Determining boat values

[BLZ72]

What does everyone use when trying to determine the value of a used boat? I have been looking on NADA for blue book values however someone told me that NADA did not do a good job on boats. Anyone have any other sites or ways of determoning a boats value?

Thanks

[ShaneS]

If you know someone who sells boats, and has a yachtworld.com account, they can look up real world numbers of what similar boats are selling for. The "blue book" numbers have been off for years!!!

[Seaker]

Just send me the info on the boat in question and your email addy for my return. I can show you what the ask price was and the sold price. It's a much different world out there these past few years and realistically speaking only boats that are priced correctly are being moved. Now that doesn't mean bargin basement prices but depending on the vessel, the area it's in and the condition will all go into the equation.

The global market is still fairly strong and we are moving boats world wide these days

glad to help you no strings attached

Catchemup
Capt. Vin

[Tricia Lynn]

The only thing that TRULY determines boat prices are the prevailing market, and prices and which similar boats have ACTUALLY sold, not just where they are listed. Most dealers have access to closing prices of deals.

[perfectscore]

all boats listed are atleast fifty percent higher. Cut the price in half and make offer. It is unbelievable what many boats asking price was compared to what the real number was.

[Mike15]

all boats listed are atleast fifty percent higher. Cut the price in half and make offer. It is unbelievable what many boats asking price was compared to what the real number was.

Truer words were never spoken.

I find it unbelievable that through a depression "listing" prices of real estate have gone down by 30% to 60% depending on the market..but yet on yachtworld most boats are still listed for what they were when they were for sale 6 years ago - the same boat!!!

It will take some time - but the free market will iron this out - always has.

[seapower]

Back when I was commercial fishing, I had a fellow commercial boat owner tell me the truest word's I've ever heard when it come's to boat value's. "A boat is only worth, what you can sell it for", still apply's today. It doesn't matter how much stuff you've put on it, how much you've worked on it, how much you paid for it, etc..... The value is how much you can sell it for. Frank

[hubris 1]

All boats seem to be worth nothing.....until some guy says, Ill pay that. Not to ruin his thread but let me ask this as I have been thinking of this for awhile.
Who is the buyer for all the 50 ft plus boats out there? I mean, you have a 55 viking. Its a 1998. Who is the buyer for that boat? I think these big boats they build today have only 2 real buyers. After the second guy, its not sellable.
Now hear me out. I watch guys move up from a 23 grady, to a 32 blackfin to a 35 cabo to a 41 albemarle for instance. This guy for the most part cant buy a bigger boat. He isnt about to buy a 55 viking and think, if it needs new engines he will just repower. Thats gonna cost him 200,000 grand. He isnt thinking that way. He wants to buy it and run it. Its overall operating costs can bankrupt him.
So I ask this, all the big boats that have been built......who is the third buyer for them, at what price? I agree with perfect score but want to add its going to be like the real estate market and the Mc'mansions. The real prices they sell for hasnt even been looked at seriously yet. The cost to own and operate is so big only a MULTI, MULTI, millionaire can buy it, and he wants to buy a new boat. Depending on the boat, make a 50 percent offer. Some boats just will never sell in my opinion as nice as they may be. There just isnt a "move up" buyer.

[Mike15]

Hubris..

I agree. Some of these larger boats will never sell for any price. The operating costs alone will bankrupt most "wealthy" individuals let alone the majority of the population.

In my opinion there were just too many big boats produced in the 90's...They sold then because the banks were stupid enough to lend these people money sometimes 100% of the purchase price! Now they sit because potential buyers can't afford to run/own them.

[hubris 1]

Couldnt agree more. Theres too many 50 plus ft boats that may NEVER sell. In that market you buy it new, put it on the market immediately, fish it and take the first offer that comes along. It seems few of those guys actually want to "OWN" it anyway. They lease it, and are rich enough to not care. Actually, they have a business that pays for it. So they look at it like, pay uncle sam, or pay the boat........Easy choice, until the boat turns 5. Then just like a stock, time to dump it before the market opens. I see some deals out there in the 50 ft plus range that I cant believe sometimes dont sell........but I understand.
So, to the guy that started this thread, dont be shy. Make an offer below what you think, then subtract another 5 grand. Buy the wife a gift with the 5. Chicks dig a guy like that.
Pay no attention to a "book" value. Even banks and surveyors know they mean nothing.