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Used boat values and engine hp

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Old 09-22-2006, 10:11 AM
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Default Re: Used boat values and engine hp

IF YOU ARE SELLING USE THE HIGHER HP.

IF BUYING USE THE LOWER HP #
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Old 09-22-2006, 10:14 AM
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Default Re: Used boat values and engine hp

don't depend on N.A.D.A. most banks or dealers don't use it. They use A.B.O.S.
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Old 09-22-2006, 10:22 AM
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Default Re: Used boat values and engine hp

Quote:
Originally Posted by cosmic12
don't depend on N.A.D.A. most banks or dealers don't use it. They use A.B.O.S.
I'm just using NADA as a guide. None of the books are a "Bible". ABOS uses hoices for hp too.

FYI, my bank uses NADA and most of our local banks do as well.

Last edited by onesickpantera; 09-22-2006 at 10:25 AM.
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Old 09-22-2006, 10:28 AM
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Default Re: Used boat values and engine hp

Quote:
Originally Posted by BY U BOY
IF YOU ARE SELLING USE THE HIGHER HP.

IF BUYING USE THE LOWER HP #
Good point!
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Old 09-22-2006, 10:33 AM
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Default Re: Used boat values and engine hp

Actually, the majority of my lenders look to the NADA for loan values; and they work off of the "used trade-in $#". If there's no data in NADA, they will default either BUC or ABOS. ABOS doesn't quantify any option costs, but they do better with motor hp ratings, using actual $ values for the various engine packages that were available in that hull. The HP500's and 500EFI's value @ 470 hp, 525SC's value @ 490, and I believe 525EFI's value @ 500.
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Old 09-22-2006, 10:51 AM
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Default Re: Used boat values and engine hp

Thanks for the replies but now I am more confused than ever!

The reason for this question is I am trying to determine how much more a used boat would be would be worth with an HP500EFI compared to a 502 Mag EFI.
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Old 09-22-2006, 11:42 AM
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Default Re: Used boat values and engine hp

It would be the $ difference between the boat with 470hp and the boat with 415 hp. As I said, ABOS gives you the actual $ of the boat with that particular motor/power; NADA has a $ chart for the upgrade from the boat with base hp, to the upgrade horsepower that YOU specify. You can access NADA online(BUC, too). If you want ABOS $'s, I'll be happy to run them for you. PM me.
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Old 09-22-2006, 12:11 PM
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Default Re: Used boat values and engine hp

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Originally Posted by hpoffshore
It would be the $ difference between the boat with 470hp and the boat with 415 hp. As I said, ABOS gives you the actual $ of the boat with that particular motor/power; NADA has a $ chart for the upgrade from the boat with base hp, to the upgrade horsepower that YOU specify. You can access NADA online(BUC, too). If you want ABOS $'s, I'll be happy to run them for you. PM me.
No need for that at this time but I appreciate your offer. I may take you up on it later.

NADA just emailed me back and said to use CRANK HP. But, the more I look at their site the more that doesn't make sense. "Standard motors" are popping up at 385hp a lot which we all know is a 454 Mag MPI.
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Old 09-22-2006, 12:15 PM
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Default Re: Used boat values and engine hp

Exactly..........
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