So I was told the Westerbeke on my boat is not rebuildable and to repower would require significant work (engine mounts, engine length difference, hoses, etc). I can admit that I am not Bob Vila and I leave repairs to the professionals. I am not made of money, but I can afford to have the work done. Yeah, I have to work a little overtime to do it, but it is reassuring to me to know that someone with more experience than me did the work. Especially on a river with a strong current like the Columbia. I should add that this obsolete engine is runing great at this time, however the thought of it crapping out is scary!
The wife and I plan to sail away after retirement (15 years). This is not the boat for us. It is not big enough. The only reason is that at 6'2", I can not sleep comfortably in the vbirth or anywhere for that matter. We are not that couple that thinks we need a 50' boat to sail the world.
I have heard a philsophy that suggests sell the boat and put the money I would spend on it for the next 15 years (slip fee, maintenance, etc) in a cruising fund. That is not an option as we want to sail the next fifteen years.
I paid 12K for the boat and owe about 7K. Dropped about 3500 in repairs last year and pay 170 mo. for slip. I am days away from bottom job and other repairs for about 4K.
My question is this! Fifteen years away from retirement, should I sell this boat and purchase the boat we will sail away on. I could start the refit to make it work for us, but I would have to pay more in slip fees for the larger boat and maintenance for the next fifteen years. I freak at the thought of the engine going out on my current boat and having to replace the motor just to be able to sell it. Or I could just keep sailing the boat I have and dump money into it and someone will get a great buy in fifteen years!
Any thoughts would be much appreciated! I am sure I have missed some incrediblly important details as always, but thanks in advance for any suggestions.
The wife and I plan to sail away after retirement (15 years). This is not the boat for us. It is not big enough. The only reason is that at 6'2", I can not sleep comfortably in the vbirth or anywhere for that matter. We are not that couple that thinks we need a 50' boat to sail the world.
I have heard a philsophy that suggests sell the boat and put the money I would spend on it for the next 15 years (slip fee, maintenance, etc) in a cruising fund. That is not an option as we want to sail the next fifteen years.
I paid 12K for the boat and owe about 7K. Dropped about 3500 in repairs last year and pay 170 mo. for slip. I am days away from bottom job and other repairs for about 4K.
My question is this! Fifteen years away from retirement, should I sell this boat and purchase the boat we will sail away on. I could start the refit to make it work for us, but I would have to pay more in slip fees for the larger boat and maintenance for the next fifteen years. I freak at the thought of the engine going out on my current boat and having to replace the motor just to be able to sell it. Or I could just keep sailing the boat I have and dump money into it and someone will get a great buy in fifteen years!
Any thoughts would be much appreciated! I am sure I have missed some incrediblly important details as always, but thanks in advance for any suggestions.