If you were trying to sell your personal boat (center console, twin engine application)…how would you go about obtaining a fair value?
Go by or call the county tax office. They have lots of information on boat value for tax reasons. They will give you the value for free.
ZX
nada is what my bank used to determine a loan value
NADA is how the banks determine it, they control the money, so I’d use the same. Unless you are one of the fortunate ones, lol.
2000 2220 KeyWest CC 225ox66 “Drippin Wet”
Depending on the value, a bank or insurance company may require a survey. The surveyor will use the NADA value and adjust for condition. There are 3 things that determine boat value, condition, condition and condition:wink:
Capt. Larry Teuton
Cracker Built Custom Boats
“Ships are the nearest things to dreams that hands have ever made.” -Robert N. Rose
NADA and then Boat Trader.com
NADA gets you a ballpark figure and Boat Trader lets you see what people are actually willing to pay for comparable boats. Most of the time I find out my stuff isn’t worth as much as I thought, however it is always worth more than what I told my wife I paid for it.
218WA Sailfish
The "Penn"sion Plan
RDW is right point lol, thanks for all the replies
quote:
Originally posted by RDWNADA and then Boat Trader.com
NADA gets you a ballpark figure and Boat Trader lets you see what people are actually willing to pay for comparable boats. Most of the time I find out my stuff isn’t worth as much as I thought, however it is always worth more than what I told my wife I paid for it.218WA Sailfish
The "Penn"sion Plan
One more nugget of wisdom to this discussion, the advise provided by RDW concerning the wife only works for a few years.
Once the garage or utility room is too small for your boat gear she starts to wise up…The few years you have also decreases if the wife is exposed to other wives who have been fooled as well…There are only 3 ways to make the value issue become a non factor …
1.The woman involved spends more money on her junk than you and is using the value trick on you in reverse.
2.Find a mate who shares the same passion you do for boating or fishing.
3.Be very carefully about going too high on the value figures you give your mate,this information can come back to bite you in the a$$ in court.
Boat values are hit and miss mainly due to the fact that RDW’s idea is an old one that has been used sense the beginning of time.
Hope that helps