Re: Buying a boat
well I am thinking I would like a 18 - 20 ft. age, not sure. Obviously the newer the better. i am seeing that people are asking almost 3k more for their boat than what they book for on nada. Is that usually the case? I have been seeing some mid 90's bayliners and asking price averages about $6k. I looked up the book and most are right around $3k book. Price range would be possibly be around $5K - $7K give or take depending on the boat.
Hi, and welcome (back) to the world of boating....
"The newer the better" can be deceptive. Maintenance is much more important than age on a boat. I, like others, have seen a lot of newer garbage out there from lack of proper maintenance. Most people keep the receipts of what they spend on boats, so they should be able to show maintenance records. DIY's will usually keep the receipts and records of when things were done.
I think there's a couple of reasons NADA is always lower then what people are selling them for, and these are only guesses, but;
a) NADA (I believe) is based on State sales records, so in states where tax is paid on the selling price of a boat, the numbers may be, ummm... not so truthful
b) Optional equipment/additional equipment - I just bought a boat for $3500, that booked out (before going to see it) at like $1700-2000. After seeing it, and what equipment it had, etc., it booked at $3800.
c) Time of year, location, mood, phases of the moon, all affect asking/selling prices
d) Emotional attachment - 'My son caught his first crappie on this boat, so it's got to be worth tons more!' or 'I love this boat sooooo much' etc...
e) Bank notes - They need to pay it off, otherwise, you don't get a title with it
I'm sure there are a million more reasons, but those are the predominant reasons in my mind.
To your original questions, if you are unfamiliar with boats, once you decide on the type/style you want, have either a marine mechanic ($) or a marine surveyor ($$) go with you. It can save you tons.
If you are somewhat familiar, you want to crawl all over the boat. Literally. Spend at least an hour checking everything you can see, touch, and access for proper condition and proper operation. Check for hull damage, rot damage (transom, floors, etc). If a trailer is included, I can't help you there, as I haven't a clue about them, I keep mine in the water. Of course, run the engine. Watch for the cooling water discharge. a steady stream is what you want. Check the condition of the prop. In my opinion, the prop should not be bent or chipped. We hit things, it happens, but (IMHO), a bad prop is a sure sign of neglect and cheapness.
The best thing I can tell you is; don't fall in love with it until you've negotiated your best price...
God luck!