BUC values are what surveyors use to determine the value. A lot of bank and credit unions use the NADA values. I have never seen a NADA value be anything close to what the asking price on an older boat is. What I would really like to know is where does NADA get their values from.
doesnt nada price everything seperatley boat, motors and trailer thats how my center console was just a few months ago then add everything together and come up w/ value
right now you can choose to have your motors in the quote. you have to read at the bottom if you have somthing like (**) next to the name of your modle then you can select your HP and engine size. with in reason. for you guys with custom motors ya your quote may be worth a bit more...
But just because you put money into something dosent make it worth that much more.
It's a shame that it's not more like the classic car market, both from a value stand point and from an insurance and financing stand point.
It takes as much or more money to fix up an old boat, but it's solely for your own pleasure because there's no return.
The only "book" that ever put a value to anything is the check book.
As everyone said its what the market demands, not some price in the book.
With boats its always pay a little now or a lot later. For just about any boat out there you can find one that fits the NADA guide pricing. Problem is the boat will be untouched and probably beat to chit. If anyone does upgrades to their boats there is no way they would accept nada pricing unless they are in a very tight spot.
Hell most of us have more $$$ into our motors than what nada lists for the whole boat. Take my Phantom. If someone wanted it for the nada recommended $15k i would have to strip it of the 700hp motor,drive, gauges, extension box, hydraulic steering and 380 tabs, etc first. Price how much it would cost to rebuild it to the current status and you have an idea why boats are priced what they are.
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From my experience with NADA, the manufacturer has to report the value of the older vehicles. That is how it was in the motorcycle industry. Now i cant remeber how many years that applies to and when there is just a general depreciation after that. It gives the manufactures graded slope of depreciation. For what true reasons, im not sure, since the price of boats is so high. In the bike industry it allowed manufacturers that sold overpriced custom bikes for 75k, to be able to say the two year old model was worth 60k, even though it truely was only worth about 30k, but you could still get a loan.
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