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post #1 of Old 02-04-2002 Thread Starter
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buying a 60'''' steel

Well me wife and I are looking at buying a steel catch that needs lots of tlc. The hull has been sounded and reads on average 45-4.9. The boat needs so much work but we are willing to put it in along with some hard cash. $82000 will make it ours. I find the stories of the strength of steel at sea and availablity of welders worldwide a plus. However, finance companies tend to shy awy from steel hulls as well as insurance co.s It appears we will have to buy the boat without financing ie home equity. any and all comments much wanted.
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