Re the 'hit' boat, that $9K quote was for the exterior only... so with additional interior work plus a new mast, rigging, etc, you're probably talking around $12-13K in total to have it all repaired. My guess is that given current prices, a similar boat floating at the dock in reasonably good shape would only be worth around $19-22K - but with a 'salvage' title, which this probably now has, the value is gonna be less than for a normal boat... not many folks like buying 'damaged' goods even if they have been fixed up well. So... take the $7K price it sold for, add $12K to fix it up, and you've just spent $19K for a boat that you can only sell for around $17K. Now, if you do the work yourself you can save on the repairs, of course... however I don't know about you guys, but my time is worth $$ to me, and I do take that into account when I buy-to-fix. Like I said, I wouldn't touch it with a barge pole.
I only wonder, Miami... with the "MacGregor 26SL" that you did buy (which looks pretty nice, actually), are you going to leave the emblems on it?
