Should I Buy this Boat ?

[SabreKai]

a brand new Beta Marine 38HP will set you back about $10k plus what ever duty and taxes you need to pay. Hard to tell what the condition of the electrics is, but I'd say if you are a young lad, with a steady job, I for one would take the chance If I could snag it for under $8k. As others have mentioned, it may end up a pig and you lose, but if not, you will have a beautiful boat with application of the due amount of sweat labour.

I have to admit that the $890 dollar a month slip fees just about caused my heart to stop, but I guess that's what its worth in that end of the world. ouch.
As said however, if you can pick it up cheap, make sure the hull is ok and the deck don't leak, you can ditch your apartment or house and pay the money for a slip instead.

I like the looks of her. If I was 30 years younger, I'd be bidding myself.

[sdowney717]

Marina would want her out ASAP

So then take it to a workman's marina, where people fish and crab for a living. They wont be complaining about $100 per month slip fees and free electric and water like I have.
Unless your all about looks, styling and profiling, external things, or are you a serious boater? I will take honest working folk anyday of the week over the alternative.

[Sand crab]

FWIW a new engine or completely rebuilding a used engine will cost $200 to $400 per 1 horsepower assuming complete R&R. Diesels are really, really, really expensive. BOB

[boatman61]

You could always do what folks here in the UK/Europe used to do years back... buy a small diesel car engine from a breakers yard and marinise it... back then tho' it was mainly petrol...
Worked then and saved a lotta cash...

[David_Old_Jersey]

Originally Posted by sdowney717

So then take it to a workman's marina, where people fish and crab for a living. They wont be complaining about $100 per month slip fees and free electric and water like I have.
Unless your all about looks, styling and profiling, external things, or are you a serious boater? I will take honest working folk anyday of the week over the alternative.

+1

The point I was making to OP was to line up the move (and costs) before the bidding closes, whether via land, by tow boat or under sail (and maybe a temp o/b on the back or a mate in a RIB etc)........and / or agree a temporary deal with Marina in advance..........running up high (and unexpected) Marina charges from day 1 will quickly take the fun out of a low winning bid

BTW not saying anything against about doer upper boats or owners (got one meself ).....we both sit happily in a drying harbour - in the mud , but if I was running that Marina (with higher end boats) I would not want a refurb boat (or me!) amongst them for the simple commercial reason of not being the image that many of the other owners would feel comfortable with. Plus the noise / mess and simply making the place look untidy

[zeehag]

good idea to the worker marina idea..
she is a pedrick design and mostly cosmetic damage from fresh and/or salt water ingress. needs 4-108. those are not either hard to find nor expensive. looks like perkins 4-107 parts -- heat exchanger-- and might need a tranny also. that and some protection on th e teak interior where rain came in, and on the masts, after epoxy penetration. good boat. interior damaged teak is only cosmetic not rot .
if you like the pedrick design, she is awesome and sails rather fast. the pother cheoy lee 41 is like my formosa-- fat, teaky and heavy. i believe ther ewere 3 or 4 designers for cheoy lee in the late 1970s
perkins 4-108 can be found rather inexpensively almost anywhere-i know a factory rebuild is 4985 or thereabouts, as was quoted to me when i sought to purchase one.
marine man in sd wanted almost 5000 usd also. i found mine for half that. runs good also. mine was installed for 3 loaves of bread. not too much money considering the replacement value of the boat after completion.

important thought when repowering is the stringers-- pedrick has a smaller engine room than many boats, therefore one should consider this prior to repowering with different engines--as engine room will need to be modified.

[capttman]

how handy are U? only a bargin if you do all the upgrades

[zeehag]

or you have barter goods....

[Boracay]

You shouldn't buy this boat (or any other) unless you know fully what your aims, plans and dreams are, thoroughly researched the market, worked out how long it will take to get the boat serviceable and fully costed it and several alternatives.

Every marina and mooring field here is chokers with boats that were brought on impulse, then the owner has found they don't fit with their circumstances, plans, dreams and/or budget. They never move, the owners never set foot on them.

[rynegold]

Wow.... thanks to all who have posted to my topic with such good advice/warnings (and those warnings are appreciated too).

First off, it's now (that 'boat') $12k and, I can say without question being an old ebayer, that it will fetch another 1/2 as much by the end of the auction. So at $18k and still in need of (thanks to u good people) another 7k including installation of a running diesel engine, not to mention all the refit/repair, it's an easy 25k and you've not even addressed any other problems the boat has.
Adding insult to injury it seems that the slip is $890 a month (California prices...) so it would mean finding a new slip, doing even patch-fix engine repairs and.... a trip through the Panama Canal just to get it to Texas~! I'm not doing that.... it would shorten my life.

I'm good at repairs and hands on work... but I live 1.5 hours from the nearest slip to accomodate such a vessel. All that and still working at a regular job, even though self employed = stress!!!!

No; time to rethink this and; leave said boat alone. At least THIS said boat; there are other 41's out there and of course as has been pointed out, more modern boats that need less work.

Thanks to all who've posted for the reality check!

regards, mitch

[Capt Phil]

For what it's worth, get a surveyor or competent, experienced marine type to go over the boat before closing the deal... I was caught in a hurricane in one in 1983 and was amazed at how well she (and me) came through it. One tough little boat from my experience but the devil is in the details when purchasing a teak over ply deck of this vintage... good luck... Capt Phil

[David_Old_Jersey]

Originally Posted by rynegold

No; time to rethink this and; leave said boat alone. At least THIS said boat; there are other 41's out there and of course as has been pointed out, more modern boats that need less work.

Thanks to all who've posted for the reality check!

regards, mitch

I think (for the reasons you outlined) a wise decision.

[kolbywhite28]

Before you buy that boat you must check every surface, machines, the paint, and other interiors of the boat so that your money wont be waste into nothing even though it's in cheaper price but must be wise.

[simonmd]

Originally Posted by rynegold

No; time to rethink this and; leave said boat alone. At least THIS said boat; there are other 41's out there and of course as has been pointed out, more modern boats that need less work.

Thanks to all who've posted for the reality check!

regards, mitch

Think that's a wise choice. The hull looks very good but everything else will eat money. Even the masts need to be removed and refinished, a few grand there just for those.

A tip for any future boats for you, this boat does have fitted covers for almost everything, that's always a good sign and at least shows that she was well looked after at one point in the recent past.

[SabreKai]

Originally Posted by rynegold

First off, it's now (that 'boat') $12k

umm did you even go look again? I was just there and its $8900 with 16 hours 20 minutes left to run.

just curious.