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I bought a Porta-bote last year off ebay. I paid $1500 and I had to drive to Vegas to get it. It came with a New-ish 5hp Nissan, wheels, rv holder, gas tank, some swivel seats and paddles. I bought it to fish the harbor and the first time I took it out was with my daughter on a pretty calm day. Even though it looks easy to put together its really a pain in the ass. It did pretty good when it came to speed but I didn't like the feeling of fishing from it, it felt like I was riding on a trampoline - there was very little underfoot stability and when someone moved everyone felt it. I sold it after that one trip for $1200. I think an aluminum boat for the same price would be more practical. If you must have a 12' boat that folds down to 4" then it would be ok.
There are two types of Porta-botes, the old ones are tapered to a point at both ends and I would avoid those. The new ones, the Genisis IV are designed like a standard boat.
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