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ContinuousWave: Post-Classic Whalers
But The Blue Book Says...........
|Author||Topic: But The Blue Book Says...........|
posted 04-04-2005 01:13 PM ET (US)
I got a couple of calls yesterday on my Dauntless 15'. One guy asked me all about it and then says "Your price is more than the blue book". I told him that the blue book has no basis in reality when it comes to Boston Whalers.
"But I could buy a 17' in another brand for what you are asking." I said, "Probably".
"Well, I don't have to have a Boston Whaler." I wanted to say, "Why did you call then ?" but held my tongue and told him maybe he should check around and see what Whalers go for or look at other brands.
I'll bet he could beat the blue book everytime on a Bayliner.
posted 04-04-2005 02:09 PM ET (US)
At least he didn't come to see the boat and waste a bunch of your time. I have sold a couple of older boats that were worth more than blue book and when a prospective buyer called I would make sure he knew two important facts before he wasted his gas and my time.
1. This boat is exellent shape and is worth more than what the NADA guide says.
2. Your probably not going to be able to get financing for this at the bank. How do you intend to pay for the boat?
Selling a boat is sometimes a big pain if you want to get some decent money for it. I like to be upfront about the values and financing so as to sort of qualify a prospective buyer before I waste a bunch of time.
The guy your refering too probably know just as much about Whalers as you do, he's trying to play dumb.
posted 04-04-2005 03:28 PM ET (US)
I don't know, he seemed to act like he would be just as happy with a Carolina Skiff. If he was playing dumb, he was doing a very good job.
I had another guy come look at it. He looked it over and asked if I knew what the blue book was. I told him I had no idea and if he wanted a Whaler , I wouldn't get too hung up on blue book values.
posted 04-04-2005 04:28 PM ET (US)
This thread caught my interest, so I did a little research (very little!) on the NADA blue books..
Their web site says the following
"Our values are based on the assumption that each vehicle, in order to be properly evaluated, must be independently considered on its own merit. N.A.D.A. editors routinely attend trade shows, manufacturer previews, auctions, and other industry events. Information is gathered from new and used dealers, auto shows, trade periodicals, vehicle classifieds, magazines, newspapers, advisory boards, associations, and car clubs - ultimately nearly half a million sales transactions are reviewed monthly. Our values are derived from the sales records collected for each vehicle; the vehicles are classified into one of three value categories based upon the vehicle's condition - low, average, and high. Once the sales data has been processed, N.A.D.A. editors are able to analyze current market conditions pertaining to each vehicle - determining accurate fair market values.
N.A.D.A. works independent of any third party special interest groups to arrive at the most accurate, reliable, and unbiased vehicle values in the industry. Due to our neutral position in the vehicle appraisal market, N.A.D.A. values are used to assist consumers, government agencies, insurance companies, banks, credit unions, financial institutions, fleet and lease companies. Additionally, our values are used by automotive, RV, power sport and marine dealers and manufacturers."
Given this, what would be the reason that the values they place on Whalers would be any more or less accurate than on other boats?
posted 04-04-2005 05:05 PM ET (US)
If you believe that second paragraph, I've got a bridge to sell you.
The last time I checked, the NADA value on my old, out of date, beat up, 1986 Boston Whaler Outrage, and terrible, rusted out, twin 115 Mercs, was a very generous $6200. I'm taking offers right now if anyone is interested.
posted 04-04-2005 05:49 PM ET (US)
Is there some documentation out there that they are not independent as they say they are? (I'm assuming that's what you were referring to, but you weren't clear).
Just asking... I've no clue about it myself.
Are the values they place on other craft/vehicles accurate, or are they only off base when it comes to whalers?
posted 04-04-2005 06:32 PM ET (US)
Bob, give it a test. Pick a Whaler, any Whaler, and see what the book value is. Get the value for the boat, motor and trailer and add them together. Then go to the real world......Boattraderonline, E-Bay, local classifieds, whatever and see what the boats are really selling for.
For example, I'm asking $8600 for my 1996 Dauntless 15.
In looking on Boattraderonline I find that there is a 1995 out there for $9200 and a 1996 for $12,500. There are also some 1998s for between $11,000 and $16,000.
So, I think I'm asking a very reasonable price.
A look at the NADA shows that they think my rig is worth somewhere between $5,315 and $6,370.
I could sell a hundred of them at those prices. Anybody on this forum would take one at that price. NADA just has no basis in reality. Not on Whalers.
posted 04-04-2005 06:46 PM ET (US)
Bob, here's an even better one. According to the blue book a 1985 15' Supersport with a 1985 Johnson 70 and a trailer is worth between $1,570 and $1,880. Any takers ?
posted 04-04-2005 08:20 PM ET (US)
interesting, is this true for other makes as well?
posted 04-04-2005 11:27 PM ET (US)
Actually, their numbers are close to reality on the 15' Rage model, but they are already red-headed step children in the Boston Whaler line.
When I bought my 1985 15' Sport with 1985 70Hp Johnson and Galvanized trailer, I paid absolutely no attention to the NADA value. Seeing as I was buying a garage kept boat in pristine condition from the original owner, NADA had no way to quantify the added value of such a gem.
By the same token, I recall looking at a few whalers before I found my gem that were completely beat, highly modified, and utterly overpriced on the single notion that "it's a whaler". I didn't even begin to dicker the price with their owners...
posted 04-05-2005 01:07 AM ET (US)
I found another source of boat values online. Does anyone know anything about BUC values? I plugged my 1985 25 foot Revenge Hardtop Walkaround into both NADA and BUC. IIRC, the difference was about $9,000.00 between the two sites. BUC will also return a value on an older hull than NADA will.
Thoughts on this?
posted 04-05-2005 02:48 AM ET (US)
I'm guessing but I believe that most buyers of used Boston Whalers are pretty knowledgeable boaters. Those knowledgeable buyers are perhaps looking for the unknowledgeable "seller" (widow, ex-wife, kid's inheritance, etc.). If the seller acknowledges that they would consider selling at NADA (blue book values) that buyer will consummate a deal in a nanosecond.
My 2 cents.
posted 04-05-2005 08:54 AM ET (US)
I'm not sure about whether it holds true for all makes other than Whaler but I sold a 17' Regal bowrider a few years ago and the NADA was pretty close to market value.
A friend of mine who is a Grady White fan told me that a Grady will sell for much more than blue book everytime. Maybe it just holds true for premium boats that have a large fan base.
posted 04-05-2005 10:04 AM ET (US)
Hey did you know a budwieser cost 4 bucks in saudia arabia?...value depends alot on geographic location.too
posted 04-05-2005 10:24 AM ET (US)
I had a deal for my boat fall through based on NADA value/no available financing from the bank. I don't know what the guy wanted to put down on it etc., but he got spooked and didn't try to hard to buy it at the agreed price after that. Boat US would have loaned him money based on my selling price.
I was referred to the BUC book by a local boat dealer. He said that gave more accurate boat values.
In the end, your boat (Bayliner, Whaler or whatever) is worth what someone pays you for it.
posted 04-05-2005 10:51 AM ET (US)
A Bud costs $10 in some Manhattan hotels too.
posted 04-05-2005 12:04 PM ET (US)
I would be drinking water.
posted 04-05-2005 12:27 PM ET (US)
If you're ordering Bud,
you already are, Florida15!
posted 04-05-2005 06:12 PM ET (US)
See new thread in "General" regarding stolen outboard engines and insurance claim. This is what Blue Book and NADA are all about.
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