![]() |
01 Kryptonite 29
Where can I find a NADA value for this boat ? Bank is telling me they find no listed value.
|
I just went through this with my bank. A survey is probably the only thing your bank will accept. Not a bad idea for your own benefit too.
I ended up going with an equity loan because the rates are lower, no lein on title, and tax deductable. |
Originally Posted by TexomaPowerboater
(Post 3352590)
Boat needs to qualify as a second home to deduct the interest, which typically requires permanent cooking and toilet facilities.
|
Correct, my mistake.
|
Low production boats like that don't make NADA. I had one and when it came time to sell it, no one knew what it was "worth"!
I think getting a survey is the only way to go. |
Which 01 are you looking at? PM me a link if it is online, or a link to pictures of it. Always interested to see what other ones are out there.
Hard to put a value on it. Mine is an '06, that i bought in '09, and it has pretty much the nicest interior/cabin of any one that I have seen, so my asking price would be a little higher than what others that I have seen woudl go for. Get an insurance/value survey done on it. |
Originally Posted by Philm
(Post 3352849)
Which 01 are you looking at? PM me a link if it is online, or a link to pictures of it. Always interested to see what other ones are out there.
Hard to put a value on it. Mine is an '06, that i bought in '09, and it has pretty much the nicest interior/cabin of any one that I have seen, so my asking price would be a little higher than what others that I have seen woudl go for. Get an insurance/value survey done on it. |
Originally Posted by Mastercraft240
(Post 3352870)
Phil, its mine...... and my interior's nicer!!! :)
|
I thought they changed the law on deducting home equity interest, I think it has to be for actual home improvements
|
just looked it up, only an issue if you take 100K or more from homes equity
|
| All times are GMT -5. The time now is 09:02 PM. |
Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.