A Reference to NADA Boat Appraisal
NADA which is The National Automobile Dealers Association is responsible for providing appraisals for motor vehicles which includes car, trucks, recreational vehicles and bikes. They even provide appraisals for boats including motorboats, sailboats and PWC so if you are preparing to buy a boat, new or used, it is wise to have a good idea of what you should be looking to spend. NADA has the capacity to value used boats, personal watercrafts, even aquatic accessories like road trailers and outboard motors. When you have a clear idea of what you should expect to pay then this will certainly assist in negotiating with brokers or dealers.
With investigation through the NADA guide, the cost of a used water vehicle is made much simpler. While the NADA boat appraisal assists dealers or brokers in establishing a value for a water item it also assists the buyer; in that these buyers would already have a value established whenever the time comes for the sale of a boat, jet ski or some other water vessel.
Like most appraisal website (for motor vehicles and so on) the NADA guide has an online request feature that provides value that more times than not looks to correspond to the average retail price. Therefore a seller could actually get more for a particular item than that which is outlined in the boat guide, based on the condition of the item especially if its condition is quite excellent and the item itself is greater than average. It is reported that more accurate figures are given for water vessels and accessories not older five (5) ideal years.
For boats produced from 1970 up until this present, NADA boat guide has been trusted to determine market value. NADA boats have had the opportunity to establish itself as a brand in the appraisal domain, which offers quick response in defining values. When the thought of trading up comes to mind, this guide can assist in your decision making as to whether it is really time to trade up or to hold out for a while longer.
Recommendations when purchasing a boat
Firstly you must decide if you want to buy new or used and there will always be advantages and disadvantages either way. Buying a boat new or used is definitely not the same as buying a new or used car, it takes a lot more time and effort in finding something that will best suite your needs. In buying a boat new it can be helpful in that you will be purchasing under a warranty so you won’t have to worry about parts and repairs, at least for a while, however purchasing new can be extremely costly especially for someone who will not boat much and will want to sell their boat after only a few uses, the value would have decreased significantly. Buying used on the other hand can be very cost effective but the parts can be expensive not to mention repairs therefore maintenance could cost more on a used boat than a new one. For those who decide to buy used, it is wise to take a boat expert or “mechanic” if you will to inspect and test drive the boat before any commitment is made.
It is better to seek out more than one boats to inspect and test (unlikely in the case of private owners) so that you can get a feel of what different are like and this will help make a decision as you may favor one type of boat over the others.
As with many items we use seasonally, boats have their “peak” period at which time the prices are generally higher and that is the summer time. Since many of us want to enjoy the sunshine and all that, dealers generally hike the prices during that period of the year. When winter dawns, however it is a different story; boat prices are much lower at that time of year as dealers don’t want to go through the hassle of boat storage so they are even willing to go lower than asking price. So if you can, wait until winter to buy.
There are websites where you will find boats for sale and they are generally good finds that are up to more than half off what you would pay if you were to buy from a dealer. There are downsides to this however; you are buying blindly so you are not 100% certain of what you will end up getting and chances are that you will end up driving for many hours to pick up your boat.
Buying a boat on the east coast may end up saving you thousands of dollars but you must