selling a Grady 228 with blown motor?

[Tailwaters]

For the last several months I have been thinking about selling my 2005 Grady 228. I really like the boat but just haven't used it much the last couple years. It's been a few months since she was in the water so we took it out a couple weeks ago. On the ride in the engine blew a rod (2005 Yamaha 250hp hpdi 700 hours). My mechanic said the engine wasn't worth rebuilding and the best option would be to find a new motor.

My question is, do you think I should try to sell it at a reduced cost with the blown motor or wait and put a new motor on it first. My local Yamaha dealer said it would be 2 months min before they would have any new 250hp 4 strokes in stock. I'm not sure I want to wait that long and would probable end up going with a Suzuki instead.

I just don't see many used boats for sale with a blown motor is why I ask.

All thoughts welcomed and thanks for the feedback.

 

[Greyduk]

There will be opinions both ways I think. But I will tell you that you will never get your money out of putting a new engine on it. It might be economically feasible to either rebuild what you have or find another powerhead. You could sell the engine separate or part it out, but you will realize the most for your money if it is running. Just my thought.

 

[Greyduk]

May be something like this?

https://www.ebay.com/itm/2003-Yamaha-Ou ... lr&vxp=mtr

Or like this

https://fortmyers.craigslist.org/col/bp ... 70708.html

Also there is a guy on THT that buys blown 2 stroke Yamahas, so you would get something out of yours.

 

[steveditt]

Sent you a private message with a few questions .

 

[Fishtales]

I think you are in a tight spot.
The current market if tight for motors. Not that there were deals in the past, but there is a motor shortage and you are not going to see much love.
I'd be inclined to work with a dealer that will put the motor on, let you use the boat for X% of the season and then sell it through him. I'm thinking you may get a better deal if you pre-arrange to sell the boat through him. Either way, I'd put the motor on. The only way it works the other way is if someone has a motor or access to one and I think they are far and few between.

 

[steveditt]

Friend would prefer to install a new motor and is actively looking to purchase a Grady 228 I told him about your boat ,sent you a P message to get your contact info so he can contact you directly .

 

[mhinch]

Call Matt Conrad from The Hull Truth. He's buys and sells quality used Yamaha outboards all the time. I know he's going to point you in the right direction.

 

[Tailwaters]

Thanks for the advise fellas!

There will be opinions both ways I think. But I will tell you that you will never get your money out of putting a new engine on it. It might be economically feasible to either rebuild what you have or find another powerhead. You could sell the engine separate or part it out, but you will realize the most for your money if it is running. Just my thought.

That's what I was worried about. Need and working engine on it to sell but also would like to get my money back too.

Sent you a private message with a few questions .

Replied

Call Matt Conrad from The Hull Truth. He's buys and sells quality used Yamaha outboards all the time. I know he's going to point you in the right direction.

I spoke with Matt about a week ago. He is keeping an eye out for a used Yamaha 250 4 stroke for me. That's proable my best option. Although I have found other used 4 strokes on-line the sellers don't have the best reviewews. Their are also a bunch of horor stories about buying used outboards over the web so if I do go this route it must be through a trusted person like Matt.

 

[SkunkBoat]

Sounds like you wanted to sell before it broke. So you don't want a boat anymore.

my opinion:
Cut your losses. Don't spend money.

If your 2005 boat is in good shape, it may even be a plus that it needs a motor.
A savvy buyer can get a great used boat and a brand new motor for much less than a brand new boat.

If you fix the motor or put a running old motor on it, you have to find a buyer who isn't afraid of an old motor.

You could part out the motor or sell the boat as is and let the new owner deal with the old motor.
The lower unit, prop, tilt/trim, stator, fuel pump... add up to a good amount of money.

Price the BOAT and the parts value of the motor (including the controls).

 

[Grady_Crazy]

Where is the boat located?