Hi just a quick question I have come across this boat and they are asking $17000.00 but JD Powers is showing it to be valued at $12000 in average condition $10000 in Low condition. Should I go by that or not? I don’t want to get in a predicament that if I need or want to sell it I can’t get close to my money back. Thanks in advance
Looking to buy a 1998 signature 270
- Thread starter Harry
- Start date
From my experience, book value on boats has to be taken with a grain of salt. Boats hold their value so much better than cars. To me, it seems NADA and others depreciate them like cars. I paid more than book value for my current boat, and for two of the boats I bought in the past. One of them was a 20 year old 50' Gibson houseboat. When I sold it it was 27 years old. I sold for 18% less than I bought it but still sold for more than 'book' value.
The other one I paid over book for was a Force 235 Baja. I had it 17 years and put over 1500 hours on it. Fantastic boat. The 454 motor blew up and like a dummy I traded it even for a corvette. A poor trade on my part.
I hope this helps a little bit. Paying more than book is common. Selling for close to what you pay for it will depend on how long your keep the boat.
The other one I paid over book for was a Force 235 Baja. I had it 17 years and put over 1500 hours on it. Fantastic boat. The 454 motor blew up and like a dummy I traded it even for a corvette. A poor trade on my part.
I hope this helps a little bit. Paying more than book is common. Selling for close to what you pay for it will depend on how long your keep the boat.
Thank you for your input, I just sold my 2003 Sea Pro bay boat that I bought last year. I paid $12250 and just sold it for $14500 and it should that was booked at $10000. I guess at the price I sold it for was still too low because I come across them on market place going for upwards of $16-$17 grand with original outboard which is only a few thousand under what it sold for new
My daughter and son in law are looking to upgrade from their 95 four winns 200 horizen. So we've all been looking at used boats. New boats are out of the question. As are nearly new ones. But you can find a 15 or 20 year old boat with low hours that has been taken care of. Many owned by someone who did not have a dock and had to launch and retrieve each time they boated. This keeps the hours low. Not easy to find and you have to be patient but it's doable.