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Author Topic:   blue book
tightloops posted 02-28-2001 09:44 AM ET (US)   Profile for tightloops   Send Email to tightloops  
Why is the blue book on older whalers and outboards so much lower than what people buy and sell them at?
hauptjm posted 02-28-2001 10:04 AM ET (US)     Profile for hauptjm    
I asked that very question directly to the company itself. I got an answer, Slick Willie would be proud of. Essentially, they are beholden to the insurance companies that support them. They are not there for the consumer, at all. If you want to have FULL coverage, the best you can do is to negotiate the policy limits and try to capture 70-80% of what your boat is truly worth. Of course, this assumes your boat is in fact worth it. I've seen some Whalers in such deplorable shape, they're no worth a dime. Just being a Whaler isn't good enough.
B Bear posted 02-28-2001 10:12 AM ET (US)     Profile for B Bear  Send Email to B Bear     
Kelly blue book and the NADA use a fromula to deperciate boats. For cars and trucks they also use the current prices paid at the wholesale auction houses.

The true value of a Classic Boston Whaler can not be measured that way. It is as most things are, market demand. Something is only worth what someone is willing to pay for it.
These Whalers are held on to making only a few avalible on the market at a time, while there are many more people who want one then boats (the ol supply and demand).
This is a testiment to the quality and reputation of Boston Whaler.
After 20 years sailing Deep Sea I know that if something happened, being able to stay with your boat and keeping out of the water will save your life. A Boston Whaler will do that for you, and that alone is worth quite a bit.
Bear

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