Looking at buying a 2001 Lund with 80Hp 4strk that has very few hours on it and in fact hasn’t seen the water since summer 2002. What things should I look for in problems or concerns from sitting idle for so long? The motor isn’t hardly broke in yet. Will there be any deterioration of rubber components? Value wise with so little use what price above book value should I consider? Thanks for any input.
I would ask if the motor has been winterized. Putting Stabil in gas helps a lot. Not doing that and leaving old gas in the motor can very detrimental motor. Has it been stored indoors or outdoors? These are good questions to ask.
Owner claims it was winterized before inside storage in fall 2002. Boat was purchased new in 2001 with minimal use since and looks it. I realize it may need a good cleanout or carbs overhauled. And I assume batteries may be weak or gone. Looking for any other input as to thoughts on pricing. Asking price is about $2k over high book. Extras are minimal (trolling motor, fishfinder) and not high end. I estimate about 1/2 value on them.
sounds like a sweet rig. Personally, I wouldn’t pay anything over book value. How motivated is the seller? Why is he selling it? Why hasn’t it been used more? I’d do a little more digging.
Not knowing much about the situation, I personally would not pay much, if any, over book value. Even if it’s in great condition it’s still “used” and has lost value and warranty. It’s not just something to fish out of, it’s an investment. When you resale it down the road, you won’t get $2000 over book. This is only my opinion and the way I think about large purchases. Best of luck with it!
When you say “Book Value”, which book are you referring to? NADA boat values for this part of the country are way low.(Across the board on pretty much every boat!) In order to get a better idea of a fair value, call a dealer and see what that boat would sell for off the lot today.
Jon J.
Jon;
If the book value is lower in this region, wouldn’t there be justification for it? I was thinking about this, and the reason for the lower value is probably due to the over population of the boats in our area.
The opposite applies to vehicles. Cars on the east coast go for 5% to 10% cheaper than they do here, and 5% to 10% higher on the west coast than they do here. All because of supply/demand.
I would stand strong on the book value. If the guy doesn’t want to negotiate, keep looking. There are alot of boats that a guy can buy just in the Metro area, by going private party.
I would look for the same make/model on the classified sections of other websites. If you need some suggestions, please PM me. As for book value, that’s what a dealer is going to look at when you try to trade it in. I’d weigh all the factors mentioned above to find a happy medium, then start your negotiations. Good Luck!!
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Jon;
If the book value is lower in this region, wouldn’t there be justification for it?
Don’t know.. I do know that if you use the NADA to price out used boats in Minnesota, you will find that every single boat out there is over priced!
Just my 2 cent worth. 
Jon J.
Wow, I never knew that. Thanks for the info though.
Would Kelly Blue Book help at all?
Not sure about kelly. Do they have a website?
J.
Nope……..Kelly Blue Book doesn’t have boats. They only have jet skis….I just checked it out.
This is their website.
Yes I’m looking at the NADA site for info. Sure seems funny though that when you trade one in the dealer uses the low side of the NADA as a high end.?? I agree used boats abound but it amazes me how some individuals do not think they depreciate that much. Of course the advantage used is the tax break which on new factors into your overall cost but has no meaning to the boat value. Just the State getting their cut. Also in this market Lunds hold their value but not the same elsewhere. This rig just seems to be a rarity with so few hours on an “01”. Good discussion.
Good luck, no matter what your decision is. But the least thing I would do, with that type of investment, is have a service tech give it a once over. Pay the money and if it is good, you have confidence in what you purchased. If something comes up sour, then you have some negotiating power.
I don’t think I’d pay over book, personally, I would also think if it was winterized, the batteries would’ve been taken out. Either way it, It probably hasn’t sat long enough to actually cause any problems, I’d like to hear it run this year if I was buying it, then I’d make sure it was winterized to my standarts.
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Owner claims it was winterized before inside storage in fall 2002. Boat was purchased new in 2001 with minimal use since and looks it. I realize it may need a good cleanout or carbs overhauled. And I assume batteries may be weak or gone. Looking for any other input as to thoughts on pricing. Asking price is about $2k over high book. Extras are minimal (trolling motor, fishfinder) and not high end. I estimate about 1/2 value on them.
Just for reference, the Pro-V 1800 SE I bought with Eagle trailer had cover, 115 Ficht, sonar front and rear, Maxim 74 electric, stereo and low hours, paid low book according to NADA($14K). I’d walk away.
Lots of good advice here Brian let us know how it turns out.
I have to agree with Jon on the NADA value. My Credit Union p&m’d at the price I paid on my first boat. They were comparing the price to their book. I told them -‘go through the ads and paper, and find a boat for that value’. They ended up agreeing with me.
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