93 TYEE (what's it worth?)

[Dirtfarmer]

The story is that my dad is thinking about getting a new boat and I am wondering what his is worth. He has a 1850 Lund Tyee with a 115 Merc with a 48lb. auto pilot and a graph on the dash. The boat is not loaded with acessories but it never has been. It has sat in a garage or under a sun top on a boat lift for 99.9% of its life and it looks like new. I would guess that it has been trailerd about 300 miles since it was new because we bought it 200 miles from his house. Any input would be nice. Jason

[REW]

Break the rig down into ints component parts:
A 93 - 115 hp merc - worth about $2500-$3500
A 93 - 1850 - in good shape shold be worth about - $5000-$6000
A 93 trailer - in good shape about $500-$1000
Misl electronics motors etc - $500

Total - $8500 - $11000

Another thing to do, is to simply look in the Walleye Central Ads, and see what others are asking for similar rigs.

Although this rig has low time on it, it is the "YEARS" that really take down the value. The problem is that you can have a 20 year old boat with 1 hour on it - in pristene condition, and a 20 year old rig with 2000 hours on it , and as far as the used rig books and your bank is concerned, there is not going to be a very large difference in suggested resale price.

Now, on the open market, the open market will always get more for a rig in perfect shape, compared to one that has been beat. It is up to you as the seller to determine what the market will bear. After all - it is the MARKET - that ultimately determines the selling price of any thing.

You can ask $20,000 for the rig and get 0 offers.
You can ask $2000 for the rig and get 2000 offers.
Your market price will be somewhere in the spot where you get about 3 offers, with one serious buyer.

At that point, you will have maximized the selling price for your rig.

To discover this point, you can start high, and drop the price, if you don't get offers. Just make sure that you are presenting the item to a "real" market. If you aren't advertising in a
"real" market; no offers may mean nothing more than you aren't getting to the potential buyers.

Go to a few dealers, and price out the cost of new rigs.
Also check out the prices of their used rigs.
Check NADA for the suggested resale price.
Check with the loan officer at your bank, for the amount of money that they would loan you for this rig. Then take that amount and add 20% as a suggested resale price. Often, banks figure on the buyer coming up with 20% of the sale price on a sale.

Good luck.
REW

[Bradnd]

I just sold my 1993 1850 tyee for 12000 w/ 135 merc, 9.9 kicker, & all access. I had alot of inquiries, probably could have gotten a little more, but I got a fair price & do did the other guy.

You can email me with what all you have, I do still have a couple ph.#'s that wanted mine after it was sold.

Take care,

Brad

[alan ex pup]

Go to the NADA website. This is where they figure out a boats value or whatever you want to sell.