Run, don't walk, away from this boat. It's horrible. If you want to buy an older sailboat, there are hundreds, if not thousands, to choose from in the US. Buy one that you can go sailing on now....not years later.
As to not having savings, or trying to have savings, why? I don't know how old you are, but old age comes quickly. A day is coming when you won't be able to work. What will you do then? One doesn't need to be rich, but one does need a certain amount of money...otherwise, life is going to become difficult (I guess there is always some form of welfare, but there are restrictions even there). Take the advice of an old man....from every pay check, set aside a little for a rainey day (and don't touch it except in extreme circumstances). Whatever your income is, live within that. And, please, don't waste it on this junk boat or on a similar one.