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I found a boat that I really like (used bass cat not on the owners board)… but the person is asking a lot more than what NADA says its worth. My question is, what column are you supposed to use for the valuation? the Suggestion list price seems way too high and the average retail column seems about right (or a little low). He claims he used NADA to come up with the price, but were off by more than 6k.I know you have to add the boat motor and trailer together. Just not sure what column is standard to use. I guess I would have thought the average retail column.
NADA is a “Guide”. The value of the boat could be thousands different from NADA depending the condition of the boat. How has it been cared for and what is the maintenance history? How many hours? Any upgrades as far as electronics? Put your eyes on the boat and run it. It may be worth what he is asking.
Kent, Talk to your lending center. Depending on the condition of the boat my bank uses the highest price column to determine what their loan value is. Boat, Motor, Trailer & add on accessories all have to be added together. But as a side note most of the boats I have sold or purchased have been something in the middle if you add in all of the accessories. Value is what is it worth to you… and for me how much will the bank give me…Good luck,J..
Thanks for the REs guys.It does have low hours which is a +, but it has also been sitting there for years which is a -It is very clean and has a short maintenance history which is a +The electronics have not been updated since purchased from BCB which is a – and will cost some serious $ to update.I was just looking at the suggested listed price which would indicate a year 2000 P Classic would be over $25k which makes absolutely no sense.
Kent, Im pretty sure that “suggested list price” column is what the boat sold for new.
Thats what I thought Mike, thanks.A lot you guys watch bcbs sell on this board all the time. Am I way off base to think a 2000 classic with a 2000 efi200 should go for around 10-12 without electronics? Its got no upgrades, but does have a cover.Really clean boat, and love the colors.
Ive got a 99 Classic , and my insurance guy came up with 11,200 to replace it , without trolling motor , so my thinking is in agreement with yours . — Cover is worth 350 or so , if its pristine at 13 years old , and add a bit for any upgrades he might have . — Make him a respectable offer . — The worst he can do is say no . —
The NADA is a guide as stated. Ive always gone by the average on boat motor and trailer, then figured a reasonable price based on my area. “Fishing communities” may have more of an impact on the resale than an area less populated with anglers or lack of interest in fishing in an area of your state.If no upgrades or newer electronics, original trolling motor, those are things that if in working order, can last for a while. You dont have to replace stuff right away, like electronics, just plan and budget for them along the way.Check what your bank feels is the value against what you figure. Then make a fair offer after you have thoroughly inspected the boat/motor/trailer. If it is not up to what he wants thats up to him. I would bet the banks numbers will be closer to yours, and they dont give out money needlessly. If he asks, show him your figures.Worst he can say is no. Well, he could say worse, but at least you have peace of mind that money is in your pocket……..96 Eyra/12 Mercury 175 Pro XS with 2015 single axle trailer2017 Victory Gunner
I would say the value depends upon alot of variables beyond NADA.On the positive side, if he kept the boat inside of a building where the sun didnt shine on it, if its really really low hours, if hes hardly used it and the carpet hardly shows wear, if hes replaced things like tires or has replaced things like a superdash (dont remember if 2000 classic has superdash or not), if hes added powerpoles, if hes updated electronics, if he has a fairly new trolling motor and batteries….these things will drive up the value.On the flip side, if its been run hard and put up wet….then it wouldnt be worth NADA.It goes both ways.I would say that a boat could be several thousand more than NADA, depending upon the situation….and….can be several thousand less….if not cared for. Another wildcard is if the guy who has the boat doesnt care one way or the other if he sells it. If thats the case, and he has a number in mind, your probably not going to get him to budge.Or, it may be that hes high, knowing you are going to offer him less than his asking price, which would put him at about what the boat is worth. If he priced it right on your NADA numbers, and he sold it to you for less than the value just to make a deal, hes lost money……maybe hes thinking that.Id put together my best number and take it to him and see what he says. I wouldnt try and lowball him and I wouldnt sell the farm to get it. Id get together a good fair price, offer it, and if it doesnt work out, Id look for another one.
Those numbers seem inflated at $25k. We would think you could find a clean one owner for less. And we sure dont want anyone overpaying for a boat that may have issues unseen as it has been sitting. Run NADA or ABOS Book values and see what you come up with. If it is clean then there is a bit of a premium over that, though no more then 5% as there is nothing special. If a rig has been updated hard with troller and electronics then the game changes some as you wont spend money afterwards updating it. Tires, batteries and seats conditions are also a question on the value as these will cost to update. If those re all good then values are higher. Next is the fuel lines, oil lines and the engine service qustion. If those are updated the higher value again is able to be used. Lots to think abut and take your time. This fall one will pop up from someone getting ready to update or get a new new one in 2013.
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