Blue Book Value
- Thread starter AbbySedge
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Here are 2
BUC
https://login.buc.com/signin/index.cfm?tis=1&ct=409226
NADA
http://www.nadaguides.com/Boats
BUS, IMHO, is the more realistic.
BUC
https://login.buc.com/signin/index.cfm?tis=1&ct=409226
NADA
http://www.nadaguides.com/Boats
BUS, IMHO, is the more realistic.
NADA is a joke. BUC is a little better but is often low.
Your best bet to find the proper value would be a surveyor. If this is an insurance matter, the insurance co. probably will accept nothing less than a certified survey.
Your best bet to find the proper value would be a surveyor. If this is an insurance matter, the insurance co. probably will accept nothing less than a certified survey.
I agree with Tim but my personal experience is that surveyors often over-estimate value just as NADA et.al.
You would be best served to find actual sales figures in your geographic area which are contemporary. That kind of data can be obtained from any broker, almost all of whom have access to real sales figures via a few sources not publicly (or freely) available.
You would be best served to find actual sales figures in your geographic area which are contemporary. That kind of data can be obtained from any broker, almost all of whom have access to real sales figures via a few sources not publicly (or freely) available.
Many surveyors and brokers get their extimates from www.soldboats.com. However, it is fairly expensive to register.
No matter what source book you refer to, it is not a definite value for any particular brand and model of boat because you can have two boats, same make, same year, same model sitting next to each other and they can have totally different values. One can be a fresh water boat and another a salt water boat. One can be very well maintained and another in deplorable condition (or anywhere in between). One can be very well equipped and another be marginally equipped. Equipment and sails can be newer on one, or a mix match between the two. Each boat has to be further examined and it gets very subjective. These used boat guidelines are averages. I have seen two boats that are exactly the same brand and model and year, but they are so different in appearance and equipment you might not recognize them as the same model.
I should add that some boats have higher values in different parts of the country because of demand in a particular brand for whatever reason. And, some boats might have a very low value because of an area of the country that might be experiencing a poor economy/market place.
Just do what I did, call BoatUS, and ask them for a quote for insurance. I thought my 1974 Hunter 25 was well off their charts and asked for a quote based on stated value, only to find that their estimate of its value was only $365 less than mine and the premiums for full coverage were half.
Definition of a no-brainer there.
Definition of a no-brainer there.
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