NADA and boat prices

[salmonee]

I checked NADA on two boats I'm looking at. One is a '97 Searay 19 w/ 190hp motor, owner wants 8k. One is a '99 Fourwinns H190 (18'6" actual) w/ 305hp motor, owner wants 11k. Both has 140hrs. I checked NADA using the boat specs and the Searay was dead on for "average retail" value. The Fourwinns "average retails" says 8k as well. I know there's a bit of controversy around NADA pricing and actual boat pricing but c'mon 3k is a big difference. What's the opinion? Now I'm leaning towards to the Searay because of the $ difference...

 

[superpop]

Re: NADA and boat prices

NADA is not a good guide for the value of a boat. Unlike cars, that are some what of a commodity because there are so many of them, can be pretty readily valued based on average selling prices. Boats are a much smaller market and the condition and location of a boat can have a huge impact on what the boat is worth. Sea Ray is a good quality boat but you do a pay a bit of a premium for the name in my opinion. I have a boat for sale right now and it is actually a bit above NADA book value but I will probably get it based on its condition and age. I have seen some 2 or 3 year old repo boats that I probably could have picked up for 20-30% off NADA value but they were beat and needed a lot of work, so they were not that good of a value.

 

[superpop]

Re: NADA and boat prices

Hay Salmonee, Check your PM file, I sent you a response. Sorry it took me a while to get back to you.

 

[RotaryRacer]

Re: NADA and boat prices

One is a '99 Fourwinns H190 (18'6" actual) w/ 305hp motor, owner wants 11k.

Salmonee,

If this is the same boat in your other thread then you misunderstood the engine size conversation. The motor is not 305 HP. It is 305 cuibic inch displacement or 5.0 liters displacment. That motor is likely rated for 220 HP as it is is the carbeurated motor and not fuel injected.

If the owner wants $11k that is what he feels it is worth. Based on the pictures and if everything is in pristine condition he may find a buyer willing to pay that. If you are only willing to pay $8k, offer him that and if he is offended then you know he isn't goint to go that low.

I think the FourWinns is worth more than the SeaRay you just mentioned based on age and engine. I think it is worth at least $2k more than the SeaRay.

It is a buyers market right now. Don't be affraid to offer what you think the boat is worth in any case.

 

[salmonee]

Re: NADA and boat prices

Salmonee,

If this is the same boat in your other thread then you misunderstood the engine size conversation. The motor is not 305 HP. It is 305 cuibic inch displacement or 5.0 liters displacment. That motor is likely rated for 220 HP as it is is the carbeurated motor and not fuel injected.

If the owner wants $11k that is what he feels it is worth. Based on the pictures and if everything is in pristine condition he may find a buyer willing to pay that. If you are only willing to pay $8k, offer him that and if he is offended then you know he isn't goint to go that low.

I think the FourWinns is worth more than the SeaRay you just mentioned based on age and engine. I think it is worth at least $2k more than the SeaRay.

It is a buyers market right now. Don't be affraid to offer what you think the boat is worth in any case.

Thanks for clearing up the motor comment. I also appreciate your comment on the fourwinns price. I'm just a little dumbfounded as to why the descripency in NADA pricing. I assume condition changes the equation somewhat. If the Searay's condition is just as good as the fourwinns do you still feel the same? Being that it's a buyer's market I just don't want a fair deal.

 

[tashasdaddy]

Re: NADA and boat prices

the NADA pricing usually is completely useless when it comes to boats over 4 years old. i this market it is totally useless, for any boat.

 

[RotaryRacer]

Re: NADA and boat prices

If the Searay's condition is just as good as the fourwinns do you still feel the same?

Yes. I think that SeaRay and FourWinns are as close to equal as they can be as far as build quality. If they are both equally maintained and in equal condition the FourWinns is 2 years newer and has a bigger motor. It should bring a higher price.

 

[kaferhaus]

Re: NADA and boat prices

Here's how it works... when most sellers first put there boat on the market they're not sure what to ask for it. so they call the bank or call the dealer and ask what the boat "books for" and that's how they set the asking price.

And if you don't ask for $10,000 you're certainly not going to get it... usually when there's no action on the boat within a few weeks or a month you'll see the boat offered again at a lower price.... the longer the boat stays on the market the lower the price will be until it either sells or the owner removes it from the market.

When I'm "shopping" I'll watch several boats until the owner quits advertising it and then look them up and make offers.

They either sell it or they don't. my fellings aren't hurt either way.

And TD is correct, the NADA guide is about useless for determining current values of boats in this economy and even in the best of times it was usually way off base.

Everyone has their own threshold of "pain".... I'd never even consider paying close to low book on any boat out there right now.

Make an offer on which ever boat you like best for what you want to pay. Forget what the seller is asking for either one, it simply doesn't matter.

 

[SuperDaddy]

Re: NADA and boat prices

The only use I have found for looking up boats on NADA, is to find out how much they weigh. The price values they give are ridiculous....

 

[1984Fabuglas]

Re: NADA and boat prices

A friend that works for the Bureau of Motor Vehicles gave me this explanation.

Boats prices on Nadaguides are often reflective of the reported paid amount to the Department of Motor Vehicles.

As most boats on the secondary market are sold by private individuals and not dealers the seller will often leave the purchase price blank for the purchaser to fill in. (Not sure if this is legal but it happens a lot.) In order to prevent paying sales taxes on the boat (done when you go to put the tile in your name) the purchaser will claim what they think they can get by with.

Often times the value of the motor and trailer are removed from the value. This is often the case with inboard boats especially.

 

[bruceb58]

Re: NADA and boat prices

Year old thread.

 

[fctyson0]

Re: NADA and boat prices

where should we look to get a ballpark on pricing

 

[Rwebber77]

Re: NADA and boat prices

where should we look to get a ballpark on pricing

Buying? Selling? Looking at comparable boats with comparable features on CL, iboats, boattrader, etc will give you a ballpark of what boats are selling for.