I am trying to get my mind wrapped around getting my next bass rig after being out of the game for a while and I have been looking at rigs in the 10 to 15k price range that are older and well kept top of the line boats like Skeeters, Cats, Bullets, Rangers, and such. The issue I am seeing with this type of rig is the owner is usually about 5 to 6k higher on the asking price than the NADA guide says the whole rig boat, motor, and trailer is worth. I will have to finance my next rig probably with one of the credit unions I deal with and I just wonder what their reaction would be to this difference in apraised value versus asking price. I know if this situation were with some type of used automobile the only way they would touch it would be if I come up with the difference out of my pocket, which would put me at coming up with a 50% or better down payment. I was hoping to hold that to about 10 to 20%...Opinions......thoughts?

Honestly, I'd keep looking either on here, BBC, boattrader.com etc. I got mine for 5k under NADA and most of the ones I looked at were either in line with NADA or lower. 5-6k above is a bit ridiculous.

With the prices that new boats have risen too And the credit requirements good quality used boats have increased in value the last few years

What I mean by increased is they are not seeing the depreciation that they once would. Hence the higher asking prices because people are willing to pay for them

There are still deals out there. Just harder to come by

keep shopping. i just got a new "used" boat about 4 months ago, and there are deals out there. if they are asking that much over NADA, they will have the boat for a while. Most of the ones i looked at were at NADA or below. Make sure you are booking the boat correctly. Nada doesn't take into account a $2000 fish finder, or an $800 trolling motor. Food for thought

NADA is less accurate on boats than it is on cars because they don't account for options or condition. If you're looking at a boat with a power pole or two, side imaging at the console and bow, a nice TM and a motor with low hours, and the boat is in good condition because it was kept in a garage, NADA could easily be 5k-6k low and the boat still be a good "value". NADA has always seemed a little low to me anyway for boats that are in good condition.

FWIW, in that price range especially, I think you might be able to get a lot more for your money out of Triton than some of the other brands you listed. Of course I'm biased since I've got one, but you can find some nice Tritons for $15k that would be very close to $20k if they said Basscat, Ranger or Skeeter on the side and over that if it was a Bullet. Just my $.02

As someone else has said, don't forget to add all the extras on the boat when you are doing the NADA quote. I just bought a rig last week, and after the credit union did there estimate with all the extra's on the boat it came in about 9k below the NADA value.

Just shot an e-mail to one of the credit unions I deal with to see how they would handle this situation.....I will definately add the extras. I think some of the boats I am looking at are worth every penny they are asking. I think at some point these boats have to be valued differently than a regular boat kind of like a used car verus a classic car. The nicer ones should begin to increase in value at some point.....

Something to consider,Am I gona keep this boat just untill Im able to trade up to a new one are fish out of it far as long as it holds up. I started in 70s with Ranger then 80s w/Skeeter, 92 Another Ranger and am still very happy with it.They were all good boats and ive put them Through the mill.If I was lookin for a boat for uder 10k I wouldnt look at nothin but 360 thru 390 Rangers that had been taken care of.A new boat,Skeeter,Ranger,I think they will always me around.There have been a lot of good boats that couldnt stay in the market place.

Another thing is to have a survey done of the boat by a licensed appraiser. I know for larger craft that is how value is determined because of all of the variables

This has been a problem with credit unions for a long time. Most of the time the person looking at the loan has no clue as to the value of a bassboat much lees how much the options add to the value. You may have to expand your loan search to include banks. Money is cheap to borrow right now if you have a good credit score.

Also, NADA doesn't even come close to accounting for the options on boats now. Power Pole (1000.00 used), Side Imaging (1500 used unless 2 of them 3k used). I can see how the options would raise the price of a used boat to over the value NADA lists.

Jody

What some of people are asking for is a joke, I don't care what they have extra on there boat it's not worth what there asking. I would never pay over nada just look around and you will find somthing I found my for 8000 below nada.Some people need to realize what there selling is used. One guy I talked to wanted 12000 and it listed for 9000 then he trys to sell by saying you can catch a fish in it and if don't you can drive around the lake really fast have fun

I've owned 3 boats and not one of those did I pay at or above NADA value.

I would keep looking. Matter of fact I got all my boats are very good deals and it was just a matter of finding the person.

I think the best boat deals out there are the pro staff or pro fishermens boats that are only used one year, those are out of your price range, the 3 to 5 year old boats seem to be bringing a premium, I have seen several nice boats in your range on this site and the bassbotcentral.net

Are you pricing it in pieces ? Hull, Trailer, then Motor?

thats How NADA does it.