Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
Tom_Doe, VnJ, Tony Funes, outdoorlife1984, jimtutt
106384 Registered Users
Top Posters
TexDawg 86942
hopalong 78792
Pilothawk 75582
JDavis7873® 67385
John175 ® 65743
FattyMcButterpants 60793
Derek 🐝 58883
Tritonman 57723
LoneStarSon® 53716
SkeeterRonnie 53104
facebook
Forum Stats
106384 Members
61 Forums
812137 Topics
10253457 Posts

Max Online: 36273 @ 01/23/13 02:34 PM
Page 1 of 2 1 2 >
Topic Options
#12475622 - 10/23/17 09:22 AM Establishing Boat Prices Using NADA
T Bird Offline
TFF Celebrity

Registered: 03/07/10
Posts: 5052
Loc: Temple, Texas USA
Quick test to see how many can correctly book a boat price using NADA.

Boat Data:
2008 Legend Alpha 211 DCX
2008 250 ProXS Mercury
Tandem axle trailer
Minnkota trolling motor 80# thrust
Two 7" Lowrance GPS/depth finder
5" Humminbird Sidefinder/GPS/depth finder in-dash
New tires and batteries

[img]http://www.nadaguides.com/boats/2008/Legend-Boats-Ltd/ALPHA-211-DCX/10251725[/img]

Post the Low Retail and Avg. Retail prices you came up with.

Top
#12475656 - 10/23/17 09:42 AM Re: Establishing Boat Prices Using NADA [Re: T Bird]
921 Phoenix Offline
Extreme Angler

Registered: 06/21/11
Posts: 2498
Originally Posted By: T Bird
Quick test to see how many can correctly book a boat price using NADA.

Boat Data:
2008 Legend Alpha 211 DCX
2008 250 ProXS Mercury
Tandem axle trailer
Minnkota trolling motor 80# thrust
Two 7" Lowrance GPS/depth finder
5" Humminbird Sidefinder/GPS/depth finder in-dash
New tires and batteries

[img]http://www.nadaguides.com/boats/2008/Legend-Boats-Ltd/ALPHA-211-DCX/10251725[/img]

Post the Low Retail and Avg. Retail prices you came up with.


I show about 26-30. I have always been told as far as the trolling motor,graphs don't add much if any unless its a brand new product and a big upgrade and then it will only add about 50-60% of what you paid for those pieces. The tires and batteries are piece the boat needs and add no extra value. I am not a salesman so it may differ from different regions.

Top
#12475659 - 10/23/17 09:45 AM Re: Establishing Boat Prices Using NADA [Re: T Bird]
T Bird Offline
TFF Celebrity

Registered: 03/07/10
Posts: 5052
Loc: Temple, Texas USA
I will publish my results and explanations later today after giving folks time to participate.

Top
#12475662 - 10/23/17 09:46 AM Re: Establishing Boat Prices Using NADA [Re: T Bird]
bigcat85 Offline
Extreme Angler

Registered: 07/19/10
Posts: 1847
Loc: dallas, tx
I might not be exactly correct.
low retail $25,600.00
electronics I would add probably $1,400.00
Low retail I would put at $27,000.00. Im not going to add every cup holder and toll holder to the price. If it came stock, to me it is not an upgrade.
If has high hours it would go down from there. It is worth what someone is willing to pay. If it has been listed for a while, it is obviously to high.

Top
#12475891 - 10/23/17 12:27 PM Re: Establishing Boat Prices Using NADA [Re: T Bird]
David Burton Online   confused
Extreme Angler

Registered: 07/14/11
Posts: 1962
Loc: McKinney, TX
Can't be exact either, but with the one or two extra electronic ($200 each, can't give more not knowing models, assuming not HDS), I assumed you had a fender and surge breaks....

26,500 - 30,000


Edited by David Burton (10/23/17 12:29 PM)
_________________________
David Burton
2015 Skeeter FX 21

...and down goes PhotoBucket with the new Terms of Service... I predict they will be out of business or begging for forgiveness inside a month. 6/30/2017

Top
#12475894 - 10/23/17 12:28 PM Re: Establishing Boat Prices Using NADA [Re: T Bird]
Bradshuflin aka hunter'sdad Offline
TFF Celebrity

Registered: 10/05/10
Posts: 9589
Loc: Sanger, Tx/ Chatham, La
I came up with 26,590 low retail imo that is a little high, because this boat should have a 36v trolling motor, also unsure if it has a stainless prop, trailer brakes, trailer wheel type, etc. Kinda hard to book it without knowing exact equipment! Batteries and tires are a given to me.if they are not in good condition then I'm going to back up the value accordingly for the price of replacements.

Ultimately the boat is worth what someone is willing to pay and the bank will finance.
_________________________
https://www.leviathanrods.com Prostaff
https://www.inseinefishing.com field staff
https://www.wickedweights.com Prostaff

Top
#12476734 - 10/24/17 06:59 AM Re: Establishing Boat Prices Using NADA [Re: T Bird]
T Bird Offline
TFF Celebrity

Registered: 03/07/10
Posts: 5052
Loc: Temple, Texas USA
Explanations to pricing a pre-owned boat using NADA

Important: Research and determine the boat “Standard Equipment List” for the year, make and model of boat you are appraising. With a little computer key board work, you can usually find this on the internet. If not, call the boat manufacturer, most will be glad to assist you.

•Do not give NADA credit for any item that is on the boat standard equipment listing.

•Only a few boat/motor packages come with a S/S prop as standard equipment. Unless determined otherwise, credit should be given for a 3 or 4 blade prop.

•For NADA listed equipment options added at a later time: Determine the year the item(s) were installed. Look up same boat for the year the option was installed. Credit the option amount for that year. Example: On the 2008 Legend A 211 the owner added twin Power Poles in 2012. The NADA value for 2 Power Poles in 2012 is Low Retail $1730, Average Retail $1970. Credit these amounts to the price of the 2008 Legend Alpha 211.

•For accessories installed or added, but not shown on the NADA options list, you can determine fair market value for the item(s) using internet price research and credit to the boat price if you wish. Example: LED deck and trailer lighting, electronic mounts, engine covers, etc..

Pricing for the referenced 2008 Legend Alpha 211 DCX

Low Retail....$26,850
Avg. Retail...$30,535

Nada credits given for 2008 S/S prop and 2 color fish finders/gps over 5". This boat came standard with two Lowrance Mark5X fish finders. No credit was given/adjusted for new tires or batteries.
[img]http://www.nadaguides.com/boats/2008/Legend-Boats-Ltd/ALPHA-211-DCX/10251725/values[/img]

Their will always be exceptions and local market conditions may justify higher or lower pricing.

Hope this information assists TFF boat sellers and buyers.


Edited by T Bird (10/24/17 07:12 AM)

Top
#12477002 - 10/24/17 10:14 AM Re: Establishing Boat Prices Using NADA [Re: T Bird]
Fishinfellow Offline
Extreme Angler

Registered: 01/12/10
Posts: 2932
Loc: North Richland Hills, TX
hmmm
so uhhh...what was the point of this post.....
_________________________
Thats my money fish

Kris Winhold

Top
#12477010 - 10/24/17 10:21 AM Re: Establishing Boat Prices Using NADA [Re: Fishinfellow]
T Bird Offline
TFF Celebrity

Registered: 03/07/10
Posts: 5052
Loc: Temple, Texas USA
Originally Posted By: Fishinfellow
hmmm
so uhhh...what was the point of this post.....


Hopefully to help sellers and buyers accurately price used boats using NADA.

Top
#12477058 - 10/24/17 10:51 AM Re: Establishing Boat Prices Using NADA [Re: T Bird]
Jordan_Lane Offline
Pro Angler

Registered: 04/10/08
Posts: 658
Loc: Justin
Originally Posted By: T Bird
Originally Posted By: Fishinfellow
hmmm
so uhhh...what was the point of this post.....


Hopefully to help sellers and buyers accurately price used boats using NADA.


I've found that boats are rarely accurately priced

Top
#12477337 - 10/24/17 02:54 PM Re: Establishing Boat Prices Using NADA [Re: T Bird]
ko bass attack 27 Online   content
TFF Celebrity

Registered: 01/05/12
Posts: 8157
Loc: Fritch, Tx. - Alba, Tx.
The bank will tell you what they're worth.

Top
#12479581 - 10/26/17 09:39 AM Re: Establishing Boat Prices Using NADA [Re: ko bass attack 27]
T Bird Offline
TFF Celebrity

Registered: 03/07/10
Posts: 5052
Loc: Temple, Texas USA
Originally Posted By: ko bass attack 27
The bank will tell you what they're worth.


roflmao
You'd be amazed how many loan officers don't have a clue on how to correctly book a boat using NADA

Top
#12479597 - 10/26/17 09:51 AM Re: Establishing Boat Prices Using NADA [Re: T Bird]
ssmith Offline
Extreme Angler

Registered: 11/22/07
Posts: 2971
Loc: scotland tx
since nada let the boat builders get involved with setting the used boat pricing it has gone way up because the more that it books for the more banks will loan on them. in turn this makes the used boats easier to sell so they can move more folks into new boats.

Top
#12479989 - 10/26/17 02:05 PM Re: Establishing Boat Prices Using NADA [Re: T Bird]
SteezMacQueen Offline
TFF Team Angler

Registered: 11/02/14
Posts: 4470
Loc: Red Oak, Galveston, and Pagosa...
What does it matter?

If it's priced too high, it isn't gonna sell. Too low, and it's "what the seller wanted".

Who cares what anyone asks for anything. You are either shopping and willing to buy or not. It's simple.

People that worry about stuff like this are usually the ones that don't have a penny to spend or a pot to **** in.

IMO.
_________________________
RIP little Nitro




Top
#12480179 - 10/26/17 04:12 PM Re: Establishing Boat Prices Using NADA [Re: ssmith]
T Bird Offline
TFF Celebrity

Registered: 03/07/10
Posts: 5052
Loc: Temple, Texas USA
Originally Posted By: ssmith
since nada let the boat builders get involved with setting the used boat pricing it has gone way up because the more that it books for the more banks will loan on them. in turn this makes the used boats easier to sell so they can move more folks into new boats.


Almost absolutely correct! Dealers also submit survey annually to NADA with same motivation.

Top
Page 1 of 2 1 2 >



© 1998-2017 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide