We have a purchase agreement on a 2008 Meridian 490 in Seattle, a number of issues we view as significant came up during the survey that we could use advice on how to value and whether to reject the yacht.
There are many beautiful 490's and 4788's in the area that we want to be sure to get right one. This boat has a rear helm station (among other interesting options) which is quite a cool feature, but may not be worth the risk.
The boat was advertised to have the following items, which we factored into our negotiated price, but it does not in fact have them
1. Diesel, Hot Water Heat
2. 1,275 hours and it has 1,394 (a full season of use difference)
3. a 40 HP motor on the dinghy which is actually a 25 HP (we fortunately noticed this before negotiating on price, so not an issue - but evidence of misrepresentation)
The survey came back with a couple material items:
1. One transmission had dirty oil and appears to be going bad despite a solid sea trial (surveyor consulted with a mechanic and recommends rebuild)
2. The fly bridge controls stick and do not work properly (surveyor indicated them as a safety issue)
Thank you for your advice!
There are many beautiful 490's and 4788's in the area that we want to be sure to get right one. This boat has a rear helm station (among other interesting options) which is quite a cool feature, but may not be worth the risk.
The boat was advertised to have the following items, which we factored into our negotiated price, but it does not in fact have them
1. Diesel, Hot Water Heat
2. 1,275 hours and it has 1,394 (a full season of use difference)
3. a 40 HP motor on the dinghy which is actually a 25 HP (we fortunately noticed this before negotiating on price, so not an issue - but evidence of misrepresentation)
The survey came back with a couple material items:
1. One transmission had dirty oil and appears to be going bad despite a solid sea trial (surveyor consulted with a mechanic and recommends rebuild)
2. The fly bridge controls stick and do not work properly (surveyor indicated them as a safety issue)
Thank you for your advice!
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