New to boating and i bought a lemon.

sgm98ws6

Cadet
Joined
Apr 27, 2014
Messages
8
Hello all,
To start off i will add the disclaimer that i did what research i could but ultimately jumped the gun on purchasing a boat.
I ended up with a 1988 Galaxie Granada 18ft 4.3 omc with Cobra out drive. The good news is the Cobra unit is a u-joint unit. That was about the only good thing I have found on the boat if you consider that good. I was in a hurry the day i bought the boat and it ran and the floor was new and solid and for $1400 i new i wasn't getting a perfect boat.

When i brought it home it didnt want to start and the battery had drained. Previous owner wired all accessories on constant and i figured that would be easy to fix. Charged the battery and it started grinding. Upon further inspection i found the outer starter bolt sheared off in the block. Then i noticed the dipstick and realized i hadn't checked the oil. I meant to but i spaced it. Well it was about 4 quarts over and brown, pulled the filter and it was white. Easy enough i thought. had to pull the motor anyway to extract the broken starter bolt.

Started to pull the manifolds to get some room to get the motor out and i look back at the transom. I had checked it on the outside and it was solid. Well i can pull the plywood apart with my hand. So i thought ok easy enough ill just do the transom. I am a mechanic by trade i can handle this.

Looked at the new floor and pulled back some carpet and the stringers a shot too. I know they had this boat out last fall and the wood didn't just rot over the winter.

I know that the transom and the stingers both need done, and at this point whatever i do has to be better than what i am working with. I would guess it is not suggested but I am currently planning on only doing the transom and bracing the stringers. Would the new transom be harder on the stringers than the weak rotted transom?
 

laxray

Seaman Apprentice
Joined
Jul 11, 2009
Messages
43
Re: New to boating and i bought a lemon.

Id say the good news is you only paid $1400!!
 

sgm98ws6

Cadet
Joined
Apr 27, 2014
Messages
8
Re: New to boating and i bought a lemon.

At what point should i just eat what i have invested. I cant sell it. I might be able to part it and recoup some money, however i can't afford to buy another boat. I do have time to fix this one and i am not really scared to try fixing it. I wanted to get into boat repair since i live on a lake and the only close shop charges an arm and a leg for everything. I just didn't want to have to get into it this soon.
 

bigdirty

Senior Chief Petty Officer
Joined
Oct 4, 2013
Messages
652
Re: New to boating and i bought a lemon.

....

I know that the transom and the stingers both need done, and at this point whatever i do has to be better than what i am working with. I would guess it is not suggested but I am currently planning on only doing the transom and bracing the stringers. Would the new transom be harder on the stringers than the weak rotted transom?

I'm gona say the thing others will likely chime in with... if the stringers are bad, its almost a waste of time to 'just' do the transom. IMO you should rip out the whole floor, and see how far and how bad they are. Keep ripping floor out until you get to something good, maybe you only need to do the last few feet of the stringers, sister some boards in and you will be good.... ? Or, seeing as you're only in for $1400, part out what you can, make some $$$ back, and find a better overall condition boat? The overfilled engine oil and white in the filter tells me there is water in the engine, where there shouldn't be. My guess is bad/improper winterizing, and an internally cracked block. Cracked manifolds potentially being the best case scenario.. There will be plenty of those kinds of things happening this season, given the winter we had.. but you may make MORE money back by striping down and parting it.

Oh, and welcome to Iboats! :)
 

sgm98ws6

Cadet
Joined
Apr 27, 2014
Messages
8
Re: New to boating and i bought a lemon.

Im pretty sure the manifolds are fine. And looking at prices of pre vortec 4.3s i would rather the engine be shot than the manifolds - note boat already has electric inline pump feeding the mechanical. I will go ahead and test them this week and see.

I figured that would be the answer on the stringers. Since fiberglass doesn't really go bad, if i cut out the 1/8" or so that is under the plywood floor they put in to get to the stringers, can i dry it out assuming its damp on the bottom and put it back in with some resin and mat.
 

tpenfield

Moderator
Staff member
Joined
Jul 18, 2011
Messages
19,013
Re: New to boating and i bought a lemon.

You will have to weigh your options and the associated cost. Sounds like you have about $4,000 in front of you for repair and replacement work. So, if you are able to go that distance, then you could keep the boat. Otherwise, see what you can sell for parts. Maybe the outdrive would have resale value. Plenty of folks here on iBoats to guide you along, if you decide to fix it.

not sure what sort of research you did, but the $1,400 was a crash course in boats and boat buying, sorry to say.
 

greenbush future

Lieutenant Commander
Joined
Aug 28, 2009
Messages
1,814
Re: New to boating and i bought a lemon.

Without a detailed plan of buying a "used" boat, you were kind of destined to fail. There are $14K boats with the same issues you are dealing with too. Throw some pictures up here as you tear it down, you might get lucky, but rot and power are about as important as it gets when buying.
I would build a price sheet on everything needed, and then make a decision, scrap it or repair it. Just be glad you didn't spend $14K.
 

hadaveha

Petty Officer 1st Class
Joined
Mar 17, 2009
Messages
389
Re: New to boating and i bought a lemon.

One good thing, that cobra outdrive will bring a pretty penny, the manifolds also, I bet you could come remotely close to getting your money back if you part it out, drop back and punt and try again. Anyone who has bought enough boats has been down the same road I know I have more than once good luck
 

Woodonglass

Supreme Mariner
Joined
Dec 29, 2009
Messages
25,932
Re: New to boating and i bought a lemon.

If you're not totally in love with the styling of this boat, then I'd say part it out and recoup your money on the motor, outdrive and trailer parts. Then, go to "School" here on "Boating University" and LEARN what to look for when Shopping for a used boat. Then go out and try to find a good use boat, (if there is such a thing). If you DO like the style of this one, and you WANT to invest the Time, Effort and Dollars required to restore her, it can be done for prolly somewhere in the $2-3 K range and 200 man hours. Your decision.;)
 
Last edited:

Brian 26

Chief Petty Officer
Joined
Aug 14, 2013
Messages
574
Re: New to boating and i bought a lemon.

Sorry to hear, I don't understand how these people that sell this stuff can sleep at night.

If I was you I'd part the boat out, recoup as much as you can and get back out there to find a good deal on a good boat.
 

sgm98ws6

Cadet
Joined
Apr 27, 2014
Messages
8
Re: New to boating and i bought a lemon.

Well I made a list of what i could sell and decided to go that route. Most of it i will part off and the rest i will use to finish a boat that we had sitting. I was hoping to get something i could just take out on the water when i bought this but the other boat we had from a couple years ago is structurally sound. I will more than likely start a build thread on the other boat this weekend. We have storms and rain coming though this week so im really at a stand still.
 

gm280

Supreme Mariner
Joined
Jun 26, 2011
Messages
14,605
Re: New to boating and i bought a lemon.

I understand it is not any consolation to you, but your story is the same on here for so many others too. If you like what you bought, make it a serious project and rebuild it. That way it will last forever, or out live your life span. And it would be a totally solid nice boat then too. Your choice, but realize you are certainly not alone or unique in your purchase by any stretch...
 
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