When trying to negotiate the price of a used boat, it helps to know the boat’s value. Just as with used cars, there are authoritative price guides for used boats – and some are available to the public. Before you try to negotiate the price of a boat with a salesperson, use these guides to inform yourself of the boat’s value.
Nada Guides, which many people know for their used car value guides also publish guides on the value of used boats. When arriving at their boats page, users are asked to enter their zip code for local information. After selecting the type of boat (power boat, sail boat or personal watercraft), the next page asks users to select the manufacturer. The guide continues with questions on the year, model, features, engine and trailer before providing the estimated value. The values are presented as “suggested list price,” “low retail” and average retail.” Nada also provides estimates on outboard engines and trailers.
BUCValu is not as well known as Nada Guides, yet it is just as authoritative. Focusing solely on boats, BUCValu offers both paid memberships for professionals in the industry and free estimates for consumers. You must register to access any of the data on the site, but registration is free. If your boat is not listed, read through the helpful FAQ page.
ABOS Marine Blue Books
ABOS Marine Blue Books is an industry standard, which only professionals in the industry have access to. Unfortunately, this resource is not published online and is not available to the average consumer. If you have a friend at a boat dealership, though, they may be willing to look up the value of a specific boat for you.
The values these guides provide are accurate and trusted, because they reflect how large a loan a lending institution is willing to grant for any given boat. These loans are secured by the boat, and therefore do not exceed the value of the boat.
Armed with values from these resources, or at least the two of them that the public has access to, you should have the information needed to negotiate a fair price on a boat. When negotiating, remember that the values these resources provide are book values. The actual value of a boat to a dealer will depend on how likely it is to sell and how much it costs to keep the boat on the dealer’s lot.
More from Rob Toccs:
Women’s Ordination in The Church of England
A History of Baptism
Rabbit Mascots in Sports – An Easter Special
NFL Players Who Dance on TV
Selecting Fish for Your Tank