"sfcarioca" wrote in message
oups.com...
Hey all,

I am thinking of doing what everyone is warned not to do, buying a
yacht that needs a lot of work. To make it worse, I've never owned
anything bigger than an old ski boat and am totally ignorant when it
comes to yacht engines and otherwise. This one is a 1988 34' Bayliner
Avanti with 2 gas engines.

I am receiving an incredible price for it, half of the fair market
value on the hull survey. Here are the troubling parts of the surveys:

- Exhaust hoses burned and collapsed from lack of cooling water.

- Severe corrosion on engine oil cooler and leaking on both PORT and
STBD engines.

- PORT: Outboard manifold has been replaced with center rise unit. Not
plumbed correctly for proper water flow. Mounts for fuel filter
different and secured only by tie straps.

- STBD: Inboard manifold has been replaced with center rise unit and is
very rusty from water leaking from hose connection to riser. Not
plumbed correctly for proper water circulation.

- New alternator installed on engines have mismatched pulley-belt
combination and are slippling.

- Battery terminals unprotected by covers. Engine room has bad rust
and corrosion on motor mounts, brackets, clamps, and metal straps.
Carbs appear dirty and gummed up from lack of use and old gas.

My questions a

- I assume all of those items need to be fixed, what is the ballpark
cost of that?

- In general, how much would maintenance cost on such a boat per year
as more would break? I know it's impossible to know, but should I plan
on spending $1000 per yer? $2000 per year? $5000?

- How much should I plan on spending for insurance and registration per
year?

Thank you so much if you can provide useful information. Feel free to
try to talk me out of the purchase if you want :-)



Not trying to be funny, but I'd keep looking for another boat. I have this
feeling that the problems you've identified are but the tip of the iceberg.
This boat was not cared for or maintained.

Eisboch

"sfcarioca" wrote
I am thinking of doing what everyone is warned not to do, buying a
yacht that needs a lot of work.

Hmmm. Guess why everyone warns you away from it?

...To make it worse, I've never owned
anything bigger than an old ski boat and am totally ignorant when it
comes to yacht engines and otherwise. This one is a 1988 34' Bayliner
Avanti with 2 gas engines.

Yuck. First off, take the asking price, subtract the cost of installing
new diesels. Make this the TOP value of your offer for the boat.


I am receiving an incredible price for it, half of the fair market
value on the hull survey.

Hmmm. Guess why that is?

... Here are the troubling parts of the surveys:

- Exhaust hoses burned and collapsed from lack of cooling water.

Say no more.

Look! Up in the sky... it's a bird, it's a plane... it's
Super-Engine-Replacement-Man!!!!


My questions a

- I assume all of those items need to be fixed, what is the ballpark
cost of that?

Totally unable to even make a ballpark guess. If the marina the boat is
parked at won't give you a friendly estimate, then you need to take the
list to a place that will. Double the estimate. Then realize that after
all these things have been fixed, you'll have battery/charger/wiring
issues; not to mention the plumbing, not to mention a long list of
equipment to replace.


- In general, how much would maintenance cost on such a boat per year
as more would break? I know it's impossible to know, but should I plan
on spending $1000 per yer? $2000 per year? $5000?

Aprox 10% of the boat's value ....*not* it's knocked-down
corroded-and-decayed-from-lack-of-maintanance value... is what you
should spend per year, if you're handy with tools and can do most of it
yourself.


- How much should I plan on spending for insurance and registration per
year?

Varies highly from state to state. Don't forget that the insurance
company will not look kindly on a guy who has never owned a big boat and
a boat that has major "dings" on it's survey.


Eisboch wrote:
Not trying to be funny, but I'd keep looking for another boat.

So would I.... hey wait a minute, I already HAVE another boat

DSK

On Tue, 14 Dec 2004 18:18:09 -0500, DSK wrote:

Yuck. First off, take the asking price, subtract the cost of installing
new diesels. Make this the TOP value of your offer for the boat.

=========================

I'd bet a lunch or two that your formula yields a negative number.

... First off, take the asking price, subtract the cost of installing
new diesels. Make this the TOP value of your offer for the boat.


=========================
Wayne.B wrote:
I'd bet a lunch or two that your formula yields a negative number.


That was kinda my point

I bet you anything that the original poster (if it wasn't merely a
troll) is hell-bent to buy that boat no matter what kind of sense
anybody tries to talk into him.

DSK