Nada boat values?
 

When booking out a boat how important is it to add options? Should you just put the power of the boat in and get value?
Or should I be adding things like trim tabs, fridge, generator, ect?

I never price with the options. Try boat/us pricing. suppose to be a little more accurate. http://www.boatus.com/buyer/valueform.asp

Always check 2 guides and maybe a contact in the biz. Don't add options just the boat and power. Most options are "must haves" and things like electronics are outdated after a year and add no value anyway

Only add the options if they are indeed options when building the boat new. Example....fountains come with k-planes and full external dual ram steering standard. Thats not something you can then add as an option that will bump up price when compared with similar boats that dont come with those standard.

Add options well lets think about it, would you add for a convertable car?? How about a Z06 package on a Vette??? Yes add the options, unless you are only shopping stripped boats!!!!!!!!!!

K-Planes, depthfinders, Removable Carpet, full covers, Oh and lets not forget TRAILERS (their not free), Motors, Props, Built in AC, Heads, Shore power, Hydrolic Steering, Power Bolsters, and on>>>>>>>>>>>

That all being said condition of the boat should weight a big part of value also.

I guess its a little sore subject for me, we order all of our boats nicely equiped, and a few times a year I will have people price our equiped boat againist a stripped piecs of fiberglass with a prop. Then the quote come in "I want your boat but at their price, can you match it" Nope. Options can end up being a significant part of the price.

WILL:ernaehrung004:

I would only add the options if i wanted a true value of the boat.

What is worth more a basic boat with no trailer or a loaded boat with trailer?

or my least favorite match the 6.2 price with my 496 ho. hard times for a boat pimp.

How often Nada up date there boats on the web site? Every 30days?

I have only bought preowned boats. I print without options for negotiating with the seller and print with all options when negotiating with the (soon to be ex) wife:drink:

market values right now are about nada trade NO OPTIONS less 20%

Problem is that most of the options are killed by age/depreciation. As an example, electronics of ANY kind are worth virtually nothing after the 1 year.

Trailers are worth a "flat" number on trade depending on the age, starting at half the new price. There are 2 sides to the numbers though, average retail and ACV (actual cash value). Trading will get ACV, which is generally 20+% less than low wholesale as listed in price books.

Dollar,

I agree that some may not hold the value they did new, however, wouldn't you agree two boats identical, one with AC, power Bolsters, trailer, SS props, full cover, bigger motor, would be worth more???????? How about a boat with 6.2's vs 525efi motors, thats an option, Bravo1 vs Bravo XR drives??

A trailer valued at half is still worth more than no trailer!!

My point is it does matter, how much is really up to how important either wanting the option or not wanting the option.
:-)

WILL

engine and drives are definately adds...will were speaking of pre-owned boats NOT NEW...any marina i've ever dealt with either wholesales or retail...they all use nada retail minus 20%, trailers approx 1/2 of new as bill said. the only things my friends that are dealers add for are, AC, genny, enigine upgrades if FACTORY and trailers..

Engine options are critical, the most important part over the boat itself and sometimes more important.

I guess what I'm saying is that really there is only about a 5% (or less) diff between apples to apples boats if real value is placed

The real reason not to add options is because NADA gives inflated values to start with- standard boat w/ correct power will be a more accurate price than adding all the options.

Add all the options and take 20% off that price or don't add any options and come with the same price 10 minutes sooner..

wow i like this one best, priced my boat way higher than nada

does anybody have a subscription to soldboats.com

i would think this would be the best tool
as it shows actual sales prices

just wondering if anybody uses that as a guide

I add the engine power upgrade and thats about it. Most of the options listed on nada are standard on most boats.
Also, they don't differentiate between a lot of options. There is a big difference between KPlanes and Bennets, a custom 6k stereo vs CD player and 4 speakers, custom fit full cover, etc.

Use the book as a guide when selling and use cash when buying !!!!!!!!!!!!!!! Money talks the best deals!!!!!!!!!!! :ernaehrung004:

I guess I am loosing this discussion??????? Again I am not saying all the options should be treated like the cost of new. However they should be taken into consideration.

HUMM I bet most of you will feel different when someone prices your boat with the stock motor and nothing else???? Tells you all those K-planes, AC, trailer, props, covers,Platforms, Gages, upgraded graphics, switchable exhaust, are worth nothing????:ernaehrung004:

OK either way, hope you find the boat you want, with the options you want at the price you want.:ernaehrung004:

WILL

Will you are missing the point, if the boat comes standard with "options" like k-planes, props, covers then you can't double count the values. If all of the used boats out there have k-planes then it is a moot point to add them as an option.
Like pricing two Corvettes and adding power windows despite the fact all late model Corvettes have power windows.

Dealers won't pay anything for all of those "options" anyway in a trade in. In my mind options are power, drives (like #6's), full custom paint (not decal kit or factory paint like Fountain does), a/c and generator. Stereo/ Electronics/ Paint are really pennies on the dollar investments on the used market. A 40K paint scheme, 10K stereo will never interpret into 50K more in the asking price.

Exactly Jupiter. If I ACV a trade for lets say 200K and it has a MYCO trailer, 50K custom paint and a new 20K stereo I may go 210-215K. Thats IT.

This also applies to the retail side.

Ok let's do a test.

I will sell my boat right now to the 1st person willing to pay NADA w/options. This price doesn't even take in to account upgraded motors (standard is 250HP 2 strokes), duel fire extingushers, 4 optima batteries w/3 switches and a few other goodies. 2007 Concept 326 w/300XS's

I'll even toss in full tanks (212 gal of 93 and 6 gal of Premium + oil).

Low Retail Average Retail
Base Price
$88,900 $100,600
Options
Power Boat: CANVAS
Bimini Top $425 $485
Boat Cover - 32 ft. thru 42 ft. $640 $725
Cockpit Cover $460 $525
Power Boat: ELECTRONICS
Battery Charger - Triple 10 amp $345 $390
Depth Sounder $220 $250
Fish Finder - Max Depth 2500' $1,435 $1,630
GPS - Color Fixed Mount w/Cartography $1,805 $2,050
Radar Arch $1,930 $2,195
Radio / 25 Watt VHF - Fixed Mount $400 $455
Power Boat: ENTERTAINMENT
Stereo - am/fm CD player w/4 speakers $455 $515
Power Boat: FISHING
Bait Tank - 32 Gallon $200 $230
Transom Live Well $125 $145
Power Boat: GALLEY
Fish Box - Insulated 10 cu. ft. $465 $530
Pressure Water System $215 $245
Power Boat: MISCELLANEOUS OPTIONAL EQUIPMENT
Batteries - Dual w/Switch $235 $265
Docking Lights $490 $555
External Steering - Twin Hydraulic $3,180 $3,615
Fire Ext. 100 - 200 cu. ft. $320 $365
Outbd. Hydraulic Steering $720 $820
Outbd. Power Tilt/Trim (101-300 HP) $590 $670
Porta Potti $200 $225
Propeller / Stainless Steel (4-Blade) $640 $725
Spotlight - Remote Control $295 $335
Swim Step w/Fold Down Ladder $350 $400
Transom Bracket Twin Eng w/Swim Pltfrm. $3,325 $3,780
Trim Indicator $175 $200
Trim Tabs / Hydraulic $725 $825
TOTAL PRICE $109,265 $123,750

Yeah...I wouldn't put too much stock in their quote. Just for kicks, I ran mine through the boatus tool.....I'd say it came out about 20K too high.....however if anyone would really like to give me 53K for my boat I'd sell it by dinner!! :drink:

this argument could go on forever,

truth is the market sets the price you can buy and sell a boat for

for the buyer, you are going to pay what you think is a good price, hopefully a bargin in this market, but if there are 5 of the same boats on the market
in the style you like, and the owners all are priced close to each other, you can start throwing out low ball offers
but if no one budges, well then thats the market

for the seller, you can price your boat to be close in price to comparable boats, but in this market of slow sales, be prepared to keep it for awhile, SO to truly stand out in the crowd
you need to be the guy with the smokin deal, because everybody looking is going to use this price as the benchmark
and yours is sure to be one of the first to sell

the unfortunate part is that some people cannot afford to sell lower, as they probably owe a lot more than the boat is worth

right now if you are selling you dont want to be that person

and if your buying you may have to look at different models
in order to get that smokin deal

side note for sellers: beware as things get worse, the first thing to go before the house is the boat, and the banks DO NOT want boats, therby selling them under market and nada values,, WAY under, and we know what happens next, as we are seeing it in home prices

hey will, give up yet? wait till they see the banks loan value.

who needs options lets just go slow and ugly.

Yup I give up,

I guess were crazy, yes we will give more on a trade if the boat has options?? I mean, a trailer is still a trailer? Again I stress I am not talking about retail on options!!!

As for adding them if they are standard I agree, no they should not be added.

I stand by my point, I bet when you all got to sell your boat and you paid 50K in options, you will feel their worth something? If not please come trade the boat with me:drink:
I will happily not give value for a trailer, AC, Gen, power Bolster, blue motors, and on:ernaehrung004:

WILL

Will,

I'm speaking from the dealers perspective. As far as blue motors, they SHOULD have them or it's a big deduction, not addition.

Example.

Guy wants to trade an '07 42 Executioner. I will assume it has 525's and a trailer. Don't want to scare anyone with numbers but if it DOESN'T have 525's I'm dropping value by at least 30-40K. No trailer? Then I deduct the COST of a NEW MYCO.

It's not so easy on the other side is it? :drink:

HAHAHA

Rough crowd today, tomorrow their will be a thread on how boats with options sell faster than boats without, HAHAHAHAHA:evilb:

WILL:ernaehrung004:

DOLLAR ahh but you prove my point options do have value, rather deducting or adding??

OK I am going to get drunk

WILL:ernaehrung004::drink:

I'll work on that one.. Lol!!!:ernaehrung004:

1. I'm saying the value is the value is the value --- as long as the boat is equip'd as it should be.

2. I'm with you on the let's get drunk! When and where? LOL

Lesson to be learned--Be carefully who you deal with--the only person in this mix that has your interest at heart is YOU! The more information you have the eaiser it will be to sit down when your(their)finished. IMO
Jay