$750,000 Regal Center Console TOTAL LOSS?

[@WillFixThat]

This is a beauty .... but a total loss! The owner found his boat sitting on the bottom of the ocean! Would you buy this boat from the insurance company and rebuild it knowing that was completely submerged in salt water?🤔

[@WillFixThat]

Us too and we do this work every day! Has to be a steal of a deal!

[@Turbotalkin]

How did it sink?

[@WillFixThat]

@@Turbotalkin Not really sure the story but something about the tide and the dock.

[@wallacejeffery5786]

Nope

[@WillFixThat]

@@wallacejeffery5786 fair enough 😁

[@chiphill4856]

Great video. My biggest question is: why on earth, with all of the incredible center consoles on the market today, would anyone pay $750k for a Regal??

[@WillFixThat]

Not really sure …. It was fully loaded!

[@franciskikuchi6466]

⁸

[@mikephillips8648]

Because a real boat like that costs 1.5 million

[@chiphill4856]

What we call a Sofa Boat, in South Carolina. Lots of cushions and vinyl and carpeting and all sorts of places for salt water to get into and never go away. High comfort, but high maintenance and low style points.

[@ammoalamo6485]

Because it has those cute little AC vents? Geeze, you can buy lots of boat for $3/4 million, but it impresses your friends when you spend that much money for not much boat, though it has almost a hundred grand in outboards alone.

[@rogerbayzand4455]

Having salvaged several sunk boats I would take this on but the main problems are likely to be hidden, therefore it would have to be really cheap. So many of these production boats have areas that are virtually inaccessible without stripping out the liners, with the amount of water that has been sitting in the interior much of the internal structure is going to be stuffed, so in places you would be going back to a bare hull. Greetings from Australia, Key West is out favourite place in the USA.

[@WillFixThat]

You got awesome ideas above you’re exactly right! Without doing everything in the boat you will have gremlins later! Cheers from KWest! Thanks for sharing! We have another video coming soon just like this one 👍

[@paulthompson1216]

Looks like a project boat for ‘born again boating’.

[@WillFixThat]

If insurance wants to fix this … we could do it for the owner but we wouldn’t buy it as a project!

[@jeremygillette6843]

Building boats can add up quick. Probably looking at 120k-150k in just motors. So even if you bought it at the salvage auction you better have deep pockets.

[@WillFixThat]

Money adds up quick & so does the time! 👍

[@roch145]

The biggest question is - what’s the resale value if it was repaired and the fact that it was under water was disclosed? If you are buying it to repair and resell, what’s the potential profit? If it’s a slim profit, is it worth the time and effort? Someone is not doing their job (certainly at the insurance company Or possibly at the yard) if the the water in the bilge hasn’t been emptied. I don’t know if a boat this big has a drain plug , that would be simple enough to do. At least get a 12 volt pump in the bilge and empty it. And as you said a fresh water cleaning would be very helpful. All the electronics that need replacing speaks to what the down the road maintenance headaches would be in the future even if the boat hadn’t sunk. The motors and such that are required just to gain access to the stern compartment are cool in the beginning and I’m sure help to sell boats. But when you have to shell out $10k 10 years down the road as part of normal maintenance, that’s scary. Builders really need to simplify their builds. And it would seem the owner wasn’t very knowledgeable about how to tie a boat to a dock when the tide is changing. If I owned a million dollar boat I’d certainly have a bilge monitor for water with a cell connection. If I was an insurance company I’d require it as a condition of insurance.

[@WillFixThat]

Thanks for watching ….. you’ve got some great points love it! Yes simplifying things would be good but even new cars these days all electrical and complicated so normal people can’t work on their cars.

[@djcordes4352]

It would nice to know what the approximate cost was to repair it on these videos.

[@WillFixThat]

Thanks for sharing about the cost! Estimated cost here was more that what insurance would pay so it was a loss! How long have you been watching our channel?

[@thomasmartucci3590]

Should resink it in freshwater first for a good soak LOL

[@WillFixThat]

Lol 😂 there’s some truth to that statement!

[@avl10043]

lol would likely help

[@joedurso5192]

One of the better comments I’ve seen all year. Funny as hell but actually makes sense to me

[@garynoll700]

Like you said everything has to go. Cant imagine trying to replace it all.. possible to save the hull.

[@WillFixThat]

This one needs a lot of work did you see our trimaran video it sank too!

[@goutvols103]

Thanks for sharing. Do you have any idea on how/why the boat sank?

[@WillFixThat]

Thanks for watching…. The tide came in & boat & dock got tangled up somehow ….

[@robertbennett6697]

If I asked how much it cost to fuel it up would you know why I wouldn't consider messing with it under any circumstance?

[@WillFixThat]

You saying it cost an arm and a leg? 🤣

[@richielittlewood867]

Love watching what you and your team do. You are masters of your craft. Not an easy task.

[@WillFixThat]

Thanks for appreciating our work Richie! You’re right it’s not easy!

[@sbuzz5889]

how did it sink hose fail? helps to know vulnerable areas besides a reef all the keys couple feet of water

[@WillFixThat]

We were told that the tide came in and boat and dock had an issue.

[@johnszafarczyk]

what made it sink?

[@WillFixThat]

Tide changed and boat got tangled with the dock some how!

[@SuperTinyTurtle]

What would cause a boat this new to sink?

[@WillFixThat]

The operator left the lines to loose. Tide went out, stern of boat went under dock. Tide came up, held stern down and IMO due to poor design water flooded in and overwhelmed the bilge pumps.

[@MadLudwig]

The right approach is to dismantle the entire rig. Remove the engines, hard top, and separate the hull from the deck if possible. Then rewire the entire boat. Save the upholstery for templates and send the parts off to a place like Gioia Sails in Lakewood, NJ for reconstruction. Replace all electrical and electronics, pumps, head, fridges etc. Then evaluate the engines off the hull. They may actually be rebuildable. Huge undertaking and probably well over $150 - 200k.

[@WillFixThat]

Thanks for sharing … your exactly right a huge undertaking if your not experienced! Engines may be Rebuildable or you can end up with constant gremlins! 🥴 our estimate was a bit more!

[@williammaxey299]

@@WillFixThat 9

[@tmacdizzle44]

Engines are bad but everything else should be ok

[@WillFixThat]

@@tmacdizzle44 the electronics probably need replacing!

[@philstalinski8694]

was in kw this winter... saw this thing underwater at the marina i stayed in. total bummer. the story around the dock was that they left the bait pump on. is that correct?

[@WillFixThat]

Hi Phil thanks for sharing and watching .... by chance what marina? We didn't get that story ... Insurance told us something about the boat and dock got tangled up and dock lines, tide came in and flooded the boat. We have another bummer of a video coming up again soon. This one got stuck on the jetty!

[@philstalinski8694]

Sunset marina by jail

[@WillFixThat]

@@philstalinski8694 thanks.

[@willshunting]

I am puzzled why external fittings, otherwise inevitably destined to exist in a saltwater environment e.g. if the boat was kept afloat in a marina, are showing corrosion to the point of warranting replacement.

[@WillFixThat]

The boats have a bonding system that is hooked up to a sacrificial anode.

[@dhooter]

Why did a 750K boat with auto bilge sink in the first place?

[@WillFixThat]

Tide came in & dock got in the way!

[@dalesmith561]

Why do people call a boat Hull, a haul, or hall?, and the skeg on the engine the skag?

[@WillFixThat]

Sorry maybe just our accent! Thanks for watching!

[@dantheman1998]

So if noone buys it. What happens to it?

[@WillFixThat]

Someone will buy it as long as the insurance company has a realistic price!

[@johndeer4250]

buy it nop but fix it is easy all new vinyls and electronics are easy to replace and the wires should be fine for reuse the engines are yammaha so a flush should do I did sink one once and this engines don’t die not even the computer suffer on mine but Im curious why did it sink? drain plug? or capsized? because that bottom looks really good

[@shyman9023]

I don't see where you would have to replace all the wiring if they used tinned wire and waterproof connectors. When I rebuilt an old Starcraft that is what I did, but maybe not on a cheaper production boat.

[@WillFixThat]

From our experience the wiring all needs to be replaced the salt water is bad.

[@shyman9023]

@@WillFixThat You wouldn't think that if it wasn't in the drink that long. But guess so if you want to be sure everything is good.

[@barry8458]

My question is how u sink a boat like that ?

[@WillFixThat]

Unfortunately we don’t always know when insurance is involved but we heard something with the dock and the tide coming in.

[@StarChasersHere]

Nothing but Yard Art.

[@WillFixThat]

Yup or dumpster diving 😊

[@monty496]

I'd most definitely buy it. It's a great hull setup and since it's gotta be completely gutted anyways you can take advantage of that and completely spec it out to your needs and customize it to what you want it to be

[@WillFixThat]

Yes great plan … thanks for watching!

[@nicomeier8098]

My thoughts exactly. It all would depend on the selling price of course but it could be done no question. The engines I'm not sure though, they would need to be completely disassembled and rebuild with lots of fresh components and only if the cylinders can be refreshed. Not sure if that would be worthwhile.

[@corail53]

With a full sink - it could have water in spots that are totally inaccessible due to the construction of these things. That would be the only thing worrying me. Those engines could be rebuilt, the ulpolstery can be cleaned up pretty well or repaired. Electronics are the biggest cost if the first issue is not a concern followed by the interior.

[@kennethpereyda5707]

Would be on your boat title like a car- totaled or salvaged title ? If it would have that then no.

[@WillFixThat]

Yes could have a salvage title.

[@mikegaydos3114]

insurance cost would be the major deciding factor , next will regal sell a harness set rather than building one from scratch , all new engines and engine harnesses , and do you have a crew of at least 5 to get it done in a timely matter . rebuild cost will probably 1/2 the boats value

[@WillFixThat]

Your exactly right Mike .....

[@benbirkigt493]

Why did it sink ????????

[@WillFixThat]

Something with the tide coming in & the dock.

[@io7664]

So when is the boat going to auction got 10G

[@WillFixThat]

We have no idea it’s current status!

[@io7664]

@@WillFixThat how much would a boat like this go for ( ball park)

[@WillFixThat]

Its already been moved up north not sure when the auction is if at all.

[@mikeguedes1138]

how can all the upholstery be bad? unless its torn it can be removed washed and let dry

[@WillFixThat]

Yes if the insurance company paid for mitigation but they just let the boat sit! We have another video like this one coming up in a few weeks! Matt & Insurance guy talk about the cushions …

[@0718dm]

If rebuilt will it be insurable?

[@WillFixThat]

Might depend on the insurance company! Boat insurance is getting harder to get!

[@kimdresser7739]

This boat sank at our marina. Floating docks. Hmm. Dock Lines got tangled?? 🤔

[@WillFixThat]

Yes we just found out today where it happened! That's what we were told!

[@genegeneish]

Why did it sink?

[@WillFixThat]

The tide came in and boat & dock got tangled up … boat found on the bottom.

[@timgore2502]

So what did they do with That one ?

[@WillFixThat]

We were able to save it …. Its getting new lower units now! Literally at the shop waiting to be attached!

[@WillFixThat]

Once we were done the insurance took the boat up North … a viewer said it ended up at a boatyard near them I believe West Cost Florida! They left a comment below.

[@renerusso3332]

Why did it sink

[@WillFixThat]

Something with the tide and the dock.

[@sandlmv8301]

As an auto elec, I understand that there is miles of cables in this boat that needs replacing but I'd take it on and rebuild the motors myself if I got the boat under $20k. It's the instruments and the cable that will be the most expensive part but I'd think there's a decent boat to be had here for someone in the know. I think the motors will be ok after a rebuild, providing they weren't running when it went under. Obviously not worth you guys taking on because you probably make better money than the time.put.into this is worth. But for myself, working on it as a weekend project over a year, it would be a project worth doing. Any update since filming? Hope it's had a good salt removal wash.

[@WillFixThat]

All we know is shortly after it was hauled up north! For someone in the know it could be a great project if you have the time, energy & funds!

[@rickh3694]

where is the hole

[@WillFixThat]

👍

[@Gggggh580]

The boat sank for what reason? the hull is intact. what happened? can you tell us the story?

[@WillFixThat]

All we know is the tide came in & something happened with the boat & the dock.

[@Gggggh580]

👍

[@igloo211]

@@WillFixThat something seems off this is a good sized boat hard to sink unless on purpose🤷‍♂️

[@WillFixThat]

@@igloo211 not sure that’s just what we were told! Not for us to figure out lol!

[@jcsully]

Tied up incorrectly??

[@fishheds]

Were those console vents for AC, cause for 750K, that would be real nice while trolling. And would it need to be rewired if it had sank in freshwater?

[@WillFixThat]

Just vents for equipment space. If it sank in freshwater a lot could be saved!

[@peterme7265]

Geat channel your short and to the point i see in other comments how the boat sank the back story would be good since the boat looks not to have a hole in it as far as buying and fixing it has to be super cheap by the time u get electronics and electrical and u have deal with Regal with factory only parts i know if i owned that and they insurance company wanted to fix it even with new motors i wouldn't want there nothing like factory new

[@WillFixThat]

Thanks for watching! We weren’t really told any story before going to the boat! We heard the rumors after the fact!

[@ChuckSamuel-o9s]

The Airplane is not a Mitsubishi, Its a Shorts 360 Made by the Shorts Brothers in the UK during the 1980's, larger version of the Original Shorts 330

[@WillFixThat]

Ok thanks 👍

[@craigallenbaugh786]

Question is ...... how did it sink with no physical damage ??

[@WillFixThat]

The tide came in and the boat and dock got tangled up somehow and they found it on the bottom.

[@untapupkeepdraw5922]

The only issue with rebuilding this boat is really the price to me. Structurally it seems ok so if I could get it incredibly cheap I think taking a shot at it would be fine. But I doubt the insurance would let it go as low as I would feel good about buying it at.

[@WillFixThat]

Yes price is important.

[@corail53]

It fully sank and with how these boats are built, there could be a lot of water in places that you just can't get to, which can cause a lot of headaches later.

[@WillFixThat]

@@corail53 yes we call those headaches the gremlins later!

[@rodneynichols1]

Insurance company going to want atleast $240k to buy back..

[@MrGusinfla]

So what did they send you for????

[@WillFixThat]

Too access damage & show proof!

[@randy8643]

$200,000 of value there and $550,000 of repairs if you can even get the parts from the factory

[@WillFixThat]

Well it’s a newer boat … just depends on availability of parts which is a problem we face everyday!

[@TatsByTaco]

I would buy it and rebuild it for the right price. Im a DIY'er and i think after rebuilding my 1984 egg harbor 40' i can take on anything haha. Im guessing a solid $75-100k in parts but over 1000 hours of labor.

[@WillFixThat]

Yeah the labor will be intense here all the wiring etc.

[@TatsByTaco]

@WillFixThat for sure, all those fancy electronics make me take back my statement after thinking about it a while. There's just no way to nitpick every little fuse/ connections/ circuits inside every little device, it would be thousands and thousands of hours, not just a thousand plus. Rebuilding my egg harbor atleast had the luxury of having a lack of luxuries, not to mention she never kissed the bottom of the seabed before.

[@WillFixThat]

@@TatsByTacoexactly right 👍

[@jetlag4754]

Good looking boat. Very sad that it sank.

[@WillFixThat]

Yes and it will have gremlins its whole life!

[@marshallbrodie9974]

If this was a simpler boat and bought at the right price , rebuilding a sunk boat can be doable. This boat though is electronics intensive and I doubt it would sell at auction cheap enough to make rebuilding it worthwhile. Even though the hull is in great shape, you would need to replace essentially everything else that is attached to the boat. Maybe $250k in materials if replacing the engines plus another $100k in labor? Would it take several months to do? Plus whatever it cost at auction and transportation costs. And then, you still will always have a salvaged sunk boat.

[@WillFixThat]

Yes your exactly right! Thanks for watching! It’s a beautiful boat …. You wouldn’t know it sank until you got to the cabin part and saw the water inside! 😮

[@darnice1125]

750,000 dollar question, how did it sink?

[@WillFixThat]

Something with the tide and the dock.

[@georgemcdonald6665]

That's a U-boat ?

[@WillFixThat]

I’m not a mech what’s U Boat?

[@DirtySouth33T]

oh man what a nightmare, even some things you didn't touch on... like the gas tanks and how long will they last after a rebuild etc... I am sure the owner is devastated... no matter how much money you have that one has to hurt. I agree you need to replace everything I would even go as far as doing the tanks if i was doing it already

[@WillFixThat]

Might have to agree with you cause who knows how long it sat with the water in the bottom of the boat! Even if he can get a new boat he will prolly have to wait a bit with how bad some of these supply chains are for getting parts! Thanks for watching 😊

[@jeremygillette6843]

If you got the hull cheap it would be a nice base platform after stripping the whole boat. But I personally wouldn't rebuild what is there.

[@WillFixThat]

Agree you have to start stripping & installing new!

[@L0st-n0found]

Yeah this would be awesome as keeping basically the bones And the Yamahas should be find for somone the rebuild... Certainly wouldn't want if I was the guy to spend $750k on a boat for s n giggles but somone who would pay 50k for a boat may love that boat redone as a simple thing... Think giant Carolina skiff not a floating Bugatti

[@bigwooly8014]

Is that a Kershaw Leak you're tapping around with? Edit: 1:36

[@WillFixThat]

LOL what you doing checking out his Knife .... its like Matt's forth one 😁 It's his #1 tool! Thanks so much for watching!

[@constantinestamos]

So what you are saying is the dock lines are salvageable 😅

[@WillFixThat]

We’ll probably not 🤣

[@Dunkolunk]

It's been my experience. On these high dollar boats. $750,000 purchase price. $150,000 to disassemble and clean. $350,000 to repower and rewire. $100,000 for replacement electronics and misc hardware. My estimate is $600,000.00 to completely restore.

[@WillFixThat]

You are exactly right plus all your time spent and yard fees.

[@carllafrance5510]

Good call ! Plus another $ 120k -$150k for Un forseens ??? And if it is a open bow wave dipper that has been on the bottom who would want it ? Right up there with getting married cost a lot of $ there is some good ones And se really bad ones " hidden nightmares ! "

[@WillFixThat]

@@carllafrance5510we call them hidden gremlins that will haunt you 🤣😂

[@rski1036]

Based on my experience dealing with insurance, odds are they will hold the owner responsible for NOT immediately going to work to save as much as possible, starting with the motors. The damage is not done until the air hits it after removed from the salt water; and based on your walkaround sounds like that was not done. Odds are she was also heavily financed so the insurance will go to the finance company and the owner will incur a HUGE loss, and will still be responsible to the finance company for what insurance did not pay. Best guess is whoever owned the boat was a first time boat owner & had no clue or he/she would not have bought a Regal and now probably not another boat and even if he/she did, good luck finding an insurance company that will insure him.

[@WillFixThat]

Thanks for sharing did you see this weeks video another sinker! Owning a boat is like owning a house we have responsibilities! 👍

[@MarcusAurelius33036]

So what caused the sinking?

[@WillFixThat]

The tide changed an the boat and dock got tangled up somehow… boat was found on the bottom.

[@richkeylor787]

If you got that boat for free, it would still be a money pit.

[@WillFixThat]

Yes it’s just like if your boat was hit by lightning you can have gremlins for a long time!

[@KG_Fisherman]

As a project boat, I wouldn't give more that $125k because just from what I see and don't see, I'm thinking $575k for parts and labor.

[@WillFixThat]

Thanks for watching Kevin ... plus the time and headache getting it repaired.

[@wallacejeffery5786]

Good assessment

[@WillFixThat]

@@wallacejeffery5786 thanks for watching ..... agree its a big project!

[@JacksLore]

Your crazy $25k-$50k

[@andrewdixon3538]

The hull seems to be sound. What caused the boat to sink? That would be much more interesting to me than the project. I suspect a broken air conditioning hose or a broken freshwater hose and the owner left the boat hooked on to city water pressure while he was absent. I totally agree that there’s a lot that could be hidden particularly the fuel tanks and the fuel and hydraulic systems.

[@WillFixThat]

Thanks for sharing …. We were told the tide changed & the boat & dock got tangled up & the boat was found on the bottom.

[@justlivingfishingteam8255]

If the price was right I would rebuild it. I bought 2 Mercury outboards that were sunk rebuilt them it was expensive but being able to do the work myself was not bad compared to buying new. And I have rewired a sunk boat was not fun and expensive . So yes if it was cheap yes I would

[@WillFixThat]

Thanks for watching price maybe cheap but your time & labor costs too! It’s great that you can do much of the work yourself!

[@justlivingfishingteam8255]

@@WillFixThat it's a labor of love. I have been on the water since I was 12. That's when I got my first boat. I'm 48 now and built many boats to keep getting offshore.

[@WillFixThat]

@@justlivingfishingteam8255 super cool! Catch’em up 🎣

[@danielbenson6899]

I work at legendary marina in destin and I saw this boat! It was rough smelled terrible

[@WillFixThat]

I’m assuming they didn’t give it a fresh water rinse & the didn’t pump the water out! But, it over all looked good when we filmed!

[@danielbenson6899]

@@WillFixThat we actually pumped it at legendary and rinsed it the best we could I have some videos somewhere⚓️

[@WillFixThat]

@@danielbenson6899 how does it look now? I’m sure much more rust since it was a few weeks ago when we saw it! It never rained either once we left the boat…. It’s been dry here. Is the owner rebuilding or did insurance total it?

[@jimkeys7580]

Most anything can be fixed, but does it make sense. Probably not in this case. The sum of all the new parts (if even available) plus labour will probably exceed the market value of a boat labeled as "sunk". Sad. Would make a good simple dive boat, but not the boat it was.

[@WillFixThat]

Jim anyone with experience doesn’t want this boat! 👍 looks nice now but wait 🥴 time will tell.

[@jimkeys7580]

@@WillFixThat Agreed, but we both know that the insurance company will end up finding someone willing to put some lipstick on the pig and sell it to some unsuspecting newby who will end up paying the price in the future. That's why its good to watch channels like yours - to get educated! Thanks!!

[@WillFixThat]

@@jimkeys7580we’d hate for that to happen to a newbie! But, it could happen.

[@brettknutsen6476]

Hearing all the reasons why I’ve always said hydraulic actuated hatches etc are nothing but problems, not to mention how slow they operate.

[@WillFixThat]

Just think we couldn’t even show the engine room cause we couldn’t get it open … imagine how that looked! 😮

[@rktravels239]

That is my dream boat. I would totally have it fixed and put 3 mercury 400 v10 on it.

[@WillFixThat]

It's a beauty .... you have a great taste! 😃

[@wallacejeffery5786]

My opinion is don’t buy. If it was a 22-26 footer, without all the extras, it would be a lot easier to redo. This is a 18 month project plus a place to do the work. Was such a nice boat

[@paulkersey2179]

Depends on the price, but yeah, maybe

[@WillFixThat]

Agree price is important! 👍

[@charleszohfeld7228]

I like your shirt who makes it and can you show the logo more in depth please and thank you

[@WillFixThat]

Which shirt are you referring too? The grey shirt Matt is wearing or our merch shirts at the bottom of this video? Each shirt has its own logo!

[@b_rad5678]

Really depends on the price. I'd take it to fresh water after the build. Maybe only put 2 engines this time.

[@WillFixThat]

Less corrosion on fresh water!

[@emersonharper434]

So what would a fair price for a boat like this be from the insurance company? I've read the comments and come up with upwards of 350k to redo. I feel like it would still be worth doing a project like this if you had a good chunk to get started. But not a good idea for a flip unless you had huge resources and help.

[@WillFixThat]

Really depends on one’s goals, time, $$ and knowledge! This is a big project even for those that know what needs to be done! Parts availability can be a headache!

[@andrewhilliard1126]

What cause the boat to sink

[@woodwardoutdoors7742]

The deciding factor has absolutely got to be purchase cost. If you can be into the boat for under 75-100k and let’s say your 250-400k in after all repairs and re-powering the boat. You have a profit margin. It’s a beautiful boat. It’s a boat that will sell and if you can complete the boat in a month I see an easy 100-150k profit in the build and possibly even more with the current market on everything. At the end of the day it’s a composite hull. Everything else is replaceable. I don’t have enough experience with salvage boat titles though to give a real opinion on it. This is just me looking at it as a business owner and long time avid boater. There is no hill damage to speak of and if everything from wiring to motors gets replaced I don’t see why anyone wouldn’t be willing to buy a 750k boat for 575-650k. But again I don’t have enough experience on the subject matter to speak to it intelligently.

[@WillFixThat]

You’ve got some great points & ideas! Would prolly take a bit more time! The hull did look great it was hard to believe it sank until we got too the inside! Thanks for watching! 😁

[@working2bselfsufficient724]

Isn't ever going to be worth 750k again. Now max value you'll get will be at least 1/3 off or no one would want to buy a sunken boat. So won't be much if any profit by time done with everything sadly. Good for someone who fixes everything themselves and wants to keep it. That would save someone alot.

[@clintflowers9632]

The issue with the engines aren’t how long they were under water, the issue is what they didn’t do when they got them out of the salt water and let oxygen get to them.

[@WillFixThat]

Exactly right! Thanks for sharing!

[@DaDuddaMan64]

Why did a newer boat sink completely under water, aren't modern boats foam filled? 3/4 of a millge and it completely sunk just buy a whaler

[@WillFixThat]

Yes newer boats can sink completely… that’s why we bought a whaler!

[@geoffgoodman-qb2ng]

Strip every wire most importantly needs complete new electronics and new yamahas i do this in ft lauderdale we replace everything

[@WillFixThat]

Agree you have to replace everything otherwise gremlins later.

[@RiverratGoRVing]

For the right price would be worth it.

[@WillFixThat]

Yes could be!

[@scottfuller6063]

Hi from Australia. I've been watching your channel a few months now. The content is really interesting and varied. Suggest changing the name to "Will Fix That Boat Repairs" as KZbin will include you in search results that include "Boat Repairs" I hope you keep at it and wish you every success. I loved my visit to Key West 20 years ago.

[@WillFixThat]

Thanks for the tips!

[@WillFixThat]

Thanks for watching Scott …. We haven’t included boat repairs cause really it’s about Matt fixing anything! Boat repair videos are easy since it’s so much of our life at this time! But, one day maybe we won’t be doing boats… then what? In our business it’s always a different kind of boat and repair!

[@scottfuller6063]

Then perhaps name might be "Will Fix This Boat!" Needs "Boat' plus Repair or Maintenance etc to widen your KZbin search impressions..

[@WillFixThat]

@@scottfuller6063 Scott you ROCK 😁 ugh its the second time we already changed the name. We had "we'll fit it" but then no one could find us so went to this name.

[@sandlmv8301]

@@WillFixThat great video, and love how you take some tips from a viewer. I subscribed because of these comments and the video combined. Look forward to watching your channel grow. Another cheers from Australia!

[@Boating4Dummies-k7n]

I bought a sunk 20ft center console with a nice Ttop and amazing upholstery with an aluminum dual axle trailer for $2700. Had a 2018 Suzuki 150 on it. Sold the engine for $1k. Slapped a used 140 Suzuki that I got for $800 that just needed a fuel pump. After rewiring the entire boat myself and adding the new touchscreen garmin all in I’d say around $4k-$4500 total cost. I think I could probably sell it for $12-14k. Boy it’s a lot of work though. If I didn’t get that engine for $800 I’d be in it probably $8k which at that point might as well buy a boat that didn’t sink.

[@WillFixThat]

Yes exactly…. The amount of time to rewire and people don’t realize it! You got lucky finding cheap motor too! 👍

[@pjsmfasheri]

No. That dent you pointed out would worry me.

[@WillFixThat]

That dent would need a closer look for sure.

[@fredeb67]

If it has a composite stringer system, yes at a very low cost.

[@WillFixThat]

Fair enough!

[@PBoss0]

WHAT IS YOUR COST ESTIMATE???

[@WillFixThat]

It ended up being a totaled by the insurance company.

[@joeashbubemma]

It would be a waste to scrap it. Judging by how the used car market is today, I doubt the insurance co will let it go for less than half the payout and will sit on it until they get their price. In that case, It's a hard pass. I think your recommendation to wash the boat and mitigate further damage is spot on. In the automotive world, something as simple as covering the intake from water infiltration makes the difference between a good used engine, and a boat anchor.

[@WillFixThat]

Thanks for sharing …. Your right on!

[@alanwardle9807]

I’d want to know how and why it sank, could be a design flaw? I’d sure want to know that before putting a dime into it.

[@WillFixThat]

We’ve been told that the tide came in and some how the boat got tangled with the dock. Boat was found on the bottom. What do you think now?

[@alanwardle9807]

@@WillFixThat sounds like no fault of the manufacturer so yes the boat is savable just gotta figure the budget.

[@WillFixThat]

@@alanwardle9807 big budget 😂

[@lostin.psychosis7080]

Id the wiring was sealed all you have to replace is the components. If those were sealed than even those can be salvaged. But doubt anything was sealed during construction. Yet people pay that much money for subpar work smh

[@WillFixThat]

In our experience all the wiring needs to be replaced …. Rust starts fast.

[@kevinhoffman8214]

the only way I would take that boat is at a super deal price , it would be cheaper to replace it IMO , you will always have issues I think

[@WillFixThat]

Yes Kevin you're exactly right .... we call them gremlins!

[@dellis8267]

Not a chance. That boat will be a nightmare from this point forward.

[@WillFixThat]

Exactly… will have gremlins for the rest of its life 🤣

[@dereckjtbear2175]

I wouldn't touch it with barge pole,So many variables because of salt ingress.. Put it this way Would chance a trip out in the deeep blue ocean and it dies on you... It's Nota gamble chance I would take.

[@WillFixThat]

LOL …. Agree the gremlins will live in this for years!

[@sjd7188]

All depends on price. If available as a project boat for right price , then yes i would take it on. But has to be worth time and money getting it done

[@WillFixThat]

Absolutely because it’s going to take a lot of time to do it right! Thanks for sharing!

[@DrEd-th2lu]

If I got it for about 30-40k yes…. I have rebuilt a few submerged boats here in FL. One took 5 years. As you drive it systems fail that are not changed. However, I am a mechanic. Not for a newbie.

[@WillFixThat]

Agree not for a newbie …. What kind of repairs do you do? If you come across a good project boat let us know! 👍

[@DrEd-th2lu]

I am an aircraft mechanic in Tampa that does boats as a hobby. I just finished a 34’ Cruisers Yacht. What a disaster… I would wash down most of those systems, just clean the interior, clean all the controls, and electrical contacts, replace one engine, and rebuild the other two. Then work on it while using it and be frustrated forever…… Lol! But it is a 750k boat for a much lower cost. If you can’t work on it every day yourself it’s now a bigger money pit than the average boat. Break out another thousand. 👍

[@WillFixThat]

@@DrEd-th2lu thanks for watching … Matt was an aircraft mechanic many years ago 😊 your right on about it being a money pit with gremlins moving forward!

[@sbuzz5889]

regals nice as someone else boat not mine ---to bad they could have salvaged motors and hull if started and cleaned every fitting. with in hours not days

[@WillFixThat]

Yeah insurance delayed on clean up.

[@gamerdennison6409]

Tied to dock wrong tide comes in and boat cant rise with the tide gets water inside and sinks under the weight. seen it happen before. I would buy it for a very Very low price strip it down and rebuild it but those engines would have to go all three need to be replaced. alot of parts can be found in boat graveyards off other damaged boats of same manufacturer year and similar models.

[@WillFixThat]

Your exactly right on all your ideas! Thanks for watching!

[@mike02ss]

To replace everything plus labor you could buy a new boat.

[@WillFixThat]

Exactly…. Why have this headache & the gremlins will always be here.

[@williamhamill813]

Depends on the price

[@WillFixThat]

For sure… agree!

[@paulmesser7848]

Personally I wouldn't touch it, salt water is the gift that keeps on giving. I think the hull and structure are worth saving, but that's it.

[@WillFixThat]

🤣😃 “salt water the gift that keeps on giving” love this! Paul your absolutely right!

[@idahobob180]

Nice boat, really you couldn't give me the boat that's a 3k to 4k fill up every time you go out, just say everything needs replacement, 10,000$ at auction.

[@WillFixThat]

Thanks for watching Bob! I would imagine the insurance company is going to want more than $10k for this boat! Yes a gas guzzler for sure today I was with the guys and we were changing a lower unit on a boat that had 4 Mercury Verado 300's on it .... talk about cost of gas these were on a cigarette racing boat.

[@j.m.karsch9105]

Hell no especially being a salt water boat. Have a absolute fortune in it and still have a salvaged sunken salt water boat

[@WillFixThat]

Thanks for watching! Right on.

[@robertrapp1595]

how hard to you have to try to sink a boat like that

[@WillFixThat]

Have no idea but the tide came in and the boat got tangled up with the dock somehow.

[@bobgreenhalgh7324]

Yes

[@WillFixThat]

Did you see todays video? Trimaran sank.

[@Beachnative42]

If the boat is totaled then the value at best can be 75% of the value of one that has not sank at best. If the value of the boat is $700K x .75 =$525,000 after repairs at best. if repairs material costs $200K then $250K for labor. Leaving $125K in profit. This taking 6 months to complete and making $125K in 6 months is still a huge gamble, storage, lead time for materials, storage/rental and that fact that it will still have a salvage title will not make it worth it. If you bought it for $25K it might sound tempting but as a business, I'd run. the reason why is the electrical runs for wiring and the head repairs, not only that but what are the fuel tanks made of and where are they located at to replace them. This is a boat for someone who doesn't want to pay $850K for a new one AND wants a project, knows how to do the work or someone who does. How you could make $$ is finding that person and have them hire you as a consultant, for $300K they could have a nice boat .... and probably built better than factory since they are doing the job and not some 9-5er.

[@WillFixThat]

You’ve got some great points & ideas! Thanks for watching! 👍

[@jeffg1391]

Love your channel, but would love to see the outcomes of some of your videos too.

[@WillFixThat]

Thanks Jeff which video would you like to know about .... this one insurance moved it to the mainland! Sometimes we forget to update since the videos and repairs can take weeks! But, happy to share any that your curious about.