No I havnt, but I was just talking if the interior was the only issue. If there are other issues with the boat then the costs add up. If you have detailed pics I would be interested in seeing them.

Dan,
It sounds like it needs more than just some new vinyl. Replacing doors, panels, carpet, windshield, etc is going to add up. Not to mention it sounds like it has some paint issues too. Hacked skegs? One discolored header? I was told 25 hours on the engines. Looking at the video I see leaks at one of the blowers. God only knows the true condition of the engines and drives.

I guess what I'm saying is the boat doesn't appear to be such a deal once you start looking closer and adding up everything to get it back in shape. By the time you get in there finding and fixing everything, someone is going to spend a lot more than $5-$10k!

That 5-10K was just for interior. All the panel's and doors are vinyl and included in that number with the carpet. More on the 10-12K side. The condition of the motors are the big question. You can weld the skegs back to normal. Header could of just been a bad impeller or something and just needs polishing. Who knows. Something the owner may have never gotten to.

Does anybody know what the real displacement is. I don't understand what tommy Hughes 577 CID / "the cuz" 540 ci motors mean. Are they 577's or 540's. And whose "cuz" built them.

Good question, and what bore/stroke gives you 577? Unless he meant 572? (4.5 x 4.5)

He probably means a 557 ci which is the same cubes that merc uses for there 850 and 1075 package, it's 4.375 stroke X 4.50 bore 540 is 4.25 X 4.5 and 572 is 4.5 X 4.5, the reason for this set up by merc is that 4.375 stroke is the most you can use in a shot deck and still have decent rod angle.
thanks Dean

10.2 block with .400 longer rods? Or can you use a regular 9.8 deck height? What block does Merc use? Steel? Or alum with liners?

So 1 day left no bids, no reserve so I bet they yank it say it was sold local. Then they try and clean it up some without putting and real money in it since I am sure someone close to it has read this thread about it. Then put it back on ebay with some story and the list of great stuff thats been done to it since last time. Right around the Miami boat show with a reserve and a starting bid at 100k.

Short deck or 9.8 inch 4.375 stroke max tall deck 10.200 4.500 and above. merc use iron blocks.

Steel rods? I dont think alum rods would clear on a 9.8 deck with 4.375 stroke? I assume most marine engines run steel rods anyway. Is the Merc block a "GM" bowtie style block, or do they use the aftermarket Merlin/World Products stuff and rebadge it as "Merc"

I saw the "no bids" myself, was wondering if they are gonna pull the listing myself, wait and see.

My take on it was the odds and ends in need of repair would really add up quickly. The unknown condition of the power and drives could quickly swing a decent deal into being upside down really quickly. In my case I need an aluminum trailer, so that adds to the cost as well.

It's a sharp looking boat. At $80k it might be a good buy, or it maybe not be. If what everyone is saying that the boat wont sell for less that $100k or even $120k, I'd say best of luck finding a buyer.

I was surprised that it didn't even get one bid???? I thought it would bring at least 80K??? Seems like a decent ride.....

It is a buyers market rite now but many are upsidedown on their boats so they cant sell for what the market is dictating. Its the same as the housing market. There are some real good deals and there are some that are still priced the same as they were in 2005.

I did the math on it and decided it was a gamble at best. By the time I bought a trailer and fixed all the issues, it might have been an decent buy. If there were any issues with the power, drives, headers, etc it would have very quickly been a loosing deal and been into it for a lot more than I wanted to be into it for.

$80k sounds like a deal, but IMO it was just the tip of the iceberg... And it doesn't sound like the seller would even sell it at $80k!

And if he turned down 100k he would have not sold it for 80k. I have won a few things on ebay with NO RESERVE and been told no deal after I won. The way I look at it if you got the balls to put it on without a reserve then sell it to who wins and start at $0 on the bidding. I hate the no reserve ad's that start over what it's allready worth, they should do like Barett Jackson and start where they feel is right then go down if no bids. Even if you have your buddy buy it to save the loss Ebay would still get there cut.

I didnt realize that the seller could back out on a no reserve deal. i have sold a few things on ebay w no reserve but my intention was it was going and Ill take what I can get. I hope if you get burned in a deal like this you leave bad feedback

The deals I got burned on were under 5k. I would never spend more than 20k on Ebay without looking at it first unless it was something new with a warranty. And yes I left - feedback.

I agree, its bad enough to worry about "Schill" bidders, but, I get angry when you are the high bidder, or, in some cases the ONLY bidder and with a minute [or less] to go and the seller pulls the "no reserve" auction.

I also find a lot of sellers who make it a point to plaster "Must Sell, Gotta Go! No Reserve, Highest bid takes it" all over the ad, and then when you do your research you realize that the asking price is 10% higher than RETAIL.

On smaller items I find you really have to watch "shipping" charges, its another way sellers will "pad" the bill, I always make it a point to find out how much shipping is before I bid, prevents any suprises if you do win.

Back to the boat, it sounds like it COULD be a money pit, although I am suprised it didn't bring ANY bids? You would think someone [maybe a dealership/marina?] would think about buying it, cleaning it up and putting it for sale on there lot/internet for 20-30K more in the Spring. I wonder? Since Its a pretty limited market and Outerlimits are such a high end boat if most [or some?] of the potential buyers read this thread and shyed away from it. I know it was an eye opener for me.

Michael

Wholesale on that boat might be 40-50k. That would be the most a dealer would pay. Back in 07 I was offered 60k for a 98 Nortech 5000v that needed nothing from a dealer,and 120k from another. 200-250k is what it was worth on the retail market. That is why I now start my offers at half the asking price on boats that are listed at retail.

Lapse I like the way you think. I do the same my self people are off there rocker in what they believe somethign is worth 99% of them let feeling and sentimental value get in the way of true real world value.
-Mike

I suspect the model and age have a lot to do with it as well. No offense to the 37 guys, but it's now a dated model and hardly representative of the construction and design you see rolling out of the OL factory these days... although still a very nice boat.

I know this is no comparison, but Cigs are a little different in that they have historically had limited evolution in build or appearance. OL OTOH is a cutting edge company so older models tend to show their age a little more so than Cigs, for this reason I would expect to start seeing older models devalue a little more.

Im watching you.....:party-smiley-004:

WHo made this guy and expert on all boats and values. WHo needs the "Book Value" on anything just get the "Scot Value"
-Mike:hitfan:

The 37 has actually held it value very strong concidering the newest 37 available is still 10 years old, and many are as old as 17 years old. The early boats sold for well under 300K new, and are still fetching 100K +

Fred, I agree percentage wise they have held their value quite well, just saying that this model will be a little less desirable going forward compared to say something like your 42. It's not even an epoxy layup (correct?), or a current model. But the fact that all the OL boats hold their value so well is a testimate to how nice the boats have become. :cool:

Just an observation or perhaps I should say theory...

I would rather have a nice 37 with 6's than a newer 39. I have only been in 2 epoxy boats and they were early ones but I didn't like the feel they had. The build was great and they drove great just felt harsh. I hear the new stringer setup fixed that but havn't been in one.

The biggest problem with boat sales is the economy, 5 years ago you could have put a sign on that boat in front of you house and sold it. There are a ton of nice boats just sitting, look at the blue 08 51 trip 700's that boats been for sale for years, there were a few worn Cig.ts TG's for under 100k a while ago now back for sale after refresh and not much more money still sitting.

Maybe OL should do like UPS, ever seen an old worn out UPS truck? Nope, they take the trucks back and restore or part them out or scrap them.
I remeber a few years ago talking to Terry Sobo he was watching a 36 cat that was torn up real bad in a storm, they (Nortech) was going to buy it and cut it up just to make sure it didn't get slapped back together and be outhere hurting somebody or the NT name.

That 08 51 with trip 700's has been overseas.....not for sale forever.

Been on LCM's web site for 2 years, don't know where the boats been.

Dont believe anything on LCM wed site.

I wont now it's been on there a long time as a new boat, that was the 07 Luaderdale show boat right? Now it seems it was over seas and being used. Looked like they had that one and the red/cream/white ones for sale as new stock.

I've emailed them NUMEROUS times regarding boats they "have" and I never even get a return email. They must be too busy selling boats! :bsflag:

I heard from a pretty reliable source that there are bankers in there pretty much EVERY day trying to prevent them from going bankrupt