Beneteau First 40 Buyer's Guide
Shopping the brokerage market for a Beneteau First 40 means looking at a Farr-designed performance cruiser that followed the First 40.7 and has since built a real race record. Most used examples you will find are owner three-cabin layouts, though both versions exist, and ex-charter boats are a common sight. The deep-draft T-keel drew the serious racers when new, but shoal versions are out there too, and either way the boat's blend of speed and livability is the draw.
Layouts on the Used Market
Belowdecks the First 40 keeps the 40.7 pattern with the head forward, making an ensuite bow cabin with a 6-foot 8-inch V-berth. Two equal double cabins aft give hanging lockers and berths around 6 feet 6 inches long, while the saloon centers on a table that seats most of the crew. The galley is to port with forward-facing sinks and a small stove; the wraparound nav station opposite is the best interior feature. The cockpit carries a single scooped wheel, removable lockers that racers leave behind dockside, and an open transom with a fold-down ladder. A liferaft locker sits beneath the sole, and the cockpit itself drains almost instantly through the transom.
Equipment and Common Upgrades
Autopilot, chartplotter, and an asymmetric spinnaker are commonly fitted, and the deck was prefitted for spinnaker gear from the factory. Often-seen additions include a dodger, cockpit shower, and AIS, along with heating and an inverter for colder or longer stays. For buyer consequence, the power and energy cluster matters most: an inverter and often a heating system are usual, while lithium batteries and solar appear as owner upgrades rather than standard. On sail handling, the asymmetric spinnaker and sometimes a gennaker or full spinnaker rig extend downwind range, and a dodger is a frequent comfort addition. Navigation typically centers on the chartplotter and AIS. Less common but worth noting are electric winches and dinghy davits as owner upgrades.
What to Inspect
The structural story is reassuring on paper: a solid hull with vinylester resin-infused layup, zone-specific stitchmat laminates in high-load areas, and main bulkheads bonded through 360 degrees anchor. Still, look closely at the balsa-cored deck for any signs of core issues, since the deck is balsa sandwich reinforced with unidirectional rovings and relies on that core for stiffness. Check the single pod chainplates for any corrosion history, though their design aims to avoid crevice corrosion. The saildrive and two-bladed folding prop should be serviced per hours, and the hydraulic backstay and vang deserve a function test. Because the cockpit drains through the transom, confirm the drain paths are clear and the transom ladder and fold-down seat operate.
Availability and Buyer's Takeaway
These boats turn up across the United States, the British Virgin Islands, Türkiye, New Zealand, the United Kingdom, and Portugal. For a shopper, the short checklist is: confirm keel type and draft for your waters, verify the deep versus shoal performance trade, inspect the balsa deck core and chainplates, test hydraulic rig controls, and review the saildrive service record. Choose a three-cabin owner layout for cruising or an ex-charter example if budget leads, but sail the T-keel if racing is the plan.
Price & volume trends
Monthly asking-price and listing-volume trends for the Beneteau First 40. The line shows the median ask each month; the bars show how many listings appeared.
Monthly breakdown · 13 rows
| Month | Listings | Median ask | Δ vs. last mo. |
|---|---|---|---|
| May 25 | 1 | $126,079 | — |
| Jun 25 | 1 | $190,000 | +50.7% |
| Sep 25 | 13 | $130,000 | -31.6% |
| Oct 25 | 1 | $173,377 | +33.4% |
| Nov 25 | 8 | $84,250 | -51.4% |
| Dec 25 | 2 | $89,500 | +6.2% |
| Jan 26 | 11 | $141,023 | +57.6% |
| Feb 26 | 1 | $208 | -99.9% |
| Mar 26 | 2 | $147,273 | +70704.3% |
| Apr 26 | 24 | $94,250 | -36.0% |
| May 26 | 5 | $156,153 | +65.7% |
| Jun 26 | 3 | $147,482 | -5.6% |
| Jul 26 | 2 | $161,937 | +9.8% |
Where they're listed
Beneteau First 40 listings appear across 15 countries. United States has the most listings with 16 (27.6%), followed by British Virgin Islands and New Zealand.
Country view
58 listings · 15 countries| Country | Median ask | Listings · 12 mo | Active · 90 d | Share |
|---|---|---|---|---|
| United States | $99,000 | 16 | 0 | 27.6% |
| British Virgin Islands | $89,500 | 11 | 0 | 19.0% |
| New Zealand | $147,273 | 5 | 0 | 8.6% |
| Turkey | $162,499 | 5 | 1 | 8.6% |
| United Kingdom | $118,412 | 4 | 2 | 6.9% |
| Australia | $141,023 | 3 | 0 | 5.2% |
| France | $173,377 | 3 | 1 | 5.2% |
| Portugal | $156,153 | 3 | 1 | 5.2% |
| US Virgin Islands | $99,000 | 2 | 0 | 3.4% |
| Antigua and Barbuda | $89,500 | 1 | 0 | 1.7% |
| Italy | $113,356 | 1 | 0 | 1.7% |
| Cayman Islands | $69,500 | 1 | 0 | 1.7% |
Comparable models
Similar length, displacement, and era. Open a row to compare that model's market page.
Similar boats to compare
11 similar designs| Model | LOA | Median ask | Listings · 12 mo | Active · 90 d |
|---|---|---|---|---|
| Beneteau, France First 40.7 | 39.25' | $ 90,064 | 78 | 11 |
| Beneteau First 40You are here | — | $ 99,000 | 72 | 6 |
| Performance 40 Performance | 40.42' | $ 120,456 | 53 | 12 |
| Performance 40 | 40.42' | $ 113,573 | 35 | 7 |
| Beneteau First 44 | 46.42' | $ 513,945 | 35 | 3 |
| Elan 40 | 39.04' | $ 90,055 | 28 | 3 |
| J/BOATS J/40 | 40' | $ 69,000 | 14 | 7 |
| Beneteau First 45 (Farr) | 46.59' | $ 189,303 | 14 | 0 |
| X-Yachts X-40 | 40' | $ 176,762 | 13 | 2 |
| Salona 40 | 39.34' | $ 108,984 | 9 | 1 |
| North End 40 | 39.83' | $ 29,000 | 7 | 0 |
