The odds are against you in the "I don't want to spend any money on it in 5 years". Yes,
you're spending a lot of money, but your'e still buying a 7 year old boat with 7 year old systems.
Just because the cost is over 100k, doesn't mean that things won't fail. Heck, they're "expected"
Think of it in terms of an automobile; would you be fair to say, "I want to buy a 7 year old
car and not have to spend any major $$ on it for 5 years."? Remember, at the end of your
5 five year term, that's now a 12 year old boat (about to be 13). Also, the fact that you
are planning to do no major maintenance and still want to only take a 5% depreciation per
year is also, "unrealistic". Think about it from your current "buyer's prospective". If someone
offered you the boat you "expect" to have, 12 years old and had no major renovation work
done, for 100k, vs. a 5 year newer boat in near perfect condition for 130k, which one do
you look at?
Oh, and the term "salty" and even, "bluewater" as it pertains to a captain, just speaks to his/her
experience level, with "salty and bluewater proven" being someone you can trust that has tons
of sailing experience. From what I understand, those "Great Lakes" up there can be quite unforgiving
at times and a person can just as easily sink in freshwater as he can in saltwater.