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where do you get boat value?

Old 03-15-2019, 09:40 PM
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Default where do you get boat value?

I have tried nada but they dont give me an option to select brand and year of outboard motor. They just have option for hp. I think a boat with a newer 200hp vs a boat with an older 200hp should be worth more? My boat is a 1999 hydra-sports vector 2250CC with 2007 yamaha 200hp 4 stroke. Is there any other website ?
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Old 03-15-2019, 09:50 PM
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What I did for an older boat 9n NADA is get a price for boat with engine and trailer.

Price just the old motor. Take that off.

Price the new motor. Add that back.

Take off the $200 for ok l junk ekectronics and add back reasonable used sale price if your newer electronics. You never get it all back so these upgrades should sell the boat.

Make sure the buyer knows he doesn't get a newer engine and electronics and stainless trailer brakes on the $12000 2 stroke smoker with the strip chart and loran.
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Old 03-16-2019, 04:11 AM
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First of all, NADA or any market value source is not going to be an exact science. You could try Bucvalu.com as an alternative, but what you have is a 1999 boat with a newer motor. So, you are going to have to use your own judgement as to the difference in value of your boat/motor vs. an original 1999 motor. It may not make a huge difference.

BTW - it is not what you or any web resource thinks the boat is worth, it only matters what someone willing to buy it thinks it is worth. Current advertisement listings for same/similar boats can be helpful. Keep in mind that the boats listed are the ones that have not sold.
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Old 03-16-2019, 06:16 AM
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Originally Posted by Jumpsummo View Post
What I did for an older boat 9n NADA is get a price for boat with engine and trailer.

Price just the old motor. Take that off.

Price the new motor. Add that back.

Take off the $200 for ok l junk ekectronics and add back reasonable used sale price if your newer electronics. You never get it all back so these upgrades should sell the boat.

Make sure the buyer knows he doesn't get a newer engine and electronics and stainless trailer brakes on the $12000 2 stroke smoker with the strip chart and loran.
NADA is absolute garbage for boats. It doesnt reflect market value at all for many of the boats listed. Boats arent like cars, and a depreciation method just isn't an accurate approach to boat values.

A dealer or broker can subscribe to a service through which other dealers can report actual sell prices. I've seen these listing and they are the best representation of value in your geography. Even these lists are incomplete, but you will be amazed at the variation in price because of condition and seller motivation.

Listings are the best indicator of starting price, but ultimately so.much is based in condition, geography, time of year, and the overall economy that you have to judge each boat on it's own. You have to follow the listings and look at boats to understand what the boat that you are looking at is worth.
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Old 03-16-2019, 06:29 AM
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Comps...that's about it.
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Old 03-16-2019, 06:55 AM
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Comps is the only real way but an easy way to break it down is below. Come up woth a number for each and add it up. Remember the “overall shape” can be a negative.

trailer
electronics/systems
motor
hull
overall shape
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Old 03-16-2019, 07:21 AM
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Originally Posted by Yobub View Post
NADA is absolute garbage for boats. It doesnt reflect market value at all for many of the boats listed. Boats arent like cars, and a depreciation method just isn't an accurate approach to boat values.
I had a guy recently offer me a NADA value for my boat.

Of course, he didn't bother to look at the boat.
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Old 03-16-2019, 07:25 AM
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Originally Posted by Jus Teasin View Post
I had a guy recently offer me a NADA value for my boat.

Of course, he didn't bother to look at the boat.
There may not be any bigger telltale of an inexperienced buyer...
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Old 03-16-2019, 08:00 AM
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I start with NADA, but you have to know the market in the area in which you buy or sell. For example, center consoles around 21' with Yamaha 150 motors are hot in SWFL because they're near perfect for our weather and fishing in mixed inshore and near offshore conditions. Similarly, bay boats here sell high. I sold my 2005 21' CC, 535 hours, last year for what I paid for it in 2013. I think the selling price was helped by having a properly maintained trailer; it was in perfect condition. I bought another boat and trailer and reduced my offer because the trailer was lousy. I ended up putting nearly $3k into it.
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Old 03-16-2019, 08:21 AM
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Originally Posted by Jus Teasin View Post
I had a guy recently offer me a NADA value for my boat.

Of course, he didn't bother to look at the boat.
and the difference in the 2 were?
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Old 03-16-2019, 09:29 AM
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Nada or whoever are good in the car market because they have enormous amounts of data from wholesale car actions every week. There are no such boat auctions. All transactions are private sales in used boat market. So where are they getting their numbers from? I would not buy or sell a boat based on their opinion of value.
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Old 03-16-2019, 09:30 AM
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Originally Posted by Esuomm1 View Post
Comps...that's about it.
I agree
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Old 03-16-2019, 09:52 AM
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One can claim NADA I'd garbage but they use comps for prices too. And you will find apples to apples comparison are as close as anyone else.

Of course upkeep and condition, engine upgrades, electronics, trailer condition all play a part.

NADA is spot on for a 2000 Proline 231 WA, with serviceable trailer and a 250 HP 2S Yamaha that starts and passes a sea trial.

A used aluminum trailer built in 2000 with original rusty axles and long ago removed brakes and dry rotted tires vs. Same trailer with clean and well greased lugs, newer tires, stainless brakes and working lights is worth more than Nada. You just dont find many in that condition. The normal are worth the NADA price if you can get them home the date of purchase on thier own rubber. It's a given you need to service everything and repair as needed. How much repair is your job during inspection and adjust price accordingly.
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Old 03-16-2019, 10:02 AM
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When I was selling I asked a boat consignor how much she could sell it for. She was able to type in my 2000 hull and 2012 motor and come up with a pretty exact price. I didn't end up listing with them but they were going to ask 3,000 more than I sold it for. I just wanted a quick sale and the commission would have ate up some of that $3000. They do have a better program than NADA.
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Old 03-16-2019, 11:46 AM
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"where do you get boat value?"

Hard to figure. Sometimes I think people just pull a number out of the sky.
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Old 03-16-2019, 11:56 AM
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NADA is JUNK
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Old 03-16-2019, 12:08 PM
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Unless you have an alternative I suspect it's more about knowing how to use it.

Women tell me that all the time. :->
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Old 03-16-2019, 12:12 PM
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Well I will tell you this. If your buyer is financing, his bank no matter which one will only have 3 options. Most pick 1 of the 3. You can outline how inexperienced a buyer is if you want.
But again, his bank you either use
Buc (always the lower number),
Nada (the lower value),
or
Comps (avaerge of the comps found, minus 10%(broker commission), then 80% of the left over value is the most they will loan.)

So you can list your boat high or say these 3 method dont follow the market. But if you calculate each you will be within a few thousand on a 80k and up boat.

Cash buyers on the other hand should know this and offer way less. Due to the convenience of a quick transaction.

It seems that currently every boat listed is 20-40% high. Not sure why, but I guess it's the game? Boats sitting for 6-9 month on this site or Yatch World and Boat Trader. While boats that are price right (3 methods above) sell fast.

For 2 reasons, Cash buyers see the deal and Buyers that have 20% cash can finance them.

Either way, GLWS!!
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Old 03-16-2019, 01:12 PM
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Given the above you might contact your bank and ask if they can give you the loan value. If there's a good relationship at the bank they might even help your buyer finance. Could be the difference if the buyer is on the edge of qualifying. Much on value is so subjective.
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Old 03-16-2019, 03:46 PM
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Around here people seam to take the full price plus the financing charge, add in full retail for there 4 year old electronics then multiply by 3, then wonder why their boats not selling

Last edited by brownman; 03-16-2019 at 03:47 PM. Reason: spelling
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