My wife and I flew to Pensacola to see a 2000 Catalina 380. When we arrived the broker told me she had sunk at the slip because of a loose thru hull fitting so they had pulled her and put her on the hard. The blue awlgrip looks pretty good and she has a few dents in the toe rail and a bent bow pulpit. Her batteries were awash when we saw her. Should we buy it at the $119K price she's still listed at? What do you think? Should we buy it?
Should we buy it?
- Thread starter Gene Kinney
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Gene...
...not without a survey done by a surveyer not at all affiliated with the broker! When things, (Especially motors and all wiring connections) get wet in salt water, for only a minute, and come back up...it aint' good. If you are feeling pressured to buy this by the broker...RUN LIKE HELL! If you have boat buying fever and think this is "THE BOAT!"...RUN LIKE HELL! Others here will post concering the value, however in my opinion...without a survey...you will get hosed. Come to think of it...for a boat that size, you would want a survey anyway. Curious, at what point were you told the boat had sunk at the slip? And why were you not told that from the beggining? All I have to go on is what you say Gene...the broker is already sounding less than honest! BOTTOM LINE HERE GENE...Get a survey if you are serious about this boat! Jack
...not without a survey done by a surveyer not at all affiliated with the broker! When things, (Especially motors and all wiring connections) get wet in salt water, for only a minute, and come back up...it aint' good. If you are feeling pressured to buy this by the broker...RUN LIKE HELL! If you have boat buying fever and think this is "THE BOAT!"...RUN LIKE HELL! Others here will post concering the value, however in my opinion...without a survey...you will get hosed. Come to think of it...for a boat that size, you would want a survey anyway. Curious, at what point were you told the boat had sunk at the slip? And why were you not told that from the beggining? All I have to go on is what you say Gene...the broker is already sounding less than honest! BOTTOM LINE HERE GENE...Get a survey if you are serious about this boat! Jack
Oh Man !!!
Mr. Kinney, Oh man, not at that price ! With the introduction to salt water, you can expect a ton of problems. If you continue your interest in this boat, get a marine survey done right away so you have an idea of what you're buying and what will need fixing or replaced. But geez, $119 K ? Wow..... Wishing you Smooth Sailing on Warm Breezes!!! Bob Burns=Rascal
Mr. Kinney, Oh man, not at that price ! With the introduction to salt water, you can expect a ton of problems. If you continue your interest in this boat, get a marine survey done right away so you have an idea of what you're buying and what will need fixing or replaced. But geez, $119 K ? Wow..... Wishing you Smooth Sailing on Warm Breezes!!! Bob Burns=Rascal
Serious?
DON'T get a survey. Don't negotiate and most important, don't deal with this broker again. No survey can definitively determine aLL the potential problems a sinking can create. No amount of money is worth gambling on the smell which will eventually occur from residual salt water trapped in inaccessible places. No broker would ever buy it under these circumstances for himself but it obviously willing to let you do so.
DON'T get a survey. Don't negotiate and most important, don't deal with this broker again. No survey can definitively determine aLL the potential problems a sinking can create. No amount of money is worth gambling on the smell which will eventually occur from residual salt water trapped in inaccessible places. No broker would ever buy it under these circumstances for himself but it obviously willing to let you do so.
Bad Deal
It does not sound like a good deal at all a sunk boat at that price. All that salt water and damage. I would not buy a sunk boat unless it was real cheap and knowing it would be nothing but problems and who knows what. Run from that boat and look for anther boat,at that price you should be able to find another one. Look on this forum for sale for some catalina and why not hunters,also yacht world Nick
It does not sound like a good deal at all a sunk boat at that price. All that salt water and damage. I would not buy a sunk boat unless it was real cheap and knowing it would be nothing but problems and who knows what. Run from that boat and look for anther boat,at that price you should be able to find another one. Look on this forum for sale for some catalina and why not hunters,also yacht world Nick
insurance claim
Sinking is usually grounds for a complete write off by the owner's insurance co. At that time, the boat would be either scrapped (if there is no value in the parts) or sold by auction. If an insurance co. is not involved (for whatever reason) the boat is worth closer to 1/4 of what is was going for. I'd offer $20,000 (assuming that a new motor will go for $7-8k,new wiring $3-5k, new batts, new interior molding, new cushions, new electronics, cleaning,etc.) see what he says then. Otherwise, go find another boat.
Sinking is usually grounds for a complete write off by the owner's insurance co. At that time, the boat would be either scrapped (if there is no value in the parts) or sold by auction. If an insurance co. is not involved (for whatever reason) the boat is worth closer to 1/4 of what is was going for. I'd offer $20,000 (assuming that a new motor will go for $7-8k,new wiring $3-5k, new batts, new interior molding, new cushions, new electronics, cleaning,etc.) see what he says then. Otherwise, go find another boat.
you can't be serious
a friend of mine bought a pretty new Sabreline power boat that had been sunk at the slip. they normally list for about 300k, but he got it for 80k. I advised against it, but what are you gonna do...? You're buying someone else's problems. move on.
a friend of mine bought a pretty new Sabreline power boat that had been sunk at the slip. they normally list for about 300k, but he got it for 80k. I advised against it, but what are you gonna do...? You're buying someone else's problems. move on.
Every boat has its price
Gene - See how motivated they are about selling it. I agree with the group here - you are going to find numerous things wrong with this boat in the years to come. Wiring, upholstery, electronics, instruments, motors (water and macerator), batteries, engine, generator - all of it will need to be replaced...not to mention the shape of the sails and rigging. That said - go in very low if you feel you could get your money back and then some. Probably not worth a penny of $20k. Simply make a complete list of everything that could be damaged and deduct the replacement value from what he is asking. I would not buy this boat if you are planning on having a yard do all the work - it needs to be a DIY job so asses how handy you are and available time...
Gene - See how motivated they are about selling it. I agree with the group here - you are going to find numerous things wrong with this boat in the years to come. Wiring, upholstery, electronics, instruments, motors (water and macerator), batteries, engine, generator - all of it will need to be replaced...not to mention the shape of the sails and rigging. That said - go in very low if you feel you could get your money back and then some. Probably not worth a penny of $20k. Simply make a complete list of everything that could be damaged and deduct the replacement value from what he is asking. I would not buy this boat if you are planning on having a yard do all the work - it needs to be a DIY job so asses how handy you are and available time...
I've had it....
...with used boat salesmen. I looked at the Ft Pierce 380 a couple months ago. My broker called that broker and asked specific questions about the condition of the boat. He was told it was nice, clean and ready to go. I flew down from Detroit (luckily I fly for free since I'm in the business). The boat was trash. Every hatch and portlight was badly crazed. Salty film everywhere below. Wood beat up. Bilges filthy. TONS of rust on exterior stainless. Bimini/dogder/sailcover canvas was little more than rags. Couldn't open most of the floorboards because the flip-up pulls were broken, corroded or caked with salt residue. etc. etc. etc. Apparently "clean and ready to go" meant that the owners had removed all their personal gear from the boat. I walked away and was p-o'd at the day I wasted and the $80 in car rental/gas. Fast fwd to a week or so ago.. I'm in South FL anyway, so I make an appt to see the 380 in Ft Lauderdale for $109.5k. Asked SPECIFIC questions about the condition of the boat. Here is the response I got: "Tim please re read the listing....The boat is turn key & as perfect as can be. She's fully found & ready to leave the dock for extended cruising. Just bring your toothbrush. Call me & I will arrange for you to see this boat." I went, I saw. Not turn key and far from perfect. Same deal with crazed hatches and portlights, on one side the fixed coachroof window was pulling away and had been screwed down to stop it. At least 1/2 the Lewmar portlights had been siliconed (very poorly I might add) around the seals in an apparent attempt to stop leaks (not the right fix for Lewmar portlights if you know about them). Ragged out canvas. Faucets all pitted and corroded...I wouldn't put my toothbruch anywhere near them! And in this case I asked numerous specific questions. Bottom line is this: Don't beleve 90% of the brokers out there. There ARE some good ones I know for sure, but 3 of 4 380's I've looked at since this summer were represented as nice, clean, ready to go, hardly used, etc. and that was far from the case. okay, rant over! Fair winds, Tim
...with used boat salesmen. I looked at the Ft Pierce 380 a couple months ago. My broker called that broker and asked specific questions about the condition of the boat. He was told it was nice, clean and ready to go. I flew down from Detroit (luckily I fly for free since I'm in the business). The boat was trash. Every hatch and portlight was badly crazed. Salty film everywhere below. Wood beat up. Bilges filthy. TONS of rust on exterior stainless. Bimini/dogder/sailcover canvas was little more than rags. Couldn't open most of the floorboards because the flip-up pulls were broken, corroded or caked with salt residue. etc. etc. etc. Apparently "clean and ready to go" meant that the owners had removed all their personal gear from the boat. I walked away and was p-o'd at the day I wasted and the $80 in car rental/gas. Fast fwd to a week or so ago.. I'm in South FL anyway, so I make an appt to see the 380 in Ft Lauderdale for $109.5k. Asked SPECIFIC questions about the condition of the boat. Here is the response I got: "Tim please re read the listing....The boat is turn key & as perfect as can be. She's fully found & ready to leave the dock for extended cruising. Just bring your toothbrush. Call me & I will arrange for you to see this boat." I went, I saw. Not turn key and far from perfect. Same deal with crazed hatches and portlights, on one side the fixed coachroof window was pulling away and had been screwed down to stop it. At least 1/2 the Lewmar portlights had been siliconed (very poorly I might add) around the seals in an apparent attempt to stop leaks (not the right fix for Lewmar portlights if you know about them). Ragged out canvas. Faucets all pitted and corroded...I wouldn't put my toothbruch anywhere near them! And in this case I asked numerous specific questions. Bottom line is this: Don't beleve 90% of the brokers out there. There ARE some good ones I know for sure, but 3 of 4 380's I've looked at since this summer were represented as nice, clean, ready to go, hardly used, etc. and that was far from the case. okay, rant over! Fair winds, Tim
Reminds me of....
Reminds me of a 32 we went to look at. Told it was clean with new cushions, etc. Drove the two hours to get to her, unknowlingly stepped in dog crap walking to the boat, found out the dog crap I accidentally tracked on board was the cleanest thing about the boat. What an omen
Gene this broker had you spend time and money to fly down to look at it and then after you show up mentions it had been sunk? I wouldn't just run from the boat I'd run from the broker as well. Just the issues from all the battery acid should be enough to scare you away let alone all the other hidden problems you'll experience from water damage. Run buddy, run!
Reminds me of a 32 we went to look at. Told it was clean with new cushions, etc. Drove the two hours to get to her, unknowlingly stepped in dog crap walking to the boat, found out the dog crap I accidentally tracked on board was the cleanest thing about the boat. What an omen
Gene this broker had you spend time and money to fly down to look at it and then after you show up mentions it had been sunk? I wouldn't just run from the boat I'd run from the broker as well. Just the issues from all the battery acid should be enough to scare you away let alone all the other hidden problems you'll experience from water damage. Run buddy, run!sunk boat
I agree with Stu This is a salvage boat that the insurance co paid off on. If you really want it and are prepared to do some of the work yourself offer under $20K for it subject to a survey. You might eventually come out with a decent boat for under the market value. But your gonna have an odor problem thats going to be near impossible to get rid of. Think about it carefully. Bob
I agree with Stu This is a salvage boat that the insurance co paid off on. If you really want it and are prepared to do some of the work yourself offer under $20K for it subject to a survey. You might eventually come out with a decent boat for under the market value. But your gonna have an odor problem thats going to be near impossible to get rid of. Think about it carefully. Bob
Gene, Tim & Mike...
I don't understand why you're not giving us the names of these unscrupulous brokers. Seems to me that it might help one of us avoid making the mistake of trusting them. Is there a forum rule prohibiting this? Paul
I don't understand why you're not giving us the names of these unscrupulous brokers. Seems to me that it might help one of us avoid making the mistake of trusting them. Is there a forum rule prohibiting this? Paul
are you mad???
Offer them 10k... put 100k into it and 2 years of your life... and you are good to float. Question for the rest of you.... do they Awlgrip Catalinas as a stock factory finish? Move on to the next one,
Offer them 10k... put 100k into it and 2 years of your life... and you are good to float. Question for the rest of you.... do they Awlgrip Catalinas as a stock factory finish? Move on to the next one,
You're kiddin' me right ?!? *grr
These %$&@%$#&!!! jerks from Flagshipyachts (remember that name and NO ONE should EVER DEAL WITH THEM AGAIN) !! So these sleeze balls have a boat listed on yachtworld that SUNK AT THE SLIP and nowhere in their listing of the boat do they actually tell anyone (until of course you fly down to see it !). Thats about as sleazy as it gets! I went and looked at the yachtworld listing (link below and their website here) http://www.flagshipyachts.com/ and nowhere does it say anything about the boat being underwater ! It does say "This vessel has some minor rub rail damage that the curent price reflects" So unless this boat sank the morning you arrived I would be very pissed These sleeze balls should have their license to sell boats revoked
These %$&@%$#&!!! jerks from Flagshipyachts (remember that name and NO ONE should EVER DEAL WITH THEM AGAIN) !! So these sleeze balls have a boat listed on yachtworld that SUNK AT THE SLIP and nowhere in their listing of the boat do they actually tell anyone (until of course you fly down to see it !). Thats about as sleazy as it gets! I went and looked at the yachtworld listing (link below and their website here) http://www.flagshipyachts.com/ and nowhere does it say anything about the boat being underwater ! It does say "This vessel has some minor rub rail damage that the curent price reflects" So unless this boat sank the morning you arrived I would be very pissed These sleeze balls should have their license to sell boats revoked
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