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Old 18 October 2013, 09:43   #181
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Would a 60hp Yammie 2 stroke be too small??
Has anybody answered this? or has it been lost in the 40's
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Old 18 October 2013, 09:43   #182
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Unless the Money is a donation instead of a loan?
To be perfectly honest, that is the best way.
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Old 18 October 2013, 09:47   #183
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I've got a good relationship with Nat West I'll ask them what they can do, it will be easier to transfer the monies, as for giving it back, I think a RIBnet meet/ diner would be the way to give the money back in person or just spend it having a big RIBnet party
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Old 18 October 2013, 09:49   #184
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Quote:
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Unless the Money is a donation instead of a loan?
Partly correct. Maximising the final cheque to the Charity is the target I'm sure. If the project finally grinds to a halt "for want of a nail" then a cash purchase is necessary. However, the nail seller is taking a "profit" in some form and we know that if we build a RIB ENTIRELY from open market components, it will cost more to build than it is worth.

As I risk sounding like Poly, I'll explain it in my own terms:

If you donate 1000 for an engine, add it to a finished RIB that would fetch 1500 without the engine and finally sell the combo for 2400 then the donated 1000 just became 900. I'm not saying that WOULD happen, just that the math needs to be done beforehand.
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Old 18 October 2013, 09:54   #185
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After a long chat with Biffer he is going to pop into the bank to ask a few questions
They will not lend you any money
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Old 18 October 2013, 10:02   #186
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Maybe we should sell the rib as fully refurbished but without an engine. That would maximise the profit, which after all is the aim.
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Old 18 October 2013, 10:05   #187
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That would seem like a good idea. If in the meantime someone manages to wangle a free motor then that would be an extra bonus.
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Old 18 October 2013, 10:06   #188
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Maybe we should sell the rib as fully refurbished but without an engine. That would maximise the profit, which after all is the aim.
If your going down that route you might as well have people donate directly rather than giving items, the donation I made on the Garmin 451s won't increase the value of the rib by what it cost, neither will you see a return on that if you sold it separate - I might as well have donated the cash instead.

www.BoatsandOutboards4Sale.co.uk
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Old 18 October 2013, 10:11   #189
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Guys, we are building a complete rib and hopefully it will be the most famous secondhand rib in the UK when completed

The complete package will be auctioned off and will hopefully reach a very good price
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Old 18 October 2013, 10:12   #190
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Unless the Money is a donation instead of a loan?
I think thats the best idea. Happily donate 40 to this, spend more on a night in the pub and its a very good cause. Surely there must be 50 folk on here happy to donate 40?
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