Knowing what a boat's value is

[john john]

Best way to know what a boat is worth? Have been looking at boat trader and others on boats of interest, are these asking prices close to selling prices? How much will a new boat depreciate in 1, 2, 3 years or so?

 

[captfun]

Re: Knowing what a boat's value is

i just baught a 2006 with 40 hours on it,it sold new for 40k,i just baught it this week for $18,900.00 and the boat and trailer is like brand new,I hope this helps in any kind of way..Good luck!

 

[ezmobee]

Re: Knowing what a boat's value is

Watch craigslist for your area. Seems to be a decent indicator. New boats do depreciate something horrible. Only thing worse is RVs!

 

[tpenfield]

Re: Knowing what a boat's value is

Best way to know what a boat is worth? Have been looking at boat trader and others on boats of interest, are these asking prices close to selling prices? How much will a new boat depreciate in 1, 2, 3 years or so?

Boat asking prices tend to be very high as compared to the actual selling price. You can sign up for BUCnet on a monthly basis ($$) if you are shopping and get some used boat price guidelines. There is also NADA.com, but that tends to be less accurate.

Usually the person who really wants to sell their boat will be lower than their competition (i.e. same size, style, brand). If you watch used boat prices on the Internet, you will tend to notice this.

The new boat market plays a similar pricing game . . . just go to the boat shows and you'll see things like . . . MSRP $199,000 . . . 'boat show price' $129,000 . . . and stuff like that.

New boat depreciation in the first few years is like falling off a cliff. The only problem with trying to buy a boat that is a few years old is that the current owner often does not want to acknowledge the cliff that they fell off.

 

[captfun]

Re: Knowing what a boat's value is

Boat asking prices tend to be very high as compared to the actual selling price. You can sign up for BUCnet on a monthly basis ($$) if you are shopping and get some used boat price guidelines. There is also NADA.com, but that tends to be less accurate.

Usually the person who really wants to sell their boat will be lower than their competition (i.e. same size, style, brand). If you watch used boat prices on the Internet, you will tend to notice this.

The new boat market plays a similar pricing game . . . just go to the boat shows and you'll see things like . . . MSRP $199,000 . . . 'boat show price' $129,000 . . . and stuff like that.

New boat depreciation in the first few years is like falling off a cliff. The only problem with trying to buy a boat that is a few years old is that the current owner often does not want to acknowledge the cliff that they fell off.

So true!

 

[kmarine]

Re: Knowing what a boat's value is

Due to the econemy, not to mention fuel prices the boat values are suffering imensly. I have witnessed dealers selling boats well below cost just to remove them from their books. Not to mention the record number of bank repos. The nada guidelines are what dealers and banks are estimating with, however there are some crazy deals being made by desperate businesses. It is verry much still a buyers market.

 

[captfun]

Re: Knowing what a boat's value is

another reason you will see a boat thats a year or two years old,people buy these kind of toy with little or no money down..they are trying to get pay off..in most cases is around what they paid because the interest eats up there first few years worth of payments..i have seen better deals from actual boat dealers..because they try to go buy nada buying guides wich allows for depreciation!