The Hull Truth - Boating and Fishing Forum

Go Back   The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > The Boating Forum
Search

Notices

Random Quote: There are no stupid questions..There are only stupid people.
Reply
 
Thread Tools Search this Thread
Old 12-30-2009, 07:42 PM
  #1    
Admirals Club
 
Join Date: Dec 2009
Location: Severn MD
Posts: 146
Default Grady White ? NADA Values?

I am looking at purchasing a fishing boat for the Chesapeake Bay and have had a lot of people tell me that Grady White is the best. I have been looking at the 208 Adventure and the thing is that the sellers asking price is close to double or more than NADA says. NADA claims that the average retail price should be 8k on a 94/95 year model and everything I see on the internet is 14k-18k. Can anyone tell me if this boat is worth the asking price and if this is what I should really expect to spend?

Is Grady White worth the extra expense? I can pick up other boats for less but I want something that will last and be reliable.

I will appreciate any advise that you guys can give!:
colbybitman is offline   Reply With Quote
Old 12-30-2009, 07:46 PM
  #2    
BannedCaptains Club Member
 
Join Date: Sep 2006
Posts: 3,228
Default

Quote:
Originally Posted by colbybitman View Post
Is Grady White worth the extra expense?
No.
eddy2419 is offline   Reply With Quote
 
Old 12-30-2009, 08:00 PM
  #3    
Senior MemberCaptains Club Member
 
Join Date: Oct 2007
Location: Birmingham, Alabama/Destin, Florida
Posts: 1,715
Default

Yes they worth the extra coin and NADA is off as far as Grady's are concerned. They command a higher resale compared to other boats.
__________________

2006 Grady White 225 Tournament Yamaha F250
2004 Bass Cat PIV 2010 200 Yamaha VMax HPDI Series 2
Chet88 is offline   Reply With Quote
Old 12-30-2009, 08:17 PM
  #4    
Senior MemberCaptains Club Member
 
Join Date: Mar 2004
Location: Stafford, VA
Posts: 2,268
Default

If resale is your #1 priority, GWs appear to hold their resale value a little better than most but they also cost more up front. Some math shows it to be a wash when initial cost is factored but math hasn't hurt Harley Davidson's resale any, owners still demand and usually get a premium for used machines.

Much like Lexus cars, their reputation has a lot to do with how the customers are treated in the showroom and service center, not because of their ride, construction, components, layout, etc. If things like corian, teak, and carpet are important to you, GW is one of the fancier mass production "fishing" boats.

94/95 is before they started using Greenwood XL in the transoms, make sure you have it checked because older GWs are famous for rotted transoms.

Since it's winter, I predict this thread will go at least 10 pages by the weekend.
__________________
2004 Trophy 2902 WA with Merc 225 EFIs
Sucks gas and hauls ass!

One step ahead and you are a genius, two steps ahead and you are a misfit.
UBETRUN is offline   Reply With Quote
Old 12-30-2009, 10:10 PM
  #5    
Banned
 
Join Date: Jul 2007
Location: APALACHICOLA FL
Posts: 73
Default

gw's are over rated, get a tru deep v
1bigasshole is offline   Reply With Quote
Old 12-31-2009, 03:27 AM
  #6    
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Aug 2003
Location: Sailfish Capital
Posts: 14,654
Default

Without looking, I have to wonder if you are seeing only the boat value in the NADA book. I just shopped for a friend and found a 01 GW 18CC, NADA had the boat at like $8k... Just the boat, you need to add motor value, trailer value to that number. The one I bought was $16k (newer motor, and a lot of brand new top end stuff, trailer, cushions, electronics etc). I have owned 3 Gradys, all great boats. My recommendation would be to be sure it has a SV2 hull design (after 93 on most models) and get a survey done before you pull the trigger.
__________________
Mike
http://www.thehulltruth.com/image.php?type=sigpic&userid=17887&dateline=132844  6335

Livin the dream...
Afishinado is offline   Reply With Quote
Old 12-31-2009, 05:24 AM
  #7    
Senior MemberCaptains Club Member
 
Join Date: Oct 2007
Location: Birmingham, Alabama/Destin, Florida
Posts: 1,715
Default

Quote:
Originally Posted by 1bigasshole View Post
gw's are over rated, get a tru deep v
Guess youv'e owned a few?
__________________

2006 Grady White 225 Tournament Yamaha F250
2004 Bass Cat PIV 2010 200 Yamaha VMax HPDI Series 2
Chet88 is offline   Reply With Quote
Old 12-31-2009, 10:19 AM
  #8    
Senior Member
 
Join Date: Apr 2009
Posts: 2,675
Default

For many years running, Grady's have earned the top spot in the JD Powers ratings for fishing vessels. I am biased since I own a GW but I bought a Grady based on the reports and research on the depreciation of many brands. I have had my used 208 for 3 years and it its resale value has held up well. In the fishing class including WAs, Gradys and Whalers get the nod for quality and price retention.

Can you go ny NADA? Not really and not jsut for Grady's. You have to search for similar boats and see what they are getting ( asking and selling price are two different stories).
Figure that private sellers add 10% to what they will take and brokers markup about 20%.

You also need to factor in any extras. Good canvas (including back curtain) for a 208 run almost $3,000 new from GW. Hardtop was another almost $3,000 option. Electronics could be worthless or not, you need to research. Other options: Trim tabs, fresh water option?, salt water washdown? What shape is the vinyl?

A trailer for a 208 new will run about $3,000. The big issue is the motor. A repower could run $15,000 so the condition and type of motor has a big effect on the price.
Some Grady's like the 208 have had problems with wet transoms. Only a good surveyor can tell the extent of water intrusion if there is any. Fuel tanks have been poly for a long time, no issues there
lostsinker is offline   Reply With Quote
Old 12-31-2009, 11:03 AM
  #9    
Senior MemberCaptains Club Member
 
Join Date: Sep 2006
Location:
Posts: 3,389
Default

Quote:
Originally Posted by 1bigasshole View Post
gw's are over rated, get a tru deep v
Why? So everybody gets seasick and/or needs a neck brace the next day?
__________________
DrJim is offline   Reply With Quote
Old 12-31-2009, 04:21 PM
  #10    
Junior Member
 
Join Date: Mar 2008
Location:
Posts: 16
Default

I think the NADA has the boat and motor listed seperate. Are you sure 8K is not just the hull price? Most 208's in that year range that I see for sale average 14k TO 16k asking price.
nevsatII is offline   Reply With Quote
Old 12-31-2009, 04:25 PM
  #11    
Senior MemberCaptains Club Member
 
Join Date: Feb 2007
Location: NJ/NY
Posts: 369
Default GW

Rather than NADA, I think using a search engine for yachtworld and other boat sites and seeing what the "market" price is for both personal sales and dealer sales will probably give another picture of the currrent market value
tmoutinho is offline   Reply With Quote
Old 12-31-2009, 04:33 PM
  #12    
Senior Member
 
Join Date: Jun 2002
Posts: 1,907
Default

Quote:
Originally Posted by colbybitman View Post
I am looking at purchasing a fishing boat for the Chesapeake Bay and have had a lot of people tell me that Grady White is the best. I have been looking at the 208 Adventure and the thing is that the sellers asking price is close to double or more than NADA says. NADA claims that the average retail price should be 8k on a 94/95 year model and everything I see on the internet is 14k-18k. Can anyone tell me if this boat is worth the asking price and if this is what I should really expect to spend?

Is Grady White worth the extra expense? I can pick up other boats for less but I want something that will last and be reliable.

I will appreciate any advise that you guys can give!:
First you should decide on what you are looking for in a boat. How do you plan to use it. If you are inexperienced with boats then try to fish with friends on their boats to figure out what you like and dislike.

I would not throw money at any boat just because of the brand name and a friend said this is the "best" boat. Best for who...him.

Grady may be the best boat for you or it may not be, there are many other brands out there to look at. Don't be in a hurry it is a buyer's market.

Oh yeah and do an internet search on every brand you are considering you may learn a lot.

A friend of mine has owned several Gradys and I have had the chance to fish on them all but they are most definetly not for me. That doesn't mean they aren't the right boat for you.

Good luck!!!
bens2 is offline   Reply With Quote
Old 01-01-2010, 02:10 PM
  #13    
Admirals Club
 
Join Date: Dec 2009
Location: Severn MD
Posts: 146
Default

Thanks for all of your replies! I did double check NADA and that 8K includes a 175hp outboard. After reading a lot of discussions on this forum. I am going to keep watching this boat and take my time looking at other boats. Everyone keeps saying it is a buyers market so I am going to keep doing research. Rockfish season is 4 months away!
colbybitman is offline   Reply With Quote
Old 01-01-2010, 06:32 PM
  #14    
Senior MemberCaptains Club Member
 
Join Date: Oct 2007
Location: Birmingham, Alabama/Destin, Florida
Posts: 1,715
Default

Quote:
Originally Posted by colbybitman View Post
Thanks for all of your replies! I did double check NADA and that 8K includes a 175hp outboard. After reading a lot of discussions on this forum. I am going to keep watching this boat and take my time looking at other boats. Everyone keeps saying it is a buyers market so I am going to keep doing research. Rockfish season is 4 months away!
It's not a buyers market like it was 6-12 months ago.. Used inventory is shrinking and most fire sales are over. Don't wait too long or you will be left at the dock. Good luck on your search.
__________________

2006 Grady White 225 Tournament Yamaha F250
2004 Bass Cat PIV 2010 200 Yamaha VMax HPDI Series 2
Chet88 is offline   Reply With Quote
Old 01-01-2010, 10:07 PM
  #15    
Senior MemberCaptains Club Member
PLEDGER
 
Join Date: Feb 2001
Location: VA
Posts: 13,363
Default

IMHO, ONE of the reasons for "higher resale value" on certain boats is that you PAY MORE, up front, for the boat!

Hypothetical:

$50K Grady (new in '06) selling for $40K in '09 - 80% of it's original value.

$35K Sea Hunt (new in '06) selling for $25K in '09 - 71.4% of it's original value.

"Loss" on BOTH boats is $10K, but the ORIGINAL difference in COST was $15K MORE for the Grady! "Better resale" for the Grady - YES - but more money up front. Not much difference in the "%".

BOTH are good/excellent boats - just a matter of difference on what YOU want to pay UP FRONT.

Regards,
__________________
Bruce
Boatless as of 5/14/10
Bruce W is offline   Reply With Quote
Old 01-01-2010, 10:29 PM
  #16    
Banned
 
Join Date: Jul 2007
Location: APALACHICOLA FL
Posts: 73
Default

its obvious that gradys or not worthy or you would not be worried about "resale"
1bigasshole is offline   Reply With Quote
Old 01-02-2010, 04:15 AM
  #17    
Admirals Club
 
Join Date: May 2002
Location: NC
Posts: 729
Default

Quote:
Originally Posted by 1bigasshole View Post
its obvious that gradys or not worthy or you would not be worried about "resale"
So we will all know what we need to own - what boat are you running?
__________________
Although the big word on the left is 'compassion,' the big agenda on the left is dependency. Thomas Sowell
unleashed is offline   Reply With Quote
Old 01-02-2010, 05:10 AM
  #18    
Senior MemberCaptains Club Member
 
Join Date: Oct 2007
Location: Birmingham, Alabama/Destin, Florida
Posts: 1,715
Default

Quote:
Originally Posted by 1bigasshole View Post
its obvious that gradys or not worthy or you would not be worried about "resale"
I have owned two Grady Whites and one sold in three weeks and the other in two weeks after going up for sale The Marlin I just sold was in the offseason.Try that is this economy. They have a following like Whaler and sell quick if priced right.

Yes please tell all of us what boat we need to own. Seeing how buying boats is such a great investment anyway.
__________________

2006 Grady White 225 Tournament Yamaha F250
2004 Bass Cat PIV 2010 200 Yamaha VMax HPDI Series 2

Last edited by Chet88; 01-02-2010 at 07:21 AM.
Chet88 is offline   Reply With Quote
Old 01-02-2010, 06:26 AM
  #19    
Senior Member
 
Join Date: Sep 2008
Location: Atlanta / Hilton Head, SC
Posts: 788
Default

Quote:
Originally Posted by 1bigasshole View Post
gw's are over rated, get a tru deep v

You might want to double check your user name.
__________________
30' Marlin
Grady678 is offline   Reply With Quote
Old 01-02-2010, 06:54 AM
  #20    
Senior Member
 
Join Date: Apr 2009
Posts: 662
Default

Quote:
Originally Posted by Chet88 View Post
I have owned two Grady's and one sold in three weeks and the other in two weeks after going up for sale The Marlin I just sold was in the offseason.Try that is this economy. They have a following like Whaler and sell quick if priced right.

Yes please tell all of us what boat we need to own. Seeing how buying boats is such a great investment anyway.


You owned two Grady's whats????
WhiteBucket is offline   Reply With Quote
 
 
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

 



©2009 TheHullTruth.com

Powered by vBulletin® Version 3.7.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.2.0