Empathy List Archives

M

MIKECOWARD@aol.com

Mon, Jul 19, 2004 5:32 PM

A potential buyer for my 1986 42ft GB MY trawler has made the following
comment and believes my price should be reduced because the Ford Lehman 125 hp
engines have 6,000 hours on them:

"Hours are an issue to most people in the marketplace. A well maintained
boat with 6,000 hours has twice the normal wear and tear as a well maintained
boat with 3,000 hours."

However, Bob Smith at American Diesel gave me the following:

"With just 7,000 hours your engines start to run at their best. We expect
that a rebuild might be needed after 20,000 - 25k hours and even then all the
bits will be standard. The comment about high hours is only a way to have the
selling price reduced".

Do the listees believe that high engine hours should be a reason for a price
reduction and if so how much of a price reduction should I expect for the
above boat with 6,000 engine hours compared to a similar boat with, for example,
4,000 hours?

Mike Coward
Murrells Inlet, SC

A potential buyer for my 1986 42ft GB MY trawler has made the following comment and believes my price should be reduced because the Ford Lehman 125 hp engines have 6,000 hours on them: "Hours are an issue to most people in the marketplace. A well maintained boat with 6,000 hours has twice the normal wear and tear as a well maintained boat with 3,000 hours." However, Bob Smith at American Diesel gave me the following: "With just 7,000 hours your engines start to run at their best. We expect that a rebuild might be needed after 20,000 - 25k hours and even then all the bits will be standard. The comment about high hours is only a way to have the selling price reduced". Do the listees believe that high engine hours should be a reason for a price reduction and if so how much of a price reduction should I expect for the above boat with 6,000 engine hours compared to a similar boat with, for example, 4,000 hours? Mike Coward Murrells Inlet, SC

K

Keith

Mon, Jul 19, 2004 6:08 PM

I don't think it should be any reduction in price, as long as everything
works fine, the compression is good on all cylinders, and the oil analysis
doesn't show any problems. That's just a negotiating tactic, at least when
you're talking about a Lehman. Same for the tranny and genset. See my
comment at the bottom:

Keith
__
A man walks into a bar with a slab of asphalt under his arm and says: "A
beer please, and one for the road."
----- Original Message -----
From: MIKECOWARD@aol.com

"Hours are an issue to most people in the marketplace. A well maintained
boat with 6,000 hours has twice the normal wear and tear as a well

maintained

boat with 3,000 hours."

Technically, yes, but then an engine with 20 hrs. has twice the wear and
tear of an engine with 10 hours. So what? The question is where does it
become significant?

I don't think it should be any reduction in price, as long as everything works fine, the compression is good on all cylinders, and the oil analysis doesn't show any problems. That's just a negotiating tactic, at least when you're talking about a Lehman. Same for the tranny and genset. See my comment at the bottom: Keith __ A man walks into a bar with a slab of asphalt under his arm and says: "A beer please, and one for the road." ----- Original Message ----- From: <MIKECOWARD@aol.com> > > "Hours are an issue to most people in the marketplace. A well maintained > boat with 6,000 hours has twice the normal wear and tear as a well maintained > boat with 3,000 hours." Technically, yes, but then an engine with 20 hrs. has twice the wear and tear of an engine with 10 hours. So what? The question is where does it become significant?

RC

R C Smith Jr

Mon, Jul 19, 2004 9:45 PM

MIKECOWARD@aol.com wrote:

Do the listees believe that high engine hours should be a reason for a price
reduction and if so how much of a price reduction should I expect for the
above boat with 6,000 engine hours compared to a similar boat with, for
example,
4,000 hours?

Mike, using a USA average of only 100 hrs/yr (or something close to that)
your 18 YO boat has 60 yrs of "average" engine hours. So, the guy's not
wrong. Your boat has a lot more wear than "average" and is worth less than
"average."

The hard part is coming up with a number. Use Bob Smith's quote (no
relation, but we have been friends since 1981). Given that this new owner
will die before an overhaul is needed should keep the amount down. As with
all negotiations, get him to come up with the number first.

Bob

Robert Calhoun Smith Jr
M/V MARY KATHRYN
Hatteras 58 LRC
Chesapeake Bay

MIKECOWARD@aol.com wrote: > Do the listees believe that high engine hours should be a reason for a price > reduction and if so how much of a price reduction should I expect for the > above boat with 6,000 engine hours compared to a similar boat with, for > example, > 4,000 hours? Mike, using a USA average of only 100 hrs/yr (or something close to that) your 18 YO boat has 60 yrs of "average" engine hours. So, the guy's not wrong. Your boat has a lot more wear than "average" and is worth less than "average." The hard part is coming up with a number. Use Bob Smith's quote (no relation, but we have been friends since 1981). Given that this new owner will die before an overhaul is needed should keep the amount down. As with all negotiations, get him to come up with the number first. Bob ________________ Robert Calhoun Smith Jr M/V MARY KATHRYN Hatteras 58 LRC Chesapeake Bay

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Engine Hours and Boat Value