Am I Insane? (distressed boat purchase?) - SailNet Community
 
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post #1 of 5 Old 04-30-2002 Thread Starter
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Am I Insane? (distressed boat purchase?)

I''m looking at a late 70''s vintage C&C 34. It is priced aggressively and was recently run aground, and has had the keel and the rudder both completely replaced new.

Question is: Am I insane to be considering a boat (a) this old and (b) this distressed? Does the possibility of residual (unseen) damage categorically outweigh the the possibility that it might be ok? I mean I don''t want to be out and have a 35 knoter kick up and have the mast fall over.

Obviously, I''ll get a survey done. My question is, is that just a waste of time? I''ve heard most boat owners run a boat aground at some time. But this boat must have been run hard to have to have the whole keel replaced, right?

Bottom line: Should I look elsewhere?

Thanks for any and all insights. I''m a day sailor and am interested primarily in cruising, but some racing would be nice too.

Jeff.
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post #2 of 5 Old 04-30-2002
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Am I Insane? (distressed boat purchase?)

You definitely have some homework to do. You need to find out who did the repairs and ask to see the repair records. You are really looking at how extendive the damage, what was replaced and what materials were used. You will need to check into the reutation of the yard and perhaps even the workman who did the repairs. Often there will be pictures that show what was done. If everything looks up to snuff, then you need to ask yourself what is the boat worth. In a loose sense even if the repair was done perfectly there is still a drop in value to the boat because you will need to disclose the damage to the next buyer. The other thing is that this is a recent repair. Its one thing if the repair is 10 years old and there is no sign of the repair and quite another and the repair is fresh. The longer the period after the repair without a sign of the damage, the less significant to the price of the boat that the repair really is.

On a boat like a C&C 34 I would think that the lost value could be as much as 20 to 25 percent of the value of an equal boat that is in equal condition otherwise.

Jeff
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post #3 of 5 Old 04-30-2002
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Am I Insane? (distressed boat purchase?)

Jeff, If the rudder and keel were made/installed properly, and the boat tracks straight through the water, and you are sure that you will never ground the boat like the previous owner grounded it, then buy it.

But how does one know if you will ever ground the boat hard? That''s the $64 dollar question.

It would be interesting to find out exactly what happened to the boat. Hurricane???
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post #4 of 5 Old 04-30-2002
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Am I Insane? (distressed boat purchase?)

I recently bought a C&C 34 that had suffered a cushion fire caused by a halogen light. The boat was nasty to look at, but my surveyor stressed the damage was cosmetic so I bought the boat. I re-finished the interior and it looks brand new (to the untrained eye). Finally this weekend I was able to take it on the maiden voyage and I can attest to one thing, the boat sails exceptional and I now feel all of my elbow grease was well worth it. So if you can determine the boat is salvagable, you will have a great sailing boat.

Caveat: I don''t have alot to compare the boat to having only sailed on a handfull of boats in my life.

Good luck.

John
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post #5 of 5 Old 04-30-2002
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Am I Insane? (distressed boat purchase?)

Bottom line is, the boat is worth what you think it is. After you''ve done the homework Jeff H suggests and make an accepted offer, your surveyor gets to go over things to see if there''s anything you missed. If it''s been fixed properly, it should work just fine, and be worth every penny you think you should pay. If not, there are other boats out there.
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