What is my boat worth roughly?

[uscboy]

Luckily, the boat didn't cost us anything. It <br />was given to us by my father-in-law, who bought <br />it new and was the only owner.<br /><br />It's a 1983 Chaparral XLC outboard runabout. <br />It's 19'3" long and has a 1983 150HP Johnson V6 <br />outboard that was recently rebuilt (carbs) and <br />tuned up (cost $500 total). The boat's <br />condition surprised the dealer where the motor <br />was serviced because it's in great shape for an <br />83. Carpet's a little stained (we're going to <br />try to steam clean it this weekend) but the <br />seats are all in pretty good shape. Couple <br />nicks here and there on one front bow seat, <br />that's it. I re-finished all the teak trim and <br />all the metal you see (and don't see) is <br />stainless steel including the prop and the <br />tubing around the bow.<br /><br />I'm curious what I should be claiming for <br />insurance amounts. I did a little searching <br />online for similar boats to get the value I've <br />originally claimed, but I want to see how close <br />I am with some real world opinions.<br /><br />Much thanks in advance!<br /><br />

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[RatFish]

Re: What is my boat worth roughly?

I'm not sure but I would start with checking prices online (iboats.com, boattraderonline.com, nadaguides.com, etc).

 

[rickdb1boat]

Re: What is my boat worth roughly?

I don't know how much it's worth, but it's a great lookin' boat for a 83' model. If I had to guess. 3-4 grand..

 

[uscboy]

Re: What is my boat worth roughly?

Originally posted by RatFish:<br /> I'm not sure but I would start with checking prices online (iboats.com, boattraderonline.com, nadaguides.com, etc).

Thanks for the links... I didn't want to search <br />classifieds, but didn't realize NADA did boats. <br />It's anywhere between $3700-$4300 depending on <br />condition they say. Good guessing, rickd.

 

[rickdb1boat]

Re: What is my boat worth roughly?

And the good news is that NADA usually lowballs the price, so you could be looking at more...For insurance, I would put a rider on it and the trailer and insure it for $5000.00.... <br /><br />BTW- That is one great father-in-law ya got there...

 

[quantumleap]

Re: What is my boat worth roughly?

Very clean looking rig. I'd take the in-laws out for dinner for the nice gift!

 

[delsol]

Re: What is my boat worth roughly?

better be steak dinner

 

[uscboy]

Re: What is my boat worth roughly?

We're planning on getting them something nice as <br />a thank you and have a few ideas. <br /><br />The first time they come visit (out of state) <br />we'll take them out in our boat (still odd <br />saying that) to a nice restaurant on the lake.<br /><br />Not only was it a great gift, but it gave us the <br />chance to see if we enjoyed the boating life <br />with a very minimal investment. Much better <br />than just buying the new boat I've been eyeing <br />and then finding out that we don't ever go out <br />and don't enjoy boating.

 

[John Carpenter]

Re: What is my boat worth roughly?

Nice rig and nice in-laws for sure. I would guess that your rig would bring around $4000. Local classified's are a much better indicator of value than NADA. Good luck with it.

 

[thehickfarmer]

Re: What is my boat worth roughly?

very nice boat. my dad just gave me a 1976 searay srv 180 closed bow with a 140 merc i/o

 

[Solittle]

Re: What is my boat worth roughly?

Your insurance company will value it per their sources not whatever you claim.

 

[uscboy]

Re: What is my boat worth roughly?

Actually, they asked me for the value. Not sure <br />if that's an Allstate thing only or not.

 

[quantumleap]

Re: What is my boat worth roughly?

Same here, my insurance rep asked me how much I wanted to insure it for under replacement value. Obviously the more you claim it's worth, the more your premium goes up.

 

[Dead Eye]

Re: What is my boat worth roughly?

Insure it for what you think is a fair value. Don't inflate the value because the Ins, Co, will only pay off their value< Don't give them any more than you have to and hope you never have to use it. <br /> Dead Eye

 

[uscboy]

Re: What is my boat worth roughly?

Bumping my very old thread looking for some advice...

Boat is in as good of shape visually as it was when we got it as detailed
earlier in the thread... added in a new stereo, etc.

But now one year after having a wet slip the gelcoat has little bubbles from
the water line down and the transom flexes when you bounce the outboard motor...

Anyone want to take a shot at what they think it would be worth now. Runs
pretty well, only stalls a time or two at idle when it's cold, other than that
it's great.

Just wanted to get an idea of it's value if we decide to sell it. I know the
weak transom is going to be a hit in value, but it's not a huge amount of flex
and there's no visual indications of damage, it's just old.

 

[tashasdaddy]

Re: What is my boat worth roughly?

2000 - 2,700. your most value is in the motor and trailer. flexing transom, blistering glass, just about negates the hull value.

 

[Bigprairie1]

Re: What is my boat worth roughly?

Around here.....$5,000-6000 all day long...maybe a little more....but probably in about 1-2 months from now.
Regardless....good condition, nice boat, Tuned/rebuilt motor, good history, shows well, ready to go unit with a trailer.
Yep.
BP

 

[JCMINIS]

Re: What is my boat worth roughly?

I have a baby doll 87 Chap 198XL,I/O.I went for 5500 insurance wise.

 

[Scaaty]

Re: What is my boat worth roughly?

State Farm same here..they ask YOU what its worth (within reason). My 88 is at $4000 boat/motor, $500 trailer. $300,000 Liability
Runs a little over $100 a year

 

[bruceb58]

Re: What is my boat worth roughly?

I sold a 1987 21" Bayliner Capri Cuddy with a 5.0L 6 years ago for $2500 that was better shape than the boat in this thread. Also had a galvanized trailer. I sold it to my neighbor. It may have been worth $1000 more....maybe.

At least for southern California, the NADA guide is way too high. I bought my 1998 24' Wellcraft with a 7.4L Volvo Duo-Prop for $20K in 2002. The NADA for the boat then was over $28K and now is around $18K. I would be lucky to get $16K for it.