This guys dreaming
 

Even with the trailer its not worth the 19k, you could put a 100k in it and still not be on the water

https://www.ebay.com/itm/1992-42-cigarette-revolution-hull-go-fast-speed-boat/254826623017?hash=item3b54d9b029:g:It0AAOSwg~lertG 1:bong:

All in the eye of the beholder. Seems like it's in relatively good shape so probably not that far off the mark. Now, the guy who was selling a P29 Scarab last year with no motors for like $39K, he was dreaming.

that thing has been on and off ebay for atleast a year now

There's a thread on here from the guy that restored it originally. Had 6's and big power. SUPER nice. Forget what happened and why it ended up the way it sits now. Maybe illness?

What needs to happe to it is cut the deck off, make a CC and throw triple 400 mercs on it.

There's pics floating around of a maroon Revolution this was done too and it looks really good.

Who’s crazier? Hahaha

https://www.offshoreonly.com/classif...ss-o79326.html

There are many people with more money than brains, but everyone has to learn for themselves. I guess if you have more time and resources than money maybe it is the way to go. As we get older hopefully we get wiser, today I look at it differently than years ago, now I think for everyday I am working on it, it is a day I could have been boating. There is enough to do just to keep them running and looking good. Well at least whoever buys them will know they got what they wanted when their done. :boat:

Very well said! I love working on boats but not when it’s summer and years away from hitting the water. Projects are good for spring in fall but you have to have a back up for the summers. That doesn’t even touch on the dollars :o

The guy selling that ruthless RR in the OSO classifieds is also dreaming......

I have noticed looking thru craigs, fb marketplace and various other places... its not just boats with dillusional prices... There is a LOT of stuff out there, music gear, guitars, pa stuff etc, atvs, dirt bike sleds, all sorts of stuff...
In the middle of a pandemic, people should be hurting...but if you go into your favorite pawn shop, or used music store etc, the shelves are bare.

I totally get the allure of some
of these projects and seeing the potential. I totally see what it could be. If I only I had a money tree!!!

I think some of these “projects” have reached their expiration date and they’re past the point of help for a lack of a better explanation. Some would be literally difficult to find someone to GIVE them to that’s willing to restore them let alone buy them. But the allure and potential is there. So they’re for sale.

I swear if I was a billionaire I’d go around and restore all these boats just on principal!

I alway like reading this type of opinions on restoration cost and final value... of course there is different types of resto/ cost of resto vs market value... lets say you have a project like my chris cat... lets say i will have 60k in it after paint interior and powertrain with regular refreshed 500 or 525 and bravos... and will be done exactly how i want it. And someday i will sell it ...30-40k? So a 20-30 k lost on a couple year... if lucky sell it 50k and loose 10k?

or , IF you have the mean you can buy a somewhat new boat for...300-400k and ... i think it is more possible to loose 100k or more like 200k when selling back a couple years after, and this could even be lost in just a year or 2!

as stated above, i have my sonic running so the resto is not a rush and still can enjoy boating all summer!

I sure am not the only one who cant afford a new one but restoring gives me a way to get pretty much what i want!

so i get the " you wont get back what you have into it! On a resto. But would you honestly think and say a new or close to new boat wont loose value and dont have a depreciation? I think both will loose value, but you cant loose 200k on a refurb 60 or 100k boat, right?

Am I the only one that thinks it'd be cool to have to drive that road every day and see that on stands right next to the road like it was parallel parked there?

Hold my beer buddy .
I got $250+K into a 80`s Flat Deck
.

Yes, but you have and awesome Flat deck. :cool:

It's all relative. The guys that buy a brand new boat can afford to lose the "off the lot hit". Just like the most guys that are gonna lose tens of thousands from upgrading and restoring can technically afford it and the hit probably feels the same in the big picture.

It's a cruel irony - Those that can actually afford to dump the money that is truly needed into these restores with out a problem, just buy new boats that need no further money. The guys that actually can't or shouldn't be spending money after they buy a boat because of budget, can't afford a new boat and buy used which keep milking money.

At least this one is a bit more rare.
https://longisland.craigslist.org/bo...270641724.html

I'm just not sure where to install the dryers. :lolhit:

I offered my Tiger to a few people at 285k obo, i have 3 times that in it, every nut and bolt has been redone.. i still get the same few guys that say no way, its a 20 year old boat, but i tell them to build it brand new, its over a mil, and where can they find new, mid 90's reliability for that price on a trailer... tire kickers they are... budget ballers.

Exactly, fine balance that'd be hard to calculate.

My guess is next to the graffiti in the cabin. WTF

I really admire the owners that bring a boat back to life as there always are unknowns and extended timelines. Four years ago i began a project to update a boat I owned including some minor structure work, new to me sorta rebuilt engines and a redo of the cockpit interior. Early in the project I was hospitalized for four days and with nothing to do I seriously started figuring out material and hired labor costs plus a timeline. On the second day reality set in and I placed a for sale ad on Powerboat Swap Shop and sold everything as is at a loss but a significantly less loss. The buyer sold everything a year later and the next owner talked to me about converting to outboards but the project still sits. One of my favorite photos is that boats stern as it's being hauled out of town.

It’s all relative is the main key.

If it’s a hobby, you can afford it, it’s therapeutic....etc.

But to not lose money?
That is very difficult to do.

I do all my own work (one reason I stick with OBs) and have a repair biz so get supplies at cost.
If I call my labor therapy......., I can come close.

But Ill never forget what my old man told me 50 yrs ago.
We/he had s ‘50’s era, 39’ wood cabin cruiser for sale.
Spent yrs setting checks on fire keeping it running before giving up.

He listed for sale cheap.
I was a teenager w/no money but was in love w/that boat.
Got down to a couple grand and I thought he should give it to me.

When I pitched that idea to him he said, “son, if I gave you that boat for free, you still couldn’t afford it.”
And he was right.

I guess when you think about it almost everyone on here has completed some type of update or restoration on their boats, unless they bought them new, even then they are usually changing something. It is the nature of most hobbies. I am sure everyone here said, "I will buy it and just drive it for a while" then after the first outing the itch began. I don't think I had mine in the water for 1 hour before repainting, buffing, re-doing drives etc. It is kind of a Love/Hate relationship, so as long as love is there you don't mind spending the money. We all hate it when we loose though.

I do all my own work outside of machining and I cant imagine taking on this boat, but it would be cool to see it put back together
1. trailer 10k
2. engines 35-40k
3. exhaust 15-20k
4. boxes 8k
5. drives 20-24k
6. dash 5k
7. wiring ??
8. engine mounts ?
9. unknown 20k..........lol

I've started two of these projects in the past. I kick myself for ever starting either, and will always try and talk someone out of taking that path. The time that it takes to do any of this is enough that someone should really stop and think, do I want to spend the next 4 years working on this? I could spend 8 hours on projects on either of the Scarabs I was working on, and at the end of the day think," is that all I've accomplished today?" Like Intercepter, when I was working on the 43 Scarab, and the rot would not stop popping up, I thought, how much money do I have tied up in this POS. I went home and totaled up all the parts I had. $200k in parts, plus it would still need paint, a better trailer. Add another $40k on top of that. All for a boat that would at best be worth $75k. That was the last weekend I worked on the boat. Next weekend I looked at an Active Thunder, two weekends later I owned it.

It took almost 3 years to sell all of those parts, and I probably lost money on most of them. After a year of the AT I wanted more speed, thought about new drives and whipples for it, but that hull doesn't like modified power, so sold it and finally ended up with my 39 Cigarette. I'm exhausted just thinking back on those 3-4 years.

Anyone thinking they are going to save money with buying a boat like the one F2 posted is nuts. You are better off working a little more at your job if that is what you need to do, spending 1000's of hours trying to finish one of these boats is foolish. Out of all the project posts on here, only a few actually get finished. Hats off to those few!

we don't agree much, but spot on... people don't ever realize what goes into a restoration... adds up fast!! I literally looked at a 56 Cadillac today to maybe buy and get going, car has 22,000 miles has not ran since 1985, absolutely beautiful all original car.. I figure quick get going and flip, then think about fact engine may need redone, trans? Brakes? Tires? Exhaust? Adds up to be a eh deal. Gotta look at the big picture...

now if you have else's money and time? Go for it!

spot on. I have an affordable egg beater fishing boat on the lift for day to day boating, and a project boat in the garage for the “hobby”. I learned long ago that when you separate the project from being needed on the weekend it becomes fun again. If you start counting dollars you picked the wrong hobby!

Yep, projects can be a lot of fun in that scenario, plus you’ll learn a lot.

You have to use Marine Math, an offshoot of Man Math.
If applied correctly it works bigly.

Do you mean take your original estimation and then double it? If so, 100% correct.

.... and then you put the boat in the water, crank the engines and start feeding it - and then the cycle starts again.

https://cimg2.ibsrv.net/gimg/www.off...ccb4577fc9.png
Just start lighting the stacks on fire. At this point, boat parts (Good Ones) are priced so high and some are becoming scarce for particular applications. When you pretty much have a deteriorated falling apart starting point it becomes almost pointless to tackle a project like this. I could understand if the hull was in 5 out of 10 shape on a trailer with some useable rigging. But I think you would be better off being handed a mold, fiberglass and resin and start from there. Sometimes its easier to start from nothing then trying to fix millions of mistakes and neglect. Just my 2 cents and I have done my fair share of projects but......................

Hmm, sounds familiar... That's all?

....not there yet but I am catching up....

How many receipts get lost or forgotten during a project ? The only project I ever keep track of every penny spent was a large gut and rebuild a high end kitchen. Every receipt went into a box. I SH*T the day I totaled all the receipts.

Ya I can only imagine if I didn`t do 90% of my own work where the bill would be money wise .:eek: adds up quick.
I stopped counting at $260K. F uck IT! ,

CARPE DIEM!!!

Yep, that certainly helps and gives you more pocket change to buy spiffy parts. Got any lines on more of those whipples???

Your boat is sick.

I thought these boats were expensive until I started working on small yachts.
I signed a $15,000 detailing work order and a $12,000 bottom paint work order today 🤦🏼‍♂️

These guys buy new performance boats use them for 2 years and sell them at a 100k or so loss. But they boated every weekend they felt like, with a warranty in the latest and greatest they could get. I think “brace yourself” posted on here once he couldn’t afford to own an old boat lol

I get offered project boats all the time from customers ( I'm Ops Mngr at large Fla marina). My rule is it can only have 1 major issue ( bad motor, bad drive, interior, paint, ect), not a combination of problems. Picked up a really nice Velocity 280 on aluminum trailer as a personal boat. Excellent condition in and out, brand new interior, full hyd steering, sm exhaust, xr drive. Fresh 502 with bad head gasket. In the water a week after starting on it . Total investment, including repairs $7500.
https://cimg6.ibsrv.net/gimg/www.off...8b1a1eaa59.jpg
https://cimg2.ibsrv.net/gimg/www.off...e95af0559b.jpg
Just joined Team Velocity. Picked this one up last week.

Man that thing is beautiful!

case in point, the dude you bought that from had way more than $7500 into it. LOL.

nice score.