NADA Values

[paulweh]

Are NADA values accurate relative to market or do you generally expect market prices to be above/below NADA values?

 

[bayman]

Re: NADA Values

Welcome to iboats!<br /><br />Do a search on the forums for NADA. There are a lot of opinions on that. Most of the comments I have read say that NADA is too low. I think it mostly depends on the boat itself and how well it was maintained - especially the engine(s). Prices can vary a good amount based on location too.

 

[AaronG]

Re: NADA Values

I've had the opposite experience. I've always found NADA values to be way too high. Especially with boats.

 

[dingbat]

Re: NADA Values

I agree with Bayman. If I used NADA values to sell my boat they'd be lined up out to the street.

 

[ZmOz]

Re: NADA Values

NADA values are not accurate relative to anything. NADA prices are 100% worthless. They are either way too high or way too low. They are NEVER even close to what a real boat would sell for. If I could buy boats at NADA prices I could make millions selling them again on ebay...

 

[sergioy]

Re: NADA Values

NADA is good for buying, bad for selling. I use it as a general guide, not as the bible.

 

[danielhuebsch]

Re: NADA Values

Take a look at the iboats classifieds to get an idea what people are asking for the type of boat you are selling/buying

 

[MrBill]

Re: NADA Values

I treat NADA values as guidelines and data points...they are based on actual sales, but you don't know how many. For more popular models, the prices get more acurate. Most important in most locales, is the condition, time of year and motivation of the buyer and seller.<br /><br />They are a reasonable guideline...every seller thinks his propoerty (boat, house, car, etc.) is more valuable than a potential buyer.

 

[pine island fred]

Re: NADA Values

Not quite certain where NADA gets there information from but I am sure it does not reflect private sales. People will pay lots more money for a car or boat if they can finance it. That means a dealer or bank financing. If you buy or sell privately my experience is to expect 1/2 the published value. Surprising how very few people have the actual cash for things they are shopping for. Even with private sales they try to get the seller to hold the paper on it and act as if they are doing you a favor. Wow how things have changed over the years. fred.

 

[BillP]

Re: NADA Values

Here's a paste from a note I wrote to NADA last year reflecting questions about accurate valuations. <br />=================================================<br /><br />Bill,<br /><br />I am in receipt of your email regarding our valuations, thank you. I completely understand your question, even employees of NADA run into this statement from time to time. For example we hear that the values are not market reflective or we develop them with a dart board.<br /><br /> <br /><br />With that said, we collect, review and editorialize used sales reports from our advisory board members in the marine industry to develop valuations. Our advisory board is comprised of over 350 marine dealers and brokers across the United States. The area though where we might run into a bit of trouble is with exotic or limited production boats. For example, a 2002 90' Hatteras may not change hands for a few years, "Due to limited resale activity", we are unable to establish a used value. Our values are based on a national average but clearly there are products in great condition in the marketplace worth considerably more and conversely in bad condition worth considerably less. <br /><br /> <br /><br />This might also be the case with a Corsair Trimaran, we recognize and list them, but because there are not as many sold as say Bayliner it makes our job a bit harder. Although we do our best and please know if you run into any difficulties or would like us to review the marketplace and values we will more than happy to assist you if we can.<br /><br /> <br /><br />As a side note, we ship over 350,000 publications a month and very rarely hear of problems.<br /><br /> <br /><br />Please keep in mind that this is a National Average and the valuations might need to be adjusted for your marketplace and are intended to be used as a guideline. Also, you are looking at the consumer website which does not show the high values which could be as much as 15% higher.<br />Sincerely,<br />Troy D. Heidemann<br />Assistant Editor/Marine Division<br />N.A.D.A. Appraisal Guides<br />(714) 556-8511, ext. 261<br />theidemann@NADAguides.com

 

[Straightup]

Re: NADA Values

Check on Ebay. Search for boats that are similar to what you are looking for. Then add them to your watch list (even non members can track up to 10 items). When it sells (or doesn't) you can look at the completed auction to see what it sold for (or didn't sell for). I've been watching ton's of boats on there just to see what the market is. Really nice boats on there are rare, and when they are there they almost never bring what the seller wanted.<br /><br />Condition is key. Most boats are abused on the lake or left outside to rot. (I cringe every-time I go see a bud in a rich subdivision - his neighbor as a $25,000 new bass rig sitting out all winter - no cover... Yeah, looks great having 6" of snow on the front pole seat ) I think that's mostly the reason for the low values. From what I've seen, boat values nose dive after a boat is a couple of years old.<br /><br />Jeff

 

[CalicoKid]

Re: NADA Values

NADA clue what it's worth.