I recall a thread about a boat which was around ten or more years old. It had sat unfinished in a yard that went bankrupt for a number of years. It was never completed or sold. The termites basically gutted the interior. Someone bought it for near nothing and put a complete new interior in it. I think it turned out well.
The boat then came up for sale and the owner just couldn't get his money out of it. He now had a fifteen year old boat with basically 0 hours on it. New interior, etc. Problem was that it was a fifteen year old boat.
Sad story, I guess the moral of the story is that you need to be cautious of spending too much on an older boat.
pete
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