Good price for this Champion?

[G3Steve]

Hey guys, looking to get my first boat.

Checking out Craigslist, I found this one for $10.5k

I have no frame of reference for what's a good price for a boat.  Would you say this is a good deal?

http://stockton.craigslist.org/boa/3298866809.html

Thanks for any help.

[Bigwrench]

You can go here to get a ball park figure
http://www.nadaguides.com/Boats/Power-Boats

[G3Steve]

I actually checked there and on this page it says that the average retail was $4880, but I don't know if that is street value, or if I have to add on other values (such as the motor) to the $4880.

If $4880 is the price one can expect to pay, then this guy must be crazy.

[Bigwrench]

Should be with the motor and motor size should have been listed in the options you had to choose from

[Ron Fogelson]

BigWrench is right the double * noted on the NADA site shows price with motor and trailer.

Base Price: Suggested List Price     Low Retail      Average Retail
                 $19,817                     $4,280           $4,880
Options: (add options) 

Battery Charger - Dual 10 amp   $105 $120
Fish Finder - Max Depth 600'   $90 $105
Propeller / Stainless Steel (3-Blade)   $170 $195


TOTAL PRICE $19,817                  $4,645            $5,300



Value Explanations


Prices shown are retail consumer values and to be considered as selling prices. Trade-in values are to be determined by local dealers and are generally lower than values shown.

Suggested List – We have included manufacturer's suggested retail pricing (MSRP) to assist in the financing, insuring and appraising of vessels. The MSRP is the manufacturer's and/or distributor's highest suggested retail price in the U.S.A. when the unit was new. The MSRP is furnished by the manufacturer and/or distributor and are assumed to be correct. Unless indicated, the MSRP does not include destination charges, dealer set-up, state or local taxes, license tags or insurance.

Low Retail Value — A low retail valued boat will show excessive wear and tear either cosmetically and/or mechanically. This boat may or may not be in running order. The buyer can expect to invest in cosmetic and/or mechanical work. Low retail vessels usually are not found on a dealer's lot. Low Retail is not a trade-in value.

Average Retail Value — An average retail valued boat should be in good condition with no visible damage or defects. This boat will show moderate wear and tear and will be in sound running condition. The buyer may need to invest in either minor cosmetic or mechanical work.

Note: Vessels in exceptional condition can be worth a significantly higher value than the Average Retail Price shown.

Salt Water Note: Research indicates that boats exclusively used in salt water, which are not maintained and cleansed with fresh water, may depreciate more rapidly. This could influence the book value 10% to 15%.


IMHO it's a bit high but not way out of line,,,, a lot depends on the local market and some folks like to list items high because they know people will chew them down but if they get the asking price all the better.

Check with your local bank and see if they can't give you a loan value, that will give you an idea of the local market.

Good Luck in the hunt for a new boat 

See You On the Water!
Fogy