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ContinuousWave: Whaler Marketplace
Used Outboard Cost
|Author||Topic: Used Outboard Cost|
posted 07-10-2008 01:50 PM ET (US)
A question for our resident motorheads:
What should I expect to pay for a well cared for, mid to low hours, 2 stroke 70-90 hp used outboard, vintage from mid 1990's to, let's say 2003-2004.
I really wanted to repower the montauk with a brand new motor, but I just don't think it s going to happen right now. A suzuki shop up the road has a mid 90's yamaha 70 2 stroke, with fairly low hours, and he has maintained it for several years. Some folks with a whaler decided to switch to a four stroke to cut down on the noise and smoke. He wants 1800 for it.
That got me thinking, if there are many to be found in that range, it would be much more cost effective than a true "repower," and I could maybe get four to five years out of it, hoping I could afford the repower when that time comes.
What do you guys think?
posted 07-10-2008 04:29 PM ET (US)
I think $1,800 is way too high for a mid 90's Yamaha 70. Yamaha had many versions of motors form mid 90's through 2004. Some carbureted, some fuel injected. If you are committed to 2-strokes, I would stick with a solid fuel injected model. Use the link below to get a ball park on price. Use the "Low Retail" number and deduct 20% to start-then you have a workable number. Most folks are giving away 2-strokes. The 1994 70 HP carbureted model has a Low Retail of $1,100.
posted 07-10-2008 09:17 PM ET (US)
I have a 90 hp. evinrude runs great w/ a rebuilt lower unit sittin in my garage marty @ 4196561226
posted 07-11-2008 10:09 AM ET (US)
Actually if she is clean...$1800 is not bad especialy with controls. No offense T/A but they did not make EFI outboards in that hp range until Suzuki did in late 1990's in their 4 strokes.
posted 07-11-2008 03:45 PM ET (US)
You are correct about the EFI-I think in terms of V-6's too often. I still think paying $1,800 for a motor w/ a blue book of $1,100 is high, but the motors real worth is what someone is willing to pay for it. For $1,800 I would expect all rigging, gauges and a decent ss prop.
posted 07-11-2008 11:20 PM ET (US)
Personally, I think the NADA values are as worthless for outboards as they are for Boston Whalers..
There is no distinction for the outboards location. For example: a Florida engine would typically get used in saltwater and be used 12 months of the year.
Conversely, an engine from Minnesota might get used four months of the year; all in fresh water.
To me, that's an "apples to oranges" comparison.
posted 07-12-2008 08:39 AM ET (US)
The NADA is certainly not an absolute, definitive, undeniable source of values, for anything. It is a tool, and should be used accordingly as a reference point, or an "average". From there you will need to make adjustments based on criteria and specific history of an individual motor, just like you do with a car-some worth more, some less. It will always be difficult to accurately assess value on any motorized vehicle that accumulated 10+ years of age-many factors to consider.
As far as Whalers themselves and the NADA, it seems most here subscribe to the notion that the NADA is light on value. Probably true for the CW member who prizes his or her Whaler and cares for it accordingly. But for every well kept Whaler, there is a neglected Whaler dragging down the NADA value, and thus you arrive at the average NADA value.
Having said that, since banks routinely use NADA in determining value, and thus how much it will lend on a particular boat and/or motor, it would prudent to be aware of these values if you are considering financing your purchase. Use the NADA as a tool, not as an absolute indication of value.
posted 07-12-2008 10:15 AM ET (US)
I stand by my statement.
Here's a Whaler example: (I picked this because I own one) 1988 Boston Whaler 18' Outrage. NADA says low retail is $2,790 and average retail is $3,140.
Granted, those are hull only numbers, but I submit a 1988 18' Outrage selling at those prices is severely damaged. It does not represent a boat in operable condition.
Here's an outboard example: (I just bought one of these) 1988 Johnson 70 with PT&T. NADA says low retail is $315. and average retail is $355.
Maybe for a parts motor with a seized engine. Lower units alone from those engines sell for that much.
I recently sold a 1976 Evinrude 70 for roughly $850.
NADA's opinion: low retail $70. average retail $80.
posted 07-13-2008 07:23 AM ET (US)
My 1975 Evinrude 70 just sold on Ebay for $375, a strong, solid runner but pretty sun-bleached and nicked up.
posted 07-13-2008 08:53 PM ET (US)
I think there is anecdotal evidence to support just about any position. For instance, this 1995 Rage http://miami.craigslist.org/brw/boa/747451962.html is listed over 300 less than NADA average retail WITH a trailer. Throw a couple three or four hundred dollars in value for the trailer, and the boat nets out in the mid 2,000's well below NADA. This would be an example of a boat that levels or averages the NADA values.
posted 07-14-2008 12:05 PM ET (US)
And those are the ones to buy. NADA is a joke unless you are a buyer and "try" and use it to your advantage which never hurts to try.
posted 07-14-2008 12:10 PM ET (US)
Thanks for the responses, for me the equation right now really revolves around getting the boat up and running for any cost, without being foolish with my money. A new motor will run me between 6500 and 9500 rigged. If I can be rigged for under 2 grand, and the mechanic is confident in the history of the engine, then I might be all over that.
posted 07-14-2008 02:36 PM ET (US)
As was suggested...use it as a tool, as a buyer, to your advantage. But also be aware, if you plan to finance your purchase, the bank will also use it (or another valuation service that will likley reflect equally low prices) to determine what they will lend. Mr. Banker does not want to hear about what a cream puff it is, or that it's a "Whaler" and they are always low-ball'd in the NADA.
posted 07-16-2008 09:59 AM ET (US)
I would be all over that motor, let me know if you decide to pass. NADA is just a "guide".
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