Panda 40 Buyer's Guide
Shopping the brokerage market for a Panda 40 means looking at a Robert H. Perry-designed, Ta Shing-built cutter from the early eighties, a 39.89-foot monohull whose solid fiberglass hull and long keel have aged into a known quantity. These boats turn up in the United States and Australia, and the used fleet reflects decades of owner stewardship rather than a uniform factory standard.
Layouts on the Used Market
The Panda 40’s documented layout is consistent across the model: two cabins, a 4+3 berth arrangement, a galley, and a toilet facility, all finished in teak. The 12.83-foot beam and 29,000-pound displacement create a voluminous interior oriented to cruising, with 660 liters of fresh water and 400 liters of fuel capacity supporting that role. Buyers should expect the teak-lined accommodation to show wear proportionate to each boat’s age and care, but the core plan—Perry’s early-eighties cruising interior—does not vary between examples in the recorded specification.
Equipment and Common Upgrades
On the used market, Panda 40s commonly carry a bimini, dodger, chartplotter, inverter, furling main, autopilot, heating, bow thruster, hot water, teak decks, and radar, with a Yanmar 150 EH diesel at 52 hp and shaft drive frequently part of the as-found package. Often-seen additions include watermaker, solar, lithium batteries, electric winches, freezer, cockpit shower, AIS, and life raft. The cutter rig’s standard dimensions—36.3-meter halyards at 12 mm, sheets to 30.4 meters at 14 mm—mean replacement running rigging is uncomplicated regardless of which upgrades a prior owner chose.
What to Inspect
Documented specification sets the baselines for survey. The Panda 40 draft runs 1.83 to 1.93 meters dependent on load, and the immersion rate of about 288 kg/cm (1,617 lbs/inch) should be weighed against any stated loading. The wet bottom surface of roughly 47 square meters (505 square feet) demands verification of antifouling history and hull integrity below the waterline. No structural defects or recurring failures are recorded in the source material, so inspection should confirm the solid fiberglass hull and attached rudder as built rather than chase undocumented fault patterns.
Availability and Buyer's Takeaway
Panda 40s are found in the United States and Australia. For a shopper, the takeaway is straightforward: confirm the documented draft and immersion behavior under load, verify the teak interior’s condition, and check the Yanmar 150 EH and shaft drive service history. The cutter rig and long-keel hull are stable, known platforms—confirm the individual boat’s care through survey.
- Confirm 1.83–1.93 m draft against stated load
- Verify 47 m² wet bottom antifouling and hull condition
- Inspect teak interior for maintenance state
- Review Yanmar 150 EH and shaft drive records
Price & volume trends
Monthly asking-price and listing-volume trends for the Panda 40. The line shows the median ask each month; the bars show how many listings appeared.
Monthly breakdown · 2 rows
| Month | Listings | Median ask | Δ vs. last mo. |
|---|---|---|---|
| Jan 26 | 2 | $ 100,963 | — |
| Apr 26 | 4 | $ 99,900 | -1.1% |
Where they're listed
Panda 40 listings appear across 2 countries. United States has the most listings with 4 (66.7%), followed by Australia.
Country view
6 listings · 2 countries| Country | Median ask | Listings · 12 mo | Active · 90 d | Share |
|---|---|---|---|---|
| United States | $ 99,900 | 4 | 4 | 66.7% |
| Australia | $ 100,963 | 2 | 0 | 33.3% |
Comparable models
Similar length, displacement, and era. Open a row to compare that model's market page.
Similar boats to compare
3 similar designs| Model | LOA | Median ask | Listings · 12 mo | Active · 90 d |
|---|---|---|---|---|
| Island Packet 40 | 40' | $ 159,000 | 44 | 11 |
| Passport 40 | 39.42' | $ 115,000 | 26 | 5 |
| Ta Shing 40You are here | — | $ 99,900 | 6 | 4 |