Boat pricing
In the process of figuring the price of a boat, I searched NADA and came up with 22K average pricing. Is NADA typically accurate when it comes to a price? How much do you add for custom stereos, cosmetic additions and the like. How much does the market play into a price. I see very similiar boats(year make model) asking twice that amount.
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No..NADA isn't very reliable. Most dealers and banks use BUC value for boats.
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Nada doesnt work for performance boats due the fact that most have too many custom options that nada doesn't list The best thing to go off is look at the trends of boats selling and at what $. However be advised that the banks will often only loan 80% of the NADA value they are still thinking that NADA is the bible of boats
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I think that nada is good for a general guide. Real sales typically swing $5K from what NADA says. I usually look at boats under $50K so the swing is a lot more for others.
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Tex, I too look under 50. There is no way I am going that high however with a boat.
The seller is asking 31, so I would like to wind up at 27. Depending on where you look that is about 5-10k above the "book" price. As I was reminded NADA and BUC do not account for a trailer, so that has to be figured in. |
Originally Posted by Engine Co 496
(Post 2197915)
Tex, I too look under 50. There is no way I am going that high however with a boat.
The seller is asking 31, so I would like to wind up at 27. Depending on where you look that is about 5-10k above the "book" price. As I was reminded NADA and BUC do not account for a trailer, so that has to be figured in. |
The market doesnt look at options. Your 3K stereo is worth 500 buks a year later. I sued NADA in '99 and hey settled. It cost me 70K on a deal. I've used ABOS for years and I think they are good.
BTW.... NADA put me on the pricing board as a settlement :). I look at all the numbers before they go out...haha |
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