53 hatteras

[mderlick]

Hi All

I am currently looking at a boat in Long Island...a 58 CPMY (1978). This boat has the usual 871 ti engines, but they seem to be long in the tooth (3500). They started up within a few seconds, not too much smoke, which stopped after several minutes.

1. Are these motors too old to have life left in them ?

Does anyone have any knowledge of this boat ? I found it on yachtworld. visited it , made an offer and it was accepted, as per the usual conditions.

Regards

mderlick

 

[SKYCHENEY]

Too little information to know for sure. You will need an engine survey. Hours alone cannot be used an indication of longevity.

 

[SEVEN]

3500 hours is not much for those engines if they where treated right. Best way to find out is to find a good Detroit Diesel engine survey. I’ve seen 8V71’s with 10,000 hours that still run great. What’s the name on the boat?

 

[SEVEN]

Is it the one that is selling for $99,000? If so lots of work a head of you.

 

[SEVEN]

Just to be sure your post is labeled 53’ Hatteras yet you’re asking about a 58’. Just try to find which one you’re inquiring about.

 

[mderlick]

Is it the one that is selling for $99,000? If so lots of work a head of you.

That's the one ! I passed on this boat several times, because the pics were so bad. However, upon visiting the vessel, I was pleasantly surprised. It is quite presentable. Stabilizers, loads of electronics (dated, but useable), lots of appliances (some new) . It is a 58 CPMY. (53 with a cockpit).

My original impressions after seeing this boat is : needs lots of cosmetic work, but appears solid. I will know more after the engine and general surveys are finished.

Do you know this boat ? If so, anything I can find out about it would be helpful.

regards

mderlick

 

[jim rosenthal]

Get a serious and thorough survey from a DD man on the engines and gears, and an equally serious and thorough survey on the hull and everything else as well. If this were the queen of the fleet, she might be worth 300+ on a very good day- at an ask of 99K, you are likely to have some extensive work and updates ahead of you. Be prepared to walk away, nad don't fall in love until after she passes all her surveys, sea trial, insurability, etc. And even then you're going to have some surprises and an even larger number of "while you're in there"s...

 

[SEVEN]

Make sure the stabilizers work and do not leak oil. Inspect both bow and stern thrusters those are pricey if not working, air conditioning should also be tested.

 

[SKYCHENEY]

Make sure the stabilizers work and do not leak oil. Inspect both bow and stern thrusters those are pricey if not working, air conditioning should also be tested.

Stabilizer oil leaks are easily fixed (usually just a feedback assembly or cylinder). IF they leak water, the bearings and shafts can be junk and that is when it gets expensive.

 

[Byresch]

Check out the Onan generator also, they are old and obsolete.

 

[mderlick]

Hi All

Just an update...I put the boat under contract, with the usual caveats. The name of the vessel is Dream Catcher.

Anyone with surveyor and/or engine mech recommendations ? Boat is in Long Island.

regards and thanks

mderlick

 

[mderlick]

The seller told me the stabilizers " need oil ".

There was no sign of water or grease under the stabilizer mechanism.

md

 

[Westfield 11]

The seller told me the stabilizers " need oil ".

There was no sign of water or grease under the stabilizer mechanism.

md

That means you will have to put new oil in to see where it leaks out......

 

[captcrunch]

Steve Maddock best surveyor on Long Island. Dave at Dieseltech in Freeport is a greatvdetriot tech

 

[bigbill]

that looks like a 58 yachtfisherman, not a 58 cockpit motoryacht. good luck with the purchase

 

[mderlick]

that's right 58 yf...

 

[jim rosenthal]

Check out the Onan generator also, they are old and obsolete.

Yes, indeed, and if you have to replace it, get a Northern Lights set if you possibly can.

 

[Yachtsmyth]

fyi- broker owns that boat himself. will not tell you that. boat has a lot of potential! Have you looked into insurance? I am in the process of shopping ins for a similar boat and getting crazy prices, and most will not write the policy.

 

[mderlick]

fyi- broker owns that boat himself. will not tell you that. boat has a lot of potential! Have you looked into insurance? I am in the process of shopping ins for a similar boat and getting crazy prices, and most will not write the policy.

Fascinating. I would love to hear the story! Do you know the boat ?

As for insurance, I would assume that the coverage would be based on geographic location, boat valuation, hull insurance etc. I have a 1964 41 Hatteras on the great lakes, my hull valuation is low (25k), and my premium is $400 per year. One of my friends has the same boat in fla., hull valuation $50k, everything else the same...his premium is $3500.

It seems to me that if one wants insurance you need to take a risk by undervaluing the boat.

just a thought

md

 

[Briankinley2004]

Fascinating. I would love to hear the story! Do you know the boat ?

As for insurance, I would assume that the coverage would be based on geographic location, boat valuation, hull insurance etc. I have a 1964 41 Hatteras on the great lakes, my hull valuation is low (25k), and my premium is $400 per year. One of my friends has the same boat in fla., hull valuation $50k, everything else the same...his premium is $3500.

It seems to me that if one wants insurance you need to take a risk by undervaluing the boat.

just a thought

md

The few I found willing to insure my boat would insure it for no more than I paid for it. Even though it could be worth more the most they would insure was what I had in it. Its almost not worth it.