That is the point I’m trying to make. Looking at NADA’s MSRP, and then the low and high retail, I’m trying to ascertain depreciation from new on used advertised models I’m looking at. One example is that MSRP comes in at ~$105k when new and I know the boat lists this year for ~$165k with a Yammy 300. The advertised used price at the marina is ~$85k.
How am I ever supposed to figure out a fair price on a used Grady boat with these price discrepancies?
My understanding is that depreciation slows substantially at ~50% around the 5 year old mark.
Don't rely the NADA data. Look up similar boats for sale to get a ballpark estimate. Even with that it is difficult to get more exact since you really can't tell condition from an online listing.Figure that brokers up the price by 15% to 20% but that doesn't mean you will get your offer accepted if you offer 20% less. Remember that asking price may not tell you what certain boats actually sell for.
If you see several similar boats and one is a lot less expensive, it often means that something is wrong. Likewise, if one is much higher priced it may mean that the seller is not serious but would sell for the 'right' price.
Some features may be turn offs( to me at least), like Yami F350s and early 2000 F225s. A boat is worth whatever the market will bear.
NADA won't tell you that the asking price for a boat can go up or down depending on the season especially in areas that have winters.Prices also vary as the economy does.
As to your example about the MSRP of $105k and the listing of $165: Unless you know exactly what is included in terms of options, you can't just compare the figures. To make maters worse, the NADA values for options are often way off.
Unfortunately, there are no sites I know of that list 'divorce' sales
Those sellers are usually eager to sell and more receptive to lower offers!
