Maybe it's not a lack of creative financing or a seller's unwillingness to take risks. Maybe it's screaming at you on this forum. Old motors, old wiring, old decor, old air, old everything. Maybe it's the amount of money it takes to maintain old, let alone update. Isn't that the real cost of a boat? So you fix it up nice; there are still dozens of other areas waiting to grab a new owner's attention and wallet. That's what I meant when I said depreciation. At least with a new or much newer boat the depreciation is more straight line. Depreciation can get exponential in a 30 year old boat.