Buying 2008 LSV w/ Hull Repair
Hey - I'm looking at an LSV that needs the hull repaired (work to be done by a Moomba dealer). The repair estimate is $4-5k which would be paid by the seller. Would you guys still consider buying a boat that's had the hull repaired (hit something around the fins on the bottom)? If so, what kind of discount should this be?
thx!
-Lee
Re: Buying 2008 LSV w/ Hull Repair
Sure, if the price is right, no one is going to touch it unless they know how to fix boats. Have you seen the damaged area?
Take it to an independent dealer and get an estimate, then double it subtract that from what the boat is worth, do not use Nada or other price guides, or only inboards cuz those are dealer prices. Use claz and craigslist and do the research.. I'm guessing since the repair hasnt been done the seller doesn't have the money to fix it so that gives you more leverage on lowering the price..
If your lucky you can find someone that does hull work cheaper than the dealer and you may break even.. Remember when you resell it your not going to get top dollar unless the repair is perfect and you forget to mention it..
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Buying 2008 LSV w/ Hull Repair
So, the seller did not disclose the damage to you? That is sketchy and shows true character. I would beware. My 2 cents...