Re: Boat Survey For Used Boat Purchase
Short story:
I've been around boats my whole life (50+ years) and thought I knew a lot. 4 years ago we decided to move up to a cruiser and after looking around for a few months, found a "really nice" one at a reasonable price. It was clean, very well kept, and had relatively low hours. After checking it out and getting all excited about our impending purchase, I decided to hire an independant surveyor -just to make sure everything was OK. I was present the day of the dry survey, which was done with the boat on land in about 8 hours. What he found astounded me. There was a long list of deficiencies. One item could have killed (an unsafe generator exhaust), and the others would have taken at least $7-8,000 to make things right. Every one of the deficiencies he found were completely missed by my (so-called) thorough inspection. I felt completely incompetent, but this guy did his job and did it well. I immediately got my deposit back and closed the deal. I spent $500 but saved waaaaay more. I learned a lesson- larger cabin boats are complex machines.
I eventually found the right boat- which I also had surveyed- but with much better results! As fishmen111 mentioned, we were able to use the survey results to negotiate a better price and actually saved more than the cost of the survey. And here's another reason to get a survey- it'll be required by your insurance carrier for valuation purposes.