In a message dated 4/21/07 12:00:17 AM, Dave writes:
I have the funds to buy the boat but the potential difficulty in resale and
potential loss on selling prompted me in the charter direction. You know the
old saw, "If it flies, floats, or ***', rent it" :-))
Unless the charterer is really strapped for funds (or is a complete idiot)
you will probably find that the cost of chartering is comparable to the cost of
buying and reselling a boat. Doing the Loop puts considerable wear and tear on
a boat, not to mention about 1000 engine hours. It is about equivalent to
five years of normal seasonal use. One local broker estimated that a Loop uses up
about 1/3 the life of an average trawler.
In my opinion, it would be best to buy an older trawler in decent condition,
do the Loop, then sell it at a reduced price to a do-it-yourself boater. Let
the PO take the initial depreciation.
Larry Z
See what's free at http://www.aol.com.
In a message dated 4/21/07 12:00:17 AM, Dave writes:
> I have the funds to buy the boat but the potential difficulty in resale and
> potential loss on selling prompted me in the charter direction. You know the
> old saw, "If it flies, floats, or ****'*, rent it" :-))
>
Unless the charterer is really strapped for funds (or is a complete idiot)
you will probably find that the cost of chartering is comparable to the cost of
buying and reselling a boat. Doing the Loop puts considerable wear and tear on
a boat, not to mention about 1000 engine hours. It is about equivalent to
five years of normal seasonal use. One local broker estimated that a Loop uses up
about 1/3 the life of an average trawler.
In my opinion, it would be best to buy an older trawler in decent condition,
do the Loop, then sell it at a reduced price to a do-it-yourself boater. Let
the PO take the initial depreciation.
Larry Z
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See what's free at http://www.aol.com.
