On Mar 12, 1:33�pm, Short Wave Sportfishing wrote:
On 12 Mar 2007 12:54:54 -0700, "Chuck Gould"

wrote:
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 take your points - all good ones.

However that does not negate the obvious fact that NADA book pricing
for both trade in and retail are the values used when setting boat
prices no matter where you live.


NADA is routinely disregarded by most boat dealers and brokers, except
when
trying to take a trade at a very low price.

NADA is often thought of as "the bible" of boat pricing, because it is
presumed to be a mirror. It's not a mirror. There is not enough data
to support the numbers and in many cases there is no data at all. If
the NADA were an up-to-date *reflection* of the market, that would
make it pretty useful. However, it's all formula driven, rather than
sales history driven, and the assumptions are that all boats
depreciate at the same rate and nearly as fast as an automobile.
(NADA).

If people are routinely buying and selling boats for prices far above
or far below the NADA guidebook, it's that market activity- rather
than NADA's guesstimate.




That's a fact. *There may be individual market fluctuations that make
a boat's value go up or down, but on average, NADA is the book used
and thus reflects the relative value of the vessel.


To pick a nit: the NADA only reports the NADA "value" of the vessel.
Because NADA does not survey actual transaction prices, or even
advertised prices, it has very little to do with a functioning market
value. When NADA offers to buy or is in a position to sell boats at
the values they publish then they can be considered part of the
market.

If NADA were first a mirror, it could be used as a bible. Attempting
to be a bible without being a mirror makes it of very little value, as
there is nothing of any substance behind the alleged authority.





The only other way to price a boat is via BUC and when I asked, the
BUC value was about 5/8% higher than NADA.

For instance:

In my zip code, my 2000 Ranger with 2000 FICHT with trailer has a low
value of 14,700 and a average value of 16,800.

For Charleston, SC, it's exactly the same number.

For Fort Lauderdale, FL it's about $500 higher on both ends.

Based on that, I would think that the boat is worth about that and
based on what I'm seeing, it is.

Now with 16,000 of new engine, to me it's worth a lot more, but I
seriously doubt that I'd get even close to 32000 if I decided to sell
it.

By the way, how did you get that search report? *I can't get more than
11 boats listed.


1. go to advanced serch
2. plug in Bayliner
3. plug in 24-25 feet (some people will report at 2455 as a 24-footer,
others as a 25 footer)
4. plug in a range of model years beginning 1 year before the boat in
question and ending a year after. With older boats, 1 year one
direction or another makes almost no difference in value- but it
brings up a lot more boats to help establish a trend. On nearly new
boats, you want to stick to the specific model year.
5. plug in "no-limit" in distance from your zipcode to see the entire
US.