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My Boat - What's It Worth?

Post By: kicker      Posted: 2/11/2019 10:44:53 AM     Points: 115    
2002 Monark King 190 - 19ft.6 inch
No leaks
Welded hull
2002 125 H.P. Merc. 2ư Carburetors Oil injection
Always Merc. products
Temperature gauge
Trim gauge
RPM gauge
LED voltage gauge
Lowrance HDS 7
Kenwood Radio- 4 Infinity speakers
2 Live wells
1 storage
Rod lockers
Troll plate
Manual Cannon down riggers
4 rod holders
Dock bumpers
Trailer 2 year old bearings
Good shape
Everything works

 Reply by: Goosehunter82      Posted: 2/11/2019 12:02:25 PM     Points: 59193    
Just based on what I see stuff sell for come this summer I would say around 13k give or take a thousand.
Nice looking boat BTW
 Reply by: Ajax5240      Posted: 2/11/2019 6:53:45 PM     Points: 31216    
Id say Goose is pretty close. Id guess closer to the $12k range as most guys in that price range are hoping for a 4 stroke outboard. Or at least I would be. Still a beautiful boat, Id be happy to own it. Always have to start high and leave negotiating room anyways.
 Reply by: FXA0      Posted: 2/12/2019 8:48:12 AM     Points: 165    
$10K. NADA value is $8K. I would give you $1K for the fish finder and miscellaneous extras. Another $1K because there's not a lot boat like this for sale in Colorado. It looks like it's in a good shape and that may deserve a premium and, as I said, there's not a lot of boat like that for sale, so there's a couple of wild cards there. I wouldn't buy it, so it's like I'm trying to talk you down. :)
 Reply by: esoxrocks      Posted: 2/12/2019 10:05:18 AM     Points: 2504    
Nice boat. I paid $6,500 4 years ago for a 2002 17' Lowe - riveted hull / 2002 115 HP (2 stroke) with most of what is on this boat (no down riggers). The boat came with a trolling motor and fish finder, both of which I immediately replaced. Also have a full custom cover w/ vestibule. It has run great, just a water pump replaced. This boat looks to be in better cosmetic shape than my boat.

Given inflation, larger size, better shape, welded hull, but 4 years older than when I bought my 2002... but also given the inflated CO boat market...I'd say $10-$11k range.
 Reply by: Goosehunter82      Posted: 2/12/2019 10:19:43 AM     Points: 59193    
I based my number a lot along the lines of what Fxao said. There are rarely boats of this size age and condition that come along in Colorado making it a good sell around here. Generally something of that size and age is trashed and not worth buying. On the other hand there a lot newer and a Lund making them like buying a second house. I think it will sell realitvely easly come boating season. On the down side you are in that price range that will require most people to get a loan. Securing a loan on something that old would like be on a very short term making the payments too high or they wouldn't loan at all. I still think you will not have a hard time selling.
If your going to replace it maybe concider keeping stuff like the downriggers for your new boat. It would make you be able to lower your price on this one. I have done that in the past to get a boat into the buyers price range.
 Reply by: Gurnman      Posted: 2/12/2019 12:26:14 PM     Points: 262    
So are you thinking of selling it?
 Reply by: kicker      Posted: 2/12/2019 2:26:41 PM     Points: 115    
I haven't decided if I will sell it.
My reasons for bulking at selling.

Many comments over the years about how deep it is and how roomy with the back seats removed.

I bought a Mercury Service Manual right away.
It runs great after the time I spent dialing it in.

The 2+ 2 feature works great for me. I can troll all day with it.
No kicker motor to maintain.

It's a solid boat and that's why I still have it.
Some light dock rash, worn carpet, minor dash finish flaking but mechanically solid.
Hey it's 17 years old but meticulously maintained and cared for.

I think about selling it every once in a while.

 Reply by: Dakota Dude      Posted: 2/12/2019 2:50:03 PM     Points: 2326    
I have the same motor on my boat. It's a pain in the ass in the mountains.

I think you'd get 9k or so.
 Reply by: Ryan      Posted: 2/12/2019 5:37:30 PM     Points: 2376    
I've bought and sold quite a few boats over the years. There are a couple things that I have learned in the process.

During boating season, Colorado is ALWAYS a sellers market. If you have a well maintained boat, people will be interested.

Book values are useless. It doesn't matter which book you look at, boats sell for significantly more than "book value". Take a look at what is listed on Craigslist, and price it along the lines of what similar boats seem to be listed at. For yours, I would add some $$ due to what looks to be significantly above average condition.

Wait until April to list it. You will get top dollar as everyone gets antsy.

I think with the right listing (tons of photos and detailed description), your boat would sell for $13k this spring.
 Reply by: Gurnman      Posted: 2/12/2019 5:47:15 PM     Points: 262    
Well I've never owned a boat but I'd apply the same philosophy as to a car or truck. If it checks all the boxes and runs well there is no reason to sell it or upgrade. unless you need the money, or have lots of extra cash, then those are different stories. Even new trucks or boats have problems just like old ones.

Those deep boats are nice for taking the whole family, young kids, or a day on the water without fishing. I'd like to have one some day. )
 Reply by: Fishing Freds      Posted: 2/12/2019 6:07:16 PM     Points: 23    
Nice size boat,Looks Good! it's a MonArk so lower value cost right from the beginning, and it's under powered for this elevation.I would say 8k tops and use it at sea level. LUNDS are expensive and some of that is paying for the name but I feel they are the best aluminum boat by far, and always power to the max horsepower rating.
 Reply by: Hawaiian Punch      Posted: 2/12/2019 6:13:24 PM     Points: 8574    
I see a deep,weather the worst storm,comfortable,roomy boat there.I would not be afraid of taking it any where in this state,in any kind of conditions.You got everything dial in and working right.
Unless you want to go through all it takes to get the new one just right,keep this one.
Only thing I'd add is a Bimini top for that CO sun.
 Reply by: RogBow      Posted: 2/12/2019 8:39:35 PM     Points: 1871    
Good looking boat that should sell easily this spring ~11k.
 Reply by: River_FlyFisher      Posted: 2/12/2019 9:30:05 PM     Points: 1932    
Agreed, $11k.

We bought our current club boat a few years back, a 1998 18.5' Crestliner Sportfisher. Similar 2 + 2 configuration, similar immaculate condition, slightly bigger Optimax motor with barely 500 hours, ShoreLand'r roller trailer, travel cover, and 2 different tops (one Bimini, and one with zippers). Needed new sonar and trolling motor though. We bought it in March down in Caon City, and paid $9,500. HTH.
 Reply by: kicker      Posted: 2/13/2019 7:27:00 AM     Points: 115    
I have the same motor on my boat. It's a pain in the ass in the mountains.

How so?

I disagree.
My boat has been on many Colorado mountain lakes and Lake Powell.
 Reply by: FXA0      Posted: 2/13/2019 8:21:56 AM     Points: 165    
^ I had the same engine on one of my boats. It was paired with a stainless steel prop on an 18 ft aluminum boat. I never took my boat to the mountains, so i don't know how it would have performed up there. In Colorado, I could reach about 40 mph. In Nebraska, I hit 45 mph occasionally, with a light load. Overall, I was pleased with it. Nevertheless, that engine is the reason why I would not buy your boat. It's a 2 stroke and mine wasn't always easy to start. In addition, I want more power. With that said, it's a reasonable amount of power an a decent engine compared to other boats of that age. And what I am looking for would cost more than what you would get for your boat.

On to a different topic: there are a couple of myths or, at the very least, overstatements, about boat buying in Colorado:

1. Spring is the best time to sell and you'' get more money for your boat. This mindset leads to fewer boats being sold during the off season. Guess what? Supply and demand. More boats for sale in the spring => more supply. I have been looking at boat on craigslist and walleyecentral for years and there are still more deals to be had in the spring. I bought all my boats in the spring. I sold my first boat for the same amount I bought after two years of ownership. I made a couple of grands reselling my last boat.
2. Book values don't matter. It's true that fishing boats in Colorado tend to sell for more than book value. But banks still rely on book values for boat loans. I had a deal fall through when I was trying to sell my second boat because the potential buyer could not get a loan for the value I was asking. If someone is looking to buy your boat and use a boat loan to do it, book value is going to be a very tangible number. This in turn will have an impact on sale value.
 Reply by: FISHRANGLER      Posted: 2/13/2019 9:02:07 AM     Points: 1685    
FXA0 Sounds correct to me, lots of good info A couple others have some good info in here too.

The craiglist market drops to 400 or so boats in Denver available for purchase in the winter. Compared to 1500 in the summer. It's a better time to sell a good condition boat, less competition. That's my opinion Especially around boat show week.

I just sold last month a 19.6 footer 7.5 wide beam with the 2 stroke 125 for 4500$ I purchased to flip it. I picked it up towards the end of the year for 1500. Same condition Same size same motor only a couple years older.

There is a very limited market for a 19.6 foot boat and the motor is undersized but very usable and 2 stroke.

Your boat electronic and extra gears like down riggers should not be a factor in value as they are almost always outdated. And value in them. Even the stereo no one cares due to the Bluetooth capabilities these days.

One year I Purchased 9 boats
Last years I purchased only 3 I do know a little something about the market for aluminum V hulls here.
So ill give you my best opinion on value.

IMO its worth more to keep the boat if you enjoy it. A repower down the road if for any reason the motor gives you any trouble at all is worth it only if you keep it. This boat would last a lifetime and a Suzuki 150 or 175 would make it much more fun to own.

Otherwise because of the limited market and it cannot get financed.
the limited market meaning its too large for most to use here and doesn't have surge brakes on the trailer. I would say its value is about 7k to 8k that keeps it in the market where someone can pay cash for it. And be able to dial it in like a repower and new electronics if they wish.
I do not think you will get 10 or 13 unless someone really wanted it. I've seen some stupid people purchase boats for more. If i was purchasing the boat i would only give you 5k due to age of motor and it being undersized.

Id keep it and repower if i was you.
 Reply by: FXA0      Posted: 2/13/2019 1:06:24 PM     Points: 165    
^ Bringing it down hard! :) I did think that I was being nice with the $10K valuation. I was jokingly going to make a prediction that the price would come down to $6K by the end of the day today (down $4K from $14K to 10K in one day, so another $4K would bring it down to $6K today). It looks Fishrangler made you a tentative offer for $5K. I said I would not buy it, but I'll offer you $5,500. Because I am a nice guy. And my profit margin requirement is less than Fishrangler's. I can close the deal today! :)

kicker, if you like the boat, just keep it. You are looking at $40K to replace it with a new boat, on the "affordable" side. Some of the wisest words I have ever heard: "that old car is worth more to me than its book value because I don't have to make a car payment."
 Reply by: RogBow      Posted: 2/13/2019 7:03:09 PM     Points: 1871    
OP, tread lightly in the boat biz, there are few you can trust.

 Reply by: Anteroman      Posted: 2/14/2019 4:38:25 PM     Points: 5674    
Twenty plus years in the yacht sales business taught me several things but number one was, ( Any boat is worth what someone is willing to pay for it)
This holds true for mega yachts as well as pontoons.
 Reply by: FXA0      Posted: 2/14/2019 8:49:57 PM     Points: 165    
^ That's true for everything. In this particular instance, I am willing to pay $5,500, therefore it's worth $5,500. :) All joking aside, the only real way to figure out what someone is willing to pay for it is to put it on the market. Maybe start with $14K, and go from there.
 Reply by: Dakota Dude      Posted: 2/15/2019 9:26:14 AM     Points: 2326    
My motor runs great on the front range and lake powell (and all lower elevations), but once I get up in the mountains (because its carbureted) it struggles at full throttle and idle. I completely rebuilt the carbs last year and it didn't seem to help much.
 Reply by: Ryan      Posted: 2/16/2019 2:00:00 AM     Points: 2376    
Looking online, a new/newer Mercury 150 is somewhere between $7000 - $10,000. A new Yamaha is $15,000. If you aren't capable/wiling of installing yourself you are looking at probably another $1000. Some of that would be offset by selling your motor, but not a lot.

2 stroke outboards will run for thousands of hours if well maintained. With the type of use an average boater does in Colorado, your motor is likely barely broken in.

I think it would be not much short of insane to put that kind of money in this boat. You would never get it out of it when the time comes to sell.

Also think some of the low values are laughable.

If you are willing to sell for anything south of $7000, let me know. I have cash.
 Reply by: FXA0      Posted: 2/17/2019 11:05:53 AM     Points: 165    
$7K = lowest "laughable" value in this thread. What about. What about the $13K you think it's worth? $7K value by Fish Ranger - $5 acquisition cost = decent profit margin. $13K - $7K, seems greedy. Or disingeneous. Or both...
 Reply by: FISHRANGLER      Posted: 2/17/2019 12:46:49 PM     Points: 1685    
Yeah I noticed that also. LOL
 Reply by: bratfish      Posted: 2/18/2019 5:19:19 PM     Points: 1096    
Asking 'truck nut nation' boat value is as bad an idea as posting a fish weight. Nice rig. Don't sell it.
 Reply by: Fisher32      Posted: 2/19/2019 8:50:56 AM     Points: 53    
Take it to a few boat marines to get an estimate. I had a similar boat like that one. Same engine with a kicker motor and fully loaded. If you think it's worth 10k, divide that by 1.5 and you'll be in the ball park.
 Reply by: kicker      Posted: 4/7/2019 10:27:08 AM     Points: 115    
Asking $9 K.
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$6 K
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