196 asking prices

[swc5150]

As I'm always curious what 196's are selling for, I'm getting surprised at what I'm seeing as far as asking prices. For example, there's an '05 on SIA for $33k. I didn't pay that for my brand new '06 back in the day. Heck, 2 years ago I paid $27k for my 100 hour '08LE. Are people actually paying these prices, or are owners just listing high due to the 200's price tag making them look like a bargain in comparison? Through the years, I've seen depreciation hold tight on some models, but never actual appreciation in prices. Makes me wish I kept my '06!

[swc5150]

I should add, I haven't seen appreciation on late-model boats before. Obviously classic boats - Chris Crafts, etc.- can fetch a hefty premium.

[scott resick]

last October I paid 24K for an 06 Limited w/400 hrs. I thought that was a pretty fair price.

[swc5150]

That seems fair to me too.

[TRBenj]

Maybe prices in the northeast are out of whack compared to the rest of the country, but the numbers being thrown around seem awefully low.

$24k for a '06 Limited last year? Thats pretty darn low! 2 VERY clean '03 Limiteds sold on our lake last spring between $20-21k, so I would have expected a boat thats 3 years newer to have commanded more than a $3k premium. Wasnt '06 DBW, or was it a split year? That change is worth a few bucks, as it will appeal to all the serious skiers that would demand ZO.

$27k for a 2 year old '08 LE? Holy crap. I havent seen an '08 priced that low yet- Im guessing you got a bargain and sold it for more than you paid?

$33k for brand new '06? You gotta be kidding me... that had to have been below cost. I know the sticker on Dad's '03 LE when he bought it new was ~$48k.


I do agree that $33k for a '05 is outrageous... seems like $21-22k would be a lot more realistic.

[schroed911]

What do you think is a fair price for a 2000 196?

2 owner
Perfect gelcoat and vinyl
PCM 275 HP
~375 hours
Fresh water use only
Recent 100 hour service, perfect compression, new rear main, new riser gaskets, new bilge pump, new perfect pass
Tandem trailer with 1 year old radials, spare radial, new master cylinder/drums, new winch
Bimini
Cover

[modog]

I paid 22.5 for a low hours 2000 196 with a 502 Python. I figured that was a little high for a 2000, but the big block was rare and what I was looking for.

[modog]

Forgot to mention that was at the end of last season.

[swc5150]

$24k for a '06 Limited last year? Thats pretty darn low! 2 VERY clean '03 Limiteds sold on our lake last spring between $20-21k, so I would have expected a boat thats 3 years newer to have commanded more than a $3k premium. Wasnt '06 DBW, or was it a split year? That change is worth a few bucks, as it will appeal to all the serious skiers that would demand ZO.

$27k for a 2 year old '08 LE? Holy crap. I havent seen an '08 priced that low yet- Im guessing you got a bargain and sold it for more than you paid?

$33k for brand new '06? You gotta be kidding me... that had to have been below cost. I know the sticker on Dad's '03 LE when he bought it new was ~$48k.


I do agree that $33k for a '05 is outrageous... seems like $21-22k would be a lot more realistic.

I paid $27,600+tax for my '06, then ordered a new trailer for just over $2k (got an Eagle at cost). As the owner of the dealership told me, it was a skinny sale, but not below his cost. Bought it in Feb '07, as it was a non-current. I am guilty of selling my '08 for $30k, so I did score somewhat on that one.

[swc5150]

To be fair, I should add that CC offered the $2k "clear the decks" promotion on my '06 as well. But still...

[swc5150]

What do you think is a fair price for a 2000 196?

2 owner
Perfect gelcoat and vinyl
PCM 275 HP
~375 hours
Fresh water use only
Recent 100 hour service, perfect compression, new rear main, new riser gaskets, new bilge pump, new perfect pass
Tandem trailer with 1 year old radials, spare radial, new master cylinder/drums, new winch
Bimini
Cover

There was a gorgeous 2000 that didn't sell for $15.5 on PN last fall, so it's hard to say? Timing and location are definitely key.

[TRBenj]

What do you think is a fair price for a 2000 196?

2 owner
Perfect gelcoat and vinyl
PCM 275 HP
~375 hours
Fresh water use only
Recent 100 hour service, perfect compression, new rear main, new riser gaskets, new bilge pump, new perfect pass
Tandem trailer with 1 year old radials, spare radial, new master cylinder/drums, new winch
Bimini
Cover

That 5.0L motor would be a major detractor for me, personally. I would put it at the low end of the price spectrum for that alone. $14-15k.

[swc5150]

I was thinking along the same lines as Tim, with the 5.0. I wouldn't completely rule it out if I were shopping, but I couldn't see myself buying anything but a GT40 in that era. A python would be fun though!

[swc5150]

Wow, just saw a listing for a '99 SN, priced at $21,900! Goooood luck!!

[jdarwin]

Market value is determined by what one is willing to sell/pay. I just recently "downsized" to an '07 196 Limited Team (rare) with 300 hours that had been upgraded with ZO. It has every option available that year. I paid in the $27k range w/ trailer. I thought that price was fair considering the price of comparable boats. Low hour 196's in good shape are becoming more and more rare with each passing day. Therefore, I believe that is maintaining the higher than normal re-sale value. And, I don't begrudge someone asking/receiving top dollar for their boat - in the end, it benefits us all.