ASA and PSIA Instructor
Join Date: Apr 2000
Thanked 27 Times in 27 Posts
Rep Power: 16
I have often said that the most you can expect when buying a boat is to get what you pay for.
I think that rule applies even when the boat is free - it's free simply because it isn't worth anything. I suspect when you finish understanding what you are being given, after factoring in the cost of a trailer, adding some good sails, a satisfactorily operating engine, missing lifejackets, or who knows what other gear - whatever this boat doesn't haveor has but doesn't work or needs replacement, let alone any real repairs like aged rigging - that you can save serious money by instead paying $3,500 for a complete, maintained "needs nothing" version. A free boat can turn out to be just too expensive, the same is true of any boat well below market value. IMHO both are red flags to look elsewhere, ESPECIALLY if you are not extremely well versed in boats.