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Spannerrash
regular


Reged: 16/11/2006
Posts: 662
Grey Import. Should I walk away??
      #1854748 - 11/05/2008 19:07

Swmbo and I have been sniffing round a 2003 Regal Commodore 2665, Volvo 5.7 GSI on SX DP leg. The boat started life in Texas and was imported about 4 to 5 years ago. The present owners are now apparently too ill to use her and she has been standing ashore for 2-3 years on a brokers pitch. Broker says she has around 100 hours on the engine. The boat has never been CE certified and what worries me is why in that amount of time being in the UK has this not been done. The boat also has numerous electrical faults and is wired, petrol driven Gen set as well for 110 volts. The Brokers say that they will put a magic box in that will step the marina shore power down to 110V to run the cooker, microwave etc and re wire the sockets for 240V. Fair enough I thought but they are not prepared to do any of this without a deposit. My fear is that a boat without CE certification in this country of that age is uninsurable and in many cases the insurance companies dont like grey imports anyway.
That aside we fired up the engine today which sounded ok after power packing the flat batteries. On engaging gear the whole boat shook. It does it in fwd and reverse with an almighty clunk and the transom flexes in the process. Engine revs by the way 600 on tickover. I have never heard an SX drive sound like that, it was far worse than a merc alpha drive! I was told this is quite normal???? I dont think so!
To conclude I put this to the panel. Would you put a deposit on a 5 year old £42000 car with a dodgy battery, nasty clunk from the gearbox, no log book and mot, and only half the dials working on the dash before all this work had been done? Reading through this I think I`ve posted a no brainer but I would be interested to hear what you guys think? We really do like this boat and want to buy it but am I being too picky? Thanks in advance for your opinions Chaps.

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4 sets of B6 ally Duoprops---- Not dear!!!make me an offer?


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bazonbeleza
regular


Reged: 19/11/2005
Posts: 718
Loc: faro, portugal, & Liverpool fo...
Re: Grey Import. Should I walk away?? [Re: Spannerrash]
      #1854759 - 11/05/2008 19:22

you could cough for a survey on the boat, cheaper than a deposit then put a deposit down on condition all the works in he report are done. you'd probably need a survey for insurance anyway.

The CE thing would concern me as would its vat status. but I beleive there are workarounds on hte CE thing, getting it certified as class D rather than A or B

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---------------------------------------

Nauticat sailors do it in comfort (and carpet slippers)


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Martynk
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Reged: 28/12/2004
Posts: 1001
Loc: Cheshire, UK
Re: Grey Import. Should I walk away?? [Re: Spannerrash]
      #1854760 - 11/05/2008 19:27

I always think about resale when i buy a boat, and you may have similiar problems if you ever sell it on, to those you are expressing now.

Given the market conditions, that strikes me as a reasonable sum of money to buy a UK boat that is certainly better bet to resale.

In the end you have to divorce the emotion from the purchase and your first gut feel (as posted here) is generally the best one to go with before the 'man' maths kick in, and you start to justify it!


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sarabande
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Reged: 06/05/2005
Posts: 5356
Loc: Thames valley, or up on the mo...
Re: Grey Import. Should I walk away?? [Re: Spannerrash]
      #1854771 - 11/05/2008 19:43

I bet that quite few other people have had a look and walked away if the boat has been for sale for so long.

There's nothing wrong with walking, unless you have a significant reserve fund to bring her up to the standard you want. However, it sounds like serious time and money is needed.

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Enlightenment is motor-sailing


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No_Regrets
regular


Reged: 09/07/2007
Posts: 1263
Loc: Welwyn Garden City, Herts UK.
Re: Grey Import. Should I walk away?? [Re: sarabande]
      #1854819 - 11/05/2008 20:26

I'm flogging my 2005 Scarani Rio 26 (Got a good spec too!) at the mo, and it's a minter for under 30K.

Why is a five year old Regal so dear?

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Birchwood Owners Association (BOA) forum now open here -> http://birchwoodboats.aceboard.com/


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Enterprise
regular


Reged: 21/12/2001
Posts: 431
Re: Grey Import. Should I walk away?? [Re: bazonbeleza]
      #1854876 - 11/05/2008 21:17

How much is an equivalent UK suplied boat?

I would be looking to reduce the asking price to cover all your concerns, VAT certificate can be obtained from HMRC, get the currrent owner to pay the VAT then hand you the certificate or reduce the asking price by the same amount & pay it yourself.

Factor in the CE marking & engine & drive service then get a surveyor to check her over.

It may have stood for a while if the current owner didn't do these things prior to purchase & wont take the hit now he's trying to sell.

Dont forget as a buyer you have the upper hand here, if you cant negotiate a deal then you can simply walk away.


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Sneddon
regular


Reged: 26/02/2007
Posts: 2237
Loc: Bristol
Re: Grey Import. Should I walk away?? [Re: Enterprise]
      #1854890 - 11/05/2008 21:24

Why try and get the price down to fix things?
Save yourself a boat load (!) of hassle and buy something else.
All IMHO of course

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"See the rainbow not the rain"


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Talbot
regular


Reged: 23/08/2003
Posts: 12427
Loc: Stavanger, Norway
Re: Grey Import. Should I walk away?? [Re: Spannerrash]
      #1854898 - 11/05/2008 21:32

Walk away

The group D is the Recreational Class directive, and yes going for Group D is a feasible option.

CE is a different matter. A magic box to 240 would not fix it, You would probably find yourself having to do a complete re-wire of the mains electrics. A replacement of a lot of non-ce equipment (e.g. VHF) plus the cost of the inspection.

IIRC it is illegal to sell on a boat in EU (purchased from outside EU) without CE but RYA can advise.

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"Be wary of strong drink. It can make you shoot at tax collectors - and miss."
Robert A Heinlein


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Enterprise
regular


Reged: 21/12/2001
Posts: 431
Re: Grey Import. Should I walk away?? [Re: Enterprise]
      #1854906 - 11/05/2008 21:36

If a deal can be had to reflect the hassle of the transaction then it would be a viable option, but how much a discount depends on how you feel about the boat.

If it's too much hassle then walk away, if not then you may get it for a decent price, either way as a buyer your not going to pay top price or current market value for a boat with issues.
Problem may be getting the current owner to lower his asking price by the amount required to pay the VAT & CE marking, if he won't then it will probably be sat there in another two years.


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burgundyben
regular



Reged: 28/11/2002
Posts: 1913
Loc: Hamble
Re: Grey Import. Should I walk away?? [Re: Spannerrash]
      #1854908 - 11/05/2008 21:38

A grey boat? Look a bit dull? :-)

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