Thinking about selling...

Siboatguy

Active Member
SILVER Sponsor
Mar 28, 2016
499
Holmdel,NJ
Boat Info
1999 Sea Ray 290 Sundancer
2005 Sea Ray 320 Sundancer
2005 Sea Ray 340 Sundancer
Engines
Twins V-Drives
8.1 Mercruiser
Debating on selling our boat and getting bigger... But everything is new... Last Year, New quicksilver 5.7 Drop In, New shaft Seals, New Shafts, New props... So now i have a extra set... Also last year added a Garmin 942 and a 742 to the dash with a 18inch GMR radar dome... This year changed out the anchor road to all Chain... 200ft of Anchor chain..... And did all brand new Canvas this year as well... But what is it worth?? Thats my question... Org the boat has 400hrs... Now with all the new stuff it has 50hrs that i put on last year.... The gen has about 320hrs but runs great.... O and added lumetc under water lights this year as well and it has all lumtec lights inside the cockpit area... The int is in great shape but the navy blue hull has a ding here and there... But otherwise a clean boat.... Whats my boat worth??
IMG_0679.jpg
 
Your boat is worth whatever someone is willing to pay for it! :)

I don't think you'll find many cruisers where the list prices don't vary by at least 50% across the different platforms used to sell. Boattrader.com is a good start. You'll see the high and low. Saltwater and "not so clean" is usually the low. Original owner, bristol condition, northern Michigan owned is usually the high. :)

All of your upgrades won't make much difference to a first time cruiser buyer. I certainly would not have appreciated the value of new canvas, all chain rode, etc when shopping for my first big boat. You'll need to find a more experienced boater to appreciate how much those things cost.

My quick search shows (22) 2005 320's for sale right now on Boattrader. $45k to $110k. I'd assume the guys in the 60's and 70's are looking to sell and the 80's and 90's guys are waiting for the "right buyer". $100+ are the dreamers? I think when you push into the 90's you're going to be competing with similarly aged, aggressively priced 340's.
 
I have upgraded several boats like you did. I never really got back any of the money I put in the boats in upgrades, but it sure made them sale a lot faster on the market
 
We bought a 2006 260DA in the spring of 2014. Probably added $2500 in upgrades. Put 150 hours on it and 300 on the gen and sold it in the spring of 2017 for exactly what I paid for it. The upgrades do not count the time and labor I put in it nor the new oil pan I had installed.

Bennett
 
I did a quick soldboats report and just skimmed it -- the above answers are correct in that actual Yachtworld sale prices mirror the wide range of asking prices. Actual sold 2005 and 2006 320's that closed from Jan 2017 through today range from the 50s' to around 100K. My guesstimate is that you would sell at the high end of the range -- probably upper 80's to low 90's. If you want me to re-run the soldboat report send me a PM with your e-mail address. I'll probably have time this evening.
 
Ty everyone I greatly appreciate the feedback.... We are def gonna sell either the end of this year or the beginning of next year... Someone is gonna get a great boat with no probs for a while, lol.... We want to move up to a 38 to a 40 maybe even 42 sedan bridge...
 
We bought a 2006 260DA in the spring of 2014. Probably added $2500 in upgrades. Put 150 hours on it and 300 on the gen and sold it in the spring of 2017 for exactly what I paid for it. The upgrades do not count the time and labor I put in it nor the new oil pan I had installed.

Bennett

Did the same with my 260DA. Bought it - lots of upgrades, maintenance, etc; used it for four seasons and traded it in for almost what I paid for it. It was a great boat and probably one of the nicest and cleanest on the market at the time. I know the dealer had offers on it before I closed on the new boat. I guess it was a win-win-win for all.

-Kevin
 
i know this is old thread, but i am going to pass along some sage advice regarding selling a boat. i traded in a car that i had recently put in a new transmission. told the salesman expecting to get more for the car. he said "i would expect a car to have a working transmission, it doesnt add value". and he is right. just because you replaced a lot of 'maintenance' items doesnt mean the value of the boat has increased or you are getting that money back. Selling a house, do you tell a buyer "it has a new hot water heater, so i want $2000 more"?
 
leelandharbor200103.jpg

One good way to determine the proper selling price of a boat is to meet with a broker in your
market who sells lots of Sea Rays. He or she will know what price will result in a sale. Most of the prices you see on the Internet are pipe dreams. Another avenue is to speak with a financial institution that specializes in boat loans. What banks are willing to loan is a rough estimate of value when you add back the downpayment requirement. You may or may not be pleasantly surprised. When I put my boat on the market I was surprised to learn that it had gone up in value for each of the last five years that I owned it.
 
Hi Folks ... we'll be first time boat buyers (hopefully this year) and I have been lurking on the major for sale websites focusing on the 2005-2009 240 SD (as the slips we have access to are capped at 25'). We live in the Pacific Northwest, and will be cruising the Puget Sound which of course is salt water. So, high on our list will be a closed cooling system and recent bottom paint. There are a load of 240s for sale in the east and mid-west, but very few in the PNW, and most from the east and mid-west do NOT have closed cooling systems and bottom paint. Thanks for letting me drone on, so here is the question ... is it better to buy an east coast boat, trailer it out, and then add bottom paint and closed cooling ... or not have as much selection waiting for a boat to show up locally? Also, I've been pinging brokers who run the ads, and I've run into a lot of "under contract" when the boats have been listed for less than a week. How do you get a survey done, plus (for me at least) and also travel to go see the boat in person ... in a week or so. Would love some advice on buying tactics and mindset, should anyone care to offer thoughts. Love the Forums ... really great discussions. Thanks ...
 
Hi Folks ... we'll be first time boat buyers (hopefully this year) and I have been lurking on the major for sale websites focusing on the 2005-2009 240 SD (as the slips we have access to are capped at 25'). We live in the Pacific Northwest, and will be cruising the Puget Sound which of course is salt water. So, high on our list will be a closed cooling system and recent bottom paint. There are a load of 240s for sale in the east and mid-west, but very few in the PNW, and most from the east and mid-west do NOT have closed cooling systems and bottom paint. Thanks for letting me drone on, so here is the question ... is it better to buy an east coast boat, trailer it out, and then add bottom paint and closed cooling ... or not have as much selection waiting for a boat to show up locally? Also, I've been pinging brokers who run the ads, and I've run into a lot of "under contract" when the boats have been listed for less than a week. How do you get a survey done, plus (for me at least) and also travel to go see the boat in person ... in a week or so. Would love some advice on buying tactics and mindset, should anyone care to offer thoughts. Love the Forums ... really great discussions. Thanks ...
As far as the cooling goes, there's a company that I believe is in Anacortes that sells closed cooling systems.
I can't remember their name, but they're somewhere in that area.
I talked to them a few years ago, very good people.
 
Right, the closed cooling systems run about $1400 for all parts. Is that something that a hand person could install, or does it need a marine mechanic to do the work?
 
Hi Folks ... we'll be first time boat buyers (hopefully this year) and I have been lurking on the major for sale websites focusing on the 2005-2009 240 SD (as the slips we have access to are capped at 25'). We live in the Pacific Northwest, and will be cruising the Puget Sound which of course is salt water. So, high on our list will be a closed cooling system and recent bottom paint. There are a load of 240s for sale in the east and mid-west, but very few in the PNW, and most from the east and mid-west do NOT have closed cooling systems and bottom paint. Thanks for letting me drone on, so here is the question ... is it better to buy an east coast boat, trailer it out, and then add bottom paint and closed cooling ... or not have as much selection waiting for a boat to show up locally? Also, I've been pinging brokers who run the ads, and I've run into a lot of "under contract" when the boats have been listed for less than a week. How do you get a survey done, plus (for me at least) and also travel to go see the boat in person ... in a week or so. Would love some advice on buying tactics and mindset, should anyone care to offer thoughts. Love the Forums ... really great discussions. Thanks ...

Welcome aboard. This is a great site for info on the 240 Sundeck.

It’s best to start your own thread so people can better follow the replies to your topic.

FYI the 2000-2009 240 Sundeck is actually 26’ 4” LOA. Not sure how strict the 25’ limit is at your marina.

Factory closed cooling can be found in 270 Sundecks with the big block motor.
 
FYI the 2000-2009 240 Sundeck is actually 26’ 4” LOA. Not sure how strict the 25’ limit is at your marina.

Agreed.

For RVPilot, never believe any of the specs listed in a brokerage ad. It astounds me how many of them are incorrect. SeaRay does a great job of keeping spec sheets and owners manuals for older boats on their website.

Jim
 
Hi Folks ... we'll be first time boat buyers (hopefully this year) and I have been lurking on the major for sale websites focusing on the 2005-2009 240 SD (as the slips we have access to are capped at 25'). We live in the Pacific Northwest, and will be cruising the Puget Sound which of course is salt water. So, high on our list will be a closed cooling system and recent bottom paint. There are a load of 240s for sale in the east and mid-west, but very few in the PNW, and most from the east and mid-west do NOT have closed cooling systems and bottom paint. Thanks for letting me drone on, so here is the question ... is it better to buy an east coast boat, trailer it out, and then add bottom paint and closed cooling ... or not have as much selection waiting for a boat to show up locally? Also, I've been pinging brokers who run the ads, and I've run into a lot of "under contract" when the boats have been listed for less than a week. How do you get a survey done, plus (for me at least) and also travel to go see the boat in person ... in a week or so. Would love some advice on buying tactics and mindset, should anyone care to offer thoughts. Love the Forums ... really great discussions. Thanks ...
So under contact simply means they have a deal, most likely subject to survey and sea trial. As for distance, in your case assuming you can tow the boat home, it shouldn't be too much of a factor -- just depends on how far you want to drive. The market is too hot right now. I have been looking all year, and it's been a real crap shoot. There isn't a lot of availability in my area, so I have been driving all over the place. It's a lot of wasted trips. Many brokers will do a face time viewing for you. But be forewarned -- I did one and the dude missed two obvious things (a missing vent cover and a gouge in the transom locker door). Not that it made a difference, but would have been nice to know upfront. Nothing will replace your eyes. Good luck.
 
Our first boat was a 28 footer at the water line with upper and lower helm the PO had spent 20K redoing the engine stringer, new fuel tank, a lot of balsa water damage areas. I bought the boat for 25K. I put 20K into it making it nice inside and replacing the front deck. I sold it for 12K five years later. Market was down. We wanted a bigger boat and could afford it so we got it. I do not think one ever gets out what they put in their boat. If you like your boat and it does what you want you may want to keep it. If it is not what functions well for you and you can afford a bigger boat moving on is your choice.
 
the closed cooling systems run about $1400 for all parts.
I would not do it. For one, i have always had salt water cooled boats, i dont get the "oh it so scary to own raw water cooled" concept.
right now on amazon you can get a set of manifolds and risers for $724. and they are good for at least 5 - 7 years depending on hours used. so even on the short side, you would have to replace 2 sets over 10 years to just break even. And you are NOT going to keep that boat 10 years no matter what you may think now.
 

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