Buying a boat from a non-profit. Charter agreement?

[brentonodon]

Originally Posted by jeffgauvin

My first and current boat, a 30 foot Islander, was a Boy Scout donation boat in the SF Bay area as well. The broker lived on his sailboat in Sausalito. Might be the same guy. I was told that due to insurance reasons I couldn't do a sea trial and almost walked away. Everything I ever read said a sea trial was a must. Nonetheless, the boat seemed very sound, and was a great price (much less than you would be spending). I got it inspected, rolled the dice and bought it. I have owned her now for 14 years and it has been a great boat for me. I know it was a big risk but it worked out for me, but again, it was not much of a financial risk as it was so cheap. Hope that helps.

jeff

Did you buy it with a charter agreement? If so, did you have any issues with insurance or finding a slip?

[Lazydoh]

I bought my Ericson 30 this way. No regrets. As was said the sale must be this way so the original owner who donated the boat can get the right off. As an added benefit to you, your final payment, usually 1/3 minus your deposit is what you'll be taxed on when you register it. Everyone wins. Go for it!

[jeffgauvin]

I don't recall any charter agreement.