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.

Yes, for a boat loan but NOT a home equity loan. Interest on HE loans is 100% deductable regardless of what the $$ is used for.

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.

Phil, its mine...... and my interior's nicer!!! :)

No its not, its a different 01, yellow , with blue interior and a JC motor.:evilb:

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

I forgot that yours was an '01, I thought it was newer than that. Guess that just means it is in very good shape for its age.


You must be hittin the crack pipe if you think your interior and cabin can compete with mine.:bong:

You boat is pretty sick , I am liking the all yellow. Hopefully you can get it sold so you can move up into that O/B Spectre in the classifieds.:party-smiley-004:

I have my survey in .pdf format if you need it for valuation estimates.

Come on Philm , ante up with the pics. I want to see this smoking cabin and interior you speak so highly of.:worthless_without_p:worthless_without_p

Regarding a loan for a low production custom built boat, a phone conversation between the builder/company owner and the bank used to work. Not so shure about nowadays.

Nope, my bank talked to John at Superboat. My loan was for less than 50% of the quote John gave the bank. Plus, Superboat lists prices for the hull and options right on their site. The bank still wanted a survey. I have EXCELLENT credit scores too.

I usually only see the transom of Phils boat as he blows by me, but the year before last i did catch a view of the interior . and i must say the lime green shag rug really works well as a headliner, but the purple plush crushed velvet couch and bed seemed to scream excess.... just kidding with you . catch up with you soon it wont be long now.

:lolhit::lolhit:

I dont have a purple couch.......... I would call it more raspberry colored...:kiss:

See you on the water.

I would post pics but I dont want to steal Jay's thunder....:party-smiley-004:

...... or you dont have any photos handy:drink:.
just kiddin philm. Your interior is quite sick.


Polesmoker come to NY april 1st for a water test

You might consider ridding your boat of some of that fancy interior so you can get past old battleship scarabs :eek: