Join Date: Feb 2000
Location: Annapolis, Md
Thanked 234 Times in 185 Posts
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I would agree with Cam, you have made a deal and need to live with it in terms of the price of the boat. That said, you are coming into this deal expecting the boat to be in sound enough condition to sail back to Australia and that is unlikely for a 20 year old Asian built boat. You have been warned about the engine so that is already considered in the price. But an Asian boat of this era, especially one that has been in the Caribbean for a while is likely to have a whole parcel of big issues. For example, you can expect blisters as this was the heart of blister problems on Asian built boats. The original electrical sysetem would not be likely to meet modern standards and is likely to be close to shot. Plumbing which was often done with steel wound radiator hose is likely to be near the end of its useful lifespand and so on. The typically black iron fuel tanks are likely to be shot, In other words $130,000 is prpbably a very high price for an Asian 43 footer of this vintage and once surveyed, unless the previous owner has addressed these issues, the likely problems encountered will be of significant value and will result in items to be renegotiated.
On the other hand, the prior owner absorbed the expense of replacing the teak decks, and repalcing the original standing rigging and so may have addressed these other items as well. If all of these items have been addressed, then that is not a bad price for the old girl.