How do you determine the value of a used boat? Thanks

Go to the NADA price guides - ya, they do boats too - plug in as much information as you have and see what they say. Now with the current market add 50%-75% to that figure, and that's what dealers are selling used boats for.

 

If you're selling, you should ask for something between the NADA price and that higher figure...don't wait though - with things getting back to normal, albeit slowly, prices are going to drop as the 'weekend warriors' who bought boats cause they had the free-time are gonna sell them again and there's gonna be a glut and depressed prices. Whether that's this fall, next spring or a couple years off...who knows.

It’s amazing the price differences for the boat. Like auto’s boats depreciate based on condition and demand.

Look at Craig’s list and various specific boats for sale on the net.

Tom

NADA and your current market is the best bet.  You can try looking at boats sold on ebay as well, but that's hit or miss.

I used NADA, and then calculated in upgrades.  Upgrades like Ultrex, Ghost and hard to get items can increase the value of your used boat. I look at it like a supply and demand type thing.

Nada was good before the pandemic.  Used boats around here are going for nearly double what they should be.

1 minute ago, Jig Man said:

Nada was good before the pandemic.  Used boats around here are going for nearly double what they should be.

I think the supply and demand issue is what is causing it. That coupled with lending being a bit more generous allows the costs to go up. 

 

Same thing is happening with used vehicles right now especially trucks. I bought a new truck, and they are already talking about buying it back from me for more than what I paid for it.

I watch market place on Facebook to see what is selling for what and watch how fast it sells to gauge market value. 

1 hour ago, InfantryMP said:

I think the supply and demand issue is what is causing it. That coupled with lending being a bit more generous allows the costs to go up. 

 

Same thing is happening with used vehicles right now especially trucks. I bought a new truck, and they are already talking about buying it back from me for more than what I paid for it.

Last summer people couldn’t do much.  The lakes were open and fishing was allowed.  Boats, campers, yaks, there was no end to sales.  I look for a lot of them to be on the used market in a year or so.

51 minutes ago, Jig Man said:

Last summer people couldn’t do much.  The lakes were open and fishing was allowed.  Boats, campers, yaks, there was no end to sales.  I look for a lot of them to be on the used market in a year or so.

My thoughts exactly

2 hours ago, Jig Man said:

Last summer people couldn’t do much.  The lakes were open and fishing was allowed.  Boats, campers, yaks, there was no end to sales.  I look for a lot of them to be on the used market in a year or so.

yeah its coming as people start working more, doing other things, kids sports activities etc. only the people who really love it will hang on. the johnny come lately will sell when he realizes hes not using it and has to do all the maintenance etc. thats when we should be able to get some good deals on trucks and boats.

Okay, I don't know much about boats. NADA says my 2014 1648 Grizzly jon is worth $2100 retail and the trailer is $500 retail in round numbers. Call it $2600, about what the bare hull listed for new - $2699.

 

Looking at the current 1648:

________________

 

2022

GRIZZLY® 1648 JON

Bass Pro Boating Center | Ashland, VA

Change Dealer

NO HAGGLE NO HASSLE® National Price

$4,995   USD

Prep:	$0
Freight:	$175

Your Price w/ Prep & Freight:

$5,170   USD

_____________

 

Dang. Just Dang.

NADA looks a little behind the times.

 

30 minutes ago, Johnbt said:

NADA looks a little behind the times.

NADA doesn't do market fluctuations based on supply and demand. Right now, boats are in demand, and due to raw materials shortage, the supply is low...so the prices are inflated.