Bene First 285 got hit - Page 2 - SailNet Community
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post #11 of 28 Old 06-17-2015
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Re: Bene First 285 got hit

David .... it does seem rather strange that anyone would contemplate buying damaged goods like that unless they were an absolute bargain. I cannot figure out why your mates would even consider it.

I remember we looked at a boat once that had a vaguely similar problem. We had a yard quote for the repairs and they ended up being more than the boat was worth. Run away, run away.

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post #12 of 28 Old 06-18-2015 Thread Starter
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Re: Bene First 285 got hit

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Originally Posted by SloopJonB View Post
19 grand for a seriously damaged 26 Y.O. 28'?

I think the owners brain must have gotten damaged along with the boat.

Around here they'd be lucky to get $5K
I guess that is the problem.

I'm not sure how serious the damage should be considered?

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post #13 of 28 Old 06-18-2015
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Re: Bene First 285 got hit

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Originally Posted by davidpm View Post
I guess that is the problem.

I'm not sure how serious the damage should be considered?
Well the best way to find out is have an estimate done, and add a couple thousand for unexpected issues, and subtract that from the price of the boat. Nada is about 15 to 17000 so I think the asking price is likely a good point to subtract from. Keep in mind the price of the repair is the price of the repair done by a professional. If your friend wants to take it on as a DIY then he should profit from his labor, so still subtract the amount of the estimate from the pro plus a few grand for incidentals. Likely there is good reason the current owner has not had it repaired.
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post #14 of 28 Old 06-18-2015
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Re: Bene First 285 got hit

With all the boats out there? No way.
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post #15 of 28 Old 06-18-2015
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Re: Bene First 285 got hit

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Originally Posted by davidpm View Post
I guess that is the problem.

I'm not sure how serious the damage should be considered?
Your buddy also needs to consider that major repairs like this will make it hard for them to sell down the road too. Same logic. Why would someone take the chance, if there are thousands of boats available without serious damage history.


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Re: Bene First 285 got hit

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I'm not sure how serious the damage should be considered?
The keel visibly broken away from the hull (that is not a Catalina smile), fractured and shifted internal structure and a visible distortion in the hull?

If that ain't serious, what is?

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post #17 of 28 Old 06-18-2015
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Re: Bene First 285 got hit

This is a shame... the Bene 285 was on my list of "maybe future boats," and I was truly hoping for someone to come aboard with a good one that could share their experience.

By the way I am with the collective here... that looks like its more serious than just a light grounding. The rust is less an issue (that just means saltwater got to the bolts/keel)... the structural changes inside indicate that it was a pretty serious impact, requiring more than just a home shop to repair.

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post #18 of 28 Old 06-18-2015
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Re: Bene First 285 got hit

Do boat titles get marked as salvage the way cars do? So say the owner made an insurance claim and it was declared a total loss, He was written a check for $16,000 and he bought it back from the insurance company for $2,000 (a fairly common occurrence) is the title now labeled as "salvage" the way a car would be? That could really change the value of the boat, as they say a car with salvage title is worth about half even with repairs done.
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Re: Bene First 285 got hit

Im not positive, but I do not think there are salvage titles. Nevertheless, a good surveyor will know immediately, especially if there is glass work done in the bilge.


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post #20 of 28 Old 06-18-2015
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Re: Bene First 285 got hit

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Originally Posted by miatapaul View Post
Do boat titles get marked as salvage the way cars do? So say the owner made an insurance claim and it was declared a total loss, He was written a check for $16,000 and he bought it back from the insurance company for $2,000 (a fairly common occurrence) is the title now labeled as "salvage" the way a car would be? That could really change the value of the boat, as they say a car with salvage title is worth about half even with repairs done.
In New York there are no boat titles. The registration is the only document that gets signed in the transfer.
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