How to find out a boats value 2 years ago?

[Tanner]

Some of y'all may remember me and how we got in an accident 2 years ago, towing my Tige.

Been fighting over this thing with Boat US and the person at fault since then and finally going to court. Does anyone know how to find the value of a boat at a past date?

I've found one other boat that was for sale at almost the exact time, so that's helps. But anyone know how to backdate NADA or anything like that?

I'm trying to find out market value of an 06' 24V in 2012.

[boardman74]

Considering what new values have done and the year of your boat I would stay that the value would be very similar to today's prices on that boat. NADA is not at all accurate with boats in most areas. I would see what boats are selling for on sites like only inboards to get a better idea of value. Quick search of OIB shows 06 24's between $44,900-$46,900. I would guess they were very similar 2 summers ago.

[Tanner]

Considering what new values have done and the year of your boat I would stay that the value would be very similar to today's prices on that boat. NADA is not at all accurate with boats in most areas. I would see what boats are selling for on sites like only inboards to get a better idea of value. Quick search of OIB shows 06 24's between $44,900-$46,900. I would guess they were very similar 2 summers ago.

Believe me, I know! Unfortunately, the lawyers don't seem to believe that Nada isn't accurate on boats! Ugh

[st68]

Tanner, here in Georgia we pay ad valorem taxes every year on our boats... the tax assessors office uses NADA to place the value on boats each year... if you called one of the offices in Georgia they would be able to give you a value for your boat... I found it was pretty accurate because they kept increasing the value of my boat the past few years and when I called to inquire they told me they simply used NADA... and there was not much I could do about changing the taxes I pay. The number of the tax asssessor office for my boat is 770 dash 781 dash 2106

[st68]

I meant to say they can give you a value on your boat in any given year... so two years ago should be easy for them

[boardman74]

Well if the lawyers want to use NADA then let them. From my findings NADA is almost always high. Add in any and all options you have and then highlight the part that says vessels in excellent shape can be worth significantly more. When i run thru NADA and click the obvious options it gave me around 43K which is probably about where those boats will sell. So I stand corrected maybe NADA is right, once in a while.

[ericinmich]

There are sites that surveyors use like soldboats and buc and you may need to contact one for the info. The problem is that there are few sales (compared to autos) and I bet the range of selling price on similar boats could vary by 30% or more. The insurance company wants to replace your boat so why wouldn't they buy the one that is 30% less. This is why everyone should have an agreed value policy vs a replacement policy.

[chpthril]

I think you will come out better with today's value. 2 years ago, I think the market was still soft, but coming back. Today, I think its way stronger. I would shoot for a current value, based on the grounds that getting an accurate value from 2 years ago is not feasible. let the insured prove what the value was 2 years ago.