Re: Terrifying Spencer 42' - Should I buy?
Another vote for "run away as fast as you can!" Even if it were free, you'd have to sink so much money into that boat to put things right it just wouldn't be worth it. In the end, that kind of investment of time and money only makes sense when you pour it into a top quality boat with a pedigree. Even then, it's rare to recoup your investment. It's one thing to buy a derelict to simply live on at the dock, but when you start mentioning bluewater sailing .... Better to look for a quality boat that an owner has lovingly restored and maintained and who is selling for health or age reasons. Even then, you'll find the upkeep on the boat time-consuming and expensive (if you keep it up to a high standard). Keep looking. There are a lot of used boats out there for sale.