Originally Posted by sully75
Not totally sure that's an absolute but that's fine. I have a boat to sail in the meantime though and it's great, just a little tight. I put more than $20k into this boat, and I probably shouldn't have, so I know all about it.
We've had that feeling too many times, Sully. We always put too much into our boats. We put nearly $20K into a Bristol 24 once. Not even sure how we managed to accomplish that, but we did.
Deciding whether to refit an old boat or spend more at the outset and just go sailing is always a hard decision. At least it is for us. We have done it both ways and there are pros and cons.
In our younger poor years we were usually motivated by the fact that it was hard to get a boat loan for the older cheaper boats so it was easier to come up with the initial lower purchase price of a real beater and then "pay (and pay, and pay) as we go" while we're fixing it up. Then I think at some point this just became "what we do," the norm for us. And we discovered that we actually enjoyed working on boats and also enjoyed the pride of ownership
that comes from knowing you took an old piece of crap that wasn't too far away from the chopper and gave it a new life. We like saving the old traditional boats. That's part of the enjoyment for us.
We only paid $15K for our Cape Dory 33, in need of a lot of work. Structurally she's very sound, the interior
is in amazingly good shape except for some totally screwed up wiring
the PO tried to do. Of course it needs new cushions
and curtains, a ton of cleaning
but I always do those things anyway, regardless. But there sure are a lot of the "working parts" that need to be replaced, rebuilt, or repaired, and the exterior really suffered from just sitting for years exposed to the weather
. We figure we'll have $40-50K and a couple of years of work into her all said and done.
We could have bought a Cape Dory 33 for that amount that was sailable right away, but most likely it would still be needing upgrades, repairs
, certainly not to the extent that ours does, but unless the PO just completed a total refit the day before everything will not be brand new starting out like it will be on our boat when we finish.
So we are trading a couple of years of our time, which we have right now anyway because we still have about that same amount of time before we can retire, for basically a brand new boat.
Our choice wouldn't be for everyone because not everyone enjoys the work of restoring old boats. We're lucky because we have done a few of them so we already have a pretty comprehensive tool collection, and we also have more spare parts
than I even imagined. It seems like half the time we can find a part we need in a box in the garage or basement which is saving us considerable money
. I am also offsetting the cost by selling on eBay old parts
we find that we know we will not be using on this boat.
Good luck finding your bigger cruiser. But you are blessed to have such a fine old cruising boat as a Triton. Either way, you win.