Used boat value?

Through a few chance conversasions at work I came across a boat possibly for sale. Its a 2000 Ranger Comanche with a 225Merc optimax. The story behind this boat is that this guys son won this boat in a buckmaster raffle along with a chevy truck. The kid didn’t want it so he sold it to his dad for $5000. He said it has only been on the water a handful of times. Every year he would take it and run it for a few miles. I saw a picture and it looks super sharp. He said he would sell it for 17 grand. Is this worth it? It seemed on the high side to me. Any opinions would be greatly appreciated. I did check out the nada site and they said 13 grand was average. Thanks, Dan

It sounds a little high. He is making a heck of a profit,so he may be willing to go down in price. Show him book value and offer him that. If not there are a ton of boats out there 4 sale and some really good deals. good luck!

You could probably find a bunch of comparables on bass boat central. I would look, but I’m a walleye guy and affraid of what would happen if I clicked on a bass site.
DT

Without knowing what the boat has for electronics,trolling motor,etc ;my opinion would be the main motor is 10 years old, hours do not matter. The Opti in that year had a ton of issues, not saying the motor is bad but it is out of warranty and could last 10 years or 10 minutes.Ranger hulls are great,so that wouldnt worry me. All that said if it has updated electronics its maybe worth 16,000.00 if not 14,000.00 max. I look at used boats on the net on a daily basis and, in my opinion, 9 out of 10 are priced way to high. Heres one example: I bought my 620 ranger from a on line seller its a 2005 and he was asking 31500.00. I paid just over 29,000. I still see people trying to sell the same year,model,motor,options,etc and asking 39,000.00. Hope this helps.

Hey Dan, here’s a thought tell him your his “step dad” and maybe he’ll part with it for $8000…

$15K Would be a good price if everything is in “like new” condition.Is it a 519 or a 520? The opti can be hooked-up to see the hours or any other issues.Options? Keelgaurd? Hotfoot? Gps? Locators? Blinker trim? Remote oil fill? Ranger cover? Boarding ladder? All these options can add up to thousands in value. The boat itself is awesome! Great dry ride!

Look around craigslist, you could probably find the exact same boat for $10,000 or less. The Ranger bass boats dont seem to haold their value like the walleye or deep-v’s do

Dan,
Use a little P-ville common sense on this one. If you went to a bank and wanted to borrow 17K when the book states its worth 13K, are they going to give you the loan?
Most people selling a boat, car, whatever, usually think the NADA is too low, but most bankers I know won’t give out loans based on personal opinions of worth and all have a stack of NADA books on their desk.
Boats are a poor investment that drop like a rock tossed off the Dubuque bridge.
good luck!

Jeremy

Thanks for the reply’s and i thought alot of the same things. Its 10 years old anyway you look at it even if it has had limited use. I’m pretty sure the trolling motor, batteries and electronics are outdated. I’m sure it would take a couple grand or more to get it up to date. The boat is in great condition just dont want the 10 year old problems ten minutes into the first time out . Dan

Scroll through CLASSIC BASS website in the classifieds. I don’t know what Rangers these other posts are looking at but your not going to touch a pristeen 518-519 or 520 Commanche in that year for less than $15k unless its really been beat up. Or ya can spend $45k on a new one! Which will be worth $15k in 10 years. In this economy I’d spend the $15k and put the other $30k away.

There is a reason for all the sites having a zillion (yes, a zillion) boats still for sale–some for well over a year.
People can’t come to grips with the NADA values, for some, they owe far more than the NADA values.
So, there they sit-really no different than the housing market. I do feel sorry for them, but its worth what it’s worth and the first rule of selling anything is: Price it to move.
Good luck and let common sense rule the day!

Jeremy

Opti-Bomb! Bad year to buy for optimax.