Cruisers Forum
 


Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on Cruisers Forums. Advertise Here
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 26-12-2017, 11:53   #31
Registered User

Join Date: Dec 2017
Location: The Gulf of Maine
Boat: Bavara 37/Soling 27
Posts: 284
Re: How much boat can I afford?

Quote:
Originally Posted by 1Sunseeker View Post
That's sort of like asking how high is up? With that budget you are home safe. That Freedom above looks very tempting to me. I bought my 32' in Long Beach for about 27K and have put that much and more into it. but it is still only 32'. Actually 31'-6".

There are many factors to consider, your experience, age, marital status, a pet? Where do you want to go, mentioned above, but plans change. Will you need to work to supplement the cruising funds? Work clothes storage? Is this to be considered your first and last boat? The only thing I would really stress is try to find a good second hand one that the PO has spent many $$$$ on to bring/keep in solid condition. They are out there. Try San Diego for a P.O. boat as many folks from the NW start out to sail around the world get as far as San Diego and one or both bail out. And remember a boat can sit very quietly in it's slip and things will go wrong. Buy a boat that you are proud to own. Even though my boat is only 31'-6" a lot of folks tell me how nice she looks. And it's a 77 model. I am proud of her but no matter what I do, she is still only 31'-6". Sorry, "La Traviata" now don't pout.

Thank you! This is an excellent piece of intel "many folks from the NW start out to sail around the world get as far as San Diego and one or both bail out"
NedX is offline   Reply With Quote
Old 26-12-2017, 11:57   #32
Registered User

Join Date: Dec 2017
Location: The Gulf of Maine
Boat: Bavara 37/Soling 27
Posts: 284
Re: How much boat can I afford?

Quote:
Originally Posted by CascadeThumper View Post
Nice boat. My experience says that 100K will quickly become 200K. I always end up double with everything nautical despite my good intentions.
Excellent boat. Cascade, you're answering my question. It's not how much the 100 k will buy, it's how long they'll last. Every boat I've ever sailed on has been someone else's problem to maintain. That's the question I need your help to answer.
NedX is offline   Reply With Quote
Old 26-12-2017, 12:19   #33
Registered User
 
nwdiver's Avatar

Join Date: Aug 2011
Location: Vancouver, BC
Boat: C&C Landfall 38
Posts: 802
Re: How much boat can I afford?

Quote:
Originally Posted by NedX View Post
Excellent boat. Cascade, you're answering my question. It's not how much the 100 k will buy, it's how long they'll last. Every boat I've ever sailed on has been someone else's problem to maintain. That's the question I need your help to answer.
If it is an old boat buy something that someone else has already poured money into fixing it up, they will never get what they spent back, you pouring 60k into a 15k boat makes a 30k boat, buy one that someone else has made that error.......it's not an error IF you do it and plan on keeping it for many years......

I see people buying a 10k boat putting 30k into it and thinking they can get 45k for it, in the real world this does not happen........they think thier labour is worth something, unless it's a shipwright doing the work in thier down time it's worthless.......and a good shipwright would never make that mistake.....
nwdiver is online now   Reply With Quote
Old 26-12-2017, 12:36   #34
Moderator
 
Don C L's Avatar

Join Date: Sep 2014
Location: Channel Islands, CA
Boat: 1962 Columbia 29 MK 1 #37
Posts: 12,525
Images: 58
Re: How much boat can I afford?

Welcome aboard Ned. On the face of it 100K can buy a lot of boat. But as someone said, where are you going with the boat? The more specific you are with plans and your skills and your preferences, the easier it is to answer the question. After the 100k is spent, how much cash flow will you have to maintain you and the boat?
If someone handed me 100K and said go get a 32 footer I'd be thinking of a really well-refitted older boat, one that was well-built originally as well, and performs the way I want for the places I intend to go to. The boat to get is the one where someone had maintained the boat well and prepared it well and then changed their mind. Everything new on that boat will come at a dramatically discounted price. Personally, I'd be thinking I'd spend only half of that or less and put the rest in the bank. Just as an example I might look for a Rhodes 41 (which really is a 32 footer stretched) or on another spectrum, an S&S 34, a but then I am partial to older boats .....but that is just ME. So much of what is loaded in your question has to do with you, and that we don't know much about.
__________________
DL
Pythagoras
1962 Columbia 29 MKI #37
Don C L is offline   Reply With Quote
Old 26-12-2017, 13:30   #35
Registered User

Join Date: Oct 2007
Location: Virginia
Boat: Oday30
Posts: 782
Images: 59
Re: How much boat can I afford?

Quote:
Originally Posted by boatman61 View Post

You just have to find where you fit in between the above and what others think is indispensable..
Thanks for posting that -- I’m quite fond of the smaller Bristols – we paid $600 for our B24 about ten years ago or so, refurbished it mechanically and sailed it fairly hard, although locally, and although I put her up for sale once upon a time (when we got the ODay), I decided against it -- still have her and am loath to part with her even though now it needs a ton of work. They just seem to get under your skin and have a way of behaving themselves despite the situations the absent-minded skipper might get them in to.
__________________
Larry
dcstrng is offline   Reply With Quote
Old 26-12-2017, 13:35   #36
Registered User
 
philiosophy's Avatar

Join Date: Apr 2010
Location: Presently in the Derwent River Tasmania
Boat: 1980 Southern Cross 39
Posts: 193
Images: 7
Re: How much boat can I afford?

Hi Ned, There have been some thoughtful answers. I agree you need to be realistic about your needs in a boat and all that. Here is a tip. Before you buy, go to New Zealand or Australia. There two thousand US dollars equals three thousand Aussie or Kiwi dollars. They have fairly strict Catagory 1 restrictions on boats that want to leave their waters to cruise to the islands each year.
Good luck....
philiosophy is offline   Reply With Quote
Old 26-12-2017, 14:42   #37
Registered User

Join Date: Jul 2017
Location: Chemainus BC
Boat: Camano 41
Posts: 286
Re: How much boat can I afford?

Would take your Soling 27 over a wetsnail 32 any day also. I assume you have purchased cars? Would you rather have a 30 yr old XKE factory model over a 1987 Malibu that was tricked out? One is performance inbred, and one is performance enhanced. Your choice. People have stated in the past, you want to get there fast, or you want to get there? Look at the Cheoy Lee Clipper ketch for sale on the pages. Your choices will soon turn into your decision, and your ability to live with the choice.
Greg Mason is offline   Reply With Quote
Old 26-12-2017, 15:10   #38
Registered User

Join Date: Dec 2014
Posts: 600
Re: How much boat can I afford?

Quote:
Originally Posted by NedX View Post
This is great advice, and I will remember it. By your logic, if I splurge for 25k on a boat that sold 150,000 new I can keep it running for between 5 and 10 years with what I got left, and there's my answer. And since I sail a small boat pretty much every day I'm near water and it's blowing less than 30kt, I agree with your philosophy on that, too. Thank you!
thats the way

An older boat you might replace half to all of what you see, but then it should be good for 6-12 yrs. On that philosophy a boat with good bones that is due for a refit makes good sense.

For the most part the fitout between a 30ft and a 38ft, costs about the same. Then by particular systems, the engine about doubles, the rig add 50%, paint by area, etc.
__________________
'give what you get, then get gone'
ZULU40 is offline   Reply With Quote
Old 26-12-2017, 15:12   #39
Registered User

Join Date: Dec 2017
Location: The Gulf of Maine
Boat: Bavara 37/Soling 27
Posts: 284
Re: How much boat can I afford?

Quote:
Originally Posted by Don C L View Post
Welcome aboard Ned. On the face of it 100K can buy a lot of boat. But as someone said, where are you going with the boat? The more specific you are with plans and your skills and your preferences, the easier it is to answer the question. After the 100k is spent, how much cash flow will you have to maintain you and the boat?
If someone handed me 100K and said go get a 32 footer I'd be thinking of a really well-refitted older boat, one that was well-built originally as well, and performs the way I want for the places I intend to go to. The boat to get is the one where someone had maintained the boat well and prepared it well and then changed their mind. Everything new on that boat will come at a dramatically discounted price. Personally, I'd be thinking I'd spend only half of that or less and put the rest in the bank. Just as an example I might look for a Rhodes 41 (which really is a 32 footer stretched) or on another spectrum, an S&S 34, a but then I am partial to older boats .....but that is just ME. So much of what is loaded in your question has to do with you, and that we don't know much about.
Thank you, this is another thoughtful answered I appreciated. There's a little about me on my bio, and I've been answering questions as they come up: The more of you I hear from the better it'll be. This is a first boat to own for an experienced and educated coastal sailor who plans to do that forever, starting with baby steps of living on the thing and going up and down the waters he knows well (New England), then gradually move on down...and over, maybe.... I actually know what boats I like, but I don't know anything about the economics of owning instead of sailing. That's where my question about initial cost to longer term outlay comes in. And that's why I'm here listening to you.
NedX is offline   Reply With Quote
Old 26-12-2017, 15:14   #40
Registered User

Join Date: Dec 2017
Location: The Gulf of Maine
Boat: Bavara 37/Soling 27
Posts: 284
Re: How much boat can I afford?

Quote:
Originally Posted by ZULU40 View Post
thats the way

An older boat you might replace half to all of what you see, but then it should be good for 6-12 yrs. On that philosophy a boat with good bones that is due for a refit makes good sense.

For the most part the fitout between a 30ft and a 38ft, costs about the same. Then by particular systems, the engine about doubles, the rig add 50%, paint by area, etc.
and then after 6-12 social security kicks in and I've got my uninterrupted income source, right? er, right? (Thanks!)
NedX is offline   Reply With Quote
Old 26-12-2017, 15:17   #41
Registered User

Join Date: Dec 2017
Location: The Gulf of Maine
Boat: Bavara 37/Soling 27
Posts: 284
Re: How much boat can I afford?

Quote:
Originally Posted by philiosophy View Post
Hi Ned, There have been some thoughtful answers. I agree you need to be realistic about your needs in a boat and all that. Here is a tip. Before you buy, go to New Zealand or Australia. There two thousand US dollars equals three thousand Aussie or Kiwi dollars. They have fairly strict Catagory 1 restrictions on boats that want to leave their waters to cruise to the islands each year.
Good luck....
I've never heard a better excuse to finally get to Australia. Of course, then I'd really have to get serious if I ever want to come back to the States. Thank you!
NedX is offline   Reply With Quote
Old 26-12-2017, 17:15   #42
Moderator
 
Don C L's Avatar

Join Date: Sep 2014
Location: Channel Islands, CA
Boat: 1962 Columbia 29 MK 1 #37
Posts: 12,525
Images: 58
Re: How much boat can I afford?

Quote:
Originally Posted by NedX View Post
Thank you, this is another thoughtful answered I appreciated. There's a little about me on my bio, and I've been answering questions as they come up: The more of you I hear from the better it'll be. This is a first boat to own for an experienced and educated coastal sailor who plans to do that forever, starting with baby steps of living on the thing and going up and down the waters he knows well (New England), then gradually move on down...and over, maybe.... I actually know what boats I like, but I don't know anything about the economics of owning instead of sailing. That's where my question about initial cost to longer term outlay comes in. And that's why I'm here listening to you.
I understand you are asking about economics, but as soon as you said New England I thought of this boat that Scout just brought to this other thread... maybe something to consider? Post #891
http://www.cruisersforum.com/forums/...147098-60.html
__________________
DL
Pythagoras
1962 Columbia 29 MKI #37
Don C L is offline   Reply With Quote
Old 26-12-2017, 17:27   #43
Registered User

Join Date: Mar 2013
Location: San Diego
Boat: Jeanneau 349, FP 47, Sense 50, J 42ds
Posts: 750
Re: How much boat can I afford?

On a used boat that I intend to cruise Id start with the engine. I am not mechanical so I want the engine in perfect shape. Assuming late model engine Id have every fluid, belt, water pump">raw water pump replaced. I would then look at standing rigging. If more than 20 years old Id replace. Id replace the batteries if more than three years old. If the boat hasnt been cruised plan on upgrading the anchor and ground tackle. A survey will list all the things that need fixing. You may be able to get seller to finance. Buying a project boat if you have neither the skills or the time is generally a bad investment. Id check the electronics. Does it have what you want. You can get lots of ten to fifteen year old boats for 60k or so. Fifteen year old electronics are generally ok but I would add AIS. If it were me Id budget 60-70 k for the boat and 20-30k to cherry it out... and understand everything boat takes longer and cost more.
Zzmeyer is offline   Reply With Quote
Old 26-12-2017, 17:49   #44
Seaman, Delivery skipper
 
boatman61's Avatar

Community Sponsor
Cruisers Forum Supporter

Join Date: Jan 2010
Location: PORTUGAL
Posts: 29,035
Images: 2
pirate Re: How much boat can I afford?

Someone gave me $100K I'd buy this..
https://www.apolloduck.com/boat.phtml?id=536450
fit new keel bolts and go sailing..
__________________

It was a dark and stormy night and the captain of the ship said.. "Hey Jim, spin us a yarn." and the yarn began like this.. "It was a dark and stormy night.."
boatman61 is offline   Reply With Quote
Old 26-12-2017, 20:04   #45
Registered User
 
Scout 30's Avatar

Join Date: Oct 2014
Location: Florida
Boat: Scout 30
Posts: 3,112
Re: How much boat can I afford?

Quote:
Originally Posted by nwdiver View Post
If it is an old boat buy something that someone else has already poured money into fixing it up, they will never get what they spent back, you pouring 60k into a 15k boat makes a 30k boat, buy one that someone else has made that error.......it's not an error IF you do it and plan on keeping it for many years......

I see people buying a 10k boat putting 30k into it and thinking they can get 45k for it, in the real world this does not happen........they think thier labour is worth something, unless it's a shipwright doing the work in thier down time it's worthless.......and a good shipwright would never make that mistake.....
This is a good post. Don't get in a hurry. Find a boat that someone has poured their heart & soul into. They are out there. DO NOT BUY A FIXER UPPER! The amount of time it takes to refit a boat cannot be over-estimated. The amount of money it takes to refit a boat is always under-estimated. The return you'll get for saving that old girl that seemed like it was too good a deal to pass up will be pennies on the dollar.
Scout 30 is offline   Reply With Quote
Reply

Tags
boat

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Still using the excuse you can't afford that boat? SV THIRD DAY General Sailing Forum 127 23-07-2016 04:20
How much can I responsibly afford to spend? D-Vector Multihull Sailboats 90 16-02-2016 14:52
Can I afford a Monohull boat? youngavidsailor Monohull Sailboats 18 20-01-2015 20:02
New Sails . . . if You Have to Ask, You Can't Afford it ! Alm0d0g Deck hardware: Rigging, Sails & Hoisting 19 16-07-2011 15:18
What Can We Afford After Retirement ? jamiecrab Liveaboard's Forum 58 26-10-2010 18:52

Advertise Here


All times are GMT -7. The time now is 15:30.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.