Join Date: Feb 2010
Location: Narragansett Bay
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Re: What To Take Into Account When Considering A 40+ Year Old Sailboat?
The problem with "blue books" for sailboats is both the broad differences in condition, as well as how they are equipped. Good, fair, etc, just don't cut it for boats. The specific condition of decks, rigging, engines, etc, create huge differences on value. For some smaller boats, if these are in poor condition, they have theoretical negative value, as the defects cost more to replace than other functional hulls cost. Insurance companies and banks are playing the averages overall. They win some and lose some. That's probably not how you're looking at it.
Another thing to take into account on such an old boat, is it's only getting older. Once you're ready to sell it, as a 50 year old boat, it may be much harder. Hard to say.
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