Buying a Boat Overseas ?

[tmoney]

I have been looking at smaller cats 30-35' in the 30-40k price range but financing over a 20 year will be 150-200 a month to bring that up to a 100k price range and a 50' cat. I think I can make an extra 400 a month somewhere to pay for extra maintanance and loan. Is it possible to find a crew wanting to head to the US to join me on my boat for the all expenses paid on the trip?

[Lagoon4us]

Crew are always available it's just sometimes hard matching crew/weather windows/timing etc there is a board on this forum just watch the postings and results you'll get the drift.
I'm a bad one to ask about loans, in Aus it's not the norm in my circles (blue collar) in the past banks here were always VERY reluctant however i believe anything is possible now.


Europe economy isn't great carrying plates is usually the fallback.

[tmoney]

Yeah basically what would happen is I would move onto the boat in EU and my wife would continue to work in the states to support the boat and me. I would be looking for a way to make money in EU and if I find it great we stay if I dont then we make plans for an atlantic crossing. I bring the boat up to the UK where at least I can negotiate a little better than in Italy or Croatia. We make preparations and we head out either sharing the expenses or I can pay for the majority and treat it as a sailing course. The other idea is buy a 34 prout or something in the states. gain experience learn the lifestyle and how to live. wait for the catamaran market to come further down sell the prout and upgrade to a bigger boat if needed. The only problem with that is we will have already lost all our income and could possibly lose the ability to purchase a bigger catamaran. Also the boat we would buy would probably not be a great deal and we could potentially lose money selling to upgrade. We can afford an extra $2000 a month while my wife is working in the states but as soon as she comes to me then we must figure our expenses out. The time frame for buying a bigger cat in EU is about a year to a yeah and a half to make it work with say a $1500 a month budget. to be safe.

[Lagoon4us]

Short list Boats availible, do a tonne of research and go over and checkout how the whole scenario will fit.
The cost of doing this will be money well spent, a learning holiday if you like?

[tmoney]

There are only few boats in our price range. Range for a 44-50' boat is up to 100k range for a smaller boat is like 40k There is a prout 50 for sale for 94k USD its in ready to sail condition the pictures show that as well as the long description saying its ready to sail similar boats go for 200k usd. That boat is in Croatia. If neither of the big boats overseas work out then we will purchase here in the states. I do need to find a place to get financing for a 90k$ boat.

[tmoney]

The trick is finding a lender comfortable with lending overseas.

[Ex-Calif]

Originally Posted by Boracay

.

Reading this thread is like watching a slow motion train crash.

Amen to that.. I can't stop watching...

[Doodles]

Originally Posted by tmoney

The trick is finding a lender comfortable with lending overseas.

They are out there but they will want a survey including estimated market value, which they base their loan amount on, and they want the boat documented in the US.

[tmoney]

Yeah that's what I have come across so far. There is an old yorktown 39 I came across for $6,500 its out of the water needs the mast stepped and bottom painted. Engine needs some work. Its been a thought.

[goboatingnow]

You will be allowed to stay 90 days in any EU country. If you work you will be deported. Work visas for adults are nearly impossible to get and require complicated rules.

Doing a fixer upper in a country where you cant legally live nor speak the language is simply laughable. Taking it to the UK by sail ?? Firstly that's a long tough sail. Secondly you'll need covered storage to reliably work on the boat thirdly the winters are long cold and dreary. Youll need a car / license/ insurance etc. as well. Then you'll have to buy all the tools etc. Youll need extended visas there too.

Many many marinas will not let you work
To that level on your boat. You will needs backstreet yard, preferably not anything to do with marinas at all

This project would be difficult in ones home country.

You seem to have done no research into any of this. It's an RTA in slow motion

Dave

[markpierce]

Originally Posted by Cotemar

I purchase overseas, because we wanted new and they do not make them in the US.

Hired a captain to bring it from France to Newport RI. USA.

Ditto, but had the boat shipped from China to California.

[tmoney]

I would not work on the boat in the UK. I have family there as well. I would find a crew there to help bring her to canada. I would pay the yard where she is at to do all the essentials. I will do all of the essential electrical myself in italy and finish it in Canada. The interior can be restored in Canada. No I have not looked into covered slips nor have I accounted for the winter. Either way I dont plan to be in UK very long.

[Lagoon4us]

Are/were your parents british?

[tmoney]

My grandma was from UK and came to Canada where my dad was born and I was born in Canada as well but I have duel citizen ship due to my mom. So idk if I can get a Visa based on Grandparents but who knows.

[Lagoon4us]

If you have dual citizenship Canada / UK you can get a UK Passport you may travel throughout Europe for as long as you wish, work, buy a house in MOST countries..... IF you can get the passport!