How accurate is NADA Boats these days?
05-01-2012, 09:58 PM
#14
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Originally Posted by PhantomChaos
I think NADA values are only half the price of what boats are worth. 
I've used for property tax reasons. It is only a "guide" and should be used as such. Heck.....it's right in their name!
I've used for property tax reasons. It is only a "guide" and should be used as such. Heck.....it's right in their name!
National "Automotive" Dealer Assoction
05-02-2012, 11:22 AM
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Nada has only been useful to me when buying boats at auction. I would say that 95% of the ones that I follow end up selling within a grand of wholesale book number (not including options or trailer). Seems as if the buyers all use that number as their stopping point.
There is an exception to that. The idiot buyers here in the Dallas area buy wakeboard boats at auction all the way up to high retail. They are insane here. I have better luck buying them from the west coast and hauling back here to Texas.
There is an exception to that. The idiot buyers here in the Dallas area buy wakeboard boats at auction all the way up to high retail. They are insane here. I have better luck buying them from the west coast and hauling back here to Texas.
05-02-2012, 01:06 PM
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On the boats I've been looking at (~10 years old, 30k price range), the NADA value's are all 20k or less. Seems to be on the low side for that part of the market.
-Rob
-Rob
05-02-2012, 01:49 PM
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When I got my loan for my boat first of this year the bank told me it nada'd at 191k without having to itemize any options 
I think the older the boat the better chance of nada having a handle on being the closest to actual market value.
I think the older the boat the better chance of nada having a handle on being the closest to actual market value.
