A couple of you have taken me up on my offer to relate my 8 month saga of
frustrated attempts to buy a boat. I hope what follows also answers your
specific questions.
The itch began last July when some friends from long ago phoned to say they
had docked in one of the local marinas, and asked that us to join them for
lunch aboard. They have a beautiful 1989 Canoe Cove 42' sedan. (It's a
locally-built high quality, semi-displacement hull, available in lengths
from about 36' to 53' in length, but no longer in production.) Afterward,
my wife remarked that she could see herself "on a boat like that", and I
quickly started to scratch.
I soon discovered that buying a power boat is even worse than buying a used
car, which everyone knows is a nightmare. Nevertheless, at least when you
consider a car, you can take it for a test drive before making an offer.
However, unless the boat is local, you get to see it once, but that viewing
does not permit you to test any of its complex and very expensive systems.
Usually can't even start the engines. Everything needed to evaluate the
condition of the vessel and its asking price is either incredibly
superficial or taken on faith, despite the fact that for almost all of us,
the amount of money involved in these transactions is more than
significant. Nevertheless, because we are powerless to change the system,
we make our offers in hope, if not knowledge. Then come the surveys, when
one's faith in everything, but particularly human nature, is sorely tried.
Although I had owned sailboats up to 26', I was completely unfamiliar with
the world of power, so I started by reading everything I could find, both
in print and on the Internet. Almost every piece of advice for the new
buyer suggests making a list of all the qualities one needs, wants, or
wishes for in his/her new dream boat. We followed that advice, and I now
regret it, for I think it caused us to over-reach and to miss some good
possibilities along the way. After having looked seriously at more than a
hundred used boats, I can say with a reasonable degree of certainty that
our "dream" boat does not exist, but if it did, we certainly couldn't
afford it.
Instead of wishes, we ought to have had fundamental criteria, and
considered anything in addition a bonus. Now we are looking only for a boat
that is safe; in decent condition; comfortable; attractive to our eyes, at
least; and affordable. This last has required more "flexibility" than
anticipated, for since we started our quest, our budget has forced itself
upward by 50%. Not our bank account, but our budget. On the one hand, we
were probably unrealistic about prices, but on the other, there simply
aren't many good, affordable vessels on the used market. In the Pacific
North-West, brokers are scrambling to find listings.
Another aspect of my experience to date has been dealing directly with
sellers and through brokers.
In September, I saw a 37' sedan for sale privately. My offer was accepted,
but the surveyor found a lot of dry rot in her two main bulkheads. I
chickened out. Knowing what I do now, I wish I had re-negotiated what was
already a good price. The next person to look at her got her for a song,
and was able to have her brought up to standard and still be far ahead of
the market. Chalk that one up to newbie ignorance.
A couple of months later, I was attracted to a Uniflite 37' Coastal Cruiser
despite the blisters. Offer accepted, went to survey, found the apparently
identical Volvos were not. Different horsepowers, and transmissions with
different gear ratios. Both the marine and mechanical surveyors said
"Walk!" Since I was paying for their expert advice, I took it.
In January, a business acquaintance told me of a 41' sedan for sale locally
from an owner who lived elsewhere. It seemed to be in absolutely pristine
condition. A curious negotiating process over the internet finally produced
an agreed sale price. The survey was basically clean but for some
delamination of the fibreglass on the deck. I got a couple of estimates for
the work, and tried to negotiate an allowance only to have the vendor
withdraw it from the market. Bizarre.
(Meanwhile, a 50' boathouse (E16) was coincidentally brought to my
attention as being privately available, so I bought it. Still no boat, but
at least one successful transaction. No regrets either, since houses are
even scarcer than boats, and mine might actually prove to be a good
investment if I ever decide to sell.)
In February, went after a 41' aft cabin through a Vancouver broker. It
seemed in good shape, was well-equipped, and the asking price was
reasonable. However, the broker gave me the strong impression there was
some negotiating flex, so I asked his advice about putting in an offer a
bit on the low side. When he replied that it was his job to make sure no
insult was taken, I did so, heard nothing for several days, and finally
phoned the broker to be told the boat had been sold for a price I had been
willing to pay. Most unhappy with both broker and self.
Later that month, chased down a distant 42' aft cabin, was reassured by the
broker on the phone that this was a 2-owner boat in wonderful condition
with lots of extras all in good shape. We travelled to see it, and while
the exterior showed that it had been completely neglected all winter, the
interior looked and smelled clean and dry. After more reassurances about
the good level of maintenance including a copy of an insurance survey
confirming same, we returned home, and after more than a month of
negotiation, arrived at an agreed price. Had it surveyed 2 weeks ago.
Virtually every one of the systems on the boat - which, of course, we
hadn't been able to test during our cursory inspection - had a problem.
Some were simple, most were not. The mechanical surveyor said he "thought
the engines were basically okay", but he couldn't check properly because
the salon carpet had been glued down as a single piece that covered both
engine access hatches. However, he did determine that most of the
instruments were unserviceable, that the generator starter motor was dead,
that some of the hoses were soft, that the engine had oil leaks, that a lot
of the wiring needed replacement... Having done all he could do, he left.
Our marine surveyor had by this time worked his way from the forepeak to
about mid-boat, and seeing we were alone, asked bluntly whether I was
looking for a "project boat" to occupy my handyman skills - and bank
account - for the next several years. He took me through his already long
list of concerns, suggested I pay him for half a survey, and that we both
go home. Since the broker and the owner were sitting on the flybridge, I
took the broker for a walk, told him I would still buy the boat if the
vendor either undertook to make the necessary repairs or reduced the price
sufficiently to permit me to do so. The vendor said he couldn't, and I took
the surveyor up on his offer.
This afternoon, I just returned from yet another trip to Vancouver to look
at a proper trawler. According to the broker on the phone, "Great shape,
just needs a little detailing". On viewing, the boat had obviously seen
very hard use, and amateur repairs to decks etc. were much in evidence.
When I suggested that the "detailing" would entail a complete refit of the
exterior and an interior make-over - and who knows about the rest? - the
broker expressed surprise. He then proudly stated he had already sold that
boat to - and then for - 4 different owners over the past several years.
Clearly, none had kept her for very long.
Am I discouraged by these experiences? Disappointed to be sure, for we
really wanted to be on the water by now. However the consolation is that
each failure has avoided an even bigger one later. It would have been
preferable and a lot cheaper to have learned these simple lessons from
someone else's mistakes, but I've always been prone to doing it the hard way.
I remain hopeful, expectant, optimistic even, for however slowly, there's
sure to be yet another boat on the market. As it comes along, assuming the
safety, comfort, and cost factors are evident, I look really hard at the
following:
Exterior: Is it in reasonable condition? Can we move easily and safely
around the decks? Position ourselves for anchoring or coming alongside?
Simply get on and off without having the climbing abilities of a 10 year-old?
Engines: A full mechanical survey and oils analyses of engine(s) and
transmission(s) and generator, too, if one is aboard, is a basic
requirement. Although this recitation made me realize that all the boats
I've tried to purchase have been twin engined, I have considered several
single-engined boats, but haven't been able to get to an agreed price on
those I liked. Regardless of number, I am concerned that engine parts and
service be readily available and reasonably priced. The boating forums are
full of inquiries for sources of parts for engines that are no longer
produced. Some were wonderful workhorses in their day, but...
Unfortunately, that has caused me to reject a lot of otherwise attractive
boats because they had these engines in them. As to the newer engines,
www.boatdiesel.com and, of course, Trawlerworld, Passagemaker, etc. all
have posts from people offering their experiences, some good, some awful.
Fortunately, there are a few engines that have earned respect for
reliability, parts and service, and I look for them, hoping that the hull
that carries them will also prove worthy. The surveyors and mechanics I
have consulted all seemed to refer to particular diesel engines as either
slow-turning or fast-turning. The former tend to be older models that are
big and heavy, the latter the lighter and smaller models being brought out
for the present market. According to these experts, the slow turners can be
+10,000 hour engines if well-maintained, but the fast turners require
expensive overhauls a lot sooner. My own experience is limited to the
observation that a lot of the boats that advertise low hour engines after a
major overhaul have the fast-turners.
Complexity: These days, most electronics are out of date before they're out
of the box. They are also the bits that suffer the most in the infamous
"marine environment". (I'm a sucker for toys, and prone to seduction.) The
mechanical side also needs careful consideration: generators, ice-makers,
water-makers, air conditioners, furnaces and so on are wonderful luxuries.
However, they have to be maintained and eventually repaired or replaced. I
try to be particularly strong-willed in assessing their value relative to
my intended use of the boat, and to look beyond them. My personal mantra -
which I have been known to ignore outrageously - is that I have to focus on
those aspects of the vessel that are unchangeable and unforgiving. A new
radio or GPS is cheap compared to a rusting fuel tank or rotten stringers.
General Condition: Although I wish it could be otherwise, I've been in the
market for a +20 year old boat, because I've been trying to max the size of
the boat against whatever I pay. However, boat years probably equate more
to dogs than humans, and because of that, the next step in our mental
conciliation process has been a decision to consider going smaller and newer.
Hey, tomorrow I'm off to look at a trawler with twin Lehmans. Maybe this
will be the one!
Cheers, Garrett
Garrrett,
Good luck in your continuing search and don't get discouraged. You have not
just made one successful transaction (the boathouse). From your recitation
you have also successfully hired at least two very good surveyors - one for
the boat and systems and one for engines, and havehad the wisdom to listen
to them and accept thier advice.
Dick
"Keebird"
Seattle
----- Original Message -----
From: "E16" E16@telus.net
To: trawler-world-list@samurai.com
Sent: Monday, April 17, 2000 8:07 PM
Subject: TWL: Boatless in Victoria
A couple of you have taken me up on my offer to relate my 8 month saga of
frustrated attempts to buy a boat. I hope what follows also answers your
specific questions.
(snip)