Originally Posted by LA-Sailor
My hope was to buy the boat in Mexico this summer, bring it back to LA, spend 2-3 years working to paying it off and upgrade various systems, then head out to the South Pacific
. Low and behold the 3-4 boat financiers I've called ONLY finance boats in the US.
Why don’t you just save up the money
and then go looking? Over and above the obvious, that very few financiers like their security
being in another country, the added costs of boat ownership
wont assist your plans; quite the opposite. Or, alternatively, just buy a boat you can afford.
Boats aren’t like property, they depreciate, usually quite dramatically. So you’re 80K boat will only be worth what? 50-60K in 3 years.
But worse, they all need a heap of maintenance
, most would expect 10% annually but let's pick a lower figure, say 5%, that's $4K per annum. Annual antifouling will soak at least half of that up, given the size of boat you're looking at. Even when you do it yourself, means costs for lifting in and out, cradle
and tools obviously. Even for my little 26 foot boat there’s no change out of $1,000 and I do it myself.
Also you’ll have the costs of mooring
. Maybe you're planning to live on it, you don't say, but obviously that would make the economics quite different. You'd really buying a beach front apartment, not a boat.
And why ‘upgrade various systems’? Why buy a boat that doesn’t even meet your requirements. That doesn’t strike me as the wisest idea. Derrr.
Nor do upgrades add squat to a boat’s value. Down the track it may be a factor in a boat’s attractiveness to potential buyers when you go to sell. But those upgrades by then will be old and the ocean environment
is so very harsh.
And as for this:
Originally Posted by LA-Sailor
I'm getting desperate in thinking if I can negotiate with the owner and have them bring it to San Diego
. That way it's in a US State and someone would help. The same boat is 180,000ish in the SF area. I'm clueless what to do...
Like you think someone with a boat in another country will move it to SF (at great expense) in the hope that a maybe buyer without enough money
might be able to borrow the balance. Yeah right, like any of that’s gonna happen.
You ask what to do, and I hate to rain on your parade. And from the little you’ve said in your questions and comments it appears you know little about boats or sailing. So here’s my two cents worth:
Buy a boat you can afford. Buy it where you live. Join a yacht club. Go sailing, you know like every weekend. Spend time hanging out with boat people, especially the guys and girls in the yards. Look over their shoulders and learn about boat maintenance
, sailing, real boat values, what boats are good etc. Undertake whatever courses there are locally to learn about navigation
, and seamanship etc. Read books
about sailing adventures. Do occasional 2-3 week long trips in your boat. Also volunteer to crew on a few ocean trips (with friends is best). After 2-3 years you’ll have learnt much and be in a much better position to know what you really need in a boat. Also you’ll have saved the money for an ocean cruiser. Also you’ll feel competent to take (and risk) other people’s lives out into the briny blue.
As an aside I notice quite a number of people looking at boats in other countries and finding boats that are seemingly much cheaper than the equivalent in their own locality. If such boats were real bargains everyone would be off to buy them, sail them back to their own country and sell them for vast profits. The reality is typically quite the opposite. The real problem: they’re f**king boats.