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What's a 1989 formula 311 sr-1 worth these day?

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What's a 1989 formula 311 sr-1 worth these day?

Old 08-18-2014, 12:29 PM
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Default What's a 1989 formula 311 sr-1 worth these day?

I have a 1989 formula 311 with 402 hours on the hull , and about a 100 on 454 mags, has bravo's. It's a super clean boat, just purchased a brand new eagle trailer for it this spring painted to match, disc brakes on all axles and led lighting. At what price would it move fairly quickly?

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Old 08-18-2014, 12:33 PM
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sold my 89 35-7 2 years ago with recent 25k upgrade and engine refresh for... 28k...

so I'D say lower than that unless a 31 is more demand than a 35?
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Old 08-18-2014, 01:17 PM
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I have a 93 SR1-336 with fresh engines that I put 30K in upgrades in sitting on a 7K tri-axle aluminum trailer for sale and the best offer I got was 32K. Good Luck with your 311
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What do you think yours is worth??
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Old 08-18-2014, 01:22 PM
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on these older boats, condition is such a huge factor. bottom line is any boat is worth what a buyer is willing to pay for it.
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Old 08-18-2014, 01:30 PM
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Originally Posted by Rattlesnake Jake
I have a 93 SR1-336 with fresh engines that I put 30K in upgrades in sitting on a 7K tri-axle aluminum trailer for sale and the best offer I got was 32K. Good Luck with your 311
.
What do you think yours is worth??
That I haven't figured out yet, it's a really clean and nice older boat, just have other things I could be doing with the funds right now
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Old 08-18-2014, 02:13 PM
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Te biggest problem with a lot of older boats and what helps kill the value is financing. Most of that is cash type buyers as not a lot of places will finance a performance boat and then an older one on top of it. I know that some places do but options are limited.
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Old 08-18-2014, 02:16 PM
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Amen to that. I have a ton of cash wrapped up in my Formula and just bought a trailer for it to help make it more appealing when it is time to sell and I bet I will get around 20K when it is all said and done.
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Old 08-18-2014, 03:26 PM
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I plugged in just the basic engine option into NADA and the boat average retail is $19,530. With the trailer $27,635.

I suggest adding all your options to get a more accurate number. Good luck.

http://www.nadaguides.com/Boats
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Old 08-18-2014, 06:14 PM
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That's good info thanks!
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Old 08-19-2014, 10:48 AM
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Would you accept a trade ? 1984 302 SR1 that will blow you out of the water.
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