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General Discussion / Re: Looking to Purchse a P 323
« on: August 31, 2011, 12:44:32 PM »
Last thought in this...the way I think about pricing is this: A pristine P323, new engine (<200hrs), new sails (<5yrs), newish electronics, new standing rigging, beautiful teak, etc etc may be worth $30K. Well maintained, but aging a bit, mid-$20s. In need of a lot of work, maybe $10K (well, I did see one with no engine a while back for $9K!)
When you reflect on this, it sort of makes sense. A new engine installed by a boatyard is probably $10K; which I think of new sails, rigging, electronics, etc there is probably another $10-$20Kor more in that. So one approach to determine a fair value could be to work out how far from perfect she is, and quantify those factors to reach a fair purchase price. Need a new engine? Lop off, say $8K. New sails? another $6k. etc.
In the case of a well-built boat such as the P323, there probably aren't many bad boats - just bad prices. Get one at the right price, invest some money, and you will get a roomy, well-designed, sea-kindly coastal cruiser, better built and stronger than many more modern equivalents (not that I am biased..).
When you reflect on this, it sort of makes sense. A new engine installed by a boatyard is probably $10K; which I think of new sails, rigging, electronics, etc there is probably another $10-$20Kor more in that. So one approach to determine a fair value could be to work out how far from perfect she is, and quantify those factors to reach a fair purchase price. Need a new engine? Lop off, say $8K. New sails? another $6k. etc.
In the case of a well-built boat such as the P323, there probably aren't many bad boats - just bad prices. Get one at the right price, invest some money, and you will get a roomy, well-designed, sea-kindly coastal cruiser, better built and stronger than many more modern equivalents (not that I am biased..).