Reggie Smithers wrote:


Chuck,
I have to disagree with you, it does make complete economic sense, as
long as you plan on keeping the boat and do not plan on selling the boat
and realizing an increase in your sales price. The cost of the work you
are doing on your "old" boat, probably is less than the depreciation you
would take in the first year of a new boat.

And, she is like a member of the family, you can just "put her down"
because she is old.

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That was sort of our rationale for taking the plunge on the total
facelift. While there are a couple of things we would change about the
boat if we could- I haven't seen a brand new boat that didn't have....
a couple of things we would change if we could. When I compare the hole
in the wallet for this project vs. the price of a new or near new 36-40
foot tug or trawler...(and that's after finding one that somebody
didn't stick a lot of excess HP into).... there's enough left over to
buy something that will actually appreciate and/or spin off some cash.

She goes into the yard this weekend. I'll have to spruce up a bit
myself, so I won't look like I must be the hired deckhand, or maybe
stole the boat, when we get her back. :-)