market value

[2whlin]

I live in Houston, Texas and looking at a 2000 2100V Limited, I did the NADA and the BUC and got 18800 and 21500 respectivly for a good clean boat, (not sure why such a difference between the two agencies?). The guy is asking $25000, why so much higher than what the reported values??

[skyski_tige]

I live in Houston, Texas and looking at a 2000 2100V Limited, I did the NADA and the BUC and got 18800 and 21500 respectivly for a good clean boat, (not sure why such a difference between the two agencies?). The guy is asking $25000, why so much higher than what the reported values??

Is that loan value?

[2whlin]

value

no, those were suggested retail prices from NADA and BUC.

[jwanck11]

His payoff on his loan might be that high. Also, are there extras that come with the boat (tower, stereo, skiis, wakeboard, ropes, tubes, etc...)

In any case, it seems way too pricey to pay 25K.

[2whlin]

value

Boat is paid for and has clean title according to seller. No, extras, just boat and trailer. What's fair price?? The boat is clean.

[da.bell]

Low NADA value is fair price IMO.

[2whlin]

I wish that were the case but I am not finding anyone selling their boats in NADA range.

[da.bell]

Well, it is the height of the boating season and people are wishing that their boats are more expensive than they really are. IMO, you can find an boat appraiser and they will provide you a better idea of the values of the boats. But, again... It is the boating season and people also owe more than the true value of the boat still.

[dogbert]

I wish that were the case but I am not finding anyone selling their boats in NADA range.

If you're financing the boat, talk to your banker. Sometimes they can be helpful.

It's a solid boat that will last a long time. It's not going to depreciate a whole lot more.

[2whlin]

yea, should have got the boat bug back in December..may just wait till winter unless something comes along.. I'll look into this boat appraiser thing..

[mtnsmith]

As dog also suggested, see what the bank will loan on the boat if you are financing, or even if you aren't. The guy might see that as more of a sign of what the market is showing. Waiting till mid fall would definitely see more things on the market though for sure.

[2whlin]

We're working on getting finances now but bank won't go more than 80% of NADA and since NADA is so low compared to what the asking price is, we'll just see how much they work with us.

[gman]

I had some work done on the boat cover and the owner told me today that one of their customers just purchased a 21ft 2008 (brand new) Eliminator for 26K Hard to believe but in todays economy very possible.

[2whlin]

where?

[gman]

California