The best sources for evaluating boat book values are boat appraisal guides like BUC, ABOS or NADA. These respected well-known sources have been trusted for appraising the retail or resale value of boats, cars, motor homes, RVs and more.
Most appraisal guides are available online and are good for estimating a boat’s book value based on year, manufacturer, model and optional features. Next to geographic location, optional features and upgrades on a boat can cause the biggest variance in price. Even though a boat may be the same year and model, the comparison may not be straight forward. For example, on a power boat the engine type (diesel vs. Gasoline, manufacturer or horsepower) can cause considerable variance in the price range for a boat.
Appraisal guides are meant to be a guide for a used boat price or book value and typically offer an acceptable range. Depreciation for each year of age on the boat is taken into consideration. As with cars, different boat manufacturers also tend to hold value better than others. These factors all influence the boat resale value and expected price on the market.
Online boat listings are a good source to evaluate current market prices for boats. Online search tools allow a user to search for used boat by model, price range and location to quickly determine the asking prices of boats on the market. Sellers can use these tools to estimate a boat’s resale value and buyers can use the tool to evaluate the best boat prices on the market.
Boat prices listed online do not necessarily translate to the actual appraised boat value. Sellers and buyers should use a combination of tools such as competitive market information and boat appraisal guides to determine what should be the true boat retail value. Be sure to study all the potential differences in prices listed online. Mechanical and cosmetic upgrades on a boat will influence the boat resale value.
The appraised value of a boat can be greatly influenced by upgrades or special options included with the boat such as: New engine parts, electronic packages, radar or satellite systems, dinghy or dinghy lifts, new cockpit carpet and new bimini or canvas tops.
Most appraisal guides are available online and are good for estimating a boat’s book value based on year, manufacturer, model and optional features. Next to geographic location, optional features and upgrades on a boat can cause the biggest variance in price. Even though a boat may be the same year and model, the comparison may not be straight forward. For example, on a power boat the engine type (diesel vs. Gasoline, manufacturer or horsepower) can cause considerable variance in the price range for a boat.
Appraisal guides are meant to be a guide for a used boat price or book value and typically offer an acceptable range. Depreciation for each year of age on the boat is taken into consideration. As with cars, different boat manufacturers also tend to hold value better than others. These factors all influence the boat resale value and expected price on the market.
Online boat listings are a good source to evaluate current market prices for boats. Online search tools allow a user to search for used boat by model, price range and location to quickly determine the asking prices of boats on the market. Sellers can use these tools to estimate a boat’s resale value and buyers can use the tool to evaluate the best boat prices on the market.
Boat prices listed online do not necessarily translate to the actual appraised boat value. Sellers and buyers should use a combination of tools such as competitive market information and boat appraisal guides to determine what should be the true boat retail value. Be sure to study all the potential differences in prices listed online. Mechanical and cosmetic upgrades on a boat will influence the boat resale value.
The appraised value of a boat can be greatly influenced by upgrades or special options included with the boat such as: New engine parts, electronic packages, radar or satellite systems, dinghy or dinghy lifts, new cockpit carpet and new bimini or canvas tops.
