$700 and never been serviced, tough call here. 2005 was the last year they made this model, and I beleive we were selling that for around 1400. Never being serviced, a cost for a repack could be as much as $700. So the cost of this used raft plus the cost of repack would be a few hundred dollars shy of a new one, and the new ones have a self-erecting canopy. If I were you I would tell the buyer if he gets it serviced, you'll buy it for $800 or $900. That would be a fair deal for the buyer and seller. Since the life raft is vaccumed packed its service interval is every three years. Hope this helps.
Life Raft and Survival Equipment