Best Place for Used Boat Pricing
Moderators: Redneck_Randy, badmoonrising, lakerunner
Best Place for Used Boat Pricing
Thinking of selling our 9 year old Bennington in Jan. or Feb. or Mar. Where is the best place to look for recommendations on pricing?
Kenneth & Joy
Lake Conroe, Texas
2007 Bennington 2577RFSi
2006 Yamaha F225
Solas 14.25x17SS prop
Best ever top speed 69.2KPH
Lake Conroe, Texas
2007 Bennington 2577RFSi
2006 Yamaha F225
Solas 14.25x17SS prop
Best ever top speed 69.2KPH
Re: Best Place for Used Boat Pricing
NADA?
2015 Sweetwater 2086 Coastal Edition - All Toon'd Up
2015 90 HP Yamaha
Mid American Dual Wheel Bunk Trailer
2017 4WD GMC Canyon
2015 90 HP Yamaha
Mid American Dual Wheel Bunk Trailer
2017 4WD GMC Canyon
Re: Best Place for Used Boat Pricing
Look to Boattraders.com for comps.
'12 Bennington 24' SSLX Yamaha 150
Re: Best Place for Used Boat Pricing
NADA is bad for boat pricing. As mentioned above, look at comps on CL or boattrader. Bennie is a good name so you that will add value help with your sale.
2003 Premier Grand Majestic 250 PTX Honda 225 OB (PTX baby!)
2002 MasterCraft X30
2007 Yamaha FX HO Cruiser
2005 Kawasaki SXR800
2004 Yamaha SuperJet
1989 Kawasaki 650sx
Lewis Smith Lake, Alabama
2002 MasterCraft X30
2007 Yamaha FX HO Cruiser
2005 Kawasaki SXR800
2004 Yamaha SuperJet
1989 Kawasaki 650sx
Lewis Smith Lake, Alabama
Re: Best Place for Used Boat Pricing
And why exactly is NADA bad?
2014 Sweetwater 2086SW
90 Hp Yamaha 4-stroke
90 Hp Yamaha 4-stroke
Re: Best Place for Used Boat Pricing
[quote="C_M_25"]And why exactly is NADA bad?[/quote]
The NADA GUIDE is prepared by the National Automobile Dealer Association in Kansas City. They watch over dealership sales of new and used vehicles and large national car auctions for their pricing. They're car people.
But the NADA doesn't have any national RV (or boat) auctions that prices can come from.
The NADA RV (and boat) prices are based on a first year depreciation amount. Then they lower the prices month by month at a set percentage.
In other words, their pricing is not based on experience because retail sales prices on RV's (and boats) is simply unavailable. It's just a work of fiction prepared by people that have never been on a boat or stayed in a RV.
Bank and Credit Union auditors are just looking for something to base their opinion on the way assets are booked, and NADA is the only guide that's on the market. They want to know if the amount advanced on boat loans and on amounts floorplanned for dealers is reasonable.
(I carried a NADA guidebook in my pocket the better part of 24 years.)
The NADA GUIDE is prepared by the National Automobile Dealer Association in Kansas City. They watch over dealership sales of new and used vehicles and large national car auctions for their pricing. They're car people.
But the NADA doesn't have any national RV (or boat) auctions that prices can come from.
The NADA RV (and boat) prices are based on a first year depreciation amount. Then they lower the prices month by month at a set percentage.
In other words, their pricing is not based on experience because retail sales prices on RV's (and boats) is simply unavailable. It's just a work of fiction prepared by people that have never been on a boat or stayed in a RV.
Bank and Credit Union auditors are just looking for something to base their opinion on the way assets are booked, and NADA is the only guide that's on the market. They want to know if the amount advanced on boat loans and on amounts floorplanned for dealers is reasonable.
(I carried a NADA guidebook in my pocket the better part of 24 years.)
'12 Bennington 24' SSLX Yamaha 150