Salvage 93 First 310

alexco38 · Nov 15, 2011

The rebuilt engine worth $8k. If you are handy, you can rebuilt anything so long as the structure is sound.

A guy in our club bought a Hunter 42 Passage missing the bow for $20k and found a bow in another yard. Joint the two parts together and get a whole boat.

tommays · Nov 15, 2011

Depending on how the insurance was done

Was the boat a total loss for example ?

You may not be able to insure it again

KD3PC · Nov 15, 2011

really depends on how long she was under, and how she was raised and drained. If done properly you have a decent chance at a great boat.

Done, not properly, you will be plagued for ever by mold, intermittents, stenches, and such.

Unless you can strip her back to the hull, grid, liner and coach house....you will never know which way she was raised..

You are looking at materials in the neighborhood of $12-15K to redo the electric, water lines, batteries, inverters, tankage and fat sewer lines. Another $12-15K in new AC/Heat pumps, fridge, water pumps, freezer and other appliances and pumps to support them. Another $6-10K in current electronics and their installation.

If you do all the labor, you may still be ahead, but if you have to put 50-100 hours of paid labor in to her...then you would be better off buying a boat already in great shape that you can insure and use now.

You need to haul her to see the bottom, unless you are a surveyor or experienced in what boat bottoms look like submerged. Cracks are really hard to see underwater, especially if some crud has since grown...hurricanes are really tough on bottoms and keels whether they sink or not.

Best of luck

sophias wanderings · Nov 15, 2011

If you and your friends are as handy as you say, it's a great deal. However, I'd spend a few extra bucks and get a surveyor to professionally check it out. $8000 + $8000 and time is a fantastic deal. Start adding another $8000 here and there for something a surveyor might spot and....

petersea · Nov 15, 2011

Buying a sunken boat is a very tuff project unless you are a very capable repair person. Electrical will be a nightmare unless totally replaced (every inch of wire and gauge and electric motor etc etc.) and hull condition is always questionable until proven otherwise. Not to be rude but if you need to ask if the bilge pump hose thru the hatch is a factory install your experience level and general boat knowledge is in question. (it is not a factory install). That is not a bad thing except as a beginner this is a big big project. You may want to look at it a an educational experience because I promise you, if you finish the job, correctly, you will be very experienced in the boats systems and repair or replacing them. At $40k to buy one that has not been sunk vs. $8k for one that has and still needs lots of work I question if this will be cost effective. Using kd3pc calulactions you will be overpriced from day one. Quite frankly your $8k repair budget estimate would seam low in my experience even if you do everything yourself. The rebuilt engine is a positive except I would want to see receipts/repair orders etc etc before acknowledged it was a rebuilt and not a face lift because it had sunk. I guess maybe my biggest question is why is this boat even available ?? If the insurance company totaled it out presumable the owner bought it back and maybe got discouraged or overwhelmed by the amount of work and money it needed to be usable again ??? So be very very sure of what you are buying and be very very sure of yourself and your commitment to repairing this and very very aware of cost involved. How much do you want to work on the boat vs, how much do you want to use the boat ? Sorry.............. my gut feeling says stay away !

shipwreck66 · Nov 15, 2011

Especially note the above mention about insurance. If this was already written off as a total loss by insurance co., it will probably need to be recertified even to be put in the water at a marina. Think paperwork.

Cayennita · Nov 17, 2011

The owner might have been discouraged because he might have been told that he can not get insurance. I helped an owner rebuild his 43 footer after having been holed and sunk during a hurricane. The boat was re-certified and is currently sailing around the world. He bought it back and rebuilt her. Everything was removed; electrical, mechanical, interior to include all liners. A basic bare hull. Lots of gear was repaired after fresh water dunking. Engine and transmission were saved. All new wiring, lights, electrical panel, upholstery, head liner, stove, a/c, etc. It was worth it because a new one was 350,000. This one came out to 210,000 total. A surveyor and an insurance agent were involved in the reconstruction and at the end they agreed that it was better than any used boat of the same manufacturer. It was a Slocum 43.

Steve Dion · Nov 17, 2011

I do not understand this recertification. Who certifies a boat? If it passes a survey the insurance companies normally insure a boat.

I have not seen any marina ask for a boats certification. If I move my boat the marina does not ask me if the boat is certified.

JohnS · Nov 17, 2011

Ask yourself: "Would I rather sail my boat, or would I rather work on a project?" It sounds like this boat would be good for the latter option. I'd keep looking for something a little more boat and a little less project.

I've got a fair amount of experience working on boats and still find most projects on my old boat tend to cost twice as much and take twice as long as anticipated.

AtlanticAl · Nov 21, 2011

I had a boat surveyed once. Cost me 600 dollars, best 600 i ever spent, he said, "dont touch it with a barge pole" i had looked at the boat, owner wanted 30k, it was a beneteau, i phoned him asked if he would consider 25, as i didnt have 30k, he said yes, i went to see the boat (he described as being in excellent condition) it was very poor, not one door on the boat would close, all the wood bellow, seemed to be warped, the bolts holding the keel on were rusted away, the mast step was coroded. I got a surveyor, who did a long examination of the boat. He told me after his survey, the boat had a questionable begining, he had found out, it was a charter boat, bought on a deal by the current owner, he paid half the price of the boat,the charter company paid half, after three years with the charter company he got the boat, but, after three years of charter, the boat is pretty much worn out. He was also able to tell me, that the boat had been sunk at one time, probably at its moorings, because the water had only reached up to deck level. He was also able to tell me, it had been underwater for quite a long time, the engine had been full of salt water, and it had not been taken apart, and rebuilt, he said probably all that was done, was an oil change. He said first class one, was worth about 35k, this one, he wouldnt even value, he said, with a boat that has been sunk, you cant presume that everything that is needed to be done, has been done, you have to presume it hasnt.

Weird thing was, the owner welcomed the survey, and the evening before the survey, i phoned him up, and told him, if he wanted to forgo the survey, i would give him 20k for the boat, he said "i wanted 30, its worth 30, but i said you could have it for 25, now you want it for 20, lets just see what the surveyor says" i had to tell the owner after the survey, that i wasnt even interested at 20.