Phantom 48 - Bargain or not?

  • Thread starter Thread starter Deleted User YDKXO
  • Start date Start date
there was also a trader 575 sunliner on there at £75,000 but had hit rocks and the shafts were drawn through but had been repaired and the aft cabin needed rebuilding but it would never be the same as factory built. sold within a week!
 
I missed the first time this was posted as well.

I once went to EBY, actually to look over a Squaddie 62, but when I go there I was also shown a P65.
"Only been to the bottom once sir" was the patter.
Apart from a few rusty parts in the engine room, it looked a nice boat - just that a nice boat.
Not a great one - I dont think you can put anything like that back as is was but you can have a great deal - if the price is right.

This was ine inside of the P65 AFTER the refit



IMG_2836Medium.jpg


IMG_2838Medium.jpg


IMG_2811Medium.jpg


So you can see that it CAN be done but it takes some commitment - I was told that this had been done by a guy privately.

The boat will never sell for the full price again. Nobody was pretending that the boat hadnt had been to the bottom - anyone buying her would have know the full story - absolutely no funny business - I guess if all you want is a cheap boat then it may be possible to live with something like this.

However, a boat like a P65 costs in other areas as well (and dont I know it) - most people who would be interested in this would probably want to shell out a bit nore and not have all the problems - IMO

Same comments for this Phantom.

Somebody will probably take it on though and good luck to them.
 
It's the issue of disclosure when somebody sells a boat like this after refitting that concerns me. Is there any legal duty on a seller to declare that the boat was a write off or was the subject of a sinking? I can understand that a seller has to be truthful when asked but how many potential buyers ask whether a boat they are considering buying has been written off? There seem to be a small but increasing number of written off boats coming on to the market recently (I wonder why); in fact I saw a 60ft Riva on the hard in Soller, Majorca only last week which had grounded on rocks in 'mysterious' circumstances. That one will doubtless find it's way on to the used boat market in a few months time
My concern is that this P48 is picked up by some boatyard who refit it at minimum cost and then dump it back on the market whereupon some unsuspecting buyer, dazzled by the apparent bargain price, ends up buying a lemon
 
That is what you employ a surveyor for. It is difficult to hide repairs completely from an experienced person. Lower price and new appearance in repaired ares should ring alarm bells!

However, not sure their is a scheme as in cars where you can check if it has been written off by the insurance company. Also I think that determining whether it is a "write off" and not safely repairable is not so easy with a boat, although the economics may be different.
 
Hurric, I have a picture of that p65 while she was sunk. Water only came up to the saloon windows, the flybridge didn't sink (!). I'll try to find it and post it here...
 
jfm said:
Hurric, I have a picture of that p65 while she was sunk. Water only came up to the saloon windows, the flybridge didn't sink (!). I'll try to find it and post it here...
Click to expand...

I was told that they retro fitted a stern thruster which gradually leaked and eventually the bilge pump failed. Poole somewhere maybe - cant remember.
 
I guess it can be done as good as it come out of the factory if not better...
the problems that exist are
1). how much money are you ready to fork out for this
2). and if its worth all the hassle

in the US especially the East Florida area they are normally better then in Europe to fix these kinds of things, altough even in Europe some companies are quite clever at this
I remember once seeing a Fairline mag, cant remember the name of it when they showed a similar job to a smaller Targa boat which sank and was refitted by Fairline, and a survey commented on the end of this article that actually now is better to how it was before
 
PowerYachtBlog said:
I guess it can be done as good as it come out of the factory if not better...
the problems that exist are
1). how much money are you ready to fork out for this
2). and if its worth all the hassle

in the US especially the East Florida area they are normally better then in Europe to fix these kinds of things, altough even in Europe some companies are quite clever at this
I remember once seeing a Fairline mag, cant remember the name of it when they showed a similar job to a smaller Targa boat which sank and was refitted by Fairline, and a survey commented on the end of this article that actually now is better to how it was before
Click to expand...

I suspect that Fairline might actually be interested in the project as I guess their factory is not exactly busy at the moment. So what would the boat be worth if it was refitted at the factory? If a normal 2008 P48 is worth, say, a realistic £400k on the used market, what would a factory refitted one be worth? £350k, £300k? That doesn't leave a lot of money left if it's going to cost £250K + VAT to buy the boat from EBY in the first place. Sounds like EBY are a bit ambitious with their pricing
 
Personally from dealing with building projects I would have expected the cheapest way to fix the boat up to a comparable standard to a new one would be to junk pretty much everything inside and treat it as a bare hull. How much does it cost Fairline to go from bare hull to finished boat? Probably an expensive way to buy a boat! To be fair, at £260k, EBY are offering to chuck in new engines and gearboxes.
 
You must log in or register to reply here.

Share this page

Top