So I've been looking at a 2006 Tomcat near me in Florida, 2015 rebuilt engines low (140) hours, all new electronics in 2015, asking $75k.
Boat looks a little rough, used for USCG aux, not the typical family C-Dory cruiser.
Based on my visual of the boat we came to a compromise offer of about $60k and I hired a mechanic to check the engines.
Both flywheels showed surface rust, and other metal components on both powerheads showed light corrosion which lead to the question of water intrusion.
Compression test on the starboard engine varied across cylinders by more than 10% (195-221), and more than the 14 psi max difference stated in the service manual (Thanks Bob).
I'm still waiting on an oil analysis result, but other noteworthy items included; corroded tilt trim units on both engines, water contamination and metal in port engine gear case, both starter solenoid connections discolored and appear to have been possibly overheated at some point.
A NAMS surveyor did a quick pre-survey walk around and noticed several latches and other metal showing more corrosion than usual for the age of the boat.
After some pointed disclosure questions, it's revealed the boat was hit by lighting and all electronics including motors were fried.
Insurance replaced all electronics including powerhead electronics.
I haven't seen any paperwork yet, so I don't know what else may or may not have been done.
When I told him, the surveyor explained that lightning has enough energy to alter materials on a sub-atomic level, destabilizing the structure of the metal making it more susceptible to corrosion. This explains the appearance of salt water intrusion even if the boat was never submerged. This also means that any metal that the lightning "rattled around in" and hasn't been replaced is now suspect. Other materials, like wood and fiberglass, can have hidden structural damage from trapped water molecules being explosively vaporized by the heat as the lightning passes through. In some worst case scenarios, this has caused hull/transom failure or "hinging" along those lines of weakness.
I was already planning to gut and update the entire cabin/galley/head/berth to the Admiral's pleasure, so I'm somewhat already prepared to the idea I may have to replace any other visible metal hardware/latches/screws/bolts showing premature corrosion.
One question that now comes to mind is what about other metal fasteners and components that aren't visible, especially structural ones?
So here we are, several hundred hours and dollars later, with more questions and unknowns than when we started.
Best case, after replacing/restoring everything necessary, the old girl lives a long and happy second life.
Worst case, she ends up a never-ending gremlin factory that fails us halfway to the Bahamas.
Before moving forward and dropping another $500-600 on a full survey I'd like to get a little feedback from the C-Dory owner community on your thoughts.
Lightning damage is unpredictable in nature so there will always be questions about this boat at resale time.
It looks like this particular boat has been sitting on the market unsold now for about a year.
Based on the issues and unknowns, what kind of fair market value does this boat still have, or would you avoid it at any price?
If you did buy it, what kind steps would you take to restore some peace of mind before going offshore?
We did look at a new Tomcat 255 base MSRP $155k, but thought it would be wiser to earn our chops on a used one first for a couple of years before deciding to make that commitment. Now we just need a little help deciding if this is the right one at the right price for us to invest our hearts and wallet, or to keep looking.
Boat looks a little rough, used for USCG aux, not the typical family C-Dory cruiser.
Based on my visual of the boat we came to a compromise offer of about $60k and I hired a mechanic to check the engines.
Both flywheels showed surface rust, and other metal components on both powerheads showed light corrosion which lead to the question of water intrusion.
Compression test on the starboard engine varied across cylinders by more than 10% (195-221), and more than the 14 psi max difference stated in the service manual (Thanks Bob).
I'm still waiting on an oil analysis result, but other noteworthy items included; corroded tilt trim units on both engines, water contamination and metal in port engine gear case, both starter solenoid connections discolored and appear to have been possibly overheated at some point.
A NAMS surveyor did a quick pre-survey walk around and noticed several latches and other metal showing more corrosion than usual for the age of the boat.
After some pointed disclosure questions, it's revealed the boat was hit by lighting and all electronics including motors were fried.
Insurance replaced all electronics including powerhead electronics.
I haven't seen any paperwork yet, so I don't know what else may or may not have been done.
When I told him, the surveyor explained that lightning has enough energy to alter materials on a sub-atomic level, destabilizing the structure of the metal making it more susceptible to corrosion. This explains the appearance of salt water intrusion even if the boat was never submerged. This also means that any metal that the lightning "rattled around in" and hasn't been replaced is now suspect. Other materials, like wood and fiberglass, can have hidden structural damage from trapped water molecules being explosively vaporized by the heat as the lightning passes through. In some worst case scenarios, this has caused hull/transom failure or "hinging" along those lines of weakness.
I was already planning to gut and update the entire cabin/galley/head/berth to the Admiral's pleasure, so I'm somewhat already prepared to the idea I may have to replace any other visible metal hardware/latches/screws/bolts showing premature corrosion.
One question that now comes to mind is what about other metal fasteners and components that aren't visible, especially structural ones?
So here we are, several hundred hours and dollars later, with more questions and unknowns than when we started.
Best case, after replacing/restoring everything necessary, the old girl lives a long and happy second life.
Worst case, she ends up a never-ending gremlin factory that fails us halfway to the Bahamas.
Before moving forward and dropping another $500-600 on a full survey I'd like to get a little feedback from the C-Dory owner community on your thoughts.
Lightning damage is unpredictable in nature so there will always be questions about this boat at resale time.
It looks like this particular boat has been sitting on the market unsold now for about a year.
Based on the issues and unknowns, what kind of fair market value does this boat still have, or would you avoid it at any price?
If you did buy it, what kind steps would you take to restore some peace of mind before going offshore?
We did look at a new Tomcat 255 base MSRP $155k, but thought it would be wiser to earn our chops on a used one first for a couple of years before deciding to make that commitment. Now we just need a little help deciding if this is the right one at the right price for us to invest our hearts and wallet, or to keep looking.