Notices

Sell the boat or keep it sitting??

Reply

Old 07-13-2013, 02:32 AM
  #1  
Senior MemberCaptains Club Member
Thread Starter
 
Join Date: Jan 2005
Location: GA
Posts: 1,785
Default Sell the boat or keep it sitting??

My boat has been sitting for over a year now, let go of the motors last year in May with hopes of a spring repower......but between a job change and the addition of our 2nd child, its just been put way down on the priority list.

So the thought starts running through my head.....keep it or sell it?

The good:

- I went and bought the truck Ive always wanted to aid in towing such a big boat.
- Ive installed all new electronics, outriggers, renewed systems and got the boat upgraded since I got it in 2011, ie its where I want it (more or less) minus the engines......kinda important though!!
- Its not really costing me alot as it sits, no storage fees at home, its well protected with covering, insurance on it is not bad, there is a loan, but its small, low payment and other than the mental pain of paying and not using, its not hurting me.

The Bad:

- The longer it sits, the more "re" re-newing its gonna need to get back up to par, (i clean it regularly, but that only goes so far).
- Even though the trailer is new in 2011, the calipers finally gave out and cir-cum to "lot lock" from not being used, all 6 are seized up, not a major fix, but still a sign of things to come.

Overall, I absolutely love the boat, big enough to go offshore, I can take it to the lake or coast, tons of room, best layout I have been on in that size boat, but to be even more honest with myself, I see it sitting another year, the time I will have with 2 young kids and the money it will take to put on the engines I want (vs just the ones I can get to "get back on the water") just doesn't seem practical within a years time.

So do I let it go, regardless of of how much Ive "done" & like it to fit future needs? Or do I continue to put it away, knowing that when the time comes, I'll have the boat I like, waiting on me to bring back to life??

Thanks for any suggestions or input, sometimes its just better to have an outside view on these things.

Last edited by walden75; 07-13-2013 at 03:20 AM.
walden75 is offline  
Reply With Quote
Old 07-13-2013, 03:53 AM
  #2  
Senior MemberCaptains Club Member
 
Join Date: Aug 2006
Location: Wilmington, NC
Posts: 2,231
Default

Just my .$02, but sell it and get a smaller boat you can use today. Then when your kids and budget get bigger, upgrade. That pretty boat is not doing you any good sitting in your yard.
Graddy-fied is offline  
Reply With Quote
Old 07-13-2013, 06:19 AM
  #3  
Senior MemberCaptains Club Member
Thread Starter
 
Join Date: Jan 2005
Location: GA
Posts: 1,785
Default

I really do understand that idea of not doing in good of sitting in the yard, its one of the reasons I think about getting rid of it, all emotion aside (really liking the boat and all....) at this point, as it sits its a true money pit with no return of enjoyment.

But then I reason with myself and make comments like....."how many other 20year old+ brand boats do you see out on the water" (eluding to the idea I keep this boat for a while).

Its what Carlos.......(THT aka MudRunner).......calls a "high class problem!!"
walden75 is offline  
Reply With Quote
Old 07-13-2013, 06:29 AM
  #4  
Senior Member
 
Join Date: May 2012
Location: Heading Offshore from Sandy Hook, New Jersey
Posts: 2,041
Default

I completely understand how you feel. I'm just like you. You can at least say you have a boat and can see it and work on it. But as Graddy says, sitting in your yard isn't doing you any good and it may do you harm by reminding you all the time that you can't afford to use it.

I say get rid of it. There are tens of thousands of boats for sale...all the time. You can replace it when you're ready. You can get the same one or a newer model.

Shopping for boats is a lot of fun. You can do that to keep you going. It's better than looking at it every day.

I bet you could sell it in a day. I actually have a buddy who is looking for that boat with no motors because he wants to repower with new motors.

He probably wouldnt want to go so far to buy it. He's looking for something closer to home. But I bet a lot of guys would snatch up your boat fast. A 2001 Grady that needs repower! That's the perfect boat for many.

Don't torture yourself any more. Sell it, pay off the loan. Focus on your family and shop for your next boat.

Just my two cents.
Norcoastal is offline  
Reply With Quote
Old 07-13-2013, 06:37 AM
  #5  
Senior Member
 
Join Date: Oct 2010
Posts: 3,793
Default

I tried to say keep it since so much effort has gone into it and you like it. However, boats, like any mechanical thing, need to be used to maintain functionality. I'd say if it's not going to be brought up and used within the next 18 months or so, it's probably best to sell. Especially if the dollars are needed for something else.
GulfC is offline  
Reply With Quote
Old 07-13-2013, 07:14 AM
  #6  
Admirals Club Admiral's Club Member
 
Join Date: Dec 2009
Location: Wet coast
Posts: 1,024
Default

Tough call..............Not sure what I would do?

On a side note if you decide to let her go PM me I have a buddy looking for a 265 and I will send him your info.
Sr SQ is offline  
Reply With Quote
Old 07-13-2013, 09:55 AM
  #7  
Admirals Club Admiral's Club Member
 
Navatech's Avatar
 
Join Date: Apr 2013
Location: Miami Gardens FL
Posts: 5,847
Default

The enemy of good is perfect. In this case, you're not using the boat because you can't afford to put the engines you want on it. My solution would be to get some engines that you can afford on the boat and use it. Especially if you're not going to get the real value if you sell it now.

The only variable is the price that you can get for it. I would sell it is if the price was right. In that case I'd buy something smaller, cheaper whatever as long as I can get out on the water.
Navatech is offline  
Reply With Quote
Old 07-13-2013, 09:56 AM
  #8  
Senior MemberCaptains Club Member
 
Join Date: Jul 2007
Location: westchester ny
Posts: 2,597
Default

If you think you'll have the money in two years or less, I'd say keep it. If you think it would be longer, I'd sell it and get something smaller like someone else suggested.
phillipgo is online now  
Reply With Quote
Old 07-13-2013, 09:58 AM
  #9  
Admirals Club Admiral's Club Member
 
Join Date: Mar 2006
Location: Long Island, NY
Posts: 6,476
Default

I waited 3 years for new motors when I gave up on the old 'time bombs' on the bracket.

IT WAS WORTH THE WAIT.

You are not going to do much of any kind of boating with babies anyway.

I say tinker with it in the yard to take care of it and then hang brand new motors on it when the time is right.
Local Motion is offline  
Reply With Quote
Old 07-13-2013, 10:43 AM
  #10  
Admirals Club Admiral's Club Member
 
Join Date: Apr 2009
Location: League City, TX
Posts: 742
Default

I would keep it..atelast for now...for instance, I have a 2006 Dodge Viper that I rarely drive. I have thought about selling it multiple times but just can't find myself to do it because I love it when I do actually get to drive it. I would be hard to find one how I have it set up in the future so might as well keep the damn thing. If you can afford to keep it just do it. It's a nice boat.
wizness is offline  
Reply With Quote
Old 07-13-2013, 12:26 PM
  #11  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2011
Location: Perdido Key - Innerarity Island
Posts: 5,849
Default

As you said.... " Overall, I absolutely love the boat, big enough to go offshore, I can take it to the lake or coast, tons of room, best layout I have been on in that size boat"

You KNOW what you have. New repower and no issues at all. Buying another boat new or not you'll always have something here or there and ESPECIALLY with used. When the time comes IF you sell this one, how many more will you look at to find a boat that fits your needs to a "T" and has a perfect layout ?

My guess, a pretty good while. I'd keep it. We're in July and heading to August and come Labor Day or shortly after the season winds down in certain parts of the county. I'd keep her in nice shape and protected from the elements and rethink things through in the early Spring which is a prime time to sell anyway.

Just my two pennies.
Badbagger is online now  
Reply With Quote
Old 07-13-2013, 12:32 PM
  #12  
Senior MemberCaptains Club Member
 
fish factory's Avatar
 
Join Date: Feb 2003
Posts: 25,450
Default You love this boat !

Keep the Grady.



(cover it up)
fish factory is offline  
Reply With Quote
Old 07-13-2013, 12:36 PM
  #13  
Senior Member
 
Join Date: Oct 2007
Location: Southwest Ranches / Daytona Beach Shores / Islamorada, FL
Posts: 1,677
Default

I would Sell It.......It's a buyers market right now and you might get more than you think. Take advantage of the opportunity now as the market might turn the other way, who knows.

Or just list it For Sale on CL and see if it can sell or not.....That could help you with your decision without costing anything but your time.

Regards,
Big R

P.S. If I was looking for a boat I would prefer buying yours and putting 2 brand new motors with warranties with my dealer here, verses old high hour gas guzzling loud motors that might die at any moment. Just a buyers perspective from afar.

Last edited by BIG R JR; 07-13-2013 at 12:47 PM.
BIG R JR is offline  
Reply With Quote
Old 07-13-2013, 03:03 PM
  #14  
Senior Member
 
Join Date: May 2011
Posts: 1,590
Default

in ur shoes id sell it,pocket the $ and if i see a good deal on a smaller boat,id buy it..
miamiboater2000 is offline  
Reply With Quote
Old 07-13-2013, 06:53 PM
  #15  
Senior MemberCaptains Club Member
 
Join Date: Mar 2007
Location: Raleigh/Atlantic Beach NC
Posts: 817
Default

Keep it. Hook it up to that new F250 and take it to dinner to keep the trailer in use.
ryanc2 is offline  
Reply With Quote
Old 07-13-2013, 08:26 PM
  #16  
Senior Member
 
Join Date: Feb 2011
Location: Pascagoula, MS
Posts: 1,074
Default

If you like to go boating and be out on the water, sell it and get something that you can actually use now. If you just like having a boat and not actually using one (and don't mind not being out on the water) then keep it and tinker with it. Just like with cars - there are people who like the aspect of tinkering/building hot rods, jeeps, whatever and don't ever use them. Then there are people that wear the tires off them. IMO there are just to many boats to be had not to find something you can get out on the water with. Who knows, you could sell this one and in two years when you may have been able to get some motors, something else may be your "perfect boat".
rebelles is offline  
Reply With Quote
Old 07-14-2013, 12:09 AM
  #17  
Senior MemberCaptains Club Member
Thread Starter
 
Join Date: Jan 2005
Location: GA
Posts: 1,785
Default

I appreciate the insight, seems to be a fair split on sell or keep.

I certainly am not against used motors, infact I keep my eyes out for late model pairs all the time, seem to focusing on Suzuki 250's for their lighter weight and overall lower costs compared to Yamahas.

As for getting another smaller boat.....Ive fought against that idea, b/c I know its not what I want long term, I figure why spend 10-15k on a cheaper CC or even a true freshwater boat (seeing how thats where I would use it the most) when what I could spend the same kind of money on a decent set of used outboards and be able to use my boat at the lake for family fun and still tow to the coast for saltwater when time permits.

Time is certainly my biggest concern.......a 3-1/2 year old and a 8month old......Ive learned that even with my recent job change from being gone for months on end (working for the Navy) to being gone for 21 days at a time (but with 21 days off). I still dont see my self reasonably being able to go fishing at the coast near as much as I did in the past (being stationed in Norfolk/Virginia Beach on the ship). So thats kinda my biggest kicker, I know I wont use it for atleast another year or so, engines or not on any reasonable basis.

But I do like the idea of tinkering with it, changing out some fuel lines, converting to LED's in the cabin, maybe add underwater lights etc, re-wire dash and clean up some wire rats nests....clean the hull up, use it as my project boat for the short time I have in between preschool and diaper changes with hopes of finding that "perfect pair" of late model low hour used motors that wont set me back another 40k, but will get me on the water safely and for a long time on a boat that I know is sea worthy regardless of short notice or planned trips.

Plus.....I just love this boat!!!

Thanks for the opinions.
walden75 is offline  
Reply With Quote
Old 07-14-2013, 01:25 AM
  #18  
Admirals Club Admiral's Club Member
 
Navatech's Avatar
 
Join Date: Apr 2013
Location: Miami Gardens FL
Posts: 5,847
Default

FWIW, I own 2 boats:
  • A 1985 Bertram 46'6" Convertible.
  • A 1998 Chaparral 200 LE.

As you can imagine, the big boat isn't that suitable for hanging out at the local sand bar and, getting her out for something small is more often then not worth the trouble. I therefore went looking for something smaller. For some stuff the Berty is simply unsuitable (e.g. towing a wakeboard).

I found the Chaparral at a Salvation Army auction. 1,400 US$ (she wouldn't start) sans trailer. I found a suitable trailer for 600 US$ on Craig's List. I decided to gamble on the Chaparral as it was a fresh water boat without a single rust spot. Turns out that the only thing wrong with it was the "dead man switch". 2,000 US$ for a fun toy. Well worth it!

Admittedly, I don't use the boats for the same things but I have loads of fun with both!

What I'm saying is that sometimes there ways to both eat your cake and have your cake
Navatech is offline  
Reply With Quote
Old 07-14-2013, 05:10 AM
  #19  
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Aug 2005
Location: TN
Posts: 4,791
Default

Save it. Keep regular maintenance on it to ease the pain of not being on the water. I (now) know the feeling of that 'perfect' boat. My 79 Carver 23' is very similar to yours and it is absolutely the best all around boat (for me) I've ever owned, and I've owned a bunch of them. And depending when you get your motors, the boat itself could be paid for...
redneck joe is offline  
Reply With Quote
Old 07-14-2013, 05:17 AM
  #20  
Senior Member
 
Join Date: May 2012
Location: Heading Offshore from Sandy Hook, New Jersey
Posts: 2,041
Default

After reading all of these thoughts and your last comment of "I just love this boat", I'm changing my mind.

Keep it. Play with it. Look at it. Sit in it. You have a boat. You are in the club. Don't sell it. When you're ready to power it up, you'll have the boat you love.

Keep it!
Norcoastal is offline  
Reply With Quote

Thread Tools
Search this Thread
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: