How about them NADA values!!!!!!!

[talltigeguy]

Just doing some research on what people are saying about boat values these days and found a few items interesting. It seems that NADA is booking boats out at values that are far less then in recent history. I suppose that they are trying to reflect what is going on in the economy, but I think that they are pretty close to what I see as truth. I have watched boats come and go online and they do not seem to be going until they get to low retail value.

Low retail examples pretty well equipped with tower speakers and the whole setup:

2007 24Ve (this is for you Da Bell) : $45855
2007 RZ2 $46615

I think these prices are very low, but reflect the truth in today's economy. I know there are limitations to the NADA guide, but nonetheless it is at least someone who is trying to tell us how much stuff is worth.

[talltigeguy]

And a 2008 RZ2 has a low retail value of $51265, and average retail value of $58535.

[Domsz06]

wow!! Thanks for the info. This is interesting!!

[da.bell]

Thanks tall, but I took a $10k hit on mine 3 months ago. Reason why I am not getting rid of it. Would rather rent it out this next summer and make some money off of it now.

However, the interesting point is that those values are without the trailer.

[MoneyPity]

Yes, but trailers don't add much value. New from a manufacturer they run from $2500-$5000 unless you add tons of glitz.

[ragboy]

Thanks tall, but I took a $10k hit on mine 3 months ago. Reason why I am not getting rid of it. Would rather rent it out this next summer and make some money off of it now.

However, the interesting point is that those values are without the trailer.

That may be the case, but when people view those, they don't count the trailer and use those to decide what they should pay. I think the only time you can say, "well, I have to add for the trailer" is if you have some freaking amazing trailer that hoists your boat up to a 45º angle or something. The market has got to be real good, or you have to find a dupe to sell your boat over NADA or a car over bluebook.

[da.bell]

That may be the case, but when people view those, they don't count the trailer and use those to decide what they should pay. I think the only time you can say, "well, I have to add for the trailer" is if you have some freaking amazing trailer that hoists your boat up to a 45º angle or something. The market has got to be real good, or you have to find a dupe to sell your boat over NADA or a car over bluebook.

Very good point.

[noworries]

I gotta love declining boat values. Now I can go visit my county tax assessor and the SOB can reduce the "Personal Property Taxes" I as a once proud resident of the once great state of California get to pay on my boat.

[da.bell]

I gotta love declining boat values. Now I can go visit my county tax assessor and the SOB can reduce the "Personal Property Taxes" I as a once proud resident of the once great state of California get to pay on my boat.

I guess I better get off my arse and get that one done.

[talltigeguy]

And I forgot to mention the hit seems to be across the board. This is not just a Tige phonemenon.

[LovinPowell]

Just doing some research on what people are saying about boat values these days and found a few items interesting. It seems that NADA is booking boats out at values that are far less then in recent history. I suppose that they are trying to reflect what is going on in the economy, but I think that they are pretty close to what I see as truth. I have watched boats come and go online and they do not seem to be going until they get to low retail value.

Low retail examples pretty well equipped with tower speakers and the whole setup:

2007 24Ve (this is for you Da Bell) : $45855
2007 RZ2 $46615

I think these prices are very low, but reflect the truth in today's economy. I know there are limitations to the NADA guide, but nonetheless it is at least someone who is trying to tell us how much stuff is worth.

So are you going to buy a used boat? It seems like that is where the value is.

[jwanck11]

So are you going to buy a used boat? It seems like that is where the value is.

Agreed X100%

[talltigeguy]

So are you going to buy a used boat? It seems like that is where the value is.

The problem now being that if you are Da Bell and bought a 2007 24Ve ( I don't know what he paid) for $70,000, and put %15 down (10K) and made payments for 18 months, then you probably still owe over 50K on it. Then some doofus like me comes along and says: 'NADA says blah blah blah so I will offer you $46000'. The guy selling the boat then tells me to pound sand because he can't sell for less than he owes. If he had extra money, he wouldn't need to sell in the first place, so he has intense incentive to keep the price higher. That process will continue until something breaks. The boat will either go to the bank, or he will continue to make payments and not sell it at all. Now you see why Da Bell keeps his boat. Luckily for him, he can afford to do that. I am sure that the banks are taking some boats, but I do not know where they go, I think the bank repo auction is where best deals are at. I would shop there if I could figure out where it is.

So far the advertised internet prices are pretty good, but not spectacular if you ask me.

[goboatingfl]

They just dropped quite a bit in my Sept-Dec book adn I agree, low retail is the price I am seeing boat sell well at right now. At least over the last 3 months that's where I have had to be to move them in 30-45 days adn turn inventory. Question is, what are the manufacturers going to do as this just put buyers taking a HUGE hit on new boat purchases. It will be interesting. I haven't ran the NADA low on the '08 RZ4 yet, curious to see waht it is.

[Domsz06]

well what's going to happen is that people will not buy new due to pricing and lack of ability to get financing. Thus the boat dealers will have to dump inventory. This will make the used market drop even more.