Value of 1988 272
 

Twin big blocks,tri axle Eagle trailer,nice condition,second owner ,freshwater,. Good friend has chance to buy it,to keep,not to resell. Current owner is also a friend. Neither party has a clue as to price. Told them both the knowledge of older Formulas is right here,so chime in. What is fair for both?

As much as I would like to say 30K .... 20-24K Bravo Drives ?

hey Rob call me and give details, I'll help ya out, I can pretty much account for every 242/272 sold or not sold in the last year

this will be my chance to repay ya lol, again THANKS for all the help, I leave on thursday to come to bama

Do you mind I I have my friend the buyer call you? I don't know all the details

Phillip Beasley is going to call you,he is Mike Beasley's nephew. Mike was a friend of the owner of the 271 you are buying. The original owner of this 272 is the same car dealer that I sold the 271 to. Small world,thanks for the help.Robert

rob didnt hear from him tonight anytime tommorow is good I'd be glad to help in anyway I can
sam

The prices are all over the map on 272's which I have looked at extensively over the years. Big blocks are cool, but man they make that boat sit real azz heavy in the water. The boat is now 20 years old, which detracts from the value IMO because many insurance co's won't write a boat that old - not saying you can't get it, but it's harder and more $$ esp with that HP in a 27' ft.

Probably the biggest factor on value is the hours on the motors / exhaust besides overall condition of the boat itself. This often gets messy. If you can eat off the motors because they are clean and run ok still , that's great, but really if they are at the "acceptable point " for most mechanics that they are close to the # of hrs in std lifespan for that engine for a rebuild then that boat to me is only worth the value of the hull. I have seen so many owners get emotional about this because they love the boat and can't get over the fact that on paper the engines are worthless even though they still run ok. What if I bought the boat, are you going to warranty those motors - no of course not. So if they let go in a month I am stuck with the replacement job.

I looked at a Formula dealer's personal 272 w/ 454's before. My favorite colors - white w/ black and red stripe. The boat was dirty surprisingly. But the big one was that the 365mags had 800+ hrs and the exhaust was old, and drives had never been done either. They wanted $35k. I told them 15k tops since it needed 2 rebuilds and exhausts I was looking to spend at least 10-12k for the motor work, probably more as you always run into something, esp if drives needed rebuild. If you need 2 new 454 motors, exhausts, and drive rebuilds you can spend 20k in a flash plus lost boating time and the headache of having to do the work. Most owners don't see it that way for some reason.

So to sum it up from what I've seen for buys recently, if the mechanicals are old $10-15k, tip top new / rebuilds maybe upper $20's. Also these days you can find 311's for about the same money which is a way better boat having owned one.

Depending upon hours, and average "nice" for a 20 year old boat, I would expects this to be in low to mid 20's.

A lot of these I've seen have original interiors that typ. need re-doing, or will shortly; gimbal rings that are worn; outdrives that need re-sealing, and engines that will need freshening shortly.

After having an 88 272 and knowing what I invested in putting fresh 420's in it with exhaust etc, etc (88 big blocks were the first year of the Bravo's)and knowing what I got out of it when I traded it, educated guess is gonna be in the mid 20's as long as it's clean and everything is relatively fresh. Seems to me that the "Palm Beach" colors were the popular one's on the day.