Project Boat Purchase

Culcuhain

Recruit
Joined
Sep 25, 2010
Messages
3
A 1987 Citation 1900cc failed to reach reserve on ebay and topped out at $700. 3.7l mercruiser 165 hp (sweet - no OMC!) All salt water.

The limited picks show a nicely redone interior, new vinyl, new floor and the gel coat and hardware looked good. The trailer looked mint and was purchased in 2003.

owner states bad exhaust manifold and it has no lower unit. He did install new tank and carburator. I figure this would cost about 1k to fix getting my mits greasy.

So I'm going down there to look at it this weekend to see if its worth the hassle and negotiate a fair price. I'll be checking for water/oil mixture in the engine, cylander compression, gimble grind, blisters, stress cracks and/or repairs on hull, rot in the stringers and transom and give the electrical and remaining mechanical a once over. I want to know what I'm getting into with eyes wide open.

NADA says this boat has average worth $2500 with no trailer in perfect but used condition. I figure the trailer is worth about 1k used so this is a wash for replacing the manifold and lower unit. Assuming tires, rollers, bearings, winch are good to perfect.

boat has been idle for 9 mnths

here are some guesses:

if everything is snug and looking good $2.5k would be tops.
if motor needs minor work only such as new gaskets, hoses etc. $2k
if motor is toast $1.5K
if transom or stringers are rotted but motor and drive decent $1.5K
if this is a true project boat $1K

I don't want to be a prick on cost nor do I want to be fleeced.

What price would you buy this for under these conditions?
 

rirory

Seaman
Joined
Feb 20, 2009
Messages
69
Re: Project Boat Purchase

Trailer has value---$600 ish 8 years old

$1500 would be max, Offer $ 1000 and hold on it--remind him of his ebay result and the bad economy

best of luck

ri rory
 

Culcuhain

Recruit
Joined
Sep 25, 2010
Messages
3
Re: Project Boat Purchase

Thanks Rirory.

I had 1500 max in mind as well. It would likely part out for that much.
price offering drops dramatically depending on condition of hull, motor and drive.
 

Culcuhain

Recruit
Joined
Sep 25, 2010
Messages
3
Re: Project Boat Purchase

I never made it to the viewing - after some research, boat was way to heavy for my vehicle to tow. So I called to cancel :(

We talked. He is going to advert locally and is looking for 2g. I think if he presents right he'll get close.

So the wife just might get her Toyota Sequoia so it can pull a decent sized boat (up to 9100#) :rolleyes:

getting a project boat will need to wait for next winter or 2.

dry feet and tight lines
 

Bondo

Moderator
Staff member
Joined
Apr 17, 2002
Messages
71,483
Re: Project Boat Purchase

3.7l mercruiser 165 hp (sweet - no OMC!) All salt water.

Ayuh,... $500.Bucks is about $499. more than I'd pay for such a boat...

He should be paying you to haul it Away..... That's landfill material man...
 

ezmobee

Supreme Mariner
Joined
Mar 26, 2007
Messages
23,767
Re: Project Boat Purchase

You dodged a bullet. Do a little more research and learn that OMCs AND Merc 470's are to be avoided.
 

jonesg

Admiral
Joined
Feb 22, 2008
Messages
7,198
Re: Project Boat Purchase

If you snag a project boat now it well be 2 winters by the time its ready.
In the north east project boats are usually free for the taking but cost $5K+ before done.
 
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