View Poll Results: Turnkey or Project Boat?

Turnkey is the only way to go

45.95%

Get the Project and customize it your way

13.51%

Stop creating threads and buy the &%# boat! :-)

40.54%

Voters: 74. You may not vote on this poll

Turnkey Boat vs. Project Boat

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01-09-2006 | 03:03 PM

#21

t500hps

21 and 42 footers

Joined: Sep 2004

Posts: 8,207

Likes: 146

From: Richmond VA

Re: Turnkey Boat vs. Project Boat

I have bought a couple boats that were small projects to clean-up use and re-sell. F-that! It gets old and you always spend more money and ALOT more time fixing them up than you anticipate.
BTW: i didn't vote for the turnkey.....#3 is going to winn al the votes!

01-09-2006 | 03:08 PM

#22

Steve_H

Guest

Posts: n/a

Re: Turnkey Boat vs. Project Boat

Quote:

Originally Posted by beachbob

That scarab is nice but its not worth anywhere close to 45,000 check the book value and add 20k still should be less then 30k. engines aren't fresh either..My .02 cents keep looking.... If your not gonna be doing any of the rehab work yourself buy a turnkey boat or you could have problems.. when u should be out there crushing some waves ....

so book value is less then 10K?
what book are you reading?

Last edited by Steve_H; 01-09-2006 at 04:00 PM.

01-09-2006 | 03:37 PM

#23

Clay Washington

Thread Starter

Registered

Joined: Dec 2000

Posts: 6,986

Likes: 0

From: Austin, Texas

Re: Turnkey Boat vs. Project Boat

Steve,

I believe that Bob is saying that it would be tough (if not impossible) to get a bank to loan me $40K for a 1989 31-foot Scarab. I could probably get a loan for $25K and have to come up with $15K in cash.

I could probably borrow $15K for a 1988 29-foot Fountain and spend another $10K making it look "super clean". I just have to decide if I want to go down that road...

01-09-2006 | 04:01 PM

#24

lightspeed

Gold Member

Joined: Mar 2004

Posts: 1,948

Likes: 15

From: Cape Coral fl

Re: Turnkey Boat vs. Project Boat

I Bought And Sold 8 Boats This Past Summer But I Do All The Work My Self. Its A Tough Call Scarab Is Nice But Too Much Money So Rule That One Out.The Fountain Is Nice But Its On The Old Side And It Needs Glass Work Paint And Interior Your Lookin At A Few Bucks There .If I were You I Would Keep On Looking A Deal Will Pop up Cause If Its A Good Deal I Will Be there To BUY It If I Come Across What You Are Lookin For I Will Let You Know ..Hows The PLAYMATES////////If You Are Lookin For Outboards I Have A Super mint 26 CORSA twin 200 Mercs On A Bracket Large Sun Pad Runs 80 All Day Long For 20K

01-09-2006 | 04:02 PM

#25

Steve_H

Guest

Posts: n/a

Re: Turnkey Boat vs. Project Boat

ok, that makes sense.

01-09-2006 | 04:52 PM

#26

OldSchool

VIP Member

Joined: Dec 2001

Posts: 10,397

Likes: 402

From: Cape Coral, Florida

Re: Turnkey Boat vs. Project Boat

Buy a turn key boat that is ready to go. Unless you LOVE doing that kind of thing (fixing up old stuff), it's always a joy to finish a project...but you NEVER get any return on your investment (especially if you count the hours of your time).

If you buy a turnkey boat, make sure that it's turnkey!!! It's easy to put a dress on a pig, but it's still a pig!!!! Too many people have bought what they think is a nice older boat...only to be replacing an engine or other major things within a short time.

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