Price Premium on Used Boats in Bristol Condition

[jml82]

Sanity check on used boats in excellent condition. If I go to nada.com and run the numbers, I get a used price for average condition. Nada also says boats/motors etc... in above average condition may demand a higher price. What's a good guideline? Is 150% of the average price too high. I prefer not to give specifics as this is an active negotiation.

 

[CalicoKid]

Re: Price Premium on Used Boats in Bristol Condition

If the boat is older and in pristine original condition then you can pretty much disregard NADA altogether. Location makes a huge price difference too. Year round boating and salt water cuts prices sharply. Upper Midwest used boats seem to bring the highest prices.

 

[Mischief Managed]

Re: Price Premium on Used Boats in Bristol Condition

I got my current boat in Indiana. It was a 93 hour loaded cream puff but I still paid well under (like 7 grand) NADA average retail for it with very little negotiation.

 

[roscoe]

Re: Price Premium on Used Boats in Bristol Condition

Location location location.<br />Some parts of the country you pay a premium on boats, and more on certain types of boats.<br /><br />In some parts of the country, boats are priced way under the NADA value.<br /><br />There, now my answer is just as vague as the details about your boat.

 

[Solittle]

Re: Price Premium on Used Boats in Bristol Condition

NADA is not known for having prices that reflect the going market in a given location at a given time of year between buyers & sellers.

 

[itstippy]

Re: Price Premium on Used Boats in Bristol Condition

SoLittle is correct. Watch eBay for a while to see what boats, motors, etc. are selling for. That tells you what people are actually paying. NADA used to draw numbers out of a hat. In the last couple years they have computerized their methods and now use a random-number generator from an old Bally "Wild Cherry" machine.

 

[crazy charlie]

Re: Price Premium on Used Boats in Bristol Condition

Originally posted by jml82:<br /> I prefer not to give specifics as this is an active negotiation.

Specifics are exactly what is needed to answer your question.Some boats/motors command a premium and some are valued so far under book value its not funny.So No Specifics=No Answer

 

[jml82]

Re: Price Premium on Used Boats in Bristol Condition

To those of you open minded enough to take the time to reply to my question with an actual reply, a hearty thank you. To the rest of you - keep building up those posts!