Boat Depretiation

[Stinger]

I've read some old threads in reference to depretiating boat values. It seems the general rule-of-thumb is approx. 70% of purchase price once the boat is pulled off of the dealer's lot. When people are saying 70%, is it 70% of MSRP or invoice? I would assume it is MSRP, but I'm also aware that certain boat manufactures don't even list MSRPs and that they leave it up to the dealers to establish list price. With that being said, how does NADA and other blue book companies establish a list price to work off of. I just purchased an 2003 Chaparral 200SSi with premium, convenience, and sport packages, VP 5.0 MPI, snap in carpet, bow and cockpit covers, bimini top, C-Hawk tandem trailer with disk brakes, diamond step plates, retractable tongue and spare tire w/carrier for $29,395. I had $9000.00 down w/ my trade. I researched NADA for the 2000, 2001, and 2002 196SSi (same boat) market values. The prices listed did not reflect a 30% depretiation value. I believe the difference between the 02 and 03 was about a $2000.00 price difference from the $29,395 I paid for my new boat. Any comments?

 

[JAZZedBW]

Re: Boat Depretiation

Stinger,<br /> A bit of a suggestion: Don't ever have your heart set on NADA or something like that. NADA Could be a little or a lot off of a price. The actual book on boats could very well differ from nada. Thanks <br /><br />JAZZ

 

[Sea Mitch]

Re: Boat Depretiation

I don't know how NADA does it but I'm under the impression ABOS polls its members (which are usually dealers based on the cost involved in being a member). The members give info as to what the various boats sold for and ABOS crunches the data. If the members fudge the data... oh well!

 

[ob]

Re: Boat Depretiation

NADA more closely conforms to what lending institutions are willing to use as their financing and loan guidelines.It does not accurately represent what an individual would be willing to pay verses the new market.

 

[neumanns]

Re: Boat Depretiation

An old anecdote from the rv business to keep in mind also is " the book has never had to buy a boat" meaning its only a guidline. Your boat is only worth what a WILLING and ABLE buyer will give you for it...