Need Grady White advice and guidance

[jwkillntime]

Have the opportunity to buy a 1988 Grady White 240 (looks like the 242G model) Offshore with two 150 HP Yamaha four stroke manufactured October 2003. The motors appear to be in very good condition. Have not run a compression test and don't know the number of hour on them. The motors are mounted on a Gil bracket. The boat appears very sound, no weak spots in decking. No cracks in gel coat. No rust streaks from Gil bracket bolts. There are what appears to be some hair line cracks on the Gil bracket. It has all Yamaha gauges to include fuel management gauge. Old model Furuno bottom machine. It has an old aluminum duel torsion axle trailer with surge brakes. Trailer need some work on fenders and bunks. The Asking price for this repossessed unit is $15,500.00
Here are my Questions:
Is this unit worth the asking price?
How do I check the stern to be sure it is sound?
How do I check the fuel tanks to be sure they are sound?
At cruise speed what MPG can be expected?
What are other things should I look for?

Would appreciate any and all comments, opinions, advice, guidance etc.
Thank You,
JW

 

[Pez Vela]

How does the asking price compare to similar rigs for sale in your area? Recognize that '03 motors will not be compatible with the latest marine electronics if you were thinking of integrating the engine data into a new MFD. If you don't have the expertise to evaluate the boat's condition, it's usually best to find someone who does, and pay them to do it for you. Fuel tanks may be visually inspected and pressure tested. If they are the original tanks, they are likely ready for replacement, as they have reached the end of their useful life. Flexing, drilling, pounding on, moisture meters ... many ways to ATTEMPT to evaluate the transom with no guarantees. I would guess that boat would get nearly 2 nmpg at cruise. Other things to look for would be another boat without a bracket, and with 2005/2006 vintage F150's that are confirmed to be NMEA2000 (CommandLink) compatible (that would be for the purposes of comparison and enlightenment so that you are very satisfied with your eventual choice).

 

[jwkillntime]

Pez, thank you very much for the information, your opinion and advice.

Does anyone else have any information, advice or opinions?
JW