NADA Boat Values

[HocusPocus]

I remember looking at a used car that was higher than black book. On the phone the guy told me it was perfect and he went on and on.
When I got there, it was just a normal car with a bunch of wear and tear. I told him I wasn't interested and he started itemizing why it was worth more. One of the stories he told was how JiffyLube left his oil plug out and it burned up his engine. It cost him $6500 for a new engine, and that was only a year ago, so he added that onto the book value.
Yeah... lots of people use any number of reasons to sell themselves on why their stuff is worth way more than it really is. Personally, I blame it on the jet boaters.
i buy and sell and average of 2 boats a year. lots of guys do that very same thing with their boats. one guy had a boat with a nada value of about 8k, he pulled out the running 454 and installed a motor he said was worth 10k, now he wanted 20k for the boat. upgrades don't necessarily add resell value to a boat, it only gives the owner more things to brag about. :crossx:

[ratso]

NADA is still bullshit. I own a boat AND used car dealership, and realize that by no means makes me an expert... but we do more than two a year. The Black Book is what I use to check the market on cars... I only look at NADA when they need to know what the bank might loan. Depending on the market, especially now, NADA is a joke. As far as boats, as is with cars, some things I can't get within 2000 under NADA, and others depending on demand, I'll get 3 to 4K over. NADA is a guideline. It's only a rule of thumb when it comes to financing. Granted some people do think their pile of junk is worth a lot more than it really is though...

[Nord]

Pricin' 'em out uhhhhhh?????? I think Mikey is starting a trend.....from DCB to SCHIADA............I will sell you my Schiada 24'r for 135k w/lots of upgrades and not have to wait 14 months :rollside:
Mikey when you gettin' yours??????
Did you get your engine fixed???
~NORD~

[Never Too Old]

As far as boats, as is with cars, some things I can't get within 2000 under NADA, and others depending on demand, I'll get 3 to 4K over. .
Hey Ratso, I'm curious - that 2000 under NADA and the 3 to 4k over NADA - what percentage of the selling prices are those. Are you talking about boats that you're selling for 10k or 100k?
Also, noticed you're in Texas. My posts are about what I'm seeing in California.

[ratso]

...most of those are 10 to 30K in this area. As far as customs and the higher end stuff... seems they don't have a clue. The auto market has been off here for 2 years now. I see stuff so far off with some of these vehicles it's ridiculous. I just sold a 96 Chris Craft 27 footer with a 454, almost absolute mint, for a little over 27K. Check the book on that one because I haven't, but it's worth that much to my buyer after they looked at all the other crap out there. Bet book is 20K or less.

[lalhc]

NADA may be a great reference for production boats, but the pricing is way off for the performance boat industry.

[DCBDaytona]

If nada is correct, I paid exactly what I should have not including the options. I guess he threw them in for free.
Hey Kilr...I'll buy your F-26 for NADA's price without options... $100k it is :crossx:

[Keith E. Sayre]

My understanding is that the book is a "straight line" depreciation guide. It has nothing to do with market value unless just coincidentally, it happens to be the same. In other words, it depreciates so much percentage for the first year, so much for the second year, 3rd year, etc etc etc. If a particular boat
holds its value better than the "average" boats do, then the book will be way
off. Here's a classic example. In 1994 Conquest started building 28' Top Cat deckboats that sold for about $48,000. That same boat today will sell
for about $50,000 to $55,000 if it is real clean even though it is 12 years old.
However, the NADA book says that it's worth about $19,000 for low book and
about $26,000 high book. So their "book" value has nothing to do with market conditions or trends, they merely take the price new and start depreciating. This system may work for production boats. But it never works for the custom expensive boats.
Keith Sayre
Conquest Boats

[DCBDaytona]

My understanding is that the book is a "straight line" depreciation guide. It has nothing to do with market value unless just coincidentally, it happens to be the same. In other words, it depreciates so much percentage for the first year, so much for the second year, 3rd year, etc etc etc. If a particular boat
holds its value better than the "average" boats do, then the book will be way
off. Here's a classic example. In 1994 Conquest started building 28' Top Cat deckboats that sold for about $48,000. That same boat today will sell
for about $50,000 to $55,000 if it is real clean even though it is 12 years old.
However, the NADA book says that it's worth about $19,000 for low book and
about $26,000 high book. So their "book" value has nothing to do with market conditions or trends, they merely take the price new and start depreciating. This system may work for production boats. But it never works for the custom expensive boats.
Keith Sayre
Conquest Boats
This makes complete sense...I think simple straight line depreciation would work for 5-7 years max.

[Kilrtoy]

If nada is correct, I paid exactly what I should have not including the options. I guess he threw them in for free.
Hey Kilr...I'll buy your F-26 for NADA's price without options... $100k it is :crossx:
Read the fine print JR
THESE ARE CUSTOM MADE-TO-ORDER BOATS. SOME VALUES MAY NEED TO BE ADJUSTED FOR EXCESSIVELY EQUIPPED BOATS.
That is what appears in HIGH PREFORMANCE boats
so with that said, pony up the next 25 as your down payment :boxed: