what's it worth.........357SR1
 

Hello, boys and girls. I'm looking at one in Canada and was wondering what they are worth in the states. Might be cheaper to wait for the border to reopen and buy down in the states. The 357SR1 I'm looking at is in excellent condition. The engines are new.

Only have a pic of the engines. Its an 89.
https://cimg2.ibsrv.net/gimg/www.off...3b8b3df1f5.jpg

Oh, it has Hearing props. Forget the size and what drives are on it.

Sold my 89 in 2011 for 35k cdn with new bam transmission and full rebuilt 454-420 carbed engine on a trailer... if that helps... boat was an 8.5-9 /10

Thanks, helps. Think they've gone up this year like a lot of boats. Not seeing many advertised here or in the states. This one is a 9 out of 10. Very clean.

Oh, $35k CDN at current exchange rates is around $28k USD. Maybe the one I'm looking at isn't such a great deal. I'm also looking at a 1990 42 Fountain Lightning. If the Formula turns out to be a good deal, I'll buy both. The Formula will be an ocean boat and the Fountain will be my lake boat. Then I'll sell the Fountain next season assuming the land border is open! Get a straight bottom Top Gun. The Fountain is easier to find ads for. Not seeing many Formula's. I like the looks of the Formula.

Oh, with CDN sales tax of 12%, Id be into the Formula for $65k USD. I like it and can't find any advertised in Canada or the states. I'm trying to get a survey done on it and make a deal with the seller. Id be more comfortable at being into it for $57k USD. Or is that too much?

There is the red 1987 40' Fountain on AllStar auctions. It was on Double R's website last year and the ad said "Time Capsule"

Woah, that is an awesome 357SR1. I have never seen that engine package in one before, the biggest engines I’ve seen so far in a 357 was 575’s with speed master drives and that boat went for mid-$20,000’s recently due to health issues of the owner.

Typical 357SR1s in the states are going for $30,000 - $45,000 for the more common 420/TRS setup these days.

There's a pristine one for sale on FB for $50K US.

The one I'm looking at is pristine. 9 out of 10. Willing to pay a premium based on the engines being freshly rebuilt and a rare package. Working on getting him down on price, hoping the survey gives more leverage my way.

Problem with FB it only lets you view marketplace ads in your area. Can you give a link, please and thank you.

Join the Formula SR1 group. It’s listed there.

I will say though… $50k is getting into 382 SR1 pricing (a more modern boat). I think it’s significantly overpriced, but that’s just my opinion.

I think $50k is top dollar. The FB one could probably be bought for $45k. The one I'm looking at the premium I'm willing to pay is due to the engines and props (hearings). Found another listing at a boat dealer in Ontario for $57k think it was in CDN dollars. So that would roughly be $45k USD.

Still trying to make a deal............... Seller disclosed its needs the port engines valves adjusted. The fuel lines are too small for the 540's. Trying to get him down on price, but he's pretty firm even though its not turn key.

I wanna see more pics of this bird

https://cimg2.ibsrv.net/gimg/www.off...899b440a14.jpg

Ahh yes I remember looking at this one last year.

That’s a big friggin’ boat! Lol

Its only 35ft, looks bigger in person. I found a 04 38 Fountain lightning at a price below market. I'm going to see if I can look at that today as an alternative.

I just looks big on the trailer is all.

It does look big even in person on the trailer. Its the perfect size for my needs. Mostly want to run from Vancouver to Nanaimo on Vancouver Island. The crossing is via a sea and can get rough at times.

It’s big when you have to wax it, trust me. Haha.

I had my 357 in some snotty 3-4 footers the other weekend, we were running 42-48 MPH and didn’t spill my drink.

I really like the 357SR1, but the one I'm looking at needs to come down in price with the work it needs. The 04 Fountain Lightning that I found is priced about $30k below market value retail and is a great deal. Almost too good to pass on.

Depends on what you want. There’s a pretty big difference in these two boats. If you’re looking at a 04 Lightning, it really doesn’t make sense to be looking at a 357. They’re not even in the same class in terms of performance and build (old vs new). A FasTech is more comparable.

The lightning is more money, but priced so low, its a no brainer. Seller is a hockey player and is buying a new one. Wants the old one gone fast.

The 357 seller got back to me. He's drastically dropped the price because its nearing the end of the season. Now I need to meet with my bank because want both boats and need a new truck too. Its a holiday here Monday, so can't see my bank until Tuesday.

Any updates?

Waiting on surveyor now on the Formula and Fountain. Got the Formula down price wise to a more market price. But its an 89 and needs a survey or it could be a giant paper weight.

Buy something newer, you'll be out the same money in the end. There are no free lunches in this sport. Only difference is you will have 1/2 the boating time with the old boat because you'll be spending more time trying to keep it running than enjoying it.

If you want an old boat wait until you find some sucker that spends $50K-100K on his full restoration only to sell it for 1/2 what he put into it.

What's it worth? Whatever the parts are worth less cost to sell, my guestimate is around $40K. But I wouldn't pay that cause its an old boat and I like to boat more than I like to wrench.