Re: Century Coronado - Cardel conversion?
Mark,
I agree with you on "current" pricing and I see that you bought yours in 2010...Prices have plummeted, since 2008, so you probably got a good deal in 2010. A few years earlier, you might have found prices around $12K to be common for a average condition Coronado. In fact, a few years ago, there was also a guy out east who specialized in restoring Century?s who was selling 100% restored Cardel?s for $30K+; he told me he used to find them for $8 to $12K, but that they were getting harder and harder to find; I?m sure his business has tanked! Bottom line, there are always deals out there, but with an older Century, condition, like stringer issues, is always a factor to consider...That said, a $2-4K boat could easily cost an uninformed buyer an additional $10K+ with Stringers, Floor, Interior, Gelcoat, etc. Other things to consider are color and originality of the boat...I wanted original and I did not want an orange, green or poop-brown boat and many of the 70's & 80's boats were made in those colors.
I am not too sure how familiar you are with Century's?For me, aside from growing up on a lake and being around these boats, I started researching them,
seriously, in 2000 and it became a hobby of mine. I was looking for a Cardel, not a Coronado and, as such, over the years, I saw very, very few Cardel?s available and even fewer that were in suitable condition?I did not want a project boat. Subsequently, I bought a Malibu in 2001, although I kept looking for a Cardel. It took me until 2005 to actually find, the ?right? one that was in very good shape, original and 100% complete (1 owner boat owned by a Texas Oil Man) Had I been looking at Coronado?s I would have found one much sooner, as there were many more available, but I wanted the V-Drive Cardel.
As far as value of Coronado?s versus Cardel?s, that?s where I respectfully disagree with you. The Coronado and the Cardel are the same boat, albeit in different drive formats. While limited, there are plenty of Coronado?s out there, but the rarity of the V-Drive Cardel is actually desirable to many Century aficionados?
The I/O is completely undesirable! That said, condition being equal, every Cardel I?ve ever seen commanded more money than a Coronado. Beyond that, Cardel resale has nothing to do with dealers having trouble selling Cardel?s in the 1980?s, because the reality is that
Century had trouble selling all of its boats in the 1980?s in the midst of cheaper competition from a myriad of boat manufacturers. Indeed, Coronado?s & Cardels were a ?rich man?s? boat that quite simply cost way more than what the average boating consumer was willing to pay for a boat. In the 80?s the average consumer had a choice of buying a Bayslimer for $5-7K or a Coronado for $17K and they chose the cheaper boat. Indeed by the late 1980?s/Early 1990?s the Coronado and the ?top-of-the line? Cardel price tag crested well into the mid-to-high $20K range...Simply well beyond what the average consumer was willing to spend on a boat, at that time.
As far as supply & demand, Century started making the Fiberglass Coronado's in 1969 and continued production until 1998. However, there were no Coronado?s made from 1977 until 1980 and after 1987 the Century ?Heritage Line? which included the Coronado, Cardel, Resorter and Arabian, were sometimes very limited or non-existent in certain production years. On the other hand, Cardel?s were only made by the ?original? Century from 1982 thru 1986 and while there were a few Cardel?s made from 1987 thru 1992, these are ?Post-Manistee? models that were made as Century?s boat sales stagnated and the company sold out. In 1987, as Century was sucking wind, they were acquired by Glasstream and moved from Manistee, Michigan to Florida, later being acquired by Yamaha. So, the reality is that there are many more Coronado?s out there than Cardel?s and this makes the Cardel, rarer and more desirable. While you may not desire a Cardel over a Coronado, much less pay more for a Cardel, many people would!
The reality is, today, I just don?t see too many "good condition" Coronado?s and even fewer Cardel?s out there for sale. I suspect a reason for this is because most people that owned or bought these boats have money and are probably holding onto them until the market rebounds?A lot of collectors grabbed them over the past 10 years and are holding on to them. A boat is usually not a good investment, but these ?classic? boats hold their own and will likely increase in value, over the years...You will likely not lose anything on yours, at that price you paid. I have an offer from a neighbor of mine in the high teens, but I don?t really want to sell it, because I feel that I will someday have ?sellers remorse? and I probably won?t be able to find one, as nice as I already have.
Either way, the Coronado and the Cardel are beautiful, classic boats that are real head-turners...In many ways, they are priceless...Enjoy your boat!
BTW...Picture was taken on Channel Lake, IL

