1986 Trojan 10m Midcabin Express value

bgardner · Post by **bgardner** » Tue Mar 17, 2009 8:55 am

I'm looking at a 1986 Trojan 10m Midcabin Express. The boat seems in overall good condition for her age. The owner has a new baby on the way and a new condo that he is doing work on so the story is he needs the money. (who doesn't)
I can see the normal signs of age on the boat but overall, she seems very sound. The Onan generator was stolen out of her where the boat was stored before last season. He is asking 17900 for the boat now, which is reduced from 24000 he was asking at the end of last season. The boat is coming with all the fenders, lines, pfd's, VHF, radar, plotter, full canvas with camper back in very good cond, etc. My previous boat was a 1987 Trojan 8.6m express that I purchased new in 1988 that I sold 10 years ago. Any thoughts on the low value of this 86 10m boat?

gjrylands · Post by **gjrylands** » Tue Mar 17, 2009 9:46 am

Boats like everything else are only worth what someone else is willing to pay for it. In this economy boats are low on the totem pole and there value has dropped. I'm sure there will be some boats for sale that, a year ago, we would have thought was a steal, but today who knows. Unfortunately there are a lot of people hurting. Their boat is an unnecessary expense that may have to go at any price.

Wes · Post by **Wes** » Tue Mar 17, 2009 9:54 am

I just checked yachtworld and the least expensive 10 meter I found was 17K but it is a work in progress. The others are listed around 33K. Before doing anything, I'd get a survey. That way you'll know what you're getting into. Remember, if you're going to have the gen. replaced, it will cost big bucks even if you do it.
They are wonderful boats.

Good luck,
Wes

bgardner · Post by **bgardner** » Tue Mar 17, 2009 10:24 am

Thank you for your input. This is a hard decision right now with the economy in shambles. I do love Trojan boats. I live across the Hudson river from Troy, NY. The birthplace of Trojan as you all know I'm sure and have always been around these boats. If I make an offer on her and it is accepted, I would get a survey before moving forward with the purchase. Thanks again!

bgardner · Post by **bgardner** » Tue Mar 17, 2009 10:44 am

Wes wrote:I just checked yachtworld and the least expensive 10 meter I found was 17K but it is a work in progress. The others are listed around 33K. Before doing anything, I'd get a survey. That way you'll know what you're getting into. Remember, if you're going to have the gen. replaced, it will cost big bucks even if you do it.
They are wonderful boats.

Good luck,
Wes

Do you have a ballpark guestimate on the cost of replacing the generator? All of the hookups are still there for it.

Wes · Post by **Wes** » Tue Mar 17, 2009 2:15 pm

I just did a quick check and the one price I found for an 8KW was a little over 9K. That's for a onan which I know is expensive and the parts are usually outrageous.

Wes · Post by **Wes** » Tue Mar 17, 2009 2:17 pm

This is the link.

http://www.bluewatershipsstore.com/detail.aspx?ID=5664

RWS · Post by **RWS** » Tue Mar 17, 2009 5:05 pm

I replaced my 6.5 Onan in 2003 with a DIESEL 5kW unit that is certified to operate in a gas environment. Did the removal & installation myself, total cost with a stainless drip pan, new muffler, Oil, temp & fuel dash guages and a GEN SEP was about 6k.

My reccomendation would be to agree on a price PENDING THE OUTCOME OF THE SURVEY.

The survey (which you pay for) will either allow you to walk away from the boat if she turns out to be a dog or it will show up a vesssel in excellent condition and you will pay the agreed to price.

In all likelyhood, the survey will disclose a number of items that require attention.

This allows youi the ability to further negotiate the price beneath the agreed to price. If the seller balks, you simply walk.

My guess is as you are walking, he'll be chasing you.

The 10 Meter Internationals are fine, well constructed boats (check out the 10 meter website I have under development) however they are 20-25 years old now and the products of an orphaned brand. They are no longer the darlings of the press and the name value decreasees each day with no prominent market presence.

THose facts combined with the current market make for a great situation for a savvy buyer who knows the value of the design, engineering and construction of these vessels.

I'd bet if she surveys average you can own her for less than you think, especially if he is paying storage and or slip fees, not to mention insurance.

RWS

David Kane · Post by **David Kane** » Wed Mar 18, 2009 12:07 pm

How critical is having a genset to your anticipated style of boating? If you will mostly be taking the boat out away from shore power availability for day trip activities, you may not need to invest in one. Perhaps a battery bank may be a viable alternative to a genset.