*Siboney 2.0* repowering our 1972 58' yachtfisherman

[jmooney]

Yea it was bought around a year ago and the guy is already selling it. I have the haul out and sea trial tomorrow; hopefully all goes well. Do you happen to have the contact (email) for this Doctor, or his name? Id love to ask him a few questions about the history of the boat.

I have a good friend who used to maintain his Ferrari ‘s , I will see if he has his contact info.

 

[cww]

With basically the same engines/gears, and up-sizing the struts/shafts and all associated work like changing from 32v to 12v, I have right around $200k into my repower but that was 2 years ago. Both of us have done/are doing a major amount ourselves, so it would be much more if that were not factored in. Still, I'll bet Mario will have a little more into his with the rampant inflation of late.

Your results are something I'm extremely interested in. I love my boat but tbh I'd be happier with a little more speed. Sometimes you want to run somewhere for lunch or something and it's an all day event in the Hatt. I'd like a 20 knot cruise.

 

[SeaEric]

I'd like a 20 knot cruise.

Then buy a different boat, or an additional boat

 

[jim rosenthal]

I know the feeling. I usually just leave earlier, when I can.

 

[SKYCHENEY]

Then buy a different boat, or an additional boat

This is where the dilemma is. Buy what? You can't buy much of anything for what we could sell one of these boats for. And even if you put $200-300k extra into the mix, you still only get a 15-20 year old boat that needs X-amount of work.

I've had this discussion with Mario and DLCameron and both of them opted to go with the repower. These boats are great and they're even better updated and with new machinery with warranty. You don't get that unless you buy a new boat for $3M. And these boats are more comfortable and look WAY better than the new ones. Not to mention saving a couple of million in the process. Where am I wrong on this?

 

[Dan Mapes]

No where I can see. Boat prices in general are beyond reach anymore. Heck, a '21 25' regulator will set you back more than a decent 53' Hatt now. And the regulator doesn't even have a bathroom.

 

[motoryacht lover]

This is where the dilemma is. Buy what? You can't buy much of anything for what we could sell one of these boats for. And even if you put $200-300k extra into the mix, you still only get a 15-20 year old boat that needs X-amount of work.

I've had this discussion with Mario and DLCameron and both of them opted to go with the repower. These boats are great and they're even better updated and with new machinery with warranty. You don't get that unless you buy a new boat for $3M. And these boats are more comfortable and look WAY better than the new ones. Not to mention saving a couple of million in the process. Where am I wrong on this?

In the same boat (pun intended). I have decided to keep my current boat that I have owned since 2007. Boat prices are nuts. I have a 1995 Viking 54 MY. I put a lot of money in it over the years. Replacing alot of components, paint, new generator, on and on. So if I sell and buy a 2014 vintage boat in some respects I am starting over after spending a small fortune. Everybody here knows that the purchase price is just the beginning. I have decided to keep the boat and make it like I want it. So now working with a Naval Architect to add a cockpit or at a minimum a swim platform extension with stairs. My future may hold a repower, thus, my interest in this thread. Interesting to see well thought out reasons for keeping an older boat and “modernizing” it as the prevailing wisdom says one his stupid to put significant money into older boats. I don’t think you are wrong about this. I think the new economic reality especially post covid has changed the math on this.

 

[jim rosenthal]

One of the problems is that few companies, if any, are making boats as well-built as our old Hatteras yachts. It seems to me that if you like your older boat, and can improve it in the ways you want, that updating the powerplants, or the way space is set up in the boat (like Pascal did) makes sense, as opposed to starting over with a boat which may be of lesser quality.

 

[Captain Ralph]

One of the problems is that few companies, if any, are making boats as well-built as our old Hatteras yachts. It seems to me that if you like your older boat, and can improve it in the ways you want, that updating the powerplants, or the way space is set up in the boat (like Pascal did) makes sense, as opposed to starting over with a boat which may be of lesser quality.

Now, Convince the insurance companies that your rebuilt 40+ year old boat is better than the new ones.
I know it is, All else on the dock knows it is.
Except the underwriters.
F M

 

[motoryacht lover]

Now, Convince the insurance companies that your rebuilt 40+ year old boat is better than the new ones.
I know it is, All else on the dock knows it is.
Except the underwriters.
F M

Very good point.

 

[SKYCHENEY]

Now, Convince the insurance companies that your rebuilt 40+ year old boat is better than the new ones.
I know it is, All else on the dock knows it is.
Except the underwriters.
F M

I got a survey with the value at the number I was looking for and I had no problem getting an agreed value policy at that number.

 

[Sadey]

I haven’t repowered yet but provided receipts and a list of improvements made since purchased and our insurance company accepted the new agreed value which was significantly higher then before.

 

[MarioG]

Hi guys! sorry for the wait. It's been super busy on the boat with several projects going at one time. In fact, I may be ready to start the SIBONEY 2.0 "STRUCTURAL" thread to update the forum on all the big ass structural projects that have been done or are in the process.

 

[MarioG]

If you don't mind me asking the impolite question, what does something like this cost? Where is this being done, Miami?

Hi CCW,

once I'm finished I'll have an accurate accounting of the final costs. But to give you a general cost as of now, the engines, gears, two station Glendenning electronic controls, two Simrad 7" touchscreen engine displays are about $167,000 when i purchased it late last year. Me and my sons have done most of the heavy labor with the rest being the engine guys that pulled out the engines costing about $4800. I have not purchased running gear yet since i have to wait and haul the boat out to finish the engine swap. but in the meantime im saving big money in yard costs keeping my boat in the water in my slip. where im doing the majority of the structural work and engine room updating.

im hoping to be in the neighborhood of $220,000. maybe wishful thinking but we'll see.

 

[MarioG]

Mario, just think how good the engine rooms are going to look with fresh paint in the bilges and new engines! And the money you save in not buying engine diapers will probably pay for the whole repower. (ok, maybe not ALL of it)

Hi Jim!

You're not kidding! wait till you see the engine rooms. you're gonna get that new boat smell feeling when you see the engine rooms!

 

[MarioG]

this is where the dilemma is. Buy what? You can't buy much of anything for what we could sell one of these boats for. And even if you put $200-300k extra into the mix, you still only get a 15-20 year old boat that needs x-amount of work.

I've had this discussion with mario and dlcameron and both of them opted to go with the repower. These boats are great and they're even better updated and with new machinery with warranty. You don't get that unless you buy a new boat for $3m. And these boats are more comfortable and look way better than the new ones. Not to mention saving a couple of million in the process. Where am i wrong on this?

exactily!

 

[MarioG]

Just a little sneak peek....