Re: Is a marine survey really worth it for an inexpensive boat?
When we bought our first boat, a couple of years ago, we were looking for a cheap boat so we could get into sailing and see if we liked it. We bought a 1970's (about $5k) boat without a survey, but since the previous owner had insured it with BoatUS, we were able to just transfer his insurance to us, and didn't have to get a survey. Things have worked out for us on this boat, and in the 2 years we've owned it no major problems have cropped up. We're now in the process of buying our next boat, and are getting a survey this time, but the cheap boat definitely served its purpose of getting us into sailing and helping us figure out what was important for us on the next boat.