If the mast
collar, chainplates, hatchs, and/or ports
, have been leaking, you "could" be looking at a > $10,000 repair. (I've done them) The evidence, however, is usually quite obvious. It would be sodden headliner
, black/punky, or delaminating plywood
bulkheads, wall panels
, or cabinet fronts & shelves. Do look "well" under as well as in every openable access hole.
Also, if it has bottom blisters
bad enough to need a peel, dry, re-fair, barrier coat, THEN bottom job... THAT can be prohibitively expensive!
Otherwise, these cost are vastly overstated! A non bent shaft cost "$0". What's that about?
If you pay cash you don't need any insurance
except perhaps liability, which is really cheap
& always available. (Over 40 years, I have NEVER had full hull
coverage). "I" decide where my boat spends H season, not some guy circumnavigating his desk!
A standard bottom job on that boat should be about a third of her quote, especially if you do the work yourself.
Her "re-rig cost" is a valid point, but the number is inflated by 50%! It is no big deal.
It is a good time to get a great deal on an old boat. I have done a bit of traveling around to help friends assess the value, suitability of various > 20 year old boats. Around here, 80% are either already dead or a money
pit. The other 20%, however, are the well built & maintained minority of boats that I'd suggest choosing from.
Learn what to look for in designs, builders, and age related problems, then take your time, be willing to travel and look at 20 different boats, "carefully", if necessary.
Then you are not just making a roll of the dice, you are taking a highly calculated risk, and cutting the likelihood of buying
"a terrible mistake" by ten fold.
In this context, It is a great time to buy a used boat! Come on in, the water's fine.