On Mar 12, 11:28�am, Short Wave Sportfishing
wrote:
On 12 Mar 2007 10:09:02 -0700, "Chuck Gould"
wrote:
On Mar 12, 3:42?am, Short Wave Sportfishing wrote:
On 12 Mar 2007 00:38:59 -0700, "brian" wrote:
i have just purchased this boat for 10,000.00 from a privet party.
You bought a boat from a shrub? :)
You've over paid for the boat by about $4,000 even if it's in perfect,
mint showroom condition. *he book says it's worth $6,000 in average
condition with average cosmetics. *ractically, looking at the various
buying guides quickly, they are averaging $5200 ask price in good
condition in my area - if 9ou can find one that is.
You could make a really decent living buying up all the perfect, mint,
showroom condition 2455 Bayliners you can find for $6000. Here is an
abbreviated list of boats currently available (from Boats.com). I'll
bet most are not in bristol shape, but you'll see the pricing trend:
Low/Average retail via NADA.
'84 24 Ciera (Huron, OH) $8900
$4260/4280
So this guy is double NADA
'87 24 Ceira (Rogers, MN) $8995
$5188/$5870
This guy is 50-70% above NADA
'88 245 (Egg Harbor, NJ) $7995
$5530/6270
This guy is 30-50% over NADA
87 2450 (Aurora, IN) $9950
$5180/5870
More than 50% over NADA
'87 2450 Ciera (St Clair Shores, MI) $9999
Same
'87 2450 (Washington, NV) $8990
Same
88 2450 Ciera (Everett, WA) $12995
$5530/6270
More than double NADA
'89 2455 (South Haven, MI) $9900
$6150/6980
50% or more over NADA
'87 2455 (New Windsor, NY) $14900 (?!)
$5180/8870
way the heck over NADA
89 2455 (Verplank, NY) $9200
$6150/6980
And so on.
The list goes on and on, but this covers the first three pages in the
exact order that the boats appeard. Out of 18 boats, only three are
listed under $7k, ( and none listed at $6k or less) while 10 are
listed at effectively $10,000 or more.
Well, I don't know how you got 18 boats because I only got eleven and
of the eleven, six were appropriately priced. *From Boats.com.
I actually got 64
http://www.boats.com/listing/cache/l...=45&Search.y=9
Almost none were as cheaply priced as NADA suggests they should be.
There are problems associated with using the NADA (National Automobile
Dealers Association) book for boat pricing.
1. Boat pricing is far more regional than auto pricing. If there is a
huge price disparity on (for example) 2002 Toyota Corrolas available
at auction in Texas and the same car available at auction in Oregon,
the car carriers start to roll and things between the cheaper place
and the more expensive and things even out. Seldom happens with boats,
particularly cheap boats. NADA publishes a one-pricebook-fits-all-
regions book.
2. There is no data to support any of the numbers in the NADA boat
book. Nothing. NADA auto books are based on auction results on the
wholesale level, with formulas applied to project retail and average
trade. There are no boat auctions.
3. NADA basic values often strip a boat down to almost nothing except
the hull and the engines, with enormous tables of options to add back
to the base price.
4. NADA books are primarily sold to 1) Brokers, who use them to
justify taking trades in very cheaply. 2) Finance companies, who use
them to demand larger down payments so that "risky" loans
collateralized by boats represent distress sale balances.
And of course the largest problem of all with NADA----- there's no
order blank in the book. If 45 out of 60 sellers of a particular
model are asking 30-100% more than NADA "high retail", there ought to
be a huge landslide of business available to anybody willing to take
the NADA price
Bringing us back to the original point, I think it may presume too
much to tell the original poster that he overpaid by 40%, and probably
more unless the boat is in bristol condition. Yes, your NADA book
supports that- but the fact that there are almost no boats for sale at
that price level and most are substantially more carries more weight
than what NADA says the market "should be".
I agree that he needs to spend a little money on a surveyor now rather
than a ton of money on unexpected repairs a couple of months from now.
Well slap my ass and call me Sally - we agree on something. *:)- Hide quoted text -
- Show quoted text -