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Got ripped off!

Old 09-22-2020, 02:45 PM
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Default Got ripped off!

My husband and I purchased our first boat. We didn’t know what to look for blindly jumped in. Needless to say we were completely lied to ripped off losing thousands of dollars. Before the boat was sold to us by an individual it was sold as a “fixer upper” from a dealership. I know the dealership sold it for less than 60% of market value but I don’t know exactly how much they sold it for. Is there a way to find out that information? It’s not on the boat history report.
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09-22-2020, 03:17 PM
kevincook
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So you acknowledge you purchased a boat with no knowledge but some how it is someone else's fault?

You will be fixing things on a 20 year old boat constantly, that is normal.
Old 09-22-2020, 02:52 PM
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If you purchased this boat AS IS (or without any type of written agreement) there is nothing you can do.
Your research wont bring your money back.
Sorry that you guys got screwed.
Old 09-22-2020, 02:56 PM
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That’s really not a lot of info. What type of boat and what’s wrong with it?
Old 09-22-2020, 02:58 PM
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I can't imagine a 22 yo old boat would need some work.
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Old 09-22-2020, 02:59 PM
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See 1998 Cobia 256 Deck Boat HELP!!! I guess
Old 09-22-2020, 03:12 PM
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Like I said. First boat purchase. No need for unnecessary comments. We know now what we should have done. Have documentation that boat has NO problems. Things we’ve repaired so far...new throttle,new cables, new batteries, gauges, radio and 2 way radio not working, kill switch not working...just to name a few. Now just found out cylinders are bad in the motor. Dealership stated that the person who sold it to us knew all of this information but did not disclose it.
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Old 09-22-2020, 03:13 PM
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Oh and it has some soft spots.
Old 09-22-2020, 03:16 PM
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Originally Posted by Angelk View Post
Like I said. First boat purchase. No need for unnecessary comments. We know now what we should have done. Have documentation that boat has NO problems. Things we’ve repaired so far...new throttle,new cables, new batteries, gauges, radio and 2 way radio not working, kill switch not working...just to name a few. Now just found out cylinders are bad in the motor. Dealership stated that the person who sold it to us knew all of this information but did not disclose it.
What do you intend to do with any information you gather?
Old 09-22-2020, 03:17 PM
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So you acknowledge you purchased a boat with no knowledge but some how it is someone else's fault?

You will be fixing things on a 20 year old boat constantly, that is normal.
Old 09-22-2020, 03:19 PM
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Originally Posted by Paul Barnard View Post
What do you intend to do with any information you gather?
i don’t know. I guess I’m just wondering how much money we lost.
Old 09-22-2020, 03:21 PM
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Originally Posted by kevincook View Post
So you acknowledge you purchased a boat with no knowledge but some how it is someone else's fault?

You will be fixing things on a 20 year old boat constantly, that is normal.
when the person states the boat runs great and has no problems at all, I would think they would have mentioned one of them. It’s just being an honest person. All of these problems were given the the person we bought it from by the dealership.
Old 09-22-2020, 03:22 PM
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Originally Posted by Angelk View Post
i don’t know. I guess I’m just wondering how much money we lost.
All of it! will cost more to fix than it is worth. I am assuming that you can't do any of the work if you couldn't tell if a radio or gauge was working you definitely will not be able to repair the engine. Mechanics are expensive and if you think you got ripped off now wait till they get the motor apart.
Old 09-22-2020, 03:30 PM
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This is pretty common. It seems a few times a year someone buys a boat without a survey or sight unseen and gets ripped off. They seem to find this site after the fact so they can post about it and ask the same question over and over which always has the same answer no matter how special they think their situation is “as is where is” no state defaults to implied warranty and court will just be good money after bad chasing a he said / she said case.

OP sorry you got screwed, it happens. I got screwed on my first boat purchase. This site has a lot of helpful knowledgeable people. If you are interested in fixing the problems just post them up here one at a time and people will help.
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Old 09-22-2020, 03:31 PM
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Originally Posted by Angelk View Post
i don’t know. I guess I’m just wondering how much money we lost.
How much did you pay?

That’s how much you lost. Boats are an expense not an investment.

If you want to pour salt into your own wounds, you could ask the dealer what they sold it for.

But if you bought a 23 year old car (instead of a boat) what would you have expected or done differently?

Do you have a sales agreement or an advertisement for the boat that said everything is great? You could try small claims court but good luck if sold as is.
Old 09-22-2020, 03:35 PM
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Need to leave the dealership out of this.

They sold the boat and disclosed to the buyer. Said buyer flipped it to you, likely for more, making it your problem and not his.
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Old 09-22-2020, 03:52 PM
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Why not name some names.... Put the name and address of the seller up on THT.... Sometimes a little embarrassment / peer pressure may get u more than a lawsuit .
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Old 09-22-2020, 03:58 PM
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It's your first boat. Relax. There's a learning curve. I just bought a boat that "runs great" when it actually doesn't and I still feel like I'm the one that screwed the seller.
Old 09-22-2020, 04:17 PM
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the dealer is the innocent party, sold the boat as-is to off load it because it needed more work than they wanted to do and more importantly not sell a boat they couldn't stand behind
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Old 09-22-2020, 04:24 PM
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If you’re worrying about loosing money on a boat you picked the wrong hobby to get into. Seriously either fix the boat and enjoy it , or dump it and stop the bleeding. Boats are typically a loosing investment in one way or another
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Old 09-22-2020, 04:27 PM
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A hard lesson but think about it no one buys a 22 year old car and expect not to fix everything. I have one of those ('98 Jeep) and every year fix a few things but I've owned it since new! Boats are in general more prone to damage from sitting, improper storage, etc than vehicles are. I had issues with our first boat too, the mechanical ones were easily resolved but the structural ones (rot repair) were extensive and expensive. So I bit the bullet and did what I could and what was beyond me paid a 'glass repair shop to do. Bottom line I'm still using the boat all these years later. The stringers/deck were done back in 2007.
Lesson learned: I would not buy another old boat, not unless I saw it redone! For me 5 years old or newer. That's my lesson for the day.
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