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thinking of buying a yacht
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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1984 wasn't a good year for Bayliners. Not TERRIBLE, but not good.
You will find some poor plywood in the construction. You can expect floor trouble, and the supports. Then there's the transom and pieces in the engine area, and the deck. All is suspect at this age. Add to that two engines (rebuilt chevy with marinizing are pretty cheap), some wiring, plumbing (plastic pipes). 20 year old GAS tanks. . . You're taking on a lot. Jim sfcarioca wrote: 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 :-) |
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