cantswm4**** said...
yeh, brokers name is :
Jonathan Frearson
Regatta Sailing
2C Margaret St
Woolwich NSW 2110
Nah, not worried about the money,
I'll put it down to experience,
Too much hassle to get the cash back,
If that broker led you into believing you or anybody else could get that boat from Sydney to Melbourne by sea before Christmas, he should be horsewhipped.
Looks to me like the boat was a mooring minder and you have bought a liability that could cost you more than what it is worth to deal with.
Check your paperwork (contract, registration etc) and if the change of registration has not gone through yet cancel the transfer and flick the boat back on to the broker and make it his liability.
Letting the boat sink is NOT an option as dealing with the wreck could cost you PLENTY.
Seriously mate, I think the yacht is too far gone to be worth spending what it will cost to make it a thing again.
I recently sold a 36 ft mast and boom for $1,500 and winches are always saleable.
That engine is a 4 cylinder, probably 30-40 hp, and presumably has a gearbox attached and if not seized, tidied up could be worth $2,000 to $4,000 to somebody.
Accepting that you might have blown $1,100 is fairly easy and with a motor vehicle you can always get scrap value (you know all about that) but boats are a different thing (ie mooring fees, slipping fees, hardstand etc.).
I am not being negative because I am a positive realist but if that boat is now in your name irrevocably, you have some decisions to make, and soon, before it costs you more than what you have paid for it.
I wish you the best of luck with it, sincerely.