NADA Values in this recession - realistic?
 

All,

Due to some financial pressures I'm considering selling my 2003 292 Fastech (yes, this is a drag). 250 hours, 6.2 MPI's, Latham steering, transom shower...basically all options. Last year I invested several thousand dollars in stereo upgrades (4 amps, 9 speakers, iPod, etc.)

NADA says low retail of $61k, average retail of $69k. I owe $48k. Anyone know if current NADA values reflect the changes in our economic buying trends and the high # of boats on the market?

Opinions requested: Am I likely to find a buyer who will at least give me what I owe?

NADA values have never been accurate, current representations for what boats are being bought/sold for.

Most likely someone is going to finance that purchase. $50k is probably a decent number; hopefully Robert will chime in. Do you know if the loan is assumable and what the lender would require in order to qualify? Or are they at least open to lending to a perspective buyer? If you have these answers it will sell quicker.

Best of luck.

I agree with handfulz....you should get what you close to what you owe but NADA is a joke. Last year I had my 382 advertised for trade-in (upgrades have been discussed alot on the boards) and never recieved a decent prospect on the boat. Mine is paid for and I decided I like it too much to sell it.

I'm no expert but you should do very close to what you owe on it, there was one in vegas year older same hours in very nice shape that just sold for 40k, yes that was a deal, but thats pretty much the only way people are buying right now, there are plenty on BT for 60-80k, then again theve been on BT :rolleyes: Good luck and hope it all works out well.

Since everyone is pooh-poohing NADA, what is the consences of the board as to what to use, to price a used boat and accessories?? Hmmmm?

Look At Active Sales... Competition.

Wanna post any pics of the boat?:drink:

I think 48ish is reasonable given good condition, etc.

Exactly. The key being what they are selling for, not what folks are asking for them.

Bing Bing Bing. This is the difference between selling and sitting.

IMHO, in todays environment, if you really need to move the boat, and based upon what you have posted, if you can get out from under it for what you owe, your probably not doing too bad. Unfortunately, thats just todays market.

Wish you the best.