Gordon J
Guru
- Joined
- Jul 23, 2015
- Messages
- 1,082
- Location
- USA
- Vessel Name
- Didi Mau
- Vessel Make
- Currently looking for next boat
The issue is, what is the description of troubled vessel? Trouble for you is an opportunity for someone else. A broker suggested we should not consider our current boat. My response is that everything has a value. The current price was obviously too high. The question then becomes, what is the boat actually worth?
In the end, we paid a price that provided us a chance to have a larger and better equipped boat than we otherwise might have bought, fir the price odd a bit of sweat equity.
I can tell that many here would not have considered our boat because it had been equipped to handle helicopters. I knew with a bit of work I could bring her back. Painting should be complete in another month. I think she will be better than new and at a fraction of the cost of a similarly equipped boat of same age.
I think going into any transaction with open eyes and realistic expectations is of paramount importance.
Our last boat we bought new. We still had to put in $40k to make her blue water capable. I will have put in much less to or current boat in terms of dollars, but have added significant labor.
Gordon
In the end, we paid a price that provided us a chance to have a larger and better equipped boat than we otherwise might have bought, fir the price odd a bit of sweat equity.
I can tell that many here would not have considered our boat because it had been equipped to handle helicopters. I knew with a bit of work I could bring her back. Painting should be complete in another month. I think she will be better than new and at a fraction of the cost of a similarly equipped boat of same age.
I think going into any transaction with open eyes and realistic expectations is of paramount importance.
Our last boat we bought new. We still had to put in $40k to make her blue water capable. I will have put in much less to or current boat in terms of dollars, but have added significant labor.
Gordon