2017 242 Limited S e-series on Copart

PaulyB said:

I bought a boat last year off copart that said flood/water damage as well, but can find no signs that the boat sank. The only thing I found was a hole in one of the engine blocks.

The owner of this boat could have messed up flushing it and hydro locked the motor and files an insurance claim. Looking at the boat it doesn’t look like it was ever submerged by the pics.

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Seems plausible to me (not sure why else the motors would be removed and disassembled), but can't believe an insurer would total a new boat over a pair of motors.

I would think a 2017 242 lse wouldnt be totalled for 2 new motors.
Even at 30gs for two new engines would be half the value. Got to be more wrong.
The hull is sitting what looks like concrete blocks

seanmclean said:

Seems plausible to me (not sure why else the motors would be removed and disassembled), but can't believe an insurer would total a new boat over a pair of motors.

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I’ve been following these auctions for a while. It’s crazy to see what insurance companies total these days.

Does anyone have access to coast guard info to look up the registration number find out who owns the boat and ask the owner what happened.

Cambo were you able to get by and check it out?

PaulyB said:

Cambo were you able to get by and check it out?

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Stopped in they were closed thought I could see it from the fence but its a large yard . The place is like fort knox electric fence 7,000 Volts . I need to sign up and try to stop in later

Wow that place is crazy they should take all new drivers and walk them through there and show them what can happen if you are not 100% focused on driving and avoiding accidents.

So the 2017 242 motors are completely destroyed from rust the hull has an odd band of paint along the bottom it looks like it was repaired at some point I took pictures and can load them up later if someone is interested . Steering cables were tight I could not see any water lines the boat its filthy from sitting in a dirt lot with no cover giant fork lifts drive around kicking up dust . The spot were the lights were installed had no residue of silicone maybe they were installed improperly letting water in. The missing mats are in the storage area. It looks like it had an after market stereo with two 10'' sub woofers cut in . All speakers are missing

Go ahead @PaulyB .... go get anther boat!

Neutron said:

I would think a 2017 242 lse wouldnt be totalled for 2 new motors.
Even at 30gs for two new engines would be half the value. Got to be more wrong.
The hull is sitting what looks like concrete blocks

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$30K would get you two brand new waverunners with 1.8ltr engines, if not three. You can buy a 1.8ltr Yamaha at SBT for $2995- $3495. My guess is there is way more wrong with this animal. But it may be worth the gamble.

I'm so curious to know what happened. This is the same year as my boat it looks like it could be restored

Its sitting on Styrofoam amazing how strong that stuff is I wanted to go under and get more pictures but it did not look that stable

how does copart work? it looks like it will sell this week

biffdotorg said:

$30K would get you two brand new waverunners with 1.8ltr engines, if not three. You can buy a 1.8ltr Yamaha at SBT for $2995- $3495. My guess is there is way more wrong with this animal. But it may be worth the gamble.

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My reasoning behind that number is from having yamaha build and install new engines. Who knows what else is missing from what is disassembled.

Many here have recieved estimates north of 10grand for one engine rebuilt after a timing chain broke only to have it covered by yamaha.

Any insurance estimate for a 2017 boat wouldn't be with a SBT engine.
Anyone buying it should go the used route or SBT for sure.

That hull work would have me worried.
Wonder why the trailer isn't there. It comes with the boat and if totaled it should be with it

It looks like most of the electronics are in the boat l pulled the cover off the electric gate controller to see if it had water stains it was clean .The gas tank was removed most likely it was emptied

how does copart work? it looks like it will sell this week

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There are two phases of bidding, the preliminary bidding and the live auction. Before the auction goes live, you can do preliminary bidding. You can enter your max bid during the preliminary bid phase and if you max bid never gets beat during the preliminary bid or the live auction you win the auction. When the auction goes live, you have to log onto Copart and go to the actual live auction lane. During the live auction, it is just like an actual auction you would go to in the public, not like eBay. The item comes onto the screen and there is about 5-10 seconds for someone to place a bid or the item is sold at the current price that was placed during the preliminary bid. If someone does place a bid, it resets the clock and there is about 5-10 seconds for the next bid to be placed. If no one else bids, the item is sold. Each time a bid is placed, it resets the clock. Some items go into "Bonus Time" and the time will reset to allow for more time for someone to place a bid.

A big factor to Copart are the fees. After an item reaches $3,000 it is better to go through a broker to place the bids. The fees for individuals gets pretty high and even while a broker charges a fee of $150-$300 it could save you thousands of dollars. For example, if an item sells for $20,000 the Copart fee for the broker is $600 which gets passed on to the buyer. If you bought the item without a broker Copart charges a fee of 15% of the sale price, which is $3000. You can see the fees here: https://www.copart.com/memberFees/

Some of the brokers have different rules and price plans. The most recent broker I used was Alpine Auto Gallery, and their rules are if you bid during the preliminary bidding, you are not able to bid during the live auction. So they say to reserve bidding until the live auction and do not participate in the preliminary bidding.

So this item will go to live auction tomorrow at 10:00 am and depending on the amount of items they have in the same lane as the boat, it could take a few hours before the boat comes up on the screen.

Hope this helps! I think this could be a good find for someone.

I use M97 Auto Parts, and don't have the live bid restriction. You put down a deposit with the broker, and every $400 gets you $4000 of bidding, but only on a single item. Their broker fee is $250 + what Copart charges the broker (passed on to you).

Even though those motors are rusty, they also look very rebuildable to me and core exchanges to SBT. (Most parts are aluminum.) I'm a SBT dealer so I get a much better price on motors and parts. The rust is probably from sitting out in the rain--it would have been nice if Copart threw a tarp over them, or just tucked them under the boat. That's just careless.

I don't see signs of flooding in the photos that were posted by @Cambo. The engine compartment looks clean. So it's a mystery still. What would worry me, and probably keep me from buying this boat is the comment around the bottom hull repair. I'm wondering if there was some major hull damage that was repaired and didn't take? Hmm.

I bought my 2008 AR210 from Copart last November and paid about $3500 with broker and Copart fees. I was prepared to do major engine work, and was surprised to find that both motors lit up on YDS (100 hrs each), turned over, and just needed several oil changes to remove the milky oil, added new plugs and they started right up. I've put on at least 25 hrs since then. So Copart can be a great deal if you are willing to take the risk!

https://jetboaters.net/threads/hello-from-texas.15924/

I do watch waverunners on Copart, and see people paying what I think is way too much. You just have to wait for the right deal.

-Greg

I'd pass on that even if it was free.

its going live after 12 watching other items fly out of the auctions

So for anyone who wasn't watching, the boat went for $10,200.... unreal!!!!!!!

Sold to Lebanon not sure whats up with the titles popping up of who was bidding if that was a broker. They will probably wash the title

and spin it back for sale. If it didn't have the hull damage and I had more time that could have been a nice project