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Chaparral Boats (originally Fiberglass Fabricators) was founded in 1965 by William "Buck" Pegg and Reggie Rose in Ft. Lauderdale, Florida. The company's bellwether boat at the time was the 15-ft Tri-Hull with a sticker price of $675. [1] Although the tri-hull was discontinued in the early 1980s, many remain in commission today.
Lehg II was designed in 1933 by the Argentine naval architect Manuel M. Campos, and built in 1934 in Argentina. He based it on traditional Norwegian double-ended designs, noting contemporary popular designs by naval architects Bill Atkins and Colin Archer, as well as traditional Rio de la Plata whaleboats.
Like new cars, new boats lose value quickly, which makes used boats less attractive for lenders. It may be more difficult to finance an older boat, unless you choose an unsecured loan.
The company discontinued the line in 1971, and immediately saw the improvement in their net sales figures, which soared to $394 million by 1972. There were other disappointments. Golf cart sales sank to 2 percent of overall revenue by 1974, and were discontinued in 1975.
They started building inboard 2-cycle marine engines in 1903 in a barn behind the house, along with matching boats. By 1908, they were making V4, V6, V8, and V12 aircraft and marine engines. In 1910, they built the first U.S. monoplane to exhibit their aircraft engines. By 1912, their V-12 was making 180 hp, when disaster struck the factory.