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Discussion Starter · #1 ·
I`m triing to sell my 87 Formula 223LS 454/425hp interior is near perfect.
really nice shape. Are things just that slow out there.I`m asking 13500 which I thought was fair and I`m getting low balled at 8000 without anyone looking at it.
 

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I've Survived Everything!
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The reason you're getting low ball offers is, there are sellers out there taking that kind of price cut on their boats just to move them, many of them half the age of your boat.

It is a very tough market right now! :unhappy1:
 

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My .02 is that your price is too high. Some people say NADA is full of chit but here goes......

I selected typical equipment. Almost 4K extra for the upgraded power which is a stretch if it's a original 20 yr. old motor and drive.

1987 THUNDERBIRD/FORMULA FORMULA 223 LS
Length: 22'
Model Name/Description: FORMULA 223 LS
Boat Type: Stern Drive Power Boat
Hull Material: Fiberglass

Beam: 8'
Engine: 1
260 HP
Gasoline
Net Weight: 3750

PRICING
Low Retail Average Retail

$6,340 $7,200
Reported Engine Range: 401 - 425 HP (8.1L)
Total adjustment for your engine(s): Add $3,755
Options
Power Boat: CANVAS
Boat Cover - Custom - 18 ft. thru 25 ft. $165 $190
Power Boat: ELECTRONICS
Depth Sounder $80 $90
Power Boat: ENTERTAINMENT
Stereo - am/fm CD player w/4 speakers $160 $180
Power Boat: MISCELLANEOUS OPTIONAL EQUIPMENT
Porta Potti $70 $80
Propeller / Stainless Steel (3-Blade) $150 $170
Swim Step - Teak $175 $200
Trim Indicator $60 $70
Trim Tabs / Hydraulic $255 $290
TOTAL PRICE $11,210 $12,225
 

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Hi.. Can you please send me pic and I mean as many as you have.. interior,ext,transom, cuddy etc etc..

Also what has been doen as of late and what do you think honestly needs to be done.

I like that style and have seen quite a few but none has reached out and grabbed me..
Thanks

[email protected]
 

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It is tough Yeah, but no matter what ur always gonna get those dumb azzs making stupid offers wasting ur time. Been there done that.
 

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Put up some pics...People on this site might be able to help.

A few thoughts -

Some of the older Formulas have color schemes that just don't appeal to the majority of current buyers.

The 87 is now a 21 year old boat - does that mean insurance concerns for a potential buyer?

1988 was the first year of the Bravo - what drive do you have?

For what its worth - I sold my 1988 223SS for $9500 2 years ago. It had the 330HP 454/bravo with ~600 hours and what I would consider a "dated" color scheme of Red with a black stripe under the rub rail.
 

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the 223 just doesnt pull in the money, the 242 is much more boat for notta lot more cash
sorry
for what its worth I think its sharp and like anything you will have to find the right buyer ive seen some 223's pull in some money on sleezbay might be worth a shot
 

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things have been dead on mine also. I have reduced the price 3 times now and thinking of doing it again
 

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Discussion Starter · #11 ·
older 30 foot boats are not selling at all. I`m currently working a deal on a cruiser 97 sea ray 290 I am getting it for a song..I let the Formula go for 10000. That is a deal any less and Ill feep it. I m also selling my 1994 27' rinker. My motor in the formula is not original or rebuilt, its a factory 454 HO 425 HP marine crate engine.
 

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Everything is worth what someone will pay for it. No more no less. If its worth more to you than someone is willing to pay
then your are right in keeping it.

Funny thing,you say you are getting another boat for a song
but want people to pay top dollar for yours.Be nice if it works..

;)
 

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formula223 said:
older 30 foot boats are not selling at all.
what makes an older 30' boat any different than and old 23? Just saying I personally would try and get the most boat for my money.. 3 years difference isnt much, and the 30 hands down would be the better boat for ride, comfort, ect..

Good luck with the sale though, market is tough on all boats right now let alone older ones.. In know i have an 89 sitting here also.. but im not going to give it away either, at least not until i find what i want to replace it. ;)
 

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andysperformance said:
what makes an older 30' boat any different than and old 23?
They use more gas...

Seems like anything that eats fuel (or gives the appearance that it does) has PLUMMETTED in value.
But an Escort that was worth $17.49 a few years ago is now a $3900 gas sipper.

SAD :(
 

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Old boats of any size will use more fuel than a newer boat of the same size and power. To a buyer who intends to keep his next boat for 5 years or more, they are better off paying up for a newer boat that costs far less to operate.

Add to that, older boats will have problems with E-10 gasoline. Buyers are not going to listen to a seller who says that their old boat has been modified or simply doesn't have any problems with E-10, buyers have read that old boats are a problem and they just steer clear of them at any price.

To add insult to injury, the market is flooded with late model boats at deep discounts. Many owners of boats who find they can not sell them are simply walking away from them, the repo web sites are packed with boats for sale saying the bank will take any offer. Even with that kind of potential for a real deal, the repo people are having a tough time moving boats.

Good luck selling anything old! :confused1
 

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bottom line... If a boat is priced right it will sell.
right or wrong.... if your boat has not sold, and thats any boat for that mattter IMO... your price is not low enough. That diamond in the rough buyer "I gotta have that boat and will pay anything" boat buyer in not out in the numbers he used to be.

No offense but to those with boats for sale since last fall...odds are the price is still too high for this market.
Those that cant afford to takle a locss on their loans are haveing a hard time selling right now.
Those incredible interesrest rates of a few years ago have left many to only afford to hold onto their rides
 

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I know it hurts but if you were already offered $8000 for a 20 year old 22ft boat thats not bad at all in this crappy market.
and as far as I know there is no such thing as a "factory" 425hp marine 454..Mercruiser never made that particular animal. Only 425hp crate I know is GM and it isnt marine.
you would be better off saying its a stock Merc mag engine.
 

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UP_ROKTOY said:
$8,000 for a 20 year old boat? For the most part I dont care what size it is, you shoulda taken the cash and ran.

Agree 110%............I had to lower the price on our Checkmate a heck of a lot more than I would have thought to get rid of it....People aren't buying and when I knew I had someone who actually had the cash and was serious, I didn't think twice. We took a bit of a hit but keeping the boat through the winter and wondering what next spring will be like with the economy etc made our decision easy especially when I knew it wasn't the right boat for our family.
 

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I remember looking at a 1988 like yours for $8900 back in 2002. It only had the 330HP 454, but it was pretty clean. I sold a boat I swore was worth nothing (needed transom/stringers/floor) on ebay, and lost only 3k on it in the 4 years I owned it. I had people calling about it from as far away as Kentucky (I'm in NJ). I ended up taking one of the calls, doing an off-ebay transaction for more than I expected for it, and terminated the auction. Gone in 5 days. Might be something to consider if you need to blow it out. You'll generate A LOT more interest if you start the auction at zero and don't have a reserve, unlike all these guys with ridiculas starting bids and the boat never moves. The low retail without options on the NADA is probably a more realistic expectation. Personally, I'd probably cut my losses and let it go for about $7000. The longer you hold it, the more the oil prices rise and the older it gets....the less you'll be able to get. We'll be at $5-$6/gallon next summer.
 
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