boostr Posted February 21, 2017 Posted February 21, 2017 Bought a used boat that was in such good shape for it's age plus it had some options you were looking for? Buuuuut, they were asking over the NADA value, and you bought it for the asking price. I'm in this delima . I'm looking at a 94 Tracker Pro Deep V17. It's owned by an elderly man who cant use it anymore. He is well known in this area for setting up fishing derbies for kids and such. The town even named a park after him, and he is the original owner. It comes with a Tracker by Mercury Pro Series 40 Oil Injected, and a Mercury 9.9 kicker. The hull is pristine except for a little scratch on the bottom. The deck is solid with no soft spots, the transom is solid with no soft spots. All electronics work. Carpet is in great condition. All the hatches are clean. Comes with 2 electric down riggers' all the safety equipment that the Coast Guard requires. This boat has been garage kept all its life by the owner. It didn't get used for the past 5 years. In order to sell it a friend of mine who is a friend of the old man' and a BASS angler took the boat to get serviced by a mechanic he takes his boat to. The seller spent $1200 to get it running again, including 3 new batteries, and new wheels and tires for the trailer. The motor has 130lbs of compression on all cylinders, and the Kicker has 100lbs.. Opinions please. To add, my friend is selling the boat for the owner, and as a favor he is holding off other buyers boat for so I can mull over it for a couple of days, and this was Sunday. Quote
Super User WIGuide Posted February 21, 2017 Super User Posted February 21, 2017 I've never done it, but I could see a situation arising where I might for the right boat. If it's what you want and you're planning on keeping it I don't see an issue with it. Besides NADA is an estimated value for boats in similar condition. Even their highest rating doesn't sound quite as good as what you describe the boat as. Just remember if you do buy it, that you probably won't be able to sell it down the road for what you paid for it. 2 Quote
Super User fishnkamp Posted February 21, 2017 Super User Posted February 21, 2017 NADA is a nice gauge but condition and the extras all play into, heck he just spent $1200 on a mechanic going over it. You get new batteries, a complete engine check up, a trailer check up along with new tires and rims and a boat that is babied. If that boat is the kinda boat you want, I would go ahead and get it. The price of a boat is only decided by what a buyer and seller can agree to not what some book says. If you have cash jump on it. If not, finance it with a personal loan not a boat loan. Most banks won't finance a boat that old. 2 Quote
Super User slonezp Posted February 22, 2017 Super User Posted February 22, 2017 Do you think it's worth the money he's asking? 2 Quote
Super User RoLo Posted February 22, 2017 Super User Posted February 22, 2017 To me your question seems mired in hearsay, so I'm not willing to hazard a guess. I have a gut-feel though, that you've already made up your mind In any case, I wish you best Roger 1 Quote
boostr Posted February 22, 2017 Author Posted February 22, 2017 On 2/21/2017 at 10:50 AM, fishnkamp said: NADA is a nice gauge but condition and the extras all play into, heck he just spent $1200 on a mechanic going over it. You get new batteries, a complete engine check up, a trailer check up along with new tires and rims and a boat that is babied. If that boat is the kinda boat you want, I would go ahead and get it. The price of a boat is only decided by what a buyer and seller can agree to not what some book says. If you have cash jump on it. If not, finance it with a personal loan not a boat loan. Most banks won't finance a boat that old. That was my thinking. My CU actually does give out loans for boats that old. I was looking into a boat loan (it's actually a recreation vehicle loan) with my Credit Union (not that I couldn't pay cash, we just rather use that amount of cash for emergencies), and with a int rate at 4.7% you cant beat it. . The problem is they go by the NADA to give out the loan. Maybe I should of checked for a personal loan, but I think the interest rate was higher. So to make a long story longer I didn't end up getting it. It's Ok though, because now I'm looking at a nice 2007 Stratos 176XT Quote
Super User J._Bricker Posted February 22, 2017 Super User Posted February 22, 2017 On 2/21/2017 at 7:37 AM, WIGuide said: I've never done it, but I could see a situation arising where I might for the right boat. If it's what you want and you're planning on keeping it I don't see an issue with it. Besides NADA is an estimated value for boats in similar condition. Even their highest rating doesn't sound quite as good as what you describe the boat as. Just remember if you do buy it, that you probably won't be able to sell it down the road for what you paid for it. X2, and how much over NADA? And I guess you'd take the $1200 that was spent to get the boat fully operational wouldn't be coming out of the perspective buyers pocket. Good luck boostr 1 Quote
boostr Posted February 22, 2017 Author Posted February 22, 2017 47 minutes ago, J._Bricker said: X2, and how much over NADA? And I guess you'd take the $1200 that was spent to get the boat fully operational wouldn't be coming out of the perspective buyers pocket. Good luck boostr It was a couple of grand. The boat is nice. Then again, it being that old issues probably would arise. Quote
lilbuddy Posted April 28, 2017 Posted April 28, 2017 On 2/22/2017 at 2:01 PM, boostr said: That was my thinking. My CU actually does give out loans for boats that old. I was looking into a boat loan (it's actually a recreation vehicle loan) with my Credit Union (not that I couldn't pay cash, we just rather use that amount of cash for emergencies), and with a int rate at 4.7% you cant beat it. . The problem is they go by the NADA to give out the loan. Maybe I should of checked for a personal loan, but I think the interest rate was higher. So to make a long story longer I didn't end up getting it. It's Ok though, because now I'm looking at a nice 2007 Stratos 176XT I know this is an older thread but I'm curious what CU you bank with? I talked to my CU just this week and they no longer do recreational loans. Only loan I could get would be a personal loan and that rate starts out at 10.10% and it's not fixed. :-( 1 Quote
jimf Posted April 29, 2017 Posted April 29, 2017 My first boat, 1987 and I found a 1980 Cajun that was pristine and pretty as could be. I can't remember the details but the loan was a problem, I had to come up with a little more cash than I had planned. I just remember my budget was $5k, and I was seeing some pieces of c$&# that the book said were worth that or more. The only problem with it is on re-sale, I owned it for a while and put some wear and tear on it and it wasn't so pristine by the time I got to sell it. Sure I took a hit there. I don't regret buying it for over book cost. 1 Quote
PECo Posted April 29, 2017 Posted April 29, 2017 On 2/22/2017 at 2:01 PM, boostr said: It's Ok though, because now I'm looking at a nice 2007 Stratos 176XT I'm guessing that you're more of a bass fisherman than a trout or walleye fisherman. So am I. I recently went from a 17-1/2 foot trailered deep-vee to an 18-1/2 foot trailered bass boat. The bass boat is much easier to operate and is much more comfortable both in terms of ride and fishing. I'm pretty sure that you won't regret passing on this boat. Good choice! 1 Quote
boostr Posted May 3, 2017 Author Posted May 3, 2017 On 4/28/2017 at 8:36 AM, lilbuddy said: I know this is an older thread but I'm curious what CU you bank with? I talked to my CU just this week and they no longer do recreational loans. Only loan I could get would be a personal loan and that rate starts out at 10.10% and it's not fixed. :-( Proponent Federal Credit Union Quote
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