Ten

54-59k seems like a good deal for a 25 yo boat in the 38-40 ish feet if its all good IMO

if winter stored inside and heated you might have good luck for years!
worst case it will need a 5-6k transom... which already kinda seem to be discounted in some way compared to survey !

good luck !

Transoms are double that depending on the hull

Double !!! Really?
wow
i did not expect that !

I would reach out to Kenny at let's talk boats(his business). He worked at Velocity for many years and it's always helpful. There's a good chance he knows the boat.

Good Luck

Thank you. I will try calling him tomorrow.

Looking forward to any other opinions on price point or experience with "moisture" but not showing any signs of rot. Passed the acoustic hammer test.

Talk with Kenny, he likely knows the boat. One issue with the Carb HP500' the hour meter means nothing. Those can be disconnect. I almost never see them read the same as a EFI motor.

Where is the boat? You could get someone to do a comparison and leak down to give you a better idea, Kenny may even do that depending on where it is at.

Ditto on talking with Kenny as he can very likely provide a good estimate for the transom replacement. If it's a Florida boat Kenny may even be able to do the work if needed. Kenny worked at Velocity around 2000 and knows the history of many Velocities as he worked on their initial sale and or brokered many resales. I think the sale price is reasonable even factoring in a transom replacement provided the rest of the boat is good. The 390 is an excellent boat and value for that money.

Good morning everyone

Thanks for all the advise. I spoke with Kenny and got his input. Looking forward to seeing the boat for myself in person tomorrow.

Will update everyone on the purchase.