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Boat Values -

Old 07-03-2006, 06:20 PM
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dean51267's Avatar
Join Date: Jan 2005
Location: Paducah, KY
My Boats: 93 Profile, 31', twins
Posts: 4,601
Default Boat Values -

According to surveyer I spoke with today BUC is THE authority on boat values. There is a significant difference between BUC values and NADA. He went on and on abut how NADA was not a good measurement because they only calculate retail or something.

Anyone have thoughts on this? BUC values are much lower than NADA....

Just trying to digest new information... Thanks...
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Old 07-05-2006, 10:10 AM
chuck21401's Avatar
Join Date: Feb 2004
Location: Annapolis, MD
Posts: 513
Default Re: Boat Values -

When I was financing my first boat the bank looked at values in both books.

I'm looking for a new used boat and the bank I've been talking to wants a value survey from an accredited surveyor for at least the sale price of the boat.

I guess it depends on the lender.

It would be interesting to know how values are established...the books list values that are way way under asking prices. With older boats condition is everything so it seems like FMV would be set on a case by case basis. The books give a ballpark.

Boats are worth what someone will pay for them, and books don't buy boats.
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