Re: Still not sure what I'm going to do about transom rot I found yesterday.
There are quite a few aluminum boats that would take a 115hp OB.
18ft Holiday or 18' SS by Starcraft
You are understandably irritated that the seller wasn't aware or willfully sold you a less then water ready boat. Read thru the resto threads.
Friscoboater KNEW what to avoid because he'd already done a gut & restore on 1 boat. Still bought a boat that turned out to have massive hidden (deliberately) damage. He drove 1500mi +/- and paid $6K (+/-) for the right to gut his 'new' boat & spend $4K +/- in rehab costs.
You are not likely to get your money back for the boat. How's the trailer it's on?
It is a nice looking rig.
Spend some time over the next few days, and read thru some threads. You will see that many (most) start similarly to your situation.
I can't advise you on how it's best for you to proceed, but if the seller doesn't have legal paperwork selling the boat to you & a transferred title/registration (depending on what state you & he are in), I guess you have recourse. Just not any money back. So in terms of that, you possess it but don't own it.
This brings up another point: If you don't have legal ownership (title & reg in your name) I wouldn't spend another dime fixing the boat until you do. Motor/trailer either. Even in non-title/reg states, it can often be a good idea to go thru the trouble to get them. States that don't require them, may issue them at the request of the owner. If not in your state, there are other states that will gladly take your money to reg/title it in your name, let you pay the reg fee, and use the boat in another state's waterways.
If you were a particularly shady seller, you could get legal title to a boat then sell it in a non-title state (buyer wouldn't expect you to have title & may not attempt to title it themselves). The buyer could spend a few hundred (thousands maybe) getting the motor running, and do several thousands (even tens of thousands) doing a full gut & rehab. You show up w/ the sheriff & ID the boat as your's & have the title to prove it. Boat & motor may be returned to the seller. Overly simple, but you get the drift...
Unless you really LOVE this boat, perhaps it is best to part ways & treat it as a learning experience. For a good running 115, $1500 isn't too awful bad, even needing a few maintenance parts. The battery shouldn't be considered a OB 'part'.
The look of your boat has value even as a project hull: Intact windshield~not a whole lot of that particular style laying around if your boat's has a crack. There are places online & locally to list it for sale. If the trailer's rolling & not in rough shape, it has value. Keep the motor & junk the boat (here it's be less then $50 at the dump), then sell the trailer, empty for $200+/-.
Keep the motor, and sell the trailer for $100, BUT the buyer HAS to take the hull too. May have to 'sell' the trailer for free to get someone to take the motorless hull too.
You might get lucky & find someone how WANTS this exact boat, and would be interested in the bare hull & trailer for $500. That's way more then it'd be 'worth' to me, but that 1 guy might be out there. Probably a few more then 1 too.
Hit CL & see what empty boat trailers in about what you think is the condition of yours are selling for. That may help you decide if you want to drag the boat to the dump & sell the trailer bare. It'd have to be more then a $100 difference for me to want to take the time to drag it to the dump & pay the dump fee.
To the right guy, the windshield may be worth more then the bare trailer. How's the deck hardware & nav lights. Those could be sold on CL too.
Every dime counts towards paying down the price for keeping the 115.
Having a running motor opens up a much wider range of boats, and allows you to haggle more aggressively on the price for boats w/ a trashed motor. If this boat is the right size for the boat you'd like to have & you think will fit how you & your family will use a boat, keep the trailer too. Again allows you to look at motorless boats on junk trailers. Trailers & motors are often ignored (I'm guilty) and are no small expense to rehab along w/ the boat.
How & why you got here, are, unfortunately, kind of moot. The purchase has been made, you have possession of the boat, NOW you need to decide how YOU want to proceed.
You can PM most of us anytime. Many prefer to handle all forum stuff in the forum, so that it can benefit any & everyone. Some prefer not to post details of their situation. I prefer to be open about mine.
If you decide to tear into the boat, the demo may be therapeutic. And I'd suggest you attempt the demo even if you're not interested in keeping & rehabbing this boat. Digging in & taking it apart will help you understand how boats are built, what causes them to end up like yours, & hopefully help you understand how & where to inspect any future boat purchase.
Almost all fiberglass boats older then a couple~5 seasons, that have been left outside exposed to the elements & not properly maintained, will have many of the same problems as a 40+yr old boat, just not quite as advanced & rotten, yet.
You might be able to get this boat water ready for $2K+/-, if you have the tools necessary. If not, that figure will be higher. BUT it'll be better then most (all maybe) $5K & up boats for sale in your market,and cost you your time & $3500+/-. May not be 'worth' $4K on the open market, perhaps not even $3K, it's still a 40yr old boat. You are extremely unlikely to get your resto costs back, and your time/labor will have been free. But it will be worth way more then that to you. If you keep a good record (here, elsewhere, w/ pix) of the work as you do it, you will at least be able to command as high an asking price as the market will possibly allow, because you can show a potential buyer exactly what was done & how. The crew @the dry dock will help you get there, if you're willing & can stick it out.
Add you locale to your profile, even if just SoCal~N Fl. If you decide to go tin or look for a more water ready boat or at least less of a project, the dry dock crew will help ya find something to suit ya.
Sermon over.
Best of luck,
Tomorrow is another day. Carp it's already tomorrow, gotta go...........