Join Date: Mar 2006
Location: Fort Lauderdale
Thanked 24 Times in 24 Posts
Rep Power: 11
Above all, what type of sailing do you want to do? Cruising the carribean or doing the Atlantic ARC and circumnavigation?
Also, do you have $160k cash on hand, or is it that you want to make payments on a boat of a max of $160k?
If I had the cash, ideally I would love to find an older bluewater cruiser (Valiant, Passport, etc) for $80-$100k and then use the rest of the funds to refurbish and refit her completely. In the end, you'll end up with a boat thats worth $130k (refits never recoup what you put into them) however the replacement value of the boat if new would be around $300-400k! Plus you'll have a boat trimmed out to exactly your needs and sailing desires without anyone elses grubby "modifications". Major work would be spent on the following:
engine/running gear work - $25k
rigging - $5k
plumbing - $1k
redo electrical & wiring - $3k (new batteries included)
new electronics - $5k
refrigeration - $1k
power generation (solar, windgen, alternator) - $4k
general interior refurbishing - $5k
bottom job - $2k
exterior repaint - $5000 (but I would get this in Trinidad)
If you're financing the purchase, forget about getting something 40ft+ range. I would scale down my cruising plans *AND* my boat and look in the 34-35 foot range. But get it new and completely set up for cruising from the dealer (upgraded ground tackle, generator, etc) Get as much as you can to be financed. Dont worry too much about a bump up of dollars on your invoice...think about it in terms of monthly payment. Remember CASH IN HAND is worth much more than anything else (if you're financing).
Two different mindsets...two very different scenarios