Smart Purchase?

[Vector501]

I recently purchased a cabin cruiser from '69 and wondered if it was a good buy or not. The owner just needed to get rid of it. It is a 22 ft. cabin cruiser with an in-line 6 chevy motor 1990 and the engine runs good. It needs a heck of a lot of cosmetic work, rewiring, paint top and hull, carpet, and seats. Also needs steering and hydraulic work for engine and bow planes. I paid $1500.00 for boat and trailer and would like opinions on whether this was a smart move or not. I have the free time to put into it just would like to know if it would be worth the time and energy to restore. Thanks Here's the picture of it I finally figured out how to post it. Has anyone seen a boat like this before?

Thanks again

 

[JB]

Re: Smart Purchase?

Really too late to ask, isn't it, Vector?<br /><br />When you have it redone and total up your cost and the value, you will know.<br /><br />Good luck.

 

[bossee]

Re: Smart Purchase?

Post some picture of the boat and engine.

 

[Vector501]

Re: Smart Purchase?

How do I post a picture on here? Sorry I'm an amatuer

 

[CCrew]

Re: Smart Purchase?

Is a boat EVER a smart buy?? <br /><br />-Roger

 

[Lark40]

Re: Smart Purchase?

Look at it this way: You have sent in a deposit and will be paying tuition for several years. In return you will learn enough to become an authority on all aspects of that boat.

 

[BR549]

Re: Smart Purchase?

Was it a good finacial move - that's easy, No. But if you don't mind putting in some work and money to a new hobby it can be very rewarding. I just finished restoring a 1965 Seafair Sedan and I stopped counting how much was spent after the first couple of months. I don't regret it for one second - always get comments when out on the water.

 

[Vector501]

Re: Smart Purchase?

Thanks everyone. I appreciate the support

 

[JasonJ]

Re: Smart Purchase?

If you enjoy fixing up old things, and modifying things, then your decision was a good one. Working on old boats are not that bad, and when you are done, you still spent a fraction of the cost of a new boat. Me, I have a whole bunch of fun knowing I didn't spend 20,000+ for my boat. Heck, I have about $2500 in mine, and I have all sorts of fun not making huge monthly payments...