357 how much is this worth.

wildthing357 · 03-14-2004, 06:18 PM

Just wondering what is my boat really worth. It has 502 mags with 600 hrs. It is in great shape.

offthefront · 03-14-2004, 07:46 PM

what year ?

wildthing357 · 03-15-2004, 04:52 AM

1993 that has a 1994 eagle trailer.

Formula Outlaw · 03-15-2004, 07:46 AM

Low 50's if it's in really great shape. Most will say mid 40's but I've seen a few at that price and the overall condition was not great. That is what I'd be willing to pay for a good one though.

And if the exhaust is in the same shape.

Audiofn · 03-15-2004, 09:49 AM

I know one for sale in great shape with BRAND NEW 502 EFI's for mid 40's for sale for a long while.

Jon

dockrocker · 03-15-2004, 11:26 AM

Boat Trader shows 11 357's for sale, but if you look at the ads it seems like there are only 9 boats listed.

High price is $79,900 for a 1989; ad says HP500s but no pics so it could just be the broker's imagination; interesting to note that this guy is WAY above anyone else in price. IMHO, he's dreaming. Low is $39,900 for a 1986 and a 1988 (two listings, looks like the same boat though). Average price is ~$55,700. Consider that these are asking prices and most of them are listed by brokers, who get 10% right off the top, and you're right around $50K for a "sell it yourself" asking price - and not too many people are getting their asking price these days.

Not a great market for performance boats, seems like it has been trending downward for a while now. I know it took me over a year to sell my Powerquest, and I had it listed as the lowest priced 280 on the market. In the end I bit the bullet and took a loss of several grand just to sell it.

wildthing357 · 03-15-2004, 11:52 AM

Thanks for the input, looks like I'll have to dive it for another couple of years.

chuck21401 · 03-15-2004, 03:31 PM

Quote:

Originally posted by dockrocker
Not a great market for performance boats, seems like it has been trending downward for a while now.

Check out this related news release about general boat sales:
http://www.nmma.org/news/news.asp?id=4558&sid=3

dockrocker · 03-15-2004, 03:55 PM

I'd bet sales of performance boats are not doing as well as cruisers and fishing boats. And the insurance industry is doing it's part to kill performance as well, another thing to consider.

bford1 · 03-15-2004, 04:54 PM

You don't see many 357s that are as new as 1993. (Or as old as my '85 - wanna trade?) Seriously though I'd think that being a 1993 in great shape would be worth a big premium and mid 50s wouldn't be out of the question. No? When I was shopping for mine there seemed to be a lot of newer ones that were in the 45-55k range.