Working the Numbers

Steve Fithian, the seller’s broker, reached out to YachtPath on our behalf and got them to reduce the initial quote from $44,847.00 to $35,877.00 based on what YachtPath called an “Advance Booking Discount”. This is starting to get into the range we expected. I’ll go back to push some more once we can commit. After all, we still do not own the boat.

I spent most of the day researching the 3126 Caterpillar issues. I now have a good handle on the issue. It appears that problems do exist but are not universal. Now I’m trying to sort out the differences to see where Gallinero might fall into the range of possibilities. I’m also going to be talking to a Caterpillar mechanic in Florida that has a lot of experience with these engines.

Our safety net on this isssue is the survey. We now know what to look for and if the visual inspection and the results of the oil analysis are negative or suspicious, we can always walk away. Our only exposure at that point is our travel costs and the cost of the haul out and survey. I’ve budgeted $5,000 for costs if we walk away based on the survey.