Sharp looking boat. Sounds to me like you got a deal. If you are new to boating and the engine is in good shape mechanically I'd keep it for at least the first season. 
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1985 Wellcraft V-20, Evinrude ETEC 150: SOLD
1979 Marine Trader 44, twin Ford Lehman 120s
2006 Panga 14, Tohatsu 20
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