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The boat had a boat history incident show up. I contacted boat history to learn more as the broker/seller allegedly did not know the details.
"It looks like there were two different accident reports filed for this incident which is why you are seeing it twice. We do have a little more detail on the incident however. It looks like a Make next to the Formula had a fire on the vessel which resulted in a partial sinking. However, the fire grew rapidly causing extensive damage to the Forumla's glass and gelcoat on the starboard side. The Formula was towed to safety to avoid further damage to the boat. Additional damage could not be determined at the time due to the condition of the Foruma. "
Per the broker the seller was aware of this and purchased the boat anyway. The damage was to the starboard side, the paint looks amazing. I did not want to have to deal with this if/when I ever sold the boat.
In addition there was a lot of water in the engine compartment as well as the cabin bilges. The broker kept trying to tell me that was normal. It's not, especially in the cabin bilges. I asked him to identify the source, he volunteered to shop vac it dry before survey. The engines have a lot of rust on them as well. The sound proofing in the engine compartment is falling off. I was told there was a raw water leak that sprayed salt water in the engine compartment that's been fixed. It has been, along with a lot of other recent engine related service, I reviewed the invoices. There is an odd smell in the cabin as well, one I could not identify. There are numerous fragrance smelly things in the cabin/cockpit. When I asked the broker about it he said he put them in there to cover up the smell. They pumped out the holding tank hoping that was it, it was not. I get it, boats have smells, but this one was odd.
I think the broker is a good guy. His sellers seemed like the clueless type who used the boat and never opened the engine hatch.
I am not saying it's a bad boat, my gut told me it's not the right boat for me though.