Money Money Money - Buying a Boat - Part 2 | The ZEPHYR Story - Ep.41

[@Morrisfactor]

Congrats! You might be about the only persons I've EVER read about (or talked to) who came in on budget/under budget on a sailboat purchase/overhaul!

[@jk66]

Great video and very informative - thank you. I'm watching your story from my home port of Perth, Western Australia. Looking forward to the day I can meet you on the water.

[@SailingZephyr]

Cheers John. Perth is an awesome place. I (James) have lots of family in and around Freo. Hopefully catch up one day. Thanks for watching mate.

[@barbaralane9825]

Your early legwork certainly paid off. Your early videos really showed that your planning process of finding quality repair providers made a big difference in your happiness with the purchase.

[@SailingZephyr]

Thanks Barbara. It was certainly one those things where the early planning would pay off later. Hope you are well. x

[@sonnylange3051]

WOW! What a deal, for no sailing experience you two did exceptionally well! There will be no loss of investment there.

[@SailingZephyr]

Cheers Sonny.

[@chrismagnus7705]

So exiting for you guys. Great that you share the hard researched info and wish you fair winds and great views.

[@SailingZephyr]

Thanks Chris. Please let us know if there is anything we missed that you would like to know.

[@rossipop]

Sweet numbers you guys . Will take a look in the shop see if can help you out a little .... Much hugs safe sail .......

[@SailingZephyr]

Cheers!! :)

[@CheersWarren]

hi , great information, a land based damaged boat makes huge sense, and the insurance surveys made it a great buy. I expected you to have a lot more damage. no ripped out engine, damage from the fall, like jack stands thru' the hull etc . and a boat that was basically watertight if you left it for 8 months. the marina must have been ably to stand it up quickly otherwise you might have had battery acid damage and all sorts. well done great buy.

[@SailingZephyr]

I've seen some images from the recovery and our boat was one of the first couple that was righted. So I reckon that made a huge difference. And you are certainly right, there were lots of boats with punctures from jack stands, falling onto the next boats keel etc.

[@jimmiller5600]

I think that if you'd bought a "ready-to-sail" boat you'd still have lots of those miscellaneous expenses, including boat storage until you were ready to move in. All in all, you did great. Congrats!

[@wildaltarose]

This was so informative....thanks for the info.

[@SailingZephyr]

Cheers Bonnie.

[@skulijakobsson5116]

You are doing great kids!

[@bayanicustodio3998]

Great planning guys👍🙂

[@SailingZephyr]

Thanks. We appreciate the kind feedback.

[@matildamia2671]

Well done guys good info for those considering taking a similar route, we are Matilda Mia an Aussie Lagoon 52 currently in the western Med, keep an eye out for us this summer!

[@SailingZephyr]

Awesome. Where in the med are you currently. We are near Valencia.

[@matildamia2671]

@@SailingZephyr We were in Valencia last winter but on the Tiber river near Rome now, which Marina are you in? our Friends on Catamaran Frida are wintering in Juan Carlos Marina Valencia, you should hook up with them, great fun.

[@markvan3465]

Great video, excellent job breaking down the important steps for anyone considering purchasing a hurricane damaged boat. If I had one suggestion it would be to have stuck to one currency at the end (US)

[@marktragear4630]

Excellent info ⭐⭐⭐⭐⭐

[@SailingZephyr]

Cheers Mark.

[@SV_Argo]

You guys are putting out some great content! Very informative and educational. Even as a somewhat "seasoned" sailor, I still get a lot of value out of what you're producing. I'm curious why you chose a furling mast as opposed to a furling boom? In my 30-odd years of sailing experience, I've used the standard, non-furled sails, only having been on one boat with a furling mast. Granted, it was VERY convenient, and sure beats stacking the main! I recently purchased a new boat that came with a furling boom (Leisure Furl). I also have a boom jack and an adjustable rear stay. So, I can trip and shape the sail as I would on a standard rig. My comment is this; I feel that the furling boom is superior for three main reasons. First, all the mechanicals are easily accessible and simple to service. Second, and this is important, if the furling system has a catastrophic failure (eg the mechanisim is jammed and requires going to port to repair) I can still drop the main. I feel that this is a big safety issue. I don't see how one would drop the sail, in a blow, on a furling mast. Especially if it were reefed when the failure occurred. Finally, the sail shape suffers due to the space available to store it inside the mast. Thus, you'd need to get heavily customized sails that also have vertical battens. But even then, I suspect the sail will be flatter, less efficient and tough to trim. Sorry if I'm coming off as a downer, thats not the intent of my comment. just a point of view and food for thought. I could be 100% wrong. Cheers, keep up the great videos and have fun!

[@SailingZephyr]

Awesome feedback Chad. I wanted furling boom. I think it’s such a great system. But the cost was quite a bit more and ultimately exceeded our budget. We’ve been so happy with our furling main. All the issues around jams seem to have been improved by zspars. Only once has it gotten stuck and it was our fault. Hahaha. Cheers for watching. Let us know if you’d like to see anything in future episodes.

[@arthousecreations1]

That really seems to be a contentious topic. www.cruisersforum.com/forums/f48/boom-furl-vs-in-mast-furl-60752.html

[@djjstylz]

wow, under 52k US for that boat??? you should look into flipping boats as a profession during the off season! great job!!!

[@reoandbert]

Bust-Out-Another-TenThousand$$$$....”BOAT”..... been there ... so Glad it went good for You Guys...it’s not cheep⛵️‼️⛵️

[@joshuacadogan5625]

Hey guys! Thanks for the video helped alot What websites did you use to buy a boat overseas?

[@SailingZephyr]

Hey Joshua - Glad it helped. It depends what you are looking for and how far you are prepared to travel. But if you contact Chesnee Cogswell at BVI Yacht Sales, that guy will sort you right out. He is proper legend who goes beyond his role. [e-mail] Let him know we sent you.

[@minbuge]

You guys got seriously good deal on it in Europe this boat would be at least 110k eur and you managed to get it for 83k aud(49000er) so you got half price argain. This boat is seriously well built good luck using it.

[@jayfigg7981]

Super nice deal on a vessel, I take it you haven't found me that cute sailing gal who doesn't nag yet. Oh well, that is a hard find, so I'll give it some time. Nice video.

[@SailingZephyr]

We are keeping an eye out mate. 😉

[@SailingZephyr]

We are keeping an eye out mate. 😉

[@jayfigg7981]

@@SailingZephyr Thanks, it might be a good idea to find me one that doesn't speak American, that way I won't KNOW if she is nagging. Fair winds!

[@bahadirkaan8414]

which websites did you use to find the boat ?

[@SailingZephyr]

The best on for storm damaged boats in the Caribbean is BVI Yacht Sales. Contact Chesnee Cogswell - [e-mail] He knows his stuff and if you mention us he will certainly look after you. Happy hunting.

[@slapshotiam]

You have not mentioned insurance. What coverage do you have at what cost?

[@SailingZephyr]

Great question. We didn’t get insurance until we got to the Med. it was just too expensive in the Caribbean. We now have full comprehensive insurance that covers sailing in European waters and we paid approximately $700 euros.

[@robertharmer7749]

@@SailingZephyr Hi guys, loving the videos, keep up the good work. You mention that the insurance was €700, how long is that for? Did the insurance company require that you have to have a skipper/captain licence before they could insure you ? If so, how much did that cost ?

[@mjcooke2sailingmostly]

No mention of the new sails, were they included in the mast and rigging price?

[@SailingZephyr]

Apologies. The new mainsail was part of the repair budget. It was not included in the mast.

[@alexandertouchyn2948]

How much is the cost of a new main sail, how much does the genoa cost?

[@SailingZephyr]

We already had the Genoa. The new main was approx $2000 USD. But that was with a nice discount. And it certainly wasn't some super amazing main with cool weaves or amazing materials. Just a good ol bog standard furling main with vertical battons from Neil Pryde.

[@mjcooke2sailingmostly]

I have a complete rig for a 411, all I need is a rigless boat to put it all on. Please let me know if you find one somewhere.

[@havewheelslovesailing]

I'd be interested to know if you calculated any of your own labour into the pricing? or did you pay or hire to get everything done, even the cleaning which can be a massive job on a damaged boat?

[@SailingZephyr]

Great question mate. I was going to attribute a value to our time, (and I secretly have for my own amusement), and there certainly is a lot of savings to be had by doing things yourself. The only labour that was done by someone else was the Mast install and the fiberglassing. We have done everything else on the boat. We also figure that by doing things our selves, we learn about the systems and the boat.

[@jenniferlarus2365]

What was the best resource for finding the damaged boat?

[@SailingZephyr]

Patience. Hahaha. But ultimately looking through local yacht broker websites in areas where hurricanes have damaged boats. Check out BVI yacht sales. They always have some good deals and the lads are legends.

[@jamescarey6559]

Hi . I was curious about the boat's name Zephyr II . What type of boat was your previous boat Zephyr I ? Love the videos and amazed how far you come in a such a short time. Cheers

[@SailingZephyr]

Cheers for the support James. There wasn't a previous Zephyr. This is our first boat. Unfortunately in Canada, no two boats can have the same name and Zephyr, Zephyr I were both taken.

[@bjornstener6271]

Hallo, and thank you for a awesome channel. 😉👍 I wonder if you have any good links to shipyards or brokers who sells this kind of projects? I'm hoping to find some good vessel to work on, and sail the world on.

[@SailingZephyr]

Check out BVI yacht sales... ( bviyachtsales.com) Ask for Chesnee Cogswell. Super smart and goes all out to help as much as he can. Proper legend! Our experience was awesome. Good luck and drop us a line if you buy something.

[@bjornstener6271]

@@SailingZephyr Thanks 😎👍

[@prostar5904]

@B’jörnStener You found a boat as yet?

[@ianadkins471]

I’m curious if you factored in the travel and expenses into the budget...if so what were they?

[@SailingZephyr]

Hey Ian - a travel budget for sailing is a separate expense to the Zephyr revival. For that we just saved our butts off and put as much away as we could.

[@sierraone9181]

Who did your fiberglass work in St. Maarten? Were you happy with them? Cheers!

[@SailingZephyr]

We were very happy with them. If you send me an email, I will send you there contact details.

[@timbarker4189]

Great info. Thanks for sharing. Although would have been nice to stay consistent on currencies. You switched to AUD at end vs USD. No worries though. Easy enough to do conversion

[@SailingZephyr]

Cheers Tim. Apologies for the flip flopping. 👍

[@tombobtail7706]

I've read that insurance companies won't touch a hurricane damaged boat without an engineers report. I'm on the fence about these boats, because there are just as many success stories as there are people doing crossings and having their bulkheads separate etc. Also if you declared that it was a repairable write off (as you should) it is unlikely that you will get your money back on resale. This is the biggest success story Ive seen. Most end with really high costs to make the boat structurally sound again. I guess that another way of thinking about it is that all of the sails and rigging are new, if you bought a 2010 boat, you would likely be up for a full replacement anyway. So you are ahead in that regard.

[@SailingZephyr]

Hey Tom - great feedback. You absolutely need a survey for the insurance company before they will even look at you. There is a big difference between our vessel and a lot of other hurricane damaged yachts. Ours had no hull damage. This was a key thing for me. Unfortunately a lot of hurricane damaged boats have had hull breaches. This changes the entire picture long term. Ours was simply a write off for rig, damage to the stern arch, solar and chain plate. Everything else is cosmetic. Again, ours had no hull damage, structure (bulk heads) or water intrusion from rain.

[@sun-days-fun]

oh ok here the figures

[@JelmerAchterkamp]

Good job, That's very cheap!

[@SailingZephyr]

Cheers mate. It sure was a good bargain.

[@alisimmons2844]

I was guessing that the counter offer was going to come back at you at $40K!!

[@FeelItRising]

No doubt. It pays to offer low...good to know

[@SailingZephyr]

Ultimately it all depends on timing and where the market is for hurricane damaged boats. I have always been keeping an eye and I've noticed it has fluctuated substantially based on supply and demand. Boats I wouldn't pay more than $10k for and were previously listed for say $20k (sunk, massive hull breaches etc) are now listed for $50-$80k.

[@sailorbuckobuckley5217]

Cheap house with billion dollar views How much did your main cost you ? I ask this because i am currently fitting out a new yacht that came with a furling mast that was laying under the hull when i purchased the bare hull and i am sweating a bit about the cost of my sails as i am nearly ready to start looking for them

[@SailingZephyr]

We bought ours directly through Beneteau as they have a partnership with Neil Pryde. And if you spent over ‘X’ amount of dollars they knocked another %10 off. With discount I believe we paid around $1800 usd.

[@itsmePassport]

Sorry. What website was All these hurricane damaged boats on. WEBSITE.

[@noahtibbetts]

🤙🏼

[@SpyridonMouroutsos]

:)