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Author Topic:   nada pricing for a 78 montauk
bocadrew posted 07-04-2002 11:37 PM ET (US)   Profile for bocadrew   Send Email to bocadrew  
is 1100 dollars BUC pricing is maybe worth twice that much,I understnad that these prices are without engines but asumming a twenty plus year old engines is worth 0 give or take...I cant find any 17 mantauk in good condtion anywhere close to that amount...why is nada so far off, dont they realize the value of these classic's? or have i not looked hard enough for a good price?
JBCornwell posted 07-05-2002 08:02 AM ET (US)     Profile for JBCornwell  Send Email to JBCornwell     
Hi, Drew.

NADA prices are calculated by a straight line depreciation formula and bear no relation to the real market.

If you find an '87 Montauk, even a bare hull for $1100 it will be junk.

Boat Trader Online and Ebay will give you a picture of real prices in the real market.

Red sky at night. . .
JB :)

bocadrew posted 07-05-2002 08:08 AM ET (US)     Profile for bocadrew  Send Email to bocadrew     
follow up question, i used to own a bayliner, which sunk at my dock when the bilge stopppd working, and i found out tht insurance payed out not wha i was insured for but what they said boat was worth, turned out okay, but what about classic whaler, how does insurance determine value?
jimh posted 07-05-2002 08:49 AM ET (US)     Profile for jimh  Send Email to jimh     
To find out how your insurance policy works you'll have to read your policy. They are all different.

It is not unusual to insure something at an agreed value. You say, "I want to insure this boat for $17,000" and they say, "OK, that cost this much..."

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