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Old 06-20-2013
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Re: Initial Offer Question

Quote:
Originally Posted by Alex W View Post
Honestly I think the NADA Guides are pretty inaccurate. If it is a common boat then I wouldn't give them too much credit. You can try to use them for negotiating, but I wouldn't take them too seriously.

Maybe they are just incredibly inaccurate for my boat because they are mixing up sales history for both models of Pearson 28. They don't even have the measurements correct for my boat. The list of optional equipment makes no sense for smaller sailboats either.

I also did an estimate for a Catalina 25 and it's a little more reasonable, though the option list still doesn't make any sense. There is also no consideration for condition.
While I agree with some of what you say, it must be noted that if you are financing a boat the lender will start here for a value. Survey may get you to another number, but the key word is "might".

Unfortunately, it's one of those numbers that sellers think is crap, but buyers and finance companies tend to use.
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