Re: Am I out $3000 plus or is there something we can do?
We did pretty much the same thing a few months ago- not knowing better, we bought a boat in March without putting it in the water. He wanted $2500 and we talked him down to $1800 cash. It sounded really good on the trailer, and we didn't have a clue of other things to ask about, look for, or look out for.
So the family boat we had hoped to put in the water the following week has now been in the water 3 times, and limped back to the trailer twice- towed back the other time... and we still don't have it all figured out yet.
I know I need to replace the raw water pump innards and the outdrive impeller.
I'm sure it would be beneficial to replace the distributor cap, points, and plugs.
But it runs poorly, then runs better, then runs poorly again- and NEVER runs really great like I feel it should. So I'm trying to get a boat-savvy friend to look at it to determine where the power problems are.
My wife is disillusioned, and I'm facing a big learning curve. Probably the biggest challenge for us is the money involved- just having the money for a new impeller kit or to replace the spark plugs is a lot for us right now. And most of all, to prioritize, rather than throwing money and parts at it in a process of elimination.
Then, at the end of this season, I expect to rip the floor out and start rebuilding everything under the floor. The boat is a 1988 and has a few soft spots, so I expect the more we look, the more we'll find there. I've been reading the restoration threads here as much as I can, and learning quickly.
I don't mind doing any of this; but with us like many others, it's a matter of generating the cash to follow through with it to completion. We also have many family obligations, and this hobby is a ways down the priority list (regardless of where I'd LIKE it to be). I'm hoping things have improved financially by September or so when I'd like to begin rebuilding it.
I hate that your purchase was misrepresented to you as it was. I'm not sure what your legal options may be, but for me, I bought our boat used, and it's ours now, so I'll roll with it and do what we can to improve it with sweat equity on a meager budget. I feel like a used boat costs money to maintain, and a new boat costs money to pay off, but at least this way I can put it on hold when we can't afford it.
Best of luck to you and your family, and I hope things work our for you.