NADA Price Guide. whats yours worth.
02-13-2009, 03:53 PM
#21
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As everyone said its what the market demands, not some price in the book.
With boats its always pay a little now or a lot later. For just about any boat out there you can find one that fits the NADA guide pricing. Problem is the boat will be untouched and probably beat to chit. If anyone does upgrades to their boats there is no way they would accept nada pricing unless they are in a very tight spot.
Hell most of us have more $$$ into our motors than what nada lists for the whole boat. Take my Phantom. If someone wanted it for the nada recommended $15k i would have to strip it of the 700hp motor,drive, gauges, extension box, hydraulic steering and 380 tabs, etc first. Price how much it would cost to rebuild it to the current status and you have an idea why boats are priced what they are.
With boats its always pay a little now or a lot later. For just about any boat out there you can find one that fits the NADA guide pricing. Problem is the boat will be untouched and probably beat to chit. If anyone does upgrades to their boats there is no way they would accept nada pricing unless they are in a very tight spot.
Hell most of us have more $$$ into our motors than what nada lists for the whole boat. Take my Phantom. If someone wanted it for the nada recommended $15k i would have to strip it of the 700hp motor,drive, gauges, extension box, hydraulic steering and 380 tabs, etc first. Price how much it would cost to rebuild it to the current status and you have an idea why boats are priced what they are.
I love that 29 of yours. just as the market is nothing is worth anything unlesss you can find the money to back it.
Last edited by slpcamaross97; 02-13-2009 at 03:55 PM.
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02-14-2009, 01:08 PM
#23
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Fair Market Value
As a marine surveyor...I can tell you that "Fair Market Value" is very hard to put a dollar amount on right now. Reposessed boats are selling at 50 to 70 per cent of their 2008 value. A close value is to use a BUC Book low value and deduct 25 per-cent...although depending on the manufacturer and type of boat this can vary widely. "It all depends"...Bad news: Economy and banks not doing boat loans. Good news: Buyers are telling me that they are buying the boat of their dreams at a huge discount.
02-14-2009, 10:16 PM
#25
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Steve is absolutely correct. The older boats, (1978, etc), need to be judged on their own merit rather than a book value. You need to get a surveyor who understands what he is looking at and knows what the value is of Chief 1200s or Stirling 950s.
Many boats I survey have no information available in any books. It's not always easy to determine what a boat is worth. Beware of a surveyor not willing to research what the equipment is worth.
Many boats I survey have no information available in any books. It's not always easy to determine what a boat is worth. Beware of a surveyor not willing to research what the equipment is worth.
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