Join Date: Dec 2000
Location: Gulf Coast, USA
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Buying a used Moorings Boat
In 1995 I bought a 1991 Moorings 38 as it aged out of the Carribean charter fleet. I had chartered the boat in several places with the Moorings and it the M38 worked for us.
I bought it via the Moorings brokerage found in the back of most sail magazines. Today it appraises at more than I paid for it. (No, I don''t really believe it either, but it''s not for sale and we''ll never really know what someone would pay for it.)
I had the opportunity to look at 6 Moorings 38 boats for sale in Ft. Lauderdale. Yes, charter boats are used hard, but unless there is structural damage (which is easily found by you and certainly by the surveyor), the boat still has tremendous value over what you pay for a new one. At the time I paid 1/3 of the price it took to buy a similar boat and put it into the Moorings fleet. And it came complete with all the cruising stuff Moorings puts on the boats, most significant of which was two large anchors, 5 oversized winches (for those careless charterers), safety equipment, life jackets, etc. Some charter stuff aboard was at the end of it''s useful life.
I think the fact that a charter boat is used and maintained in working order is a positive thing. A seldom-used boat sits in one place and falls apart one screw at a time. Did that maintenance in some remote jungle create some oddball solutions, yes, but in the end it all still works.
Problems? Nothing major. I have had no major problems with mechanical systems. Engine (Yanmar), with 3000+ hours, is still purring. Cabin cushions are still original. Interior mechanical (lights, pumps, water heater, etc) all "as-was" from Moorings. Interior was fine except for minor dings.
Small problems? Hey, it''s a boat. And all 1990''s Beneteau''s had falling vinyl headliners, which mine did also.
I''ve replaced the battery charger (1991 was primitive technology for battery chargers)and added holding tanks, Lectrasan and A/C.
If you choose carefully this is an excellant way to buy more boat.