SailNet Community - View Single Post - What Is A Boat Really Worth?
View Single Post
post #35 of Old 07-18-2013
denverd0n
Senior Member
 
denverd0n's Avatar
 
Join Date: Jun 2008
Location: Tampa, FL
Posts: 1,119
Thanks: 0
Thanked 30 Times in 30 Posts
Rep Power: 8
 
Re: What Is A Boat Really Worth?

Quote:
Originally Posted by RobGallagher View Post
Most sellers or owners don't like to agree with NADA, but, in fact it is what it is. An accurate representation of what a boat is worth to someone who needs to get a loan.
But the real point is that a very large percentage of boat buyers do not get loans. That means that while NADA and lenders may set the limit that a small percentage of buyers can pay, they do not, and cannot actually set the market price.

As for using Other People's Money. Yeah. It's a great idea. But it does not work when you are buying a depreciating asset that will not be used for generating revenue. In that case, as hellosailor said, it is the bank that is using YOUR money--not the other way around.
denverd0n is offline  
Quote Share with Facebook
 
 
For the best viewing experience please update your browser to Google Chrome