Personally, I think you're nuts for buying this boat.
First of all, what's your goal? No matter what it is, you don't finance toys. And you have an "unknown" that needs a lot of work, etc. You're not likely to "flip" it and make a dime, and you're not likely to enjoy it on the water with your financing (you won't have the money to launch it).
Overall, you could go better throwing your money in the toilet.
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Seevee
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