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Old 07-11-2002, 02:48 PM
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Default Nada

Does any one use NADA prices to sell and buy boats. I guess what I am saying, are these figures about what a boat should cost at fair market value. It is time to upgrade and I am tring to put a price on the boat. For sale and to buy. How do you know when you are paying to much for a used boat? How far over book value should one ask for a super clean boat?

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Old 07-11-2002, 03:20 PM
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I realize that we are talking ASKING prices on the trader site, but there seems to be a significant difference.
I have seen this too. I can see 10% or 15% for something clean but some are 30% 40% higher. Buy low sell high. Pay for your new boat.
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Old 07-11-2002, 03:34 PM
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I think NADA actually uses a straight depreciation formula to come up with their prices. Not sure if they take into account other factors like fresh v. salt, long season v. short season, the "value" of a nameplate or particular model, etc.
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Old 07-11-2002, 03:36 PM
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Yeh, you would think that fresh vs. salt should make a huge differance.
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Old 07-11-2002, 04:00 PM
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NADA prices are based on national averages for boat sales. Forget about High retail! We use a program by ABOS on the PC. It is more accurate than NADA, but is only available to dealers. There are adjustments for condition, hours and options to consider. Freshwater boats will draw more as well.
If you need a number on a specific boat, let me know and I can come close for you without seeing it.
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Old 07-11-2002, 04:12 PM
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All the dealers use the ABOS book or software. It is more in line with what the boats sell for. I went around offering the NADA value on some used boats a few months ago and it pissed some of the people off. I dont know about other brands but Fountain sells for more than the NADA book lists it for.

Ron
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Old 07-11-2002, 04:23 PM
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Quote:
If you need a number on a specific boat, let me know and I can come close for you without seeing it.
Thanks Strike,
Lets see what you come up with.
89' Formula 223, 7.4, fresh water boat, clean, 500 hrs., to sell

89' Formula 272, 7.4s, fresh water boat, 300hrs, clean, to buy

90' Formula 272, 7.4 360 hrs., clean, fresh water, to buy

Thanks Russ
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Old 07-11-2002, 04:52 PM
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Default Remember, These are averages!

Low Wholesale High Wholesale Retail

89/223 $16,212 $19,396 $24,102

89/272 $22,915 $29,462 $36,533

90/272 $26,730 $33,858 $41,645

Remember, by low, sell high! Good luck!
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Old 07-11-2002, 04:54 PM
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I noticed when looking for my Donzi that NADA seemed low also. I think they only publish the price for a boat equipped with standard power. They listed a 97 Donzi 18 Classic at like $16000, but the NADA site also stated 260hp. 260hp was as low as you could get. My boat has a 350MAG MPI and Bravo One. That's a pretty expensive upgrade from the standard 260hp/Alpha. When looking, I just had to learn to compensate for options and equipment. Randy
 
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Old 07-11-2002, 05:01 PM
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The figures I gave you are already adjusted for engine upgrades and low hours.
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