94 290 DA w/ 05 MPI 4.3's -- $33,500 a good deal?

E

EricW

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Joined
Mar 11, 2008
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29597
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6
Newbie here, stressing over my next boat.

I'm considering a 1994 290 DA. The boat has 2005 220hp 4.3's with MPI, and 2005 Alpha One drives. The powertrain has 40 hrs. In 2005, the owner invested 30K in the new engines & drives. He's selling because he bought a bigger boat.

The boat has a generator, A/C, Arch, Furuno radar & chartplotter, windlass, canvas, and a triple axle alum trailer. Strangely, the boat does NOT have hot water.

The boat is in overall great shape.

$33,500 is the owner's rock bottom price. The boat is a bit older than I wanted, and if it weren't for the engines, I would say the price is high for 94.

What do you guys think?

Thanks,

Eric
 
Nope. Not even close in today's market. All the add ons to include the engines are on him. Look at NADA or the like and remember that when that book was printed, the market had not tanked yet. I'd bet he want's out on his loan amount to avoid upsidedownness disease. Hours don't mean diddley unless they bring a mfg warranty with them. Then you can add a bit.
 
I'm surprised. I thought that price was at least decent.

Any other opinions out there?

I will check to see if there is any warranty left on the engines. Since they are from 2005, any warranty has probably expired.
 
I agree with KiDa. All those extras and new items don't increase the value of the boat...they just maintain the value. $33,500 sounds a little high for a 290...there's alot of them on the market for less. Genny and no hot water? What's up with that?
 
For some unknown reason a lot of the 290's in that time frame came without water heaters. No big deal, easy to install, go in the aft cabin, port side.
I don't understand why the new items, the genset and trailer don't increase the value, please explain.
 
Because the value of the boat assumes engines in good running order and that's what it apparently has. Two new engines and drives though would push me to spend a bit more than book vaulue if that was the model I was looking for.
 
EricW,

Take a close look in that bilge. That's a ton of water and "stuff" in there.

If you need to post a long link, try tinyurl.com. It makes short links out of long links automatically. It keeps from stretching the window.

Here is your link in tiny url format.

http://tinyurl.com/28psb5
 
Not just water but water and oil. How do you do maintenance on engines so close together?
 
quote:
Hours don't mean diddley unless they bring a mfg warranty with them.
Click to expand...

Do you really believe that? I think there may be a difference in dependability and maintenance costs between a motor with with low hours and a motor with high hours.
quote:
I don't understand why the new items, the genset and trailer don't increase the value, please explain.

Click to expand...

I agree, how could a trailer that you could turn around and sell for 3k to 4k not improve the value of the deal?
 
Low hours may be a bad thing also. I look for boats with about 50 hrs of use/year on them. One of the worst things we can do to a marine engine is let it sit unused.
 
I agree to some extent. My 270 Crusaders are 22 years old with about 800 hours and run like new with no issues so there may be something to that number. It has always been in fresh water and is typically out of the water about 7 months of the year which are also significant factors.
 
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