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Trade in process
#11841361
09/21/16 07:03 PM
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Joined: Oct 2015
Posts: 125
ABit
OP
Outdoorsman
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OP
Outdoorsman
Joined: Oct 2015
Posts: 125 |
Is anyone familiar with the trade-in process when buying a new boat? Is it similar to trading in a car? What are values based on?
2012 Nitro Z8 - Mercury 200 Everything I know about fishing I learned from TFF.
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Re: Trade in process
[Re: ABit]
#11841455
09/21/16 08:09 PM
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Joined: Nov 2007
Posts: 5,497
ssmith
TFF Celebrity
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TFF Celebrity
Joined: Nov 2007
Posts: 5,497 |
same deal they will generally give you less than you want for it. the big difference is you don't have to go thru a bunch of drama to sell it.
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Re: Trade in process
[Re: ABit]
#11841475
09/21/16 08:18 PM
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Joined: Aug 2011
Posts: 2,957
Bob Landry
Extreme Angler
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Extreme Angler
Joined: Aug 2011
Posts: 2,957 |
The values are as low as the dealer thinks he can get it for. NADA is a good place to start. Be realistic. No one cares if it was your Dad's boat or it has been in the family for years with countless fishing trips, memories, etc. Any knowledgeable private buyer is going to want an independent inspection from an independent shop along with a compression test and inspection on the motor.
2015 Seaark 1872 MV CC Etec-90 Two Helix 12 CHIRP SI's, , MinnKota Riptide ST80/i-pilot Link, Bob's Hydraulic 2020 Robalo R200 CC, Yamaha 150
Bitter Gun Owner Bitter Clinger Armed Infidel
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Re: Trade in process
[Re: ABit]
#11843088
09/22/16 03:56 PM
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Joined: Jan 2005
Posts: 16,636
Pat Goff
TFF Guru
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TFF Guru
Joined: Jan 2005
Posts: 16,636 |
I took a lot of boats in trade. The NADA was the basic guide that gave you a baseline price to work from. From there it was all about the condition of the boat/motor/accessories. If it was an exceptionally well taken care of boat, that was ready for the water, a well known brand (desirable) with a known good motor, then it would get extra value added.
Ripped seats, faded gelcoat, worn out carpet, and especially dings, cracks and scrapes would get the cost of repair deducted from the value.
I would NEVER take a trade on: FICHT motors. Anything that said "Travis Edition" Bayliners Redfins Suzuki two stroke motors.
There you go. Trade in basics.
Pat Goff Seadrift TX
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Re: Trade in process
[Re: ABit]
#11845633
09/23/16 11:30 PM
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Joined: Oct 2015
Posts: 125
ABit
OP
Outdoorsman
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OP
Outdoorsman
Joined: Oct 2015
Posts: 125 |
Luckily, I am self made so I don't have any family hand me downs. No emotional attachments to anything I own.
Thanks for the info!
2012 Nitro Z8 - Mercury 200 Everything I know about fishing I learned from TFF.
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Re: Trade in process
[Re: ABit]
#11857971
09/30/16 11:51 PM
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Joined: Sep 2009
Posts: 456
Chris G. Davis
Angler
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Angler
Joined: Sep 2009
Posts: 456 |
Most dealers Base line is 70 to 80 % of nada LOW retail. Then deduct everything wrong with the boat. Any cosmetic issues hurt the price even worse.
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