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is Nada the standard to sell ur boat by?
Posted on 9/25/12 at 8:53 pm
Posted on 9/25/12 at 8:53 pm
Bout to sell mine and wondering if its accurate.
Tia
Tia
Posted on 9/25/12 at 10:34 pm to lsufan112001
that's what I used to sell mine, and used it to buy another
Posted on 9/25/12 at 11:18 pm to AboveGroundPool
Tell us what type your selling.
Posted on 9/25/12 at 11:45 pm to lsufan112001
I know NADA is used by most banks and credit unions to value autos in LA. Most use the "loan value" on autos. Loan is lower than retail and trade in values. You can't get loan values on the NADA website, you have to purchase their little yellow books that are released monthly. You can also buy one for boats, ATVs, RVs and motorcycles. Not sure if most banks use it for boats though.
Posted on 9/26/12 at 2:36 am to bhtigerfan
You can base your price off of NADA, but you need to look up ads for the same boat and see what they are selling for. Do a search within 250 miles for ads. Now if it is a bigger boat like an offshore boat, do your search for as far as 1,000 miles. People are willing to travel for used high price boats. Not so for smaller boats.
The market for selling boats kind of sucks unless it is a smaller boat. Value wise, whatever the market will bring is what the value is for a boat.
The market for selling boats kind of sucks unless it is a smaller boat. Value wise, whatever the market will bring is what the value is for a boat.
Posted on 9/26/12 at 6:24 am to bhtigerfan
2000 alumacraft center console 50 Merc. 16.5 feet
Posted on 9/26/12 at 7:27 am to fastedLSU
IMO - the NADA will give you a starting point, but like said above, you need to research similair boats and what they are selling for in your area. Remember, if a boat is still listed for sale at XYZ price, it hasnt sold yet for that price and might not at all.
Posted on 9/26/12 at 7:31 am to lsufan112001
Combination of NADA and local market value
Posted on 9/26/12 at 7:33 am to Chris4x4gill2
Good advice on researching other boats. Make sure they have comparable features, comparable hours on motor, etc... The driving force in how much most buyers can pay depends on how much the bank will loan for your boat, since most finance things now. I would call the bank and see what they would loan on it. They are prob going off NADA also though. Atleast the few Ive bought/sold through a bank did.
Posted on 9/26/12 at 8:07 am to lsufan112001
my bank used nada for the loan, it'll give you high, average, and low retail...i used that as a starting point to negotiate with the seller based on the condition of the boat, i had done a lot of searching on bbc and craigslist so i knew about what i was going to have to pay for it
Posted on 9/26/12 at 8:16 am to lsufan112001
It's what I used when buying mine and also what advancial used for the loan.
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