Request for appraisal, 2011 170 Montauk

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southshore fisherman
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Request for appraisal, 2011 170 Montauk

Postby southshore fisherman » Sat Apr 03, 2021 9:13 am

What is your appraisal value for 2011 Montauk 170 with optional Comfort Package, bow railings, side railings, and swim platform. The engine is 2011 Mercury 90 FOURSTOKE with stainless steel propeller. The trailer is galvanized.

A dealer is offering this boat for sale at $24,000.

[Moderator's Note: moved to THE GAM for discussion because this request elicited a discussion regarding influence of current models on price of used models.]

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Re: Request for appraisal, 2011 170 Montauk

Postby jimh » Sat Apr 03, 2021 11:29 am

The asking price of $24,000 sounds reasonable to me.

It seems like a 2021 170 MONTAUK now costs about twice that. I really have not made a thorough and scientific study.

A much older 170 with a two-stroke-power-cycle engine recently sold for about $18,000.

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Phil T
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Re: Request for appraisal, 2011 170 Montauk

Postby Phil T » Sat Apr 03, 2021 3:25 pm

One should not compare a 2011 Montauk 170 II (taller console version) to a Montauk 170 III (completely redesigned hull, interior fuel tank etc). Comparing apples to bulldozers.

As for the 2011 Montauk 170 pricing.

Condition
Location (cheaper in FL,TX, more expensive in CA)
Condition

Bottom paint?
Electronics?
Accessories (anchor, fenders, etc)

Offer $22k if there is a trailer and the boat is c.l.e.a.n (no damage, no bottom paint, good cushions, clear windshield, engine service records).

Unfortunately demand is high, prices higher so it may already be sold. Be patient and wait for the right candidate. Don't just jump.
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Re: Request for appraisal, 2011 170 Montauk

Postby jimh » Mon Apr 05, 2021 5:45 am

The basis of my appraisal is as follows; the cost of the current model 170 MONTAUK will be representative of the replacement cost for any 170 MONTAUK made previously. There is not another source of new 170 MONTAUK boats than buying them at retail from Boston Whaler. A replacement 170 MONTAUK is now $35,000 to $40,000, or more, depending on options, particularly engine, electronic, and seating. That cost represents a considerable influence on older 170 MONTAUK boat prices. How else could you explain the sale of older boats at prices higher than their original MSRP?

As I mentioned, an older 170 MONTAUK recently sold for $18,000. The MSRP of a 170 MONTAUK in 2002 was only $17,655.

Boats do not intrinsically get more valuable with age. Boats are not collectables. The biggest influence on the price of used boats is the price of a new replacement boat of the same model.

Phil T wrote:One should not compare a 2011 Montauk 170 II (taller console version) to a Montauk 170 III (completely redesigned hull, interior fuel tank etc). Comparing apples to bulldozers.


That a newer model has some minor revisions compared to the old is inconsequential. The metaphor "apples to bulldozer" is silly.

See my thread at
2019 170 MONTAUK Retail Prices
viewtopic.php?f=4&t=4292&p=24479

The first comment in reply to my initial article which describes a 170 MONTAUK offered at $42,822 says:

dtmackey wrote:With prices like that it only lifts the prices of the used Whaler market as well.


To understand the change in configuration of the 170 MONTAUK that occurred in 2018, see my article on that topic at

Boston Whaler Introduces the 2018 170 MONTAUK
viewtopic.php?f=4&t=2588&p=22057

The hull design is 4-inches longer and 5-inches wider. But the only real effect of that on cost is the weight. The boat got 300-lbs heavier. The boat is essentially the same. At the time of introduction, the MSRP change was only a $1,270 increase in MSRP to $32,241 from MSRP = $30,971.

That is hardly a change from an "apple" to a "bulldozer".

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Re: Request for appraisal, 2011 170 Montauk

Postby southshore fisherman » Mon Apr 05, 2021 8:52 am

Thank you for the replies, I'm over 500 miles from this boat so I may never get to look at it.

It has no bottom paint and the pics show it's in excellent condition. I will be calling the dealer soon with an update, thanks again.

If it started at $40,000, normal depreciation would have brought it down to $14,000 by now. By normal I mean 15% after one year and 10% per year after that. It's a formula I saw years ago and use it for a guide. Of course we are talking about a Boston Whaler and Covid times, so all rules go out the window I'm afraid.

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Re: Request for appraisal, 2011 170 Montauk

Postby jimh » Mon Apr 05, 2021 10:22 am

Regarding the change in the 170 MONTAUK that occurred in 2018, here are some comparisons:

    170 MONTAUK Weights and Prices
    pre-2018 post-2018
    1,400-lbs 1,700-lbs
    $30,971 $32,241

The pre-2018 170 MONTAUK cost about $22.12-per-pound.

The post-2018 170 MONTAUK cost about $18.96-per-pound

On the basis of total boat weight, the post-2018 actually got less expensive than expected. If you apply the pre-2018 price-per-pound to the post-2018 model, then the post-2018 model should cost

    $22.12-per-pound × 1,700-lbs = $37,604


But instead of that lofty price, the post-2018 model only cost $32,241--a bargain in terms of what you got in the boat hull with added length, added width, and added interior room. The reason for this: making the boat hull bigger only uses relatively lower cost items like polyester resins and foam. The other components of the boat like the Mercury engine are much more expensive on a dollar-per-pound basis.

In terms of just price alone or weight alone, the percentage of difference between the pre-2018 and post-2018 models is not very big.

The price increased to 32,241 from 30,971, an increase of $1,270 or 4.1-percent

The weight increased to 1,700-lbs from 1,400-lbs, an increase of 300-lbs or 21.4-percent. Again, most of this weight was in the larger hull.

If anything, comparing used 170 MONTAUK pre-2018 boat prices to post-2018 new 170 MONTAUK boats probably is unfair in that the price of the post-2018 is a better bargain than the price of the pre-2018 boats were just prior to 2018.

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Re: Request for appraisal, 2011 170 Montauk

Postby jimh » Mon Apr 05, 2021 10:29 am

On a corollary observation, maintaining very high used-boat prices in the Boston Whaler line is strategic for selling larger boats. The ideal Boston Whaler customer is a new boater. New-boater walks into a dealer and buys a starter boat, a 170 MONTAUK. He pays $40,000.

A year or two goes by, and new-boater finds he really likes boating. He goes back to the dealer to look at a bigger boat. Of course, the bigger boat costs more, but the dealer offers new-boater a trade-in credit of maybe $38,000 on the 170 MONTAUK. New-boater is very favorably impressed. He sees he owned the 170 and used it for two years, and it cost him practically nothing. New-boater buys a new 210 OUTRAGE for $56,674 minus $38,000, and goes boating.

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Re: Request for appraisal, 2011 170 Montauk

Postby BamaBoater » Wed Apr 07, 2021 6:37 am

Who cares what an appraiser says the boat is worth, buy the boat.

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Re: Request for appraisal, 2011 170 Montauk

Postby southshore fisherman » Wed Apr 07, 2021 8:28 am

BamaBoater wrote:Who cares what an appraiser says the boat is worth, buy the boat.


Thank you for your viewpoint.

I asked here because I am not familiar with where the market is right now. I don't want to grossly overpay in case I decide to get rid of it in a couple years.

This is a small boat reseller that specializes in Boston Whalers and is currently closed to in person visits so everything they have sold is pictures, videos, face time etc. If I could view in person it is 525 miles away so it is doable. Most of what they advertise gets sold very quickly I'm surprised this one did not get claimed yet.

That's a lot of money for me so I'd rather lose it being cautious than buy it and be sorry.

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Phil T
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Re: Request for appraisal, 2011 170 Montauk

Postby Phil T » Wed Apr 07, 2021 9:30 am

If you can't get in the boat, even take it for a sea trial (weather is now nice). FORGET IT.

Would you spend $24,00 on a car you can't see in-person, get in and go for a test drive?
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Re: Request for appraisal, 2011 170 Montauk

Postby southshore fisherman » Wed Apr 07, 2021 1:38 pm

Phil T wrote:If you can't get in the boat, even take it for a sea trial (weather is now nice). FORGET IT.

Would you spend $24,00 on a car you can't see in-person, get in and go for a test drive?



That's my thinking Phil, I haven't been motivated enough to call them to see how they actually handle sales if the customer doesn't feel they get what they were expecting.

At least I'm getting an idea of the current pricing.