Financials of buying an older boat

[jimp1234]

First of all I realize that talking about "financials" and "boat buying" in the same sentence may be the ultimate oxymoron. And it may even be a worse association when discussing the purchase of a 25 or 30 year old boat. Being that as it may and if I'm not being too nosy I'd really like to hear about the "numbers" from folks that bought an older boat (particularly a cruising boat) kept it for 10 or more years then sold it.

1. What make and year boat did you buy? How long did you keep it? When did you sell it? What did you buy it for, and what did you sell it for?

2. Was the boat in good condition or a "project" boat? If a "project" boat how much did you put into it to bring up to speed?

3. How old were when you bought the boat?

4. During the time you owned the boat what refits did you do, and more importantly what refits were needed because of the age of the boat (versus the age of the system you were upgrading).

5. Lastly, would you do it again (particularly do you wish you'd bought a newer boat)?


TIA

-Jim