Baja & NADA book value
 

It's crossed my mind to put the OL up for sale and I about fell over when the broker I was talking to gave me a suggested retail on what he'd list the boat at. I'm rollin' a 29OL single 385 and NADA showed high retail at 27G. Is this the top amount a bank would loan on the boat to a potential buyer? There's not a boat listed that's anywhere near that low, in that size, on this site. There's one just like mine that their asking 51,000 for at LOTO. Granted it's not selling but I find it hard to believe that "offshore" style boats are selling that low.

Problem is the banks. Hard to find any that will finance a performance boat today.

hay my motor is worth more that my boat:eek:

You'll be hard pressed to finance your boat being it's over 10yrs old..Most likely looking at a cash sale.

x2 and most won't loan 100% of NADA now either. They might have to put as much as 20% down, have over 700 credit score and a good track record.

The boat is worth what somone is willing to pay for it. A boat it perfect condition will be worth more than book. Fair condition may be much less. Like was said now a days the bank will not loan what the boat is worth. Can't really blame them with all the repo's in the past few years.

Yeah, agree with all above. I just bought my 03 29 with HO's...was like pulling teeth to get bought with excellent credit, low D to I ratios and more then 20% down cash. I had to get bought by a small local credit union with all sorts of "red tape" to pull it off and missed the origional 29 I wanted to buy at Hawkeye. Even Hawkeye finally got me bought on their boat, but then their bank would not lend to "Texas" because it was too far from their "lending area" (in other words if they had to REPO it they don't want to drive to TX to do it). BOA, Chase, Bank of the West, Nations, Regions etc nobody would lend on the boat. Jamie with eboatloans.com told me that he only had one lender who would loan on "go-fast" boats left and they wanted a minimum of 30% down and $50K price tag......

Tough market out there right now unless you can pay all cash or have some strong connections with your personal banker...

I'm glad you guys are chimming in on this. For those of us who read all these posts and constantly have thoughts of selling/upgrading/refurbishing ect. bouncing around in our heads, this helps to make those decisions easier....Keep what we got and continue to enjoy it for as long as we can!! Or just make more DINERO and pay cash!!!

I think 27-30K sounds about right for a 99 single engine outlaw....Pending on the shape it’s in. I got a call this morning from the guy I sold my 2000 29 to telling me he would sell it back to me for 35K.... Half what he paid for it and he put 20K in it after he bought it from me not to mention I had already put about 60K in custom work into this boat paint, stereo, new motors & drives ect.…….... the market sucks for sellers right now. Good luck.

Keep what you have..... good idea. I wish I would have never sold my 36. I did not owe much on it and now to get what i want I have to put a good bit down. O well....