340 Sundancer NEW to ME!

see ray said:
HELP , Im trying to make a decision, on a 2001 DA that im looking at, quick discription, 330hr, genny 280hr, cherry wood, bow sunpad Fridge on the deck and 8.1VD motors,(NOT I/O,s) it is one owner,the boat is seviced( impellers, tune ups ,oils ,genny serviced also) 100% fresh water boat botton paint is smoooth no lumps,no tearsin seats, so Im confused!!! it seems that theres 340's, by the vibe i get here that can be bought for 50,60K, yet i see dealers asking/selling, saltwater boats as high as 90 k, or more with the same hoursor more, this boat im looking at can be bought in the low 80.s they are asking high 80.s , WHAT IS ???the money on this boat??? it seems for near 100k a newer boat can be bought ,or are the cheaper boats conditions that bad that they are cheap??? i know the Economy is bad but ive seen a few cheaper boat and they are SO roughthat it would cost thousands to bring them up to par. so my question IS ( what s an average 2001 340 worth ) i know, to look at the abos,nada books but thats just a guide, the nada with options come to 88 to 98 K , so were are the 50/60k boats
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Good luck with figuring out why the price range is all over the place. From what I have seen looking for 99-04 340's, you are taking a shot in the dark on condition with the really low priced ones. The 99-01 340's in my area are running 75K-95K. To me it is always been about condition, maintenance history, and the survey. The one in my post here looks scary because there is no history, no records, and it has been neglected for at least a year. Should be the best deal out there but the owner thinks she has an 80K boat as is.

All I can say is read as many threads on here as you can, ask lots of questions, as for records on service, make a list and compare. You will know when you found someone who has taken care of their boat, they will be GLAD to tell you about it!:thumbsup:
 
If we use these 340s and maintain them properly they are an expensive proposition. A boat, which has been maintained properly, can have trouble waiting just around the corner. When we buy a boat we need to know that we can afford to pay the cost of operations. If the boat puts us in a strain we will not get the enjoyment we bought it for in the first place. Even though we pay $80m for a used boat we are operating and maintaining a $240m boat. Parts and maintenance priced accordingly.
 
I just picked up a hell of a deal on a 1988 340 DA for $15,000 without a lot of major work. The boat listed for 30K when I started on it. 600 hours all fresh water (if you call the Hudson river fresh). Yes there is some work, but it is DIY stiff. I did read on one other post you can expect another 4 to 5k the first year, which is true. Swim platform, Strutpro cutless puller, new horn, oil changes, new headliner, and repack one stuff box. But I just insured it for 25k.

What ever you do make sure you have a good surveyor and have some negotiation skills. If I had more cash, I would have gotten newer, but I have no loan on this boat.
 
thanks everyone, the one im looking at is without saying 98.9%, and ready to go, i should be in it for 82k, ,i have a surveyer going to look at it this week, and if its all good i will be an owner.

It looks like with the power it has, 8.1s,and the way the boat is balanced, this boat should plane well and have a good running attitude??? if you have more info on what to look for or expect, it sure would be valuble thanks
 
I hope all goes well for you... Remember a boat is not a financial investment, but a life style investment... Enjoy every moment...

see ray said:
thanks everyone, the one im looking at is without saying 98.9%, and ready to go, i should be in it for 82k, ,i have a surveyer going to look at it this week, and if its all good i will be an owner.

It looks like with the power it has, 8.1s,and the way the boat is balanced, this boat should plane well and have a good running attitude??? if you have more info on what to look for or expect, it sure would be valuble thanks
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Sounds like you are getting a great boat. 270 Hours on a ten year old boat is almost unheard of !!! Good Luck
 
What's the latest? Any updates?
 
Thanks guys. Did not move on the '99 or the 2000 340. The 99 is still out there but I am just wanting to look at a few more boats before pulling the trigger. Plus the wife just had some major back surgery Friday and she is having a hard time so I have been dodging MarineMax calls like crazy! Persistant bunch of guys!:thumbsup:

I tell you guys one thing, I would not recommend Essex Credit for boat financing. Agent was very indirect in her answers and very slow in response times. With a DTI under 30% you would think they would be rushing to loan money at such a low risk. Not impressed at all. With enough on hand to buy the boat outwright I only wanted the 2nd home deduction so I figured it would be a no brainer for financing. What a bunch of slow pokes.:smt009

Why is it you can walk into a dealer and get finianced in 30 minutes with a paystub and a signature, but if you go find financing your self you have to chase them, fax and refax docs, and in a bidding situation possibly lose a vessel because they take their time calling you back??

No wonder the banks needed bailing out?:huh::lol:
 
"Why is it you can walk into a dealer and get finianced in 30 minutes with a paystub and a signature, but if you go find financing your self you have to chase them, fax and refax docs, and in a bidding situation possibly lose a vessel because they take their time calling you back??"

Because they do it just like car dealers. When they review your credit report and deem you worthy, they will sign you up at a higher rate, then shop their banks for a lower rate. Most times it works with no problem, Other times they have to "sell" the bank on the loan.

If you've ever purchased a car and have to go back and re-sign paperwork, It's because they got you approved through a different lending institution and usually at a different rate.

Say they sign you up at a rate of 8%. They will work their lenders to approve the loan at say 6%. The dealer is then able to "scoop" the remaining 2% because you agreed to the original 8%. In the business, this is widely known as making a profit on the "back end".

So they might have literally given the vehicle away, they always make it up on the back end.
 
Oh I understand that back end money from the mortgage business, I was more referring to the fact that outside lenders need to get their ducks in order to compete. I was offered the same rate in house and on my own, just the service aspect was horrible.
 
Scottzzzy said:
Plus the wife just had some major back surgery Friday and she is having a hard time so I have been dodging MarineMax calls like crazy!
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What did she have done? In July I had an artificial disc installed at L4/L5 and fusion with hardware at L3/L4 so I know what she could be going through. The hard part was the 8" opening in my belly!
 
Yep, she had a fusion up high in her neck due to a dislocation in an accident. It stopped the pain in one side and 4 months later it started hurting on the opposite side! They went back in last week and killed all the nerves in the connecting tissue on the disc above and below the fusion. Made a 8" gash inthe back of her neck poor thing.:smt009:smt009:smt009

She is having a hard time in recovery. We were told just a few days off and some discomfort and an overnight stay.....turned into 3 days in the hospital and min. week out of work so far.:huh::smt100

AND, I stink as a nurse!!! As she tells me through the pain meds......:smt089:lol::lol::lol::huh:
 
Scottzzzy said:
AND, I stink as a nurse!!! As she tells me through the pain meds......:smt089:lol::lol::lol::huh:
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Funny how they can tell us that, do you remember the labor room.:lol::smt043:lol: Judy called and told me a bunch of stuff.:lol::smt043:lol:

Hope she gets well soon.
 
Scottzzzy said:
Oh I understand that back end money from the mortgage business, I was more referring to the fact that outside lenders need to get their ducks in order to compete. I was offered the same rate in house and on my own, just the service aspect was horrible.
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I feel your pain. BOA put me thru the wringer:smt013. I too almost said, you know what, I have the money, why not just pay cash and be done with it. But I didn't want to tie my liquid cash up on this depreciating asset. They finally bent me over and shoved 8.5% up my a$$ and said take it or leave it.

All I could say was, Is this how yall treat repeat customers that have paid their previous boat notes 2 months in advance? Their response, Well no one is loaning money on boats now (June,09') so we can pretty much dictate what we want.:smt021
 
chuck1 said:
Hope she gets well soon.
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Thanks Chuck, it is true when they say Dr's and Nurses make the worst patients :lol::smt043:lol:

KreoleKid, I did not even bother with BOA just for that reason. They have all my accounts and biz accounts and they will not do anything for me any better than I can get else where. I am getting 6.99 or 6.74% which is pretty good I think??:huh:

Just finding the boat has been tricky!
 
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