IS IT WORTH SAVING?
Since Hypalon is more UV-resistant than the kinds of PVC fabric used in many inflatables, boats constructed with this material are longer-lived and tend to be easier to clean and restore than elderly PVC variants. However, even an aging PVC inflatable with sun-softened, sticky tubes and pinhole leaks can be brought back into useful service with the application of a specialized paint and one of those sealants that is poured into the tubes. The latter is a last resort, to be used only if all other methods of detecting and fixing leaks have been tried and failed. However, I used it in an old Quicksilver dinghy years ago, and it worked well. There are numerous videos online detailing the process. Both the paint for inflatables and the liquid sealant are readily available online or from chandlers. For a total of around $100, it’s an inexpensive way of getting a couple more years of service out of a tender.
Before you do anything else, pump the boat up and spray it with soapy water to find the leaks. Look for tiny air bubbles. Pay close attention to the valves—they’re a prime source of slow leaks, and it’s an easy fix. Punctures up to an inch or two long can be patched easily—there is a ton of information on YouTube on how to do this—though larger or awkwardly located holes are tricky, and you may have to have them professionally repaired. This is especially true if the seams are leaking—Hypalon seams are glued and can be repaired (professionally), but heat-sealed PVC seams are not so forgiving and can condemn a boat.