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does it make sense to repower?

Old 10-22-2010, 10:28 AM
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Default does it make sense to repower?

I have a 2001 23 ft Regulator with a yamaha 300 hpdi that will probably need to be repowered soon. I absolutely LOVE the boat and would be happy to keep it forever.

My question is from a purely financial standpoint does it make more sense to repower at a cost of 20-30k or sell the boat and take the money plus what i would of spent on the new engine and buy a newer used boat. The problems with this in my mind is that you never know what you are buying when buying used and i like the idea of a brand new engine.

Again i love this boat and if i sold it i would be replacing it with the same model just newer.
Old 10-22-2010, 10:34 AM
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I do like your idea of repowering. The boat you know is safer than the boat you don't know. I see positives though on both sides of your arguement. Its kind of one of those flip a coin deals if you ask me. But you did say you love your boat. If I loved my boat i would repower(I dont love my boat).
Old 10-22-2010, 10:37 AM
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Sell---- repower NEVER is worth it financially("done it twice"), "peace of mind" yes. Unless, you buy used engines,lower your costs, and, you can see yourself with this boat for 7 more years , sell and buy a newer with better power.But to go with new a new engine on the same boat you absorb all the depreciation.You can see that buying a set up boat is always "fiancially" more sound.
Old 10-22-2010, 10:42 AM
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Why the need to repower and if you do what can you get for a trade in on your old motor? There are a lot of shops that will buy them and rebuild them. If all else is in good condition and you are comfortable with it I would put a new motor on it if it was me unless I was going bigger or looking at a new boat.
Just my 2 cents worth,
Greg
Old 10-22-2010, 10:50 AM
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Why do you think the boat will need to be repowered soon? Does it have 10,000 hours on it or leave you stranded on a regular basis? My opti's are 01 models with 800 hours and the only reason I would like to repower is for more horses. Even then, I would buy used and sell the 150's and only have a little cost in the repower.
Old 10-22-2010, 10:50 AM
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Thanks for the feedback. Do you think it is reasonable to expect 7-10 more quality years out of this boat or am i going to start to run into lots of problems. At what point does the upkeep become a pain. Again the hull is in perfect shape currently.

Thanks for everyones input.
Old 10-22-2010, 10:53 AM
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Did a repower on my boat, couldn't be happier. Just took a deposit on it and didn't take a beating as the new power set mine aside from all the others.

I went from 200HPDI's to 200 Opti's and only cost my 6K to do it.

If the OP went to a 350 and sold his motor he should come out just fine when he sells.
Old 10-22-2010, 11:06 AM
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The boat should be the easy part over the next seven to ten years I would think, Regulator has a good name. IF you need to repower, like the boat and plan to keep it put a new motor on it. You know and like the boat and will have a new motor. I never really understood the get a newer used boat argument, if you like your present boat. When you do that you have an unknown boat and and unknown motor, I don't see the upside. That may work out it may not. I repowered a few years ago and many said buy a newer used boat. For the money I would spend on repower and selling the boat I would have ended up with an newer yet not new unknown boat with ten year old motors. I figured I would be looking at new motors sooner than later. It's all your decision - add up what you can get for your present boat in a crappy market plus the cost for a repower and see what is available and go from there perhasps it is worthwhile. I would think there are some good deals on motors out there now though. So you end up with your boat that you like with a new motor.

For what it is worth I am very plesaed with my decision to repower.
Old 10-22-2010, 11:15 AM
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Brand new 4.2 liter Yamahas are selling for around 20k ; can you get in a new boat you like, powered with what you want for that same money? As stated above..its rare when you regain what you put in a repower.

If you really like the boat, that $ delta would be my determining factor.
Old 10-22-2010, 11:36 AM
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Just went through same thing. Hard choices. Decided to keep the boat I love which is set up the way I want and go with new F250. I guess time will tell if we did the right thing.
Old 10-22-2010, 01:01 PM
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its so easy to spend other peoples money.
Old 10-22-2010, 01:36 PM
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again, why do you think you need to repower....problems with the existing 300?
You could put an opti or etec 300 on there for the 17-20K range easily.....no need to go any higher than that......if the hpdi is fine, run her until it dies.....
Old 10-22-2010, 01:51 PM
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To replace your present boat and engine with new would be 60k+. Repower would only be 20 maybe 25k. If you buy a new rig you will take the deprecaiton on both the boat and engine. If your happy with the boat and your present engine is still running good keep running it till it dies. Then decide on repower or new. At that time you may have different needs or situations that will determine how much $$$ you have to spend and what kind of boat you want.
Old 10-22-2010, 02:23 PM
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My current engine is doing fine but is finicky and i am just planning in my head what i would do if/when i need to replace it. I am also interested in how long a good boat (not engine) can last before it becomes a "project" assuming it is well cared for. All the discussion has been great and i appreciate the feedback. Hopefully i can get many more hours out of my current engine and it won't be an issue for a while longer.
Old 10-22-2010, 02:31 PM
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My boat is 27 years old and turn key at all times. If you have a good name, well built boat, you have no worries. Repower is the only thing that makes sense, both from a reliability standpoint and the financial one.
Old 10-22-2010, 04:56 PM
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Originally Posted by floridarob View Post
again, why do you think you need to repower....problems with the existing 300?
You could put an opti or etec 300 on there for the 17-20K range easily.....no need to go any higher than that......if the hpdi is fine, run her until it dies.....
People are used to seeing some boats with a certain brand of outboard engine and Regulator is one of them. You always want to have a Yamaha hanging on the back of it cause that's what the manufacturer has been installing for years and buyers expect it.

Put a different brand of outboard on there, especially any 2S, and you're going to have a very hard time selling it as the pool of interested buyers in boats with a 2S is considerably smaller than the same boat with a 4S.

And I think you would be very hard pressed to get an etec 300 hp, all new gauges and a new binnacle ( old ones are Yamahas ), rigging, tax, and prop for $ 17-20K.

Last edited by FloridaDan; 10-22-2010 at 05:56 PM.
Old 10-22-2010, 05:56 PM
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Default Repower or not

You say you "absolutely love the boat". Geez! just repower unless you wanna open another potentially can of worms.

If you are happy with your boat, stick with it and bite the bullet. Your main worry is, as you say, financial. I would say yes, but only as a figure of speech since you imply getting a whole new ticket....
Old 10-22-2010, 06:02 PM
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You should repower, the outboard manufacturers, are waiting for your $$$$, so much for the reliable outboards. I wish I could afford to replace my engine every few years.
Old 10-22-2010, 07:14 PM
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Originally Posted by srissm01 View Post
I have a 2001 23 ft Regulator with a yamaha 300 hpdi that will probably need to be repowered soon. I absolutely LOVE the boat and would be happy to keep it forever.

My question is from a purely financial standpoint does it make more sense to repower at a cost of 20-30k or sell the boat and take the money plus what i would of spent on the new engine and buy a newer used boat. The problems with this in my mind is that you never know what you are buying when buying used and i like the idea of a brand new engine.

Again i love this boat and if i sold it i would be replacing it with the same model just newer.
A very good question.
It's a yes and a no.
I repowered my 1999 "2950" PRO-LINE because I'm 66 years old, replacement costs of our new model is a whole lot more money, I'm totally satisfied with my boat, but wanted the EFI'S off because they were killing me with fuel burn. No wood in my boat, I love my boat, the hull will last forever, I repowered.
Now, strickly from a dollar and cents standpoint, not a good idea. My boat is still valued as a 1999 boat. Title reads 1999, value is looked at as a 1999, repowered or not. My Belief? You will not realize the resale of the repower. I knew that going in, I'm fine with it, but it should be considered when doing so.
Sure, the repower will make your boat more desireable as to resale, but no one will pay you for it.
If your happy with your hull, as I am, looking to keep it,maybe then do what I did, repower. Just dont think you'll ever recover the repower money as to resale value, you wont.
Old 10-22-2010, 07:28 PM
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Originally Posted by mike carrigan View Post
A very good question.
It's a yes and a no.
I repowered my 1999 "2950" PRO-LINE because I'm 66 years old, replacement costs of our new model is a whole lot more money, I'm totally satisfied with my boat, but wanted the EFI'S off because they were killing me with fuel burn. No wood in my boat, I love my boat, the hull will last forever, I repowered.
Now, strickly from a dollar and cents standpoint, not a good idea. My boat is still valued as a 1999 boat. Title reads 1999, value is looked at as a 1999, repowered or not. My Belief? You will not realize the resale of the repower. I knew that going in, I'm fine with it, but it should be considered when doing so.
Sure, the repower will make your boat more desireable as to resale, but no one will pay you for it.
If your happy with your hull, as I am, looking to keep it,maybe then do what I did, repower. Just dont think you'll ever recover the repower money as to resale value, you wont.









I agree with Mike C. 100%. He speaks from experience!

Good luck!

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