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ContinuousWave: Whaler Marketplace
Value of a 2004 Montauk 170
|Author||Topic: Value of a 2004 Montauk 170|
posted 09-01-2009 08:39 AM ET (US)
My Neighbor is trying to sell a Montauk 170 with little use in good condition with low hours. NADA lists the value of the boat as being about $9,000. He is asking $18,000. How can there be so much differance?
posted 09-01-2009 11:34 AM ET (US)
Because NADA values for boat hulls are pure crap.
The subject of NADA values has been discussed to death.
To ascertain a fair market price, do a search on the various national used boat sale websites (Boattrader, Yachtworld, HullTruth, Craigslist et. al.)
posted 09-01-2009 09:00 PM ET (US)
Sewage treatment plants pass off pure crap is drinking water in some cities all the time. So likewise you may find someone foolish enough to lap up a low-ball offer propped up with a noodle of a crutch posing as a NADA value. Might want to try that shenanigan outside the neighborhood though. No telling where the crap will ooze from next when the beatings ensue.
Seriously, Nada boat values are simply to be used as a "guide" not gospel. What really matters is what is the boat worth to you. Determine that magic number invite the neighbor over for drinks and negotiate like a man without the aid of a silly yellow book. Good luck.
posted 09-07-2009 10:16 AM ET (US)
If NADA is not reliable, is there another documented source? What do the banks use for establishing a loan value?
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