Noob purchasing and commandeering a sail boat - Page 17 - SailNet Community
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post #161 of 167 Old 12-27-2011
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This thread delivers! But not a BOAT! LMAO

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post #162 of 167 Old 12-28-2011 Thread Starter
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Yeah, thanks for the advice my friends. Like I said, I'm not buying the boat since the dealer won't let me make it conditional on sea trial in spring (unless the price goes up, and I have to pay for de-winterization).

So I'm moving on, looking at other boats. And I'm taking BoatPoker up on his offer.

Thanks again everyone.
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post #163 of 167 Old 12-28-2011 Thread Starter
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Quote:
Originally Posted by bljones View Post
Going out on a limb and assuming I am not bringing a gun to a 11th grade troll's knife-fight, I am going forward on the theory that I am simply dealing with a remarkably self-absorbed deluded naif.
That's harsh. I apologize if I sound stupid, I'm just new to the whole concept of boats and living aboard.

The minimum payments were quoted at $1300 a month. That's 1/7 of our income after tax per month. We have no other debt.
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post #164 of 167 Old 01-08-2012 Thread Starter
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So, with no further ado, here are my 4-season liveaboard picks- others may have different ideas.

Under $125K, that meets the sub- 20 year financing criteria:

1991 Nauticat Motorsailer Sail Boat For Sale - www.yachtworld.com
Nauticats are tough to beat as a liveaboard, but not cheap.

1994 Pacific Seacraft Pilothouse 32 Sail Boat For Sale - www.yachtworld.com


Under $50 K, if you can swing cash:

1989 CAPITAL YACHTS Auxiliary Pilothouse Cutter Sail Boat For Sale - www.yachtworld.com


This one has been on the market for over a year- they might be open to offers:
1982 Tanzer 10.5 Pilothouse sloop Sail Boat For Sale - www.yachtworld.com

Real money on these is under $30K. the only two that have sold in the past two years have sold for under $25K. IMO they can be a great couples liveaboard, if arguably not the most attractive boat on the water:
1975 Fales 32 Navigator Pilothouse Sail Boat For Sale - www.yachtworld.com

Lots of other options out there- a Fisher comes to mind, but beyond budget for cash and beyond age for financing, same with Endurance, Baba, Saturna, etc.,
I have taken a look at these suggestions and I have a few comments:

Firstly, the 20 year restriction that banks put on a boat is for amortization. The banks don't want a borrower having a balance owing on a boat older than 20 years, so for example if the boat was 9 years old, the banks want you to pay off your boat in 11 years before the 20 years is up.

Therefore, the boats valued over $70k and older than 10 years would not be easy to get financing on.

The other concern is the proximity to my location (Waterloo, ON, Canada). I want to be able to inspect my boat before purchasing or ordering a survey on it. And I also don't want to have to pay to trailer it to Lake Ontario.

So for those reasons, none of these listings are for me.

For my first boat, I want something that is on either Eerie or Lake Ontario.

My revised budget (after having carefully considered all the advice given to me) is $80,000, but I'd prefer something in the $50k range.

I'm still on the lookout for a liveaboard boat. I'm currently considering the CS 36 Merlin. Any thoughts on these boats? The only problem I see is I might not be able to swing the cash.

EDIT: I know my last question was in regards to the Hunter Vision 36, but although I'm sure it is a decent CAT boat, it seems to be a bit of an orphan, and I doubt it would be easy to sell. (As a buyer, you should always be looking for resale value.)

Last edited by PsySailor; 01-08-2012 at 01:58 PM.
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post #165 of 167 Old 01-08-2012
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I am a big fan of CS boats and believe they are the best built of all the mass production boats ...... except for the Merlin. Many problems with the liner cracks

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post #166 of 167 Old 01-08-2012
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Quote:
Originally Posted by PsySailor View Post
I have taken a look at these suggestions and I have a few comments:

Firstly, the 20 year restriction that banks put on a boat is for amortization. The banks don't want a borrower having a balance owing on a boat older than 20 years, so for example if the boat was 9 years old, the banks want you to pay off your boat in 11 years before the 20 years is up.

Therefore, the boats valued over $70k and older than 10 years would not be easy to get financing on.

The other concern is the proximity to my location (Waterloo, ON, Canada). I want to be able to inspect my boat before purchasing or ordering a survey on it. And I also don't want to have to pay to trailer it to Lake Ontario.

So for those reasons, none of these listings are for me.

For my first boat, I want something that is on either Eerie or Lake Ontario.

My revised budget (after having carefully considered all the advice given to me) is $80,000, but I'd prefer something in the $50k range.

I'm still on the lookout for a liveaboard boat. I'm currently considering the CS 36 Merlin. Any thoughts on these boats? The only problem I see is I might not be able to swing the cash.

EDIT: I know my last question was in regards to the Hunter Vision 36, but although I'm sure it is a decent CAT boat, it seems to be a bit of an orphan, and I doubt it would be easy to sell. (As a buyer, you should always be looking for resale value.)
Some of my examples were just that- examples, to give you an idea of what you should be looking for in a liveaboard boat.
Re: budget- Now you're getting more realistic.
You might want to take a look at some of the marine specialist lenders, in addition to the Five Witches. This might be a good reason to go to the boat show. C'mon, I'll even buy you a beer.

It's 5 o'clock somewhere:


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post #167 of 167 Old 01-09-2012
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Quote:
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Ahoy Captains,

I am a noob who is about to potentially get burned in a boat sale over $100,000. I have never sailed a boat bigger than 14ft, yet I'm buying a 40ft sail boat this winter/spring, possibly from an NY American dealer (I'm from Ontario). So any help you can give me is appreciated. I know this is what I want to do with my life, but I'm having some trouble locating the information I need. Here are some questions that I know I have: (I'm sure there's more I don't know that I have.)

1. After I purchase the boat, I'll be sailing it back to Burlington marina. Who should I contact in US Customs about paying duties? (Since they won't be stopping me at the border, as I'll be sailing across Lake Ontario back to Canada.)

2. What additional costs are incurred by purchasing a sail boat in the US and importing to Canada for permanent residency? I ask because I have found a similar boat in Canada that is slightly more expensive and I'm wondering if buying the US boat is not the better deal after all...

3. Where can I find a good sail boat surveyor to look at my prospective boat to tell me about anything that is wrong with it? Do you guys know any Canadian ones who would be willing to travel to New York with me and look at the boat?

4. Where/how should I go about finding someone to help me commission the boat and sail her across Lake Ontario in spring of 2012 (this spring)? I'm looking for someone who would do it for some good memories, a friendship, beer, and perhaps a small fee... My family is poor and I don't know anyone who owns a 40 ft boat who would be willing to help me sail it across Lake Ontario.

Thank you very much for any information, links, etc.. you can provide. I deeply appreciate it. My life kinda depends on me finding the right, accurate information. Because my heart is set on becoming a sail boat owner, a liveaboard, and a good skipper aswell.
1. USE A CUSTOMS BROKER to handle the documentation. Have it completed prior to the boat arriving at the border - no if's and's or but's.

2. DO NOT LISTEN TO ANYTHING CANADA CUSTOMS TELLS YOU about import procedure - they are ignorant clerks who will cost you $thousands if you listen to them. In my case, an American trucker knew more about their procedures than they did. If I listened to CCRA it would have cost me approx $5K.

3. HST only is due on import - IF THE BOAT WAS BUILT IN THE NAFTA ENVELOPE. Duty applies to boats built elsewhere.

4. If it is registered in the USA - the high level national registration - have an American marine documentation professional de-register it.

I did all the above - it only cost me about $300 or so and it was entirely painless.

I, myself, personally intend to continue being outspoken and opinionated, intolerant of all fanatics, fools and ignoramuses, deeply suspicious of all those who have "found the answer" and on my bad days, downright rude.
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