1) There is a Blue Book for boats. Your banker or credit union will undoubtedly have a copy if they finance boats. You may want to take a look at the data yourself; I had to explain it to the folks at my credit union when I bought Imzadi. They were accustomed to financing bass boats and trailerable runabouts, not sailboats, and small powerboats depreciate even faster than cars.
2) How many hours on the M35B? I doubt that paint missing from the heat exchanger is an indication of engine overheating. A lot of things might be toasted if you ran the engine without coolant, but the heat exchanger is probably not one of them. I have a spare one out in the garage that is missing paint, even though the engine it came from had only 635 hours and I personally know it was never overheated. (The engine died due to internal corrosion resulting from the verdamte PO saving $275 on the installation by not putting in an exhaust riser, thus letting water from the muffler back into the exhaust manifold every time I went sailing.) My paint loss is due to exposure and moisture, and is pretty normal after 9 or 10 years in the boat. My new M35B (with 108 hrs on it in the first year, has a bit of paint missing because the $250 Groco bronze siphon break mounted above the heat exchanger and exhaust riser had a defective seal and leaked water down on the back of the engine. 3) Do you mean Survey or Appraisal? If the boat has been surveyed in response to a previous offer, can you get a copy of the survey results? Make your offer contingent on the result of a proper in water survey. That will tell you what is up with the engine and other symptoms. It will cost a couple of hundred to have the boat splashed and rehauled as part of the survey, but it will be money well spent and you might get the seller to split the cost with you. Your lender will probably ask for an in water survey, and your insurer may do so as well. Rick Brass Washington, NC -----Original Message----- From: CnC-List [mailto:cnc-list-boun...@cnc-list.com] On Behalf Of David RobertsSent: Friday, October 05, 2012 10:52 PM To: cnc-list@cnc-list.com Subject: Stus-List Best price on a 1989 CNC 37+ We are getting ready to enter into negotiations on a 1989 CNC 37+. The boat is in fair condition and it has a few issues; it needs new upholstery; the keel joint needs to be re-glassed in; all the running rigging is ready to be replaced; it has a universal M35 and it looks like it had been over heated to the point of baking the some paint off of the heat exchanger closest to the muffler. The salesman said the engine was running when they took the boat in on trade, the boat is on the hard so I won't be able to run the engine until spring. Oh the boat has been on the hard 4 to 5 seasons, and the date on the oil filter is 2007. The salesman said they have had it that long because of the 7'3" draft, and a number of people have backed out after the appraisal over small issues. The sails are in good condition. I will of course get an appraisal once we agree on a price and if he finds something very big we will reconsider the offer. I have seen similar boats advertized anywhere from $89K to $119K of course there too is a range of conditions. What the asking price is and the final sale price ends up to be are not the same. Is there any way to find out what they are really selling for like a Kelly blue book for boats? Any input is appreciated. Also are there is any known issues I need to look for on this model. _______________________________________________ This List is provided by the C&C Photo Album http://www.cncphotoalbum.com CnC-List@cnc-list.com _______________________________________________ This List is provided by the C&C Photo Album http://www.cncphotoalbum.com CnC-List@cnc-list.com
