Best source for accurate value of a boat?
10-01-2020 | 12:34 PM
#11
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From: SF Bay Area
Good thought. I signed up but they haven’t confirmed the email yet.
Thats about what I was thinking. I don’t need a high comp, just an accurate one. I’ve taken care of most of the bones of the boat but it needs a lot of cosmetic work and the only functioning gauge is the oil and water. In mint condition I’d guess mid twenties. Currently 11-12k tops. Craigslist is pushing $30k+ for similar which is absurd. I’m just getting an accurate list together of my assets and shocked how crazy the value of boats swing.
While NADA values are not fun to look at, that is what the bank will use for valuation. On a rare occasion you will find a bank (usually credit union) that will accept the value on the survey. When I was buying my Cigarette 39, NADA was about half of what that boat is typically listed for. I could not find one bank that would accept a value from BUC, and I called at least 30 banks all over the US. Try buying an Outerlimits or Nortech, almost impossible if you want to finance it, I had to walk from two awesome boats due to no value in NADA.
A boat that is rotten and needs work isn't worth much. For a Baja, the NADA value isn't going to be that far off real world pricing.
Non factory motor is a negative, rotten interior is a negative. I'm going so say your boat is worth about $8-9500 based on what you said. My guess is the trailer needs work, along with a lot of other things. In excellent shape, needing nothing, maybe $22k. Interior alone is going to run $10k from a good shop, maybe more depending on how bad it is. Are the gauges all faded? If so, there is more money.
A boat that is rotten and needs work isn't worth much. For a Baja, the NADA value isn't going to be that far off real world pricing.
Non factory motor is a negative, rotten interior is a negative. I'm going so say your boat is worth about $8-9500 based on what you said. My guess is the trailer needs work, along with a lot of other things. In excellent shape, needing nothing, maybe $22k. Interior alone is going to run $10k from a good shop, maybe more depending on how bad it is. Are the gauges all faded? If so, there is more money.
10-01-2020 | 12:59 PM
#12
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From: Mansfield, TX
This forum is best place and think endeavour32's numbers are pretty accurate, maybe $10K for a knowledgeable buyer. Transom could be suspect as well. If Transom is bad you'd be lucky to get that.
I'd start with a $15K price and go down from there. You know it's priced right when you start getting quality inquiries.
I'd start with a $15K price and go down from there. You know it's priced right when you start getting quality inquiries.
Last edited by TexomaPowerboater; 10-01-2020 at 01:02 PM.
10-01-2020 | 01:24 PM
#13
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From: Thousand Islands area
Some people put to much thought on this. Check Nada, you can usually get ball park, and second off thats what banks use anyways and 90% of buyers out there probably will use a bank. Now where Nada sometimes is hard is if you have a boat thats older and is rarer, nada has a hard time accounting for low production items. Next check the market, FB, Ebay, boattrader etc, you can from there start seeing what people are asking, usually if you get a good asking price average you can figure selling prices are probably 10-20% below that.
Me personally I would never buy a boat over NADA just for mere fact that if I have to sell the boat, chances being I will never get above nada. People are asking stupid prices right now and good on them I guess. But a 20-25 year old single engine baja to me just isnt worth over 20 on its best day. Something like yours that needs 10-15k worth of work, maybe you get 10 with a guy that being generous. But to me Id be paying 5-7k based of what you said.
Me personally I would never buy a boat over NADA just for mere fact that if I have to sell the boat, chances being I will never get above nada. People are asking stupid prices right now and good on them I guess. But a 20-25 year old single engine baja to me just isnt worth over 20 on its best day. Something like yours that needs 10-15k worth of work, maybe you get 10 with a guy that being generous. But to me Id be paying 5-7k based of what you said.
10-01-2020 | 07:41 PM
#15
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From: Connecticut
