what's going on
12-01-2013, 04:59 PM
#11
BV for a boat is almost non existent - especially with Performance boats. Way too many variables in particular as a boat ages & there is a diminishing supply. Yeah - a banker has to have something to use as a base or regulators would be all over them. Typically a consumer lender (bank or CU) has zero clue about the boat market or the collateral they are taking if outside of their normal course of business (autos, ATV, Ag Equipment, etc). If a buyer finds a clean boat, well maintained, etc. and seller won't sell at any less than $20K-$30K more than say NADA then the buyer would need to buck up w/the extra $$ down to fall within bank policy if they felt the well conditioned boat was worth it. I'd think it would be something to consider as quality/clean used boats are becoming rare. Buyers/sellers determine the MV. Hard to pin point a BV on Performance Boats. BV just satisfies lenders so they have a documented way to measure LTV with bank policy.
12-02-2013, 01:24 AM
#12
Charter Member # 55
Charter Member
Book values for most boats and especially custom builder boats, are pretty worthless. They are merely a guide for banks to use.
They do not use actual sales data to determine values.
They do not use actual sales data to determine values.
12-02-2013, 02:29 AM
#13
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AMEN to all of you
I looked for a number of years for a Cobalt- the availability of a clean and gently used boat was VERY rare. All of the boats that I found were a mess. Owners never did any required maintenance, they were not kept clean, scratches in the gelcoat, outdrive and props that have hit everything under the sun. It drove me nuts to see people buy a new boat and then just trash it. The cost of a used boat is going thru the roof- Because there are a few that keep a boat clean, well maintained and used not abused.
3pointstar
I looked for a number of years for a Cobalt- the availability of a clean and gently used boat was VERY rare. All of the boats that I found were a mess. Owners never did any required maintenance, they were not kept clean, scratches in the gelcoat, outdrive and props that have hit everything under the sun. It drove me nuts to see people buy a new boat and then just trash it. The cost of a used boat is going thru the roof- Because there are a few that keep a boat clean, well maintained and used not abused.
3pointstar
Tom
12-02-2013, 04:29 AM
#14
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This, especially when Blue Book doesn't even accomodate options past a certain level (like my engine size isn't in Blue Book for example). I still have people that try to low ball you and I'm below Blue Book already in my asking price.
12-02-2013, 10:16 AM
#15
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Thread Starter
i agree with everyones statements its frustrating. I like most people ( i sssume) cant afford to go out and pay cash for the boat i want! I need to fiannce it. I know there are some out there that will say then " you cant afford it". Every sport cant be a rich mans sport. I have been involved in all sorts of motorsports and everthing takes a ton of money. I'm a working man and my wife,daughter and i love boating. Its really sad that you go look at 04's and up and they are trashed, my 99 looks like it just rolled off the show room floor compared to some of the boats i have looked at. I cant believe that people dont have enough respect for those things to take care of them. I'm tired of the low ball offfers from private and dealers! I NEVER thought upgrading to a bigger boat was going to be this hard!
12-02-2013, 11:10 AM
#16
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There does seem to be a void of decently priced performance boats in that 4 to 8 year old range. You've either got over 10 years old and affordable or 4 years or newer and just too much money for the average Joe 6 pack making around 100 grand a year. Every boat I show my wife that we could swing paying cash for is too old for her and every boat she seems to like is more than we could write a check for.
That 5 year period when the lower end boat production came to a virtual halt is really having an impact now on the secondary market. What did Baja make in 2009??? 30 boats maybe when in 99' they probably built well over 500.
That 5 year period when the lower end boat production came to a virtual halt is really having an impact now on the secondary market. What did Baja make in 2009??? 30 boats maybe when in 99' they probably built well over 500.
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12-02-2013, 03:47 PM
#18
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Hmm. Dealers want good, late models, private guys wants deals, and mine is still up for grabs. 08, 33' Avanti, 525's, Bravo XR's, ITS, Under 200 hours, recent valve job on both. Book price//// LOL Over 200 K. Yours for 135K. With Warranty. 
12-02-2013, 03:48 PM
#19
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Bossmjb
Went through the same deal last couple of years. Flew to look at a couple of "Mint" boats and walked away. Then I found the one I wanted to buy and had to go through crazy amount of paperwork to get the deal done. The bank I finally went through wanted more history on me than the my mortgage company. I just kept my old boat and if it sells it sells. Good luck with your search, the boat/deal you are looking for is out there. Greg
Went through the same deal last couple of years. Flew to look at a couple of "Mint" boats and walked away. Then I found the one I wanted to buy and had to go through crazy amount of paperwork to get the deal done. The bank I finally went through wanted more history on me than the my mortgage company. I just kept my old boat and if it sells it sells. Good luck with your search, the boat/deal you are looking for is out there. Greg
12-02-2013, 06:34 PM
#20
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They are not making small 100k. boats either. Just what it is.
