New Motor or not ?

[Lucky_Phill]

This is one for the Boaties here.

Thinking about a new motor for ReBait, I had to do the sums.

New price... roughly $26,000 - $30,000,,, change over price... ? say $22,000 - $24,000 ish.

New motor would give me an extra .5k's per litre improvement in fuel economy, so that is a good thing. ( I do about 1500k's per year )

In addition, servicing would be up $100/ year, insurance is up $140/year. On the upside, the boat value would rise.

Given all the variables it appears it will take 50.1 years to break even on the purchase ( given fuel savings ) or with CPI and other stepped data, about 40.2 years to break even.

So, is it worth it ? Current motor has 1,780hrs on it and does not look like it will give up anytime soon.

Do we consider " peace of mind " to be a factor for a new motor and what price do you put on it ?

I suppose another factor is, if I sell in 10 years or so, the value would be worth a lot more than with the current motor ( which would have about 2,800 hrs on it )....

Then there is option 2.

A complete new boat package............ $100,000. Yes a lot of coin, but value is there and in 10 years would reap reasonable dollars upon sale, so would the difference between new and re-power be equal ?

Spend 24k now and in 10 years it'd be worth 30 - 40 K... or spend 100K now and in 10 years it'd be worth 70K maybe.......... who knows ????

Anyway, anyone else mulling over this sort of situation ?

Thoughts ?

cheers LP

[Darren J]

.... new and newer is nice. But if the logic is based on cost, or cost/return, the only reason to replace with new is if the old rig no longer does what you want (to your satisfaction), or it has become unreliable (to your level of satisfaction). Other than those reasons, new replacement will always cost you more. So in that regards, assuming current set up meets your needs, the extra cost will only be of value as much as you feel nice(r) about new gear.

One thing I know, it’s only new the first time you use it!.

Re the repower, if it’s well maintained and reliable, why would you? Unless reliability is becoming a concern. Your 1700hr motor probably will not depreciate a lot in the next 1000hrs of use, but a new one definitely will a lot in its first 1000hrs if use. Fuel savings would be hard to justify in that equation..
But reliability concern is something only you can value.

Oh, and we all know, fish is usually cheapest by the kilo from the local seafood shop. However, arguably less fun...


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[CT]

Do we consider " peace of mind " to be a factor for a new motor and what price do you put on it ?

I do and as a result, was getting to the point of investing more in ongoing maintenance that the outboard was worth. At that stage it was 15 years old with just under 800 hrs. It was age rather than hours e.g. corrosion, engine mounts, starter. The hull it was on had huge sentimental value but realistically wouldn't do what I wanted into the future. I ended up selling the whole package for what I considered a fair price, which is not to be confused with anything like the amount I had put into it, which was substantially more. Then it was major upgrade time with a view to hang onto it for another 20+ years.

Given the hull that ReBait is, I don't believe you'd get huge gains in a new hull unless you went much bigger.

Those hours don't appear to be a big issue in a modern motor. I wouldn't buy one second hand with them due to the unknown treatment factor but when you did them yourself you know the history.

I'd keep on as is until reliability became questionable, then repower.

If you wanted a sound investment then you wouldn't own a boat! Casino and put it all on black anyone??

[Greg P]

Big V8 Pro XS would be sweet hanging off the old girl. Tough call, don't bother with the maths but as it will never add up. Youve done well holding onto her for such a long time, I would be getting a new one but the Pacific Sportfish SuperVee were a good hull - what would you get if going new?

[Lucky_Phill]

Good question Greg.... ReBait is a great hull and still in top condition. Motor is also in top condition, bar a couple of bolts with surface rust. I actually think it has always been under-powered by about 20hp or so.

Having said that... a 35ft Bertram would be worth considering Triple 5 Cummins ( turbo'd ) and 6kva Onan............ mmmmmm thinking

LP

[gazza2006au]

Just what i think a new donk is worth the reliability if your old engine has 2800 hours you could be stuck 100nm off the coast if she gives in than you'll kick your self

[Noelm]

Give the 555 Cummins a miss, but....repower would be my pick, providing the boat suits what you do now, and expect to do in the next 10 years.

[Lucky_Phill]

Just what i think a new donk is worth the reliability if your old engine has 2800 hours you could be stuck 100nm off the coast if she gives in than you'll kick your self

Yep, I wouldn't be 100nm offshore, maybe 70k's, but I know what you mean. but even then it's only a $800 tow back in, then new donk.

[Lucky_Phill]

Give the 555 Cummins a miss, but....repower would be my pick, providing the boat suits what you do now, and expect to do in the next 10 years.

That's the thing Noel, I have one eye on the future... and one further along.

I am doing OK at the moment handling the big boat by myself, but one day

A big ass Bertie might just do the job in a few years... no launching, retrieving, but obviously mooring costs are a concern.

cheers

[Noelm]

There's a bit more to it than just mooring costs and expensive routine maintenance, unless you have a very secure marina, then everything has to be taken to and from the boat every trip, bait, ice, rods, food and so on, a trailer boat, you load it all in at home in the driveway. I know it seems harsh, but 10 years is a big change in life once you get a few decades under your belt, not just health, but simple mobility starts to come into play, personally I don't use the "big boat" much now (18' cat) I don't quite know why, but, it seems like too much trouble, whereas the tinny now gets ten times the use it did a few years ago, crabbing and messing around seems like more fun, plus the grand kids love it, who really knows what is around life's corner?

[Lovey80]

With the amount you use the boat I would be hanging onto and maintaining your current engine until it starts giving you problems. It could easily last another 5 years and re-sale on any outboard over 1500hrs is super low anyway. In 5 years time you may be looking to go in a different direction completely and the repower would make even less sense.

[Lucky_Phill]

There's a bit more to it than just mooring costs and expensive routine maintenance, unless you have a very secure marina, then everything has to be taken to and from the boat every trip, bait, ice, rods, food and so on, a trailer boat, you load it all in at home in the driveway. I know it seems harsh, but 10 years is a big change in life once you get a few decades under your belt, not just health, but simple mobility starts to come into play, personally I don't use the "big boat" much now (18' cat) I don't quite know why, but, it seems like too much trouble, whereas the tinny now gets ten times the use it did a few years ago, crabbing and messing around seems like more fun, plus the grand kids love it, who really knows what is around life's corner?

Yep, I have the 4.3mtr tinnie for myself, easy to handle, clean , launch and retrieve.

The big boat, is what you say, sometimes it just seems a bit too much for the outcome. And some boat ramps come into play with limited accessibility for a one person launch.

I have spent plenty of time in 28 - 40 footers and really like the stability, room, everything stays on board, marina mooring is good, but the costs up here are stoopid.

Yes, there is ongoing maintenance, but at least one can access the areas to maintain and with a good mechanical and electrical knowledge , maintenance is easy enough.

ahhhh the nights , moored in the marina, sittin in the cockpit, relaxing with a tipple and putting Bream etc in the esky for hours on end........ memories

Then, first light, heading offshore for some real fun..

[scottar]

With that sort of return on the traded engine, provided it has no corrosion issues, I would say drive it till it drops or maintenance costs start to escalate if you are happy with the hull. Fuel isn't a viable reason unless you are short on range. A newish, maintained engine, is arguably just as as reliable as a new one. I'm in the same boat - 2006 200HO Etec. To date it has never stood me up, It's worth next to nothing. Unless it fails "mid bar", which I have no reason to believe it will, the only additional outlay is the tow home. I'm pretty set on keeping my hull having just done the hard top - once again though couldn't justify the huge price differential and then subsequent depreciation in trading up to a new factory one.

The Bertie - bit hard to tow it to 1770 . All comes down to budget. Once you start keeping boats in marinas though, it's spelled "BOATT".

[blacklab]

ppppppppppppppppppppppppppppppppppppppppppppp

[disorderly]

You only live once..

and with interest rates so low, money in the bank is pretty much useless..

Buy your dreamboat and get amongst it....stripper pole on the back deck would also be a nice touch...