Join Date: Feb 2000
Location: Annapolis, Md
Thanked 235 Times in 186 Posts
Rep Power: 10
Welcome to the world of owning a boat with a negative value. Boats like these have so little value that the cost of a rebuilt engine and transmission gets awfully close to the value of the boat. The reason that boats like these end up in salvage yards is that they cost more to fix up than they will ever be worth. Sorry to be the bearer of bad news.
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Curmudgeon at Large- and rhinestone in the rough, sailing my Farr 11.6 on the Chesapeake Bay