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Morgan 382 - The $30K Boat Nobody Talks About
March 30, 2026 · 10 min · 22K views
Morgan 382 sailing under full canvas on turquoise sea
What this video covers
The Morgan Yachts 382, a 38-foot cruising sailboat designed by Ted Brewer and built between 1977 and 1982, sells today for $20,000–$45,000 on the used market — roughly the price of a used pickup truck.7:06 Morgan produced about 300 hulls, making examples reasonably common.3:03 The boat measures 38 feet 4 inches LOA with a 12-foot beam, 5-foot draft, fin keel, and skeg-hung rudder.3:32 Displacement is 17,000 pounds with 6,800 pounds of lead ballast, yielding a 40% ballast ratio.3:50 The sail area-to-displacement ratio is 16.2, comfort ratio 29, and capsize screening number 1.87 — well under the 2.0 offshore threshold.4:38 Hull speed calculates to 7.4 knots; one magazine test recorded 9.6 knots in the Chesapeake Bay.5:05 Construction is solid fiberglass below the waterline with foam-cored topsides and deck.5:22 The original engine is a Perkins 4108 diesel, with 40-gallon fuel and 55-gallon water capacity.5:52 The interior features teak bulkheads, a forward V-berth, center saloon, nav station, and aft quarter berth.6:31 Known issues include fuel tank corrosion, early-model undersized rudders (later owners upgrade to the larger version), water tank leaks, bulkhead problems near the head, and hull blistering.8:19 The Morgan 38 Owners Forum is the primary community resource.
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