$1,300,000 Million Luxury Catamaran ... TOTAL LOSS?

[@WillFixThat]

Would YOU buy this Luxury Catamaran? This one sank a few weeks after this Trimaran we shared over a year ago ▶ kzbin.info/www/bejne/eom9mYyajZWWoZo

[@mikepalin1333]

no chance

[@oh-brothers]

For anyone thinking about buying a boat... this channel is your reality check !!!! Great video !!!!

[@WillFixThat]

You rock thanks for the awesome feedback … yes reality is boats are pricey BUT also amazing!

[@originalfiremancancelled7303]

@@oh-brothers no I think that example would be my last boat. I’ve had dozens in my lifetime but the last one I believe I had close to 140,000 in it and sold it for 10 g cash.

[@steveedlund3218]

Ouch 🤕

[@ddepair1013]

Wish you were near Cape Coral! Love watching you work! We need your talent up here!

[@WillFixThat]

You can always come down here 😁 many of our clients save up the work and give us a list when they arrive.

[@mickythompson4866]

Get the hull repairs done so she is water tight, then use is if to live on . Then carry it the interior repairs as you go

[@WillFixThat]

Yes that’s what the new buyer is planning to do.

[@recklesswhisper]

The black mold would kill you! ^..^~~

[@WillFixThat]

@@recklesswhisper exactly

[@gbnkids]

Woohoo! Ac video! Love it. Captain Greg

[@WillFixThat]

Hey Greg did you come down for that last weather event hope you did ok up there!

[@tinytoons2517]

I like the work you do, your a fascinating chap.

[@WillFixThat]

Just fixing stuff.

[@stevetadlock5223]

He Loves that skiff, It's just like the Boston Whaler he had here in San Diego!

[@WillFixThat]

lol 😆

[@davidlasanen7690]

not a chance, way to much money repair, and hi to you and your crew from David Lasanen a gringo living in Medillen Colombia, i love your videos.

[@WillFixThat]

Appreciate you David how long have you been watching?

[@Grottolova]

You'd have to pay me $250,000 to take it 🥴

[@WillFixThat]

Yeah we wouldn’t want it for free either.

[@originalfiremancancelled7303]

I may think about it if they paid me quarter mil to take it

[@nno6aew]

What a mess. Junk it.

[@shoppingonchampagne]

We LOVE birthday month! 💕

[@WillFixThat]

Yay Birthday Month is always fun! How’d you like his little attitude? 🤣

[@shoppingonchampagne]

@@WillFixThat LOL, yes! I caught the 'tude! 😉

[@DaDuddaMan64]

I've only navigated my boats off the jersey coast and the Delaware River. I actually looked up the northwest jetty just in case I ever go there. I came across your page and watched many back to back. There's multiple boat damage videos due to this jetty . Hey I hate to see any hardships but Job security my friend, best wishes to you and the crew ty for the content

[@WillFixThat]

Thanks for watching Richard you just need to watch your instruments when you’re in the area. Like anything you have to be careful.

[@billsrq1788]

Hello from Siesta Key Florida

[@WillFixThat]

Wow Bill been thinking about you up there… how did you make out with the storm?

[@tomrogers323]

Gut it! Make a land locked Air B&B I don’t think even parley revival would walk away from this one…..

[@WillFixThat]

You think they would repair this?

[@J.McKnigj1612]

That's actually a really creative idea. I don't know if you could come out at $250k but that is a cool idea.

[@recklesswhisper]

Like the title, it's total loss. ^..^~~

[@WillFixThat]

@@recklesswhisper That's what we think too!

[@kona959]

Parley revival taught me alot - Only 10% of the work is readily visible.

[@GuyThompsonFWTX]

How does insurance handle a situation with a boat like that?

[@WillFixThat]

Depending on your policy.

[@stevez7854]

I love projects, and I'm good at pushing projects to completion, but jeez I would have to get this boat super cheap, and have a reasonably cheap place to do the 3-4 year rebuild

[@WillFixThat]

Exactly this is a huge project!

[@steveedlund3218]

I'll do it with you if you want. I have a Marina in Marathon. Storage costs ZERO. There's my name and everyone in the Marine industry here will give you my phone number. KCB Boat Rentals

[@stevez7854]

Daaaaamn, is that tempting

[@strikeryachts]

Did you get the Boats and Harbors ? Do a clip on it.

[@WillFixThat]

Not sure what you mean?

[@johnperry7534]

It’s only work, I work every day , it’s just work , it needs to come back to every component costed out but the work you can do yourself , it’s not worth it at a commercial rate but it’s worth it for an owner builder . As a loss adjustor the formula is cost of components, cost of labour , cost of variables , cost of storage , cost of managing work, against cost of a similar boat in good condition , minus cost of history of sinking reputation . That’s it, it’s a simple equation and the more accurate you can get those figures will give you the value of the hull as it is now.

[@WillFixThat]

No value … it’s not worth it.

[@robertjosephik4010]

Could it be stripped and sunk for a reef?

[@WillFixThat]

It’s an idea if it weren’t back for the environment. You’d have to strip is bare.

[@JohnSmith-qi9qs]

Shred it!

[@WillFixThat]

Yup exactly

[@scottmaz4063]

Good morning

[@WillFixThat]

Hi Scott!

[@waltergiesbrecht7116]

Only been watching you for a relatively short period time, about three months. From your other videos, you are extremely busy. To take a job on like this, from the thousand foot elevation, I’d say a project manager would be required. Someone you can trust, and I mean, trust. You know the value of the boat better than anyone, both in the present condition and in the future condition. The manager would have to have extensive knowledge about boat repairs, carpentry, electrical, heating ventilating, and air conditioning, just to name a few. Can’t forget about the engines and the fuel system and the water system. After saying all this and you being as busy as you are, my first tendency would be to say “ I think it’s best if you stay away.”

[@WillFixThat]

You’re right Walter this is a time suck for any business!

[@Antipodean33]

Not only are you starting with a bare hull, you've got a ton of work to get it to a bare hull, then you have to fix that broken hull then do the fitout, in my mind I wouldn't touch that if it was free

[@WillFixThat]

Exactly what we think someone bought it.

[@mortalman01]

No way Jose, she’s too far gone.

[@WillFixThat]

Yes exactly what we thought.

[@Noneya-bw5gm]

So is there any realistic market/dealer for salvaged boats that wouldn't be nickel and dimming you to death beyond what a new boat would? Should a new boat buyer even consider it?

[@WillFixThat]

No buy the new boat not this mess! Cost you more money, aggravation, and tons of time. Read the comments below you’ll see what others have to say that have the experience or knowledge. Maybe a handful would consider it OUT of all these comments.

[@originalfiremancancelled7303]

Well over 1 million to repair I don’t think I would even take it for free because the cost of shipping it or storing it

[@WillFixThat]

You are right we wouldn’t want it for free either.

[@SkypowerwithKarl]

It’s so hard to try to tell people what kind of work it’ll take to make this a boat again. Some will only learn after they start, most won’t finish. Even if it’s repaired, you’ll be upside down in value even with free labor.

[@WillFixThat]

We tried to tell the 2 guys but they always think they know better unfortunately.

[@SkypowerwithKarl]

@@WillFixThat Know better than you? That’s a hot one 🤪

[@WillFixThat]

@@SkypowerwithKarlwell their mistake … one has our written invoice. 👍

[@elwoodanderson4149]

RUN

[@WillFixThat]

Exactly

[@mikeblack6953]

It wouldnt take long for storage costs to exceed whatever value it may have.

[@WillFixThat]

You are right Mike I bet it cost over a $1k a month here.

[@mikepotter6426]

It’s better now than before it sank

[@WillFixThat]

Oh boy it’s a mess.

[@chrisrancat2808]

A daunting job that would take years for a small team. Throw an army into the resto and the man hours would go to the moon and still take way too long. By the time it's finished the technology will have changed already. Bail out on that nightmare unless its free.

[@WillFixThat]

You are exactly right!

[@MHow1900]

Would not

[@WillFixThat]

Exactly… right answer.

[@LawrenceTessier]

RUN as far away as you can!

[@WillFixThat]

That’s exactly what we think but someone bought it!

[@crgeorge1]

@@WillFixThat - that new owner has a ton of time on hand, it's probably at least a year to get it in shape

[@WillFixThat]

@@crgeorge1plus time to get parts!

[@stevetadlock5223]

That boats a write off, unless you can get it to Taiwan cheap for repair! If you ever make it out by buoy 31 say hi to my brother Scott & Cat on the "Double Floater" a 2019 46' Leopard!

[@WillFixThat]

lol I think we helped Scott with his little boat.

[@stevetadlock5223]

@@WillFixThat He Loves that skiff, It's better than the Boston Whaler he had here in San Diego!

[@WillFixThat]

@@stevetadlock5223 sounds like it

[@fatcat-hc4pj]

Hey guy's

[@WillFixThat]

Hi fatcat Happy Sunday!

[@DrEd-th2lu]

If I owned a marina maybe. Paying for storage and all the other expenses would kill any profits. Someone will buy it and make a KZbin video on it.

[@WillFixThat]

Just think someone has paid for it to sit for like 16 months already.

[@rictech.]

I couldn’t even pay for someone to give me a estimate to fix !! Let alone storage

[@WillFixThat]

Exactly

[@kbrown1350]

Not a chance, that would be a project that would take forever to complete and you would have far more invested than it would be worth in the end.

[@WillFixThat]

Exactly what we think…

[@steveedlund3218]

Diesel fuel works just as well. Cheap hack. ❤

[@WillFixThat]

@@steveedlund3218lol for sure … poof! 😂

[@SkypowerwithKarl]

The scrap value won’t cover the demolition and disposal.

[@WillFixThat]

Exactly right expensive lesson.

[@prant8998]

First purchase, a case of WD-40.

[@WillFixThat]

For sure 👍

[@martinbowers852]

too old to tackle a job like that, the cost would be crazy ya. you two take care

[@WillFixThat]

Thanks Martin this is a huge project.

[@gpsteel4220]

The heads can be salvaged. 😆

[@WillFixThat]

That’s about all 😳

[@mrbill8542]

You couldn't even make a good bonfire out of it !!!

[@WillFixThat]

Well at least it’s all dry now from sitting for so long.

[@dadejazzba402]

That's a one dollar boat

[@WillFixThat]

You probably couldn’t give it to us for free!

[@crgeorge1]

Great video - probably would take it for free - too much work, $$, time / effort, etc

[@WillFixThat]

Yeah I would not want to have to fix it. 👍

[@dellis8267]

No way, $250K for a row boat. You would be crazy to take that project on. That poor boat will never be right again, no matter what you spend on her. What a shame.

[@WillFixThat]

Exactly

[@vancesprock2590]

Looks like 1 mil plus to fix it, time for the scrap yard

[@WillFixThat]

Exactly what we thought…. Someone else bought this recently… crazy.

[@jackdbur]

Sailing Dauntless bought their completely sunken 50 for under 100 thousand.

[@WillFixThat]

@@jackdbur yup it can happen the trimaran that sank last year the guy got it for 50k

[@AndyCan]

Guaranteed to take twice as long and cost three times as much as whatever anyone thinks; and to be a constant source of grief thereafter. If that’s what you’re after go for it!

[@phillyg760]

It's possible to bring it back to life (Sailing Dauntless), but it's a labor of love. Makes no sense to do it as a business, or by anyone as a part-time effort after working a 40-hour week.

[@WillFixThat]

Exactly Phil this has to be a fun project that you show KZbin fans cause this is going to be a full time job.

[@richardthomson4693]

no might have been saveable if someone did some real work on quickly after it was refloated

[@andrew7202]

I’d buy it but if the insurance company is getting 250k out of me they are on some good shit lol

[@WillFixThat]

Actually the owner was selling it.

[@jackdbur]

​@@WillFixThatHe is smoking some good shit 😅 50k to 90k .

[@WillFixThat]

@@jackdbur wow your generous.

[@tomatobrush3283]

I can see why these boats end up in scrap. Realy have to catch the boats at the right time to make them viable for repair.

[@WillFixThat]

It’s hard to repair any boat that has sank.

[@tonytowhitch]

25.00 not a penny more!

[@WillFixThat]

Nice Tony.

[@torpedo2030]

With the supply of new and used boats on the market, I would pass on this boat.

[@WillFixThat]

You are exactly right.

[@dennyweaver3001]

Run

[@WillFixThat]

Exactly what we say.

[@richardthomson4693]

My look at it is whats it worth is parts, I feel 50-100K USD in parts like glass/windows, hatches, stainless/bight work in raw dollars. But whats the demand for parts for these yachts. Probably little demand so you are going to be sitting on them a long time

[@WillFixThat]

Going to be more than that in parts cause you need 2 new engines.

[@richardthomson4693]

@@WillFixThat no thats its parts are worth if you pull the good parts and scrap the rest. From memory those glass windows are 3800 each for a 42 power cat

[@J.McKnigj1612]

No way I would touch that one.

[@WillFixThat]

Agree.

[@davidguy1575]

Sad to see a boat like that, but I think it's time to pull the plug. You'd spend hundreds of thousands of dollars and it would never be the same..$$$$

[@WillFixThat]

You will have constant gremlins on this boat.

[@jacobuszwanenburg1629]

It’s a lot of work …. It’s a lot of work …. Two sides $$$x2 If you have a yard at no cost If you have knowledge of fibreglass repairs If you have mechanical skills if you have serious electrical knowledge And on and on ….. Then maybe but once submerged in salt water and time past Unless you know ! Let it go 😂

[@WillFixThat]

Exactly thanks for sharing these lessons!

[@freedomwanderer]

I would say thats a total loss. If I owned it I would not want to take the next year and have to rebuild practically 90% of the boat.....lol.

[@WillFixThat]

Exactly the time and money!

[@billiondollardan]

Hell, I wouldn't take this thing for free

[@WillFixThat]

Us either.

[@jetlag4754]

I think I would pass on the sunken boat.

[@WillFixThat]

Right answer.

[@Chris_In_Texas]

Nope... I would run away from that for sure. While every cable has to be replaced, with the hull attached to the top deck it will be a huge pain. Yet alone the structural issues now. With a core hull water will get all through that for sure! Don't do it! 🤦‍♂🤷‍♂ Many manufactures won't support salvaged boats, for liability reasons.

[@WillFixThat]

Agree completely…. This is a mess. Someone bought it.

[@DChase-ky2pg]

Good morning. Even if I had the money, No way, Jose! I was checking out the Wandering Hillbilly and what happened to his power Cat and it wasn't worth it. Wonder if the insurance paid them and was the savage team fair.

[@WillFixThat]

Yeah it always cost more than you expect!

[@c.a.mcneil7599]

Time is money the cost of time and equipment can’t see it worth it.

[@WillFixThat]

Think you are right 👍

[@terryfry2964]

Not a chance

[@WillFixThat]

Agree 💯

[@SLSLSL-u8v]

No 😮

[@WillFixThat]

Exactly

[@JohnRusatsky]

A big no !!

[@WillFixThat]

Agree with you. Someone bought it.

[@paulparsons3416]

5K

[@WillFixThat]

You’d have a project. 🤣

[@strikeryachts]

50k

[@WillFixThat]

Wow you’re generous …

[@militantnormal428]

Drag it to the middle of a Indiana and turn it into an Air BNB! If you get it for free!

[@WillFixThat]

It’s going to cost a lot to get it there.

[@gadgetdarmstrong8070]

Having spent a lot of time unfitting my Leopard 43PC I would estimate the following; Just parts to repower, refit, reAC, reGenset etc. $550K time to get the parts 24 months. Labor to install and get the boat sea worthy 300-500K. When you are done you have a boat that is likely 4 years older with massive damage history and worth maybe 500K. This is scrap.

[@WillFixThat]

Exactly thanks for sharing agree completely!

[@brandonthorbahn2405]

No way. Unless you’re a seasoned mechanic who likes dealing with endless gremlins. Even after replacing everything I’m sure there’s stuff wrong you can’t even see. That’s a never ending project. I’d Stay very far away!!!

[@WillFixThat]

Exactly what we told an interested buyer.

[@watomb]

I’m guessing it’s 17k to scrap it.

[@WillFixThat]

Maybe.

[@steveedlund3218]

I'll do it for $10K

[@duartepaintinghandymanservices]

I wouldn't even take it if you paid me $250k

[@WillFixThat]

Yup agree.

[@IamSpectre2020]

I have been building and fixing boats for 35 years here is the deal I would charge them $5,000 to remove it off their hands.

[@WillFixThat]

They’re looking for way more than that … lol.

[@AquaMarine1000]

​@WillFixThat At that price, they are dreaming. It's an insurance right-off for good reason.

[@captain7767]

Would not touch it

[@WillFixThat]

Agree 👍

[@williambrown238]

All I see is scrap. With all the parts and labor... not to mention the actual structural damage.... how much more would a similar boat sell for in good condition? It's been my experience that this route is way more expensive

[@WillFixThat]

Agree with you … someone bought it!

[@paullambert6485]

Not worth trying to fix in my opinion. You could sink 1 million into it then realize you missed something that would put the boat back on the bottom .

[@WillFixThat]

You’ll have gremlins forever on this mess.

[@Scott-rr7dy]

NOOOOOOOOO.TRASH IT.

[@WillFixThat]

exactly

[@nigelwomersley403]

US$20, 000 if you are young and very energetic

[@WillFixThat]

20k might be to generous

[@mikeneumann4660]

Go sync that thing for a diving reef

[@WillFixThat]

Yes strip it clean and use the hull.

[@rcrogers6]

NO, never!

[@WillFixThat]

Right answer 🤣

[@edbern7387]

They have to pay me.........

[@WillFixThat]

You’d have to pay us too!

[@perryconnor697]

$10,000 at the most

[@WillFixThat]

Your generous.

[@johnrichard5902]

After it sits in the yard for six months it’ll get cheaper

[@WillFixThat]

It’s been there about 16 months already.

[@paulmesser7848]

Total loss, if you could buy a hull and structures from the manufacturer, (never happen) if would be a less costly build.

[@WillFixThat]

Yes of course you’ll be luck to buy all these panels again. It’s sold already.

[@sparksmobilerepair4025]

hell no that's junk for the landfill at this point

[@WillFixThat]

That’s what we think … someone bought it.

[@sparksmobilerepair4025]

@@WillFixThat that's insane

[@WillFixThat]

@@sparksmobilerepair4025well we need to be respectful in case but must have plenty of money.

[@WillFixThat]

@@sparksmobilerepair4025 it’s crazy

[@WillFixThat]

Definitely expensive mistake.

[@chrisjohnston4400]

Sometimes 0 is too much.

[@WillFixThat]

Someone bought it.

[@Goearthtour]

I love KZbin for stopping me from buying a boat. Here’s what is going to happen. Some P. O. S. Will buy that and do a tiny fraction of what it needs then sell it to someone with more money than brains who will have nothing but trouble with it and never enjoy it for one moment.

[@WillFixThat]

Hopefully that doesn’t but it can unfortunately.

[@peteranderson6172]

It's cactus 🌵 if you got it for nothing .. It would sink you, rebuilding her

[@WillFixThat]

Yup not worth fixing.

[@dhall7890]

I see 20$ in scrap metal.

[@WillFixThat]

Maybe the recycle guy will haul it away.

[@matthewharrington2431]

Absolutely not

[@WillFixThat]

Exactly right 👍 someone bought it.

[@juergenzenner4219]

How much drugs took someone and ask for 250000$. Even 1$ is too much. What is there 250k worth??

[@WillFixThat]

No idea it’s crazy and someone bought it.

[@learigg]

No chance

[@WillFixThat]

Exactly

[@pm1104]

The boat is an absolute waste of money ! 😊

[@WillFixThat]

Exactly what we think.

[@ralphjones7240]

Salvage what you can, junk the rest.

[@WillFixThat]

90% is junk.

[@daveerrington5166]

Being at catamaran. No.

[@WillFixThat]

Exactly

[@P-J-W-777]

No way I’d pay 250k for that amount of work. You’d have every bit of an additional 250k plus to replace everything that needs to be replaced plus the man hours.

[@WillFixThat]

Exactly 👍

[@derjaeger3321]

Not on your life. Why the heck did it sink?

[@WillFixThat]

It hit the jetty.

[@derjaeger3321]

@@WillFixThat Ouch!!! That was an expensive bump.

[@goofy4birds]

hell no, too many other options of 250K getting a working key ready boat

[@WillFixThat]

You are right!

[@bradbaumgardner9185]

Not for 200k maybe 20k

[@WillFixThat]

Wow your being generous Brad 🤣