How accurate is NADA Boats these days?
05-01-2012, 03:06 PM
#5
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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!
05-01-2012, 03:09 PM
#6
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Join Date: Apr 2010
Location: Lake Travis
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I think that NADA just subtracts a specific percentage of the boats value every year for depreciation. It's not a very accurate guide of what a boat is really worth IMHO. Looking at the used market will give you a better idea.
Buddy bought it.
05-01-2012, 05:11 PM
#10
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I just purchased my boat 2 months ago so here's a reference....
Boat: 1988 Wellcraft Nova Spyder 26 with 454 mag/bravo 1--500 hours
Paid $7500 including a tandem axle trailer (I thought this was a pretty good price).
--Seller was asking $8200
NADA value: $9500 plus $1000 for the trailer: $10,500
BUC value: 10,000-11,300 without the trailer.
Personally, I think my boat is worth closer to $9500 but there is no way to know if that is accurate or not. Very good condition overall except it does have bottom paint which for most would devalue the boat.
Boat: 1988 Wellcraft Nova Spyder 26 with 454 mag/bravo 1--500 hours
Paid $7500 including a tandem axle trailer (I thought this was a pretty good price).
--Seller was asking $8200
NADA value: $9500 plus $1000 for the trailer: $10,500
BUC value: 10,000-11,300 without the trailer.
Personally, I think my boat is worth closer to $9500 but there is no way to know if that is accurate or not. Very good condition overall except it does have bottom paint which for most would devalue the boat.
