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Hatteras 40-45ft

Discussion in 'Hatteras Yacht' started by matthewhyde, Nov 20, 2013.

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  1. matthewhyde

    matthewhyde New Member

    Joined:
    Nov 20, 2013
    Messages:
    3
    Location:
    Fort Lauderdale
    Hi everyone,
    Im looking at buying at Hatteras somewhere between 40 - 45ft, something from the 1980's. Ive been looking at a few online at price ranging from $40000 to $60000. A couple of questions..
    I already have costs on slips...

    What sort of operating costs could I expect (repairs and maintenance per year)? (would not use the boat for charter, only use on the weekends with mates) I am a marine engineer on motor yachts so I can do all repairs and maintenace on all mechanical, electrical, hydraulic etc myself.I just want a ballpark figure per year

    How much would it cost and how often to haul the boat out for bottom paint, anodes etc? I would have shipyard do that each time...I heard 18 months is a good figure? But costs?

    And how much does insurance cost per year? (again just a ball park figure)

    Cheers everyone for any input would be great!
    Matt
  2. martind.

    martind. New Member

    Joined:
    Nov 18, 2013
    Messages:
    6
    Location:
    port of Toronto Ontario Canada
    Matt

    Where are you located?

    I own a hatteras 41DC 1964, so your projected boat would be similar in cost to mine.

    Firstly, you are not going to get much of a boat for the price range that you project. Probably engines in need of rebuilds. Budget $3000US per cylinder. Better to pay closer to 100k for one with lots of life left. I am assuming diesel engines.

    Running fuel burn would be in the 5-6gph for hull speed (8kts) and 16-20 gph for cruising speed.

    These boats are very well built, and very reliable, especially if you can do some maintenance yourself.
  3. martind.

    martind. New Member

    Joined:
    Nov 18, 2013
    Messages:
    6
    Location:
    port of Toronto Ontario Canada
    bottom paint: each spring 3-4 gal bottom paint. Do it yourself your time
    Have the yard do it...thousands.

    Zincs should be replaced every other year. About $200

    If it is staying long periods at the dock, figure on a diver for scraping the bottom every other month. $200 each time.

    Insurance...it all depends on what kind of coverage. I have hull and deck only fire,theft only 2 mill public liability, hull insured to $50k no collision. total premium is $800 per year. I have heard of prices is the 2-3000 range and up.

    hope this helps

    martind.
  4. matthewhyde

    matthewhyde New Member

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    Nov 20, 2013
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    Location:
    Fort Lauderdale
    Hi Martind,

    Thanks for the reply, I'm located in Fort Lauderdale FL

    Yes diesel engines for sure, I have heard that boats around that old will need re-builds...(I would like to avoid a re-build for the first few years at least if possible) I agree that buying something newer with engines in better shape is most likely the way to go, what year would you recommend buying Hatteras that engines would have more life left? (closer to 1990s?) Are there any Detroit engines to stay clear of? I have only worked with CAT and MTU engines...

    I should be able to do all maintenance then, including bottom paint, anodes etc, would just need to pay hauling fees I guess and basic painting, replacement of outdated electronics etc.

    Is it common to find excessive corrosion in electrical wiring and electronics on these style of boats from being that old?

    $800 a year for insurance sounds pretty good

    Cheers again
    Matt
  5. Ormond Bert54

    Ormond Bert54 Senior Member

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    Mar 29, 2009
    Messages:
    470
    Location:
    Ormond Beach, FL
    Yes … The obvious electrical issues will jump out at you. There may be some non-tinned wiring including old battery cables that could be shot. Many circuit breakers may be shot especially if the owner did not replace zincs often enough. Anything 5+ years old will be suspect. Your best friend is time spent with the boat, using the systems, identifying the problems. It's fun and takes dough.
  6. Capt J

    Capt J Senior Member

    Joined:
    Jul 11, 2005
    Messages:
    13,226
    Location:
    Fort Lauderdale
    It sounds like you should know what the boat would cost to maintain if you're an engineer. BUT, what the other poster is saying is if you spend a little more, you can get a Hatteras with fresh motors (rebuilt) possibly and in better shape overall. I would factor, if you're doing the work yourself probably $20k a year to maintain, given a 10yr average and factoring in serious repairs...... On a normal year (without rebuilding any engines/gen), just in parts and such probably $10-12k a year should do it including diver, bottom job, keeping it clean, various little things that break...... pumps etc.....a new a/c.....etc......You're going to want a diver monthly down here to clean the bottom, they usually run $2.50-3 ft. Again, this all depends on how good the boat is to start with.

    The 71 series of Detroits last about double the lifespan of the 92 series on average.
  7. Capt Ralph

    Capt Ralph Senior Member

    Joined:
    Sep 8, 2004
    Messages:
    9,100
    Location:
    Satsuma, FL
    Old Hats usually had 2-stroke Detroits. Not the best fuel pincher out there but runs well and with proper maintenance a long time.
    Any rebuild or service history available? Be sure to include a proper & complete engine survey BEFORE you buy.

    Insurance in South FL starts high and goes up from there. I have a few customers who bring their boats to Jax and save some serious bux during hurricane season.

    We had 3 years on our bottom. Could have gone longer but my insurance company wanted an out of water survey. While it was up, threw on more paint. A GOOD diver every month or so to wipe off the silt can make a bottom last & last & last &&&.

    Some Hats used tined wire thru da ship. After the years owners make changes and may not do so smartly. Electrical issues from the factory or after will always pop up. Spare inventories of everything would be a good start.

    Good luck shopping and keep us up on what your looking at.

    ,rc
  8. matthewhyde

    matthewhyde New Member

    Joined:
    Nov 20, 2013
    Messages:
    3
    Location:
    Fort Lauderdale
    Thanks everyone for your help!
    Capt J - I am an engineer on larger yachts but our smaller tender boats (25ft - 36ft) are only a few years old so dont have the same issues that would be present on older sportfish boats 20yrs plus. Great advice on getting a diver down every month, would not have thought of that. Your figure you give for yearly maintenance sounds realistic, thanks, ill budget for that!

    Thanks also to rcrapps, Bert28 and martind - all solid advice

    Just gota finish saving for the boat then ill be in business! Looking forward to a good project, where I can actually look after my own boat and not other peoples boats :)