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-   -   Value of 1988 272 (https://www.offshoreonly.com/forums/formula/184367-value-1988-272-a.html)

Magicfloat 04-12-2008 02:12 PM

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?

offthefront 04-12-2008 03:00 PM

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

88242LS 04-12-2008 03:17 PM

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

88242LS 04-12-2008 03:18 PM

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

Magicfloat 04-12-2008 03:20 PM

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

Magicfloat 04-12-2008 05:23 PM

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

88242LS 04-12-2008 09:39 PM

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

jaybird 04-13-2008 12:50 AM

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.

32storm 04-13-2008 12:39 PM

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.

Slick02 04-14-2008 08:27 AM

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.

Magicfloat 04-14-2008 10:03 AM

I believe he may get it for 15K

88242LS 04-14-2008 03:00 PM

15k is a steal unless its junk, I'd buy a 272 for 15k lol

Car Biz 04-14-2008 07:26 PM

This one here is a nice boat and IMHO priced right......Although i am kind of biased i used to own it:D


http://www.offshoreonlyclassifieds.c...o22329-en.html

zdek 04-14-2008 08:38 PM

Why's that guy selling it? It was a great boat - I know you took good care of her.

How are your engines coming along?

88242LS 04-14-2008 09:22 PM

there is a mint 272 just listed today for 24900 in oklahoma, if it had a trailer it would be a nice boat, 350 hours

zdek 04-15-2008 10:04 AM

Where's it posted?

88242LS 04-15-2008 12:04 PM

on BT Zdek

PJDiesel 04-15-2008 12:06 PM

I know the Formulas have a cult like following, but....

I have my boat up for sale, appeal wise it is very similar to the boat your are talking about.
http://cgi.ebay.com/ebaymotors/ws/eB...MESE:IT&ih=002

88242LS 04-15-2008 12:34 PM

like I told you on SW that is a nice boat, are you stepping up? have something in mind?

PJDiesel 04-15-2008 12:53 PM


Originally Posted by 88242LS (Post 2525992)
like I told you on SW that is a nice boat, are you stepping up? have something in mind?

Talking to me? :cool-smiley-011:

Yes, we are (tentatively) getting into a '92 38 Fountain SC. Pending a successful survey and sea trial (next Tuesday). We are very excited about being able to overnight without being totally cramped. Will be nice to have the generator, HDTV and Playstation on board. :D

SURE would be nice to sell our current one before hand. I have one very interested party coming for a second look tomorrow. Would be great to get that much less of a loan.:)

Even though the SC is less cool than it's lower profile and FASTER siblings, it is actually our dream boat at this point. Fits 99% of our wants and needs.

jaybird 04-15-2008 02:10 PM


Originally Posted by PJDiesel (Post 2525957)
I know the Formulas have a cult like following, but....

I have my boat up for sale, appeal wise it is very similar to the boat your are talking about.
http://cgi.ebay.com/ebaymotors/ws/eB...MESE:IT&ih=002

I owned a Villian 3 before. I actually got it instead of a Formula 242, biggest mistake I ever made. Sorry to say it was the biggest POS construction-wise. The fit and finish is very nice, but it ended up w/ major structural issues. Chapparral used plywood under the glass on the bottom of that boat. The motor mounts were made of a stack of 2x4's NAILED together, non marine wood. Turned to dust, which caused the bottom of the boat to crack since they put plywood there too. They also used the GAS TANK TO SUPPORT THE FLOOR!!!! My tank was destroyed because they left pop rivet heads underneath the tank which pushed into it and made small holes! The repair shop was horrified when they saw all of this and said Bayliners were better than my boat. I called Chapparal to ask about this and how to repair since the repair shop wasn't sure about the plywood in the hull (not talking transom either, in the damn hull!) , and they refused to comment. Also funny how they stopped making that model....

I am not trying to mess up your sale, but you are posting in the Formula forum and everything I said is 100% true as I lived through hell w/ that boat. Costs me THOUSANDS to fix. I will never buy another Chaparral again!!!

Car Biz 04-16-2008 08:38 AM


Originally Posted by zdek (Post 2525266)
Why's that guy selling it? It was a great boat - I know you took good care of her.

How are your engines coming along?

He is getting a divorce. I know he loves it alot BUT i guess the divorce is getting bad. I should have kept that rig!!!!!

The engines should be done this week i was told. I hope so!!!

Rambunctious 04-20-2008 08:55 PM

majicfloat

I sold my 272 last April

with "rare" and in my opinion, desireable colors ( black gelcoat hull side with grey/yellow stripe

manning triple axle trailer
330's
470 original hrs
1988
bravos
mint vinyl

$29,000

Ramb


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