. You inherited it so whatever you put in it is all you have in it. You need to spend $10k to get something you know you can trust so anything below that realistically isn’t a bad deal as long as you don’t mind the work.

On the flip side, is it worth $60k used after repairs? Probably not. The judgement point should be what a used "working in good condition" used one goes for. What that value is, I couldn't say and will leave to those who have a lot more knowledge.

Also, if one doesn't have $10k to spend/hock, then it's a moot question unless one can store and preserve it for a future situation where they could afford such (and even then, the future situation rarely ever comes, this is where abandoned projects come from).

 

[goldylocks333]

I've been reading these posts and watching some videos and it seems like something I "COULD" do and would be capable of, as I do have a lot of the tools already from autobody and mechanical work. But I don't think that answers a GOOD question.

I think I would like a boat, but probably not this boat. I was invested in keeping Grandpa's dream alive... But not at the expense of a total overhaul. I guess a good question would be if I had $3000 and two months of time in front of me, and I didn't have this boat, would I go buy this boat to put the money and time into? I think the answer is no. I think this gives me my answer.

The saddest part of all of that is that I don't think Grandpa realized how bad of shape the stringers were in. He talked about that boat like it would be ready to go on the water tomorrow!

 

[83bluefin]

You have up to this point what I assume is $0 purchase price. And you know the history of the boat. So you invest $3-5k into it and you know it’s solid and has family ties.

Now, let’s say you pass this boat on and instead invest that $3-5k into a used boat. After first launch you find out the seller did a deckover, the stringers are mulch, and the block has a hole that’s somewhat held together with JB Weld.

You’re actually worse off than taking on the family project.

Just sayin that you may want to re-weigh your options. I’m not sure where the estimate of $60k came in. Prices have skyrocketed on new. I can’t replace my main boat for under $80k and it’s just a 19’ Fish & Ski.