24' - What WAS an average MSRP (late 70's, early 80's)?

Discussion in 'Ask the Broker' started by boonsur, Aug 18, 2010.

  1. boonsur

    boonsur New Member

    6
    Jul 15, 2010
    West Michigan
    1982 - 245 Cuddy/Fisherman
    Merc. 260HP
    I'm looking at SRV-240/245's from this era.

    Found a nice one, but the asking price is close to $8K. I'm guessing it probably didn't cost much more than this when it was new. Hoping it has depreciated a little more than that, in 30 years :huh:.

    Just wondering - without being too specific, could you buy a new 24' boat for under 10 grand...back in the day? Or, am I way off? (20 grand, 30 grand, how much?)

    Just looking for an 'ish.

    Thanks.
     
  2. Loyd Dinneen

    Loyd Dinneen Member

    298
    Jul 29, 2017
    Las Vegas
    1977 Sea ray 240 SDA cruiser w/ twin 470 mercs.
    Twin 470 Mercruisers
    I bought a 77 240 sundancer for 4k and turned out to need alot of work to get it close to 100%(can you ever) If I had known the work I needed to do I either wouldn't of purchased it or only gave 2k for it. I'm still working on it. Boats that are old always seem to need alot of work.
     
  3. fwebster

    fwebster Well-Known Member TECHNICAL Contributor PLATINUM Sponsor

    Oct 6, 2006
    Middle Tennessee ; Panama City Beach, FL
    1996 450DA
    3116 Caterpillars
    The value of older used boats is totally dependent upon the boat's current condition. Trying to place a value on the used boat based upon what they sold for new some 38 years ago is a waste of time. Suggest you invest your time in appraising the replacement/repair cost of engine, outdrive, canvas, upholstery, headliner, interior flooring, fuel tanks, etc. to make the boat you found seawaothy and safe instead.
     
  4. boatman37

    boatman37 Well-Known Member

    Jun 6, 2015
    pittsburgh
    2006 Crownline 250CR. 5.7 Merc BIII
    Previous: 1986 Sea Ray 250 Sundancer. 260 Merc Alpha 1 Gen 1
    5.7 Merc BIII
    Just sold our 1986 250 but bought it from the original owner. He had the original receipt that stated ~$27,000 without trailer.
     
  5. bobeast

    bobeast Dance the Tide SILVER Sponsor

    723
    Oct 22, 2017
    Isleton, CA
    2002 310DA
    350 MPI w/V-drives
    A used boat almost always costs more than you payed for it. An $8000 boat in Bristol could cost significantly less than a $4000 boat in need of a re-power, for example. Any comparisons you do needs to account for condition. Asking price compared to original MSRP pretty much tells you nothing, with respect to the true cost.
     
  6. Woody

    Woody Well-Known Member PLATINUM Sponsor

    Nov 20, 2007
    N. Wisconsin/Lk Superior
    2005 420DA
    Cummins 6CTA8.3
    A friend purchased a year or two old '77 240SRV, the model with the forward leaning windshield. He paid 23-24K for it with trailer. I don't have any idea what MSRP would have been. Like already said, I wouldn't waste time thinking about original prices on a 40yo boat, especially to use to determine it's value today.

    That boat is still going today, lots of money's been poured into it, complete transom rebuild, a couple outdrives, a couple head replacements(toilet), 4-5 engines, reupholstered seats, a couple canvas jobs, custom fibreglass arch.

    After fiddling with small block engines they put in a 454 w/bravo 3. That was a great improvement for that boat. I wouldn't doubt they spent at least 50K updating that boat though the years, probably more. What it's worth today including the trailer I'd say somewhere between 5-10K.
     
  7. duckhead69

    duckhead69 Member

    77
    Jun 11, 2010
    michigan lake Erie
    2006 Nova
    1989 215 sundowner
    1986 300 weekender lowrance HD-5
    350 chevy inboards velvet drives
    MY buddy has a immaculate 240 weekender think he will take 5grand lots lots I say of extras
     
  8. Loyd Dinneen

    Loyd Dinneen Member

    298
    Jul 29, 2017
    Las Vegas
    1977 Sea ray 240 SDA cruiser w/ twin 470 mercs.
    Twin 470 Mercruisers
    With all that I have done to mine I wouldn't take less than 8-10k. The book for it if you have all the accessories is close to that and mine has everything plus a onboard 120 volt battery charging system,extra two house batteries,an 2000-4000 inverter, and a 50 watt solar charger. I also replaced the original engine charging system with 105 amp alternator conversion as the other fried itself. All the teak has been redone once, new pinstriping applied and the body rubbed out and waxed. The one your buddy bought is the same as mine except I have twin 470's which I believe is a rare model.
     
  9. sbw1

    sbw1 Well-Known Member

    Oct 10, 2006
    West Michigan
    This is listed in my signature
    This is listed in my signature
    tiara in the snow 01.JPG IMG_3891.JPG This is slightly bigger so a 24 was undoubtedly cheaper. We bought this 26 Express new in 1979 for $19,000. A 24 would have a few thousand cheaper.
     
  10. Loyd Dinneen

    Loyd Dinneen Member

    298
    Jul 29, 2017
    Las Vegas
    1977 Sea ray 240 SDA cruiser w/ twin 470 mercs.
    Twin 470 Mercruisers
    Boats are alot like cars when new as soon as you drive them off the lot they depreciate alot. They are basicly hole in the water that you pour money into. Their worth is the pleasure you get out of them when you are using them and how much you enjoy working on them to make them yours.
     
  11. sbw1

    sbw1 Well-Known Member

    Oct 10, 2006
    West Michigan
    This is listed in my signature
    This is listed in my signature
    tiara in the snow 01.JPG
    We owned the boat from 1979 to 1986 and sold it for $17,000 with about 3,800 hours on it. It looked much the same although we changed the stripe colors and toned things down a bit. Also changed the canvas to Sunbrella from the cheap original canvas, and added a cockpit cover to keep the new canvas fresh. In some respects it looked better used than new because of the detailing we did to it. It remained affordable while the new boats went up in price quite a lot. I believe used SRs held their value better during the 80s because people had money and were getting paid bonuses as business was good. This boat was clean with complete service records and sold within a week during the fall of 1986. The new owner completely trashed the boat within 12 months of owning it.
     
  12. Loyd Dinneen

    Loyd Dinneen Member

    298
    Jul 29, 2017
    Las Vegas
    1977 Sea ray 240 SDA cruiser w/ twin 470 mercs.
    Twin 470 Mercruisers
    Some people just don't know how to treat a boat perhaps they have more money than common since.
     

Share This Page

Show Sidebar