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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 :-) I have to agree with the other posters in response to this one- I'd walk away. I own a 19' Bayliner (1985 model 1950 cuddy), and though I got my money's worth as far as a weekender family lake boat for tubing, I've had more than my share of problems. The reason: it's a Bayliner. They're cheaply made, and your repair bills will certainly be higher than with most better-built boats. My boat has been very well cared for, by the way, and it sounds like the one you looked at has not been properly maintained, which could translate into many more headaches than average. I love our boat because it was dirt cheap, and at my price point ($3500) it was a real steal, even with the repairs. Even if I double my purchase cost by putting $3500 more into it over the next few summers (about $600-800 this summer, no engine work-yet), I've still had several summers of fun for a decent price. At your price point ($20k), if you double your costs by putting $20k into it, you've got $40k and many man-hours into a boat that, at the end of the day, is still a Bayliner, and will never have the resale value of a better-built boat. |
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