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
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.
Their will always be exceptions and local market conditions may justify higher or lower pricing.
Hope this information assists TFF boat sellers and buyers.