Take a screw driver and tap the handle all around the transom on the fiberglass. Listen carefully to the sound. If you hear a hollow sound in certain spots and other spots sound hard there may be signifigant transom rot. I'm not sure about that year but if there's a battery hatch in the splashwell you can access the stringers. Each stringer should have a drain hole back toward the transom. On mine I was able to stick my finger in and feel that there was no wood left. I could actually stick my finger though the hole and back into the transom to feel the soft rotted wood. Again this would be an indication of a bad transom/stringers. If in doubt walk away. There are plenty of v20's around to choose from.
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