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Old 22 April 2008, 13:22   #1
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Whats this RIB worth?

I have a few friends and friends of friends asking how much for my Northcraft RIB which I must reluctantly sell now that my Osprey is commissioned (i've delayed it 6 months but its time to go). Can anyone help me with a reasonable price I should ask for it? It is in excellent condition. Photos to follow.

Spec:
Northcraft 5.5m RIB orange Hull, orange tubes with black detailing.
Twin 50HP Yamaha 3 cylinder oil injected 2-stroke engines 1999

Single jockey seat
Separate start batteries (separate battery box seat in front of console)
Separate 25 litre plastic fuel tanks housed within console plus one spare plus one 25 litre refilling can.
Anchor compartment in bow (I’m keeping the anchor for sentimental reasons!)
Tacho’s for each engine.
Garmin 164 GPS Fishfinder (note transom mounted transducer broken – new through hull transducer not fitted)
Icom IC-M501Euro Fixed VHF
Snipe R18 braked roller trailer. Hitch lock and spare. Spare wheel.
Treadmaster flooring fitted about 5 years ago
Custom aluminium double A-frame with boxes.
Two sets of props: 13 ½ X 16G on the engines (good for normal fast work approx 37 knots WOT) in perfect condition. Original prop set 11 ¼ X 14G which I have occasionally used when loaded with lead and divers in the days before the kids arrived. Some slight surface corrosion due to lack of use but would be fine with some wirebrushing a coat of paint.
Steering cable and throttle cables replaced about 5 years ago when I rerouted the cables and needed longer ones.
Trailer winch replaced about 4 months ago (winch axel was a bit worn).


Hull was a showroom demonstrator built circa 1997. I think the model is a wide body version. It has significantly more room than other RIB of a similar length that I have been in. It easily takes the two engines on the back. I bought the boat without the engine from the Forth Yacht Marina and installed my Yamaha engines during the winter of 1999. The boat was first launched early in 2000. The boat has been stored ashore when not in use (last 6 year stored inside). Fully washed and engines flushed each and every time. No record of the engine hours (never thought I would replace this RIB) but they must be low. The condition of the engines is excellent – a few scratches on the cowing and slight surface corrosion around the upper exhaust port. Under the cowling is perfect. I greased most of the electrical connections when new and sprayed the engines with oil regularly between runs.
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Old 22 April 2008, 13:34   #2
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Some pictures
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Old 22 April 2008, 14:33   #3
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richard - i would give FYM (and/or the bosuns locker) a call to see what they would suggest putting her on brockerage at. i think that might give you a better idea of fair market value (and e.g. any local variation - as its perhaps not the sort of fast "pretty" boat that seems to be popular on the S. Coast).
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Old 23 April 2008, 07:58   #4
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Quote:
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as its perhaps not the sort of fast "pretty" boat that seems to be popular on the S. Coast).
Thats because we are all "fast & pretty" people down this way!

Around £7,500 to £9,500!
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Old 23 April 2008, 08:05   #5
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Thats because we are all "fast & pretty" people down this way!

Around £7,500 to £9,500!
Whereas, like richard's boat, we like to think of ourselves as robust and reliable!
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Old 23 April 2008, 08:08   #6
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Quote:
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Whereas, like richard's boat, we like to think of ourselves as robust and reliable!
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Old 23 April 2008, 13:21   #7
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Quote:
Originally Posted by Nick Hearne View Post
Thats because we are all "fast & pretty" people down this way!
Speak for yourself!
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Old 24 April 2008, 04:16   #8
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Richard

It looks superb! Very well finished.

The twin two strokes will put people off as they are an acquired taste.

I would think it realistcally worth £6500 - £7500 however for someone looking for a twin engine rescue boat or a dive club looking for dive rib they could pay up to £10'000 for it.

The word in the trade is that the market is slow with the Credit Crunch and Weather being as it is.

Good luck.

Jono
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Old 24 April 2008, 07:58   #9
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Speak for yourself!
Would that be the "fast" or the "pretty" that you are objecting to
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Old 24 April 2008, 08:39   #10
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Quote:
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The twin two strokes will put people off as they are an acquired taste.
Well yes, and unlike Guinness, they're an expensive acquired taste... but there are keen buyers (like me).
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