Cobalt 240

For sale is our 2005 Cobalt 240 bowrider .This is the model with the enclosed Bathroom / head / PortaPotti .The boat was taken on trade for a new boat and when that was done the old owner explained that it would need a new gimble bearing . after the sale and a subsequent inspection by our mechanic he has told us it will require a new transom assembly as it has been damaged by someone not knowing how to install a gimble bearing correctly .At that point we told him just slide the outdrive back on bolt it back up and we will sell it as a project .You are looking at around $3000 to have the transom assembly replaced by a reputable mechanic , used assemblies are around $600 on classifieds board and they are available .We just decided to sell it as is as we do not want to carry the winter storage costs .The boat was last run around 8 months ago before being traded in this spring .The engine has approximately 550 hours .Upholstery is in decent shape , hull is in good condition , on the starboard side there are a few scratches in an area around 12 inches long not noticeable until you get close to the boat .The trailer has had 3 of the 4 wheel bearings replaced , the dealer was out of stock for the last one , tires are in good condition not sure about the lights have not checked them .Trailer has Maine registration , boat has clear Maryland title .You are going to have to replace the transom assembly before using the boat .If you look these boats have a NADA book value of around $30,000 with the trailer , we are selling her for a third of the price . There is the same boat same color on Yachtworld for $33,000 so I think you will see there is a lot of equity to be had .If you do not want the trailer we can take $1000 off the priceWe may consider partial trades depending on what you have , please make contact with a contact number if you make an offer so we know you are real .Please feel free to e-mail with any questions .Thanks Matt