ASA and PSIA Instructor
Join Date: Apr 2000
Thanked 35 Times in 35 Posts
Rep Power: 17
Thanks for the Replys, I Didn't have her Surveyed, Im going to do most of that myself before I hand over the rest of the Cash. She's Old but a good looking boat, and I got her for Dirt Cheap, So im not worried about, putting some money in her.
One may set oneself up for a rude financial experience to think one can buy a yacht so cheap there's no risk in doing so. The cheaper the boat, and the bigger it is, the larger the dollar hole will be.
I'd guess that if a buyer is very, very expert and very, very careful, one could find a "good" deal that is not a hosing waiting to happen. But for the rest of us....
Certified...in several regards...