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#1
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advice on purchase
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 :-) |
#2
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"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 |
#3
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"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 |
#4
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On 14 Dec 2004 14:43:33 -0800, "sfcarioca"
wrote: ~~ snippage ~~ Thank you so much if you can provide useful information. Feel free to try to talk me out of the purchase if you want :-) Unless you want to take several years at a cost of at least $20,000 doing it yourself, run, do not walk, away from this boat. There are plenty of other boats out there for probably the same money which will be much better candidates. Get thee hence to yachtworld.com, type in your parameters and see what appears. I think you will be pleasantly surprised. Later, Tom |
#5
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Assume that this is indicative of the type of shoddy maintenance it has had
for a while. The only way this is a bargain is if you're prepared and have the skills to do most of the labor yourself. If you're going to pay to have this thing fixed then it's going to end up costing you 4 times what you pay. "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 :-) |
#6
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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. |
#7
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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. |
#8
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... 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 |
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