"New" junker... how much $$ should I ask for?

erikgreen

Captain
Joined
Jan 8, 2007
Messages
3,105
Hey all -

I just bought an old boat off of a guy I was trying to get an engine from... he wanted to sell the whole boat, but I did one of those things you later regret, saying "If you can't sell the whole thing I'll give you XXX for the engine"... then I bought another engine, and he ended up relying on me to get some cash he needed. I said I'd buy the engine, so he gave me the whole boat for the same price.

So, I paid $350 for a 1976 Formula Thunderbird. It's in poor to fair shape but still restoreable I think. I'm not gonna do it. My question to you all is how much I should try to sell it for, and how should I sell it, as parts or as a whole?

Here's the details: It's got a Chevy 350 automotive motor in it (the kid that had it prior to the guy I bought it from put it in) with an edelbrock torker intake and four barrel edelbrock carb on it. Both are automotive... I'm amazed the kid is not dead from explosion. The wiring on the engine is funny, it's done outside the mercruiser harness, with some "temporary" gauges hanging loose on wires near the engine. It runs though, it was demonstrated for me.

The floor is soft, with a piece of 3/4 ply being used to reinforce the front half. The gauges and steering wheel seem ok, as is the shift/throttle lever and linkage. The sterndrive was beaten up, but the PO had it tig welded by a friend and it seems ok.. it holds pressure, and he replaced the impeller and pump. The prop is toasted though.

The boat has an open bow with a snap-on bonnet on it. It's a three piece windshield and is missing the center section.

The trailer looks like it had surge brakes, but they don't function. It's got two 205/75R14 tires with shiny wheels on them, non rotten. The rollers all look ok. It needs a winch handle and a light bulb as well as a jack, but all in all the trailer is in ok shape and certainly useable.

The hull has one hole at the front where the kid had an accident on the trailer, a few scratches elsewhere, and some above waterline through holes covered with bits of tar paper(?). It also has a pvc pipe through-hole on one side with a hand bilge pump near it... I presume for emergencies :)

I have two possibilities: One, sell the parts... the sterndrive seems functional, the engine runs nicely (but needs a new alternator and boat conversion unless it's going back in a car), the trailer is worth something. The boat has an aluminum fuel tank in decent shape, probably re-useable. I could junk the hull whole or cut it up and drop it in the trash.

Or, I could take out the block/sterndrive/controls that are in it, and drop in my old 888 setup, and sell the thing as-is. For that matter I could just flip it as-is and re-sell it for what I paid at least.

I have another boat project that's taking all my time for the rest of this year, and no place to keep this boat.

So, what do you guys think I should do? What would get me the most cash back for it?

Here's a link to some pics, and I'll insert one here:

http://www.greendragon.org/junker/

P7202515.JPG



Erik
 

Boomyal

Supreme Mariner
Joined
Aug 16, 2003
Messages
12,072
Re: "New" junker... how much $$ should I ask for?

Looks in good cosmetic shape erik. Shame to let it go but you have to make the call. I too have more boats than I have room for. I just love working on them, especially when they are not deficient in all areas.

I do detest those goofy, high center of gravity, roller trailers though! :(
 

MacGyver76

Cadet
Joined
Jul 7, 2007
Messages
11
Re: "New" junker... how much $$ should I ask for?

Hey all -
-SNIP-
So, what do you guys think I should do? What would get me the most cash back for it?
-SNIP-
Erik

Well to get the most out of it.. if it was me I would part it out.. you can get more out of the 20 or so parts as just selling it as 1. You could part the motor and get more also or sell it as complete engine, etc..

I too bought a boat and thought it was an easy fix but now after doing some testing I need a new block. This one has one all the way through on port side and if I can't find one I will part it out as the hull is in great shape and the engine parts and trailer will sale for way more than what I paid for it..

Just some ideas.. Good luck ;)
 

rdcinmn

Cadet
Joined
Mar 9, 2005
Messages
23
Re: "New" junker... how much $$ should I ask for?

erikgreen,
If I wasnt moving this month Id shoot you an offer.
Im going to be broke for a while though.
 

EricR

Petty Officer 1st Class
Joined
May 17, 2007
Messages
296
Re: "New" junker... how much $$ should I ask for?

There is NOTHING wrong with using an aluminum intake, other than the old Torker single plane is a high RPM intake and on an application like that a dual plane is much better for low end torque production. Yeah, they say they'll corrode and a cast iron one won't, but if you flush the engine after salt water use and maintain the zincs in the risers it won't be a problem.

A friend of mine had two different Formulas like that, I think his were both 23footers. One was an Alpha 1 with a Chev 350 that he did some head work and a cam to with transom exhaust, the other was an Alpha 1 with a 351 Ford. He painted both boats and re did the interiors.
 

erikgreen

Captain
Joined
Jan 8, 2007
Messages
3,105
Re: "New" junker... how much $$ should I ask for?

Good to know... I pulled the parts I wanted off today, had to pull the engine to do it.

I also noticed that the trailer is about 2/3 steel, and 1/3 aluminum beams... probably 100-200 pounds of aluminum in that thing. Anyone know what the scrap price is at the moment?

I could use the trailer steel beams to make an engine hoist so I don't keep renting one, scrap the aluminum, and save the rollers for other uses. Sell the 350, and keep the marine parts/hoses etc. for spares for my main boat.

I think I may just give away the hull, controls, etc. if anyone wants 'em.

Erik
 

thunderroad

Chief Petty Officer
Joined
Jun 19, 2005
Messages
417
Re: "New" junker... how much $$ should I ask for?

I'd buy the rear folding ladder from you.
 

sparticus

Petty Officer 3rd Class
Joined
May 31, 2007
Messages
92
Re: "New" junker... how much $$ should I ask for?

The price here in Utah is around .65 a lb. It will be worth it for you turn it in for scrap! My wife and I do some humanitarian work for some orpahnages overseas, and one of the way we make money is recycling cans. I turned in 171 lbs last week and got $138 for the babies (i had a coupon for a few extra cents per pound).
 

bassboy1

Lieutenant Commander
Joined
Jun 23, 2006
Messages
1,884
Re: "New" junker... how much $$ should I ask for?

Well the price of aluminum changes daily, and the best way to find out is to call your local scrapyard. If they are as good as ours, they will have an automated recording that will tell you the price of everything. Takes ten minutes to listen to ours for the pricing for all the grades of steel/aluminum. Many of the pieces on that trailer are gonna be extruded aluminum. That stuff is really worth higher prices. It is much stronger and a cleaner blend. Cast aluminum isn't gonna be worth as much. Aluminum cans come out just higher than halfway between cheap aluminum and expensive stuff. They are a fairly high grade. Radiators are good money too.
 

erikgreen

Captain
Joined
Jan 8, 2007
Messages
3,105
Re: "New" junker... how much $$ should I ask for?

I've got the whole thing on craigslist right now for $400, free-boat-with-trailer, but if I part it out I'll take some offers. I've only had one person interested in it so far, although I've had three interested in the engine.

I'm gonna call the local scrap dealer and look at prices for aluminum too.

Erik
 
Top