Re: 24 sea ray cuddy
Here's a short answer that may help a bit.
Sea Ray is a good brand of boat, but for a boat that old everything depends on what maintenance the owner(s) has done and what condition everything is in.
Things to check in order of cost/importance:
1) Test decks for rot (ice pick, don't check when frozen/cold out)
2) Test transom/stringers for rot (drill cores)
3) Check sterndrive condition (pumps water, gears sound ok, check drive oil, pressure test if possible)
4) Check engine compression
5) Check fuel tank condition - may be a steel tank.
If you're being offered the boat for less than book value, look very carefully at it, because the odds are that it's going to need some serious repairs. If you can get a warranty in writing, great, otherwise the best recommended course is to get a marine surveyor to look at it or make the deal conditional on that.
Of course, the price might be low enough that you are willing to take a risk on it... if that's the case, be aware that it will still cost to get rid of it if you decide not to keep it.
That all said, a Sea Ray in working shape for a good price is not a bad boat to have... I like mine a lot.
Erik