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Old 07-08-2006
LyleRussell LyleRussell is offline
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Boat Prices/Boat Values-Fiberglass

OK guys I just read your thread about valuing a steel boat. How about a fiberglass one. What multiplier does one apply to the asking price to come up with a good offer price? .85 .75 . My broker thinks .95 of asking on every boat, is appropriate!

I have tried using NADA or asking my insurance company for what they would insure a particular boat. But that results in offers that no one seriously considers.

Yes, condition affects the multiplier, perhaps .9 for a perfect boat ??

Equipment is another factor. With new sails and electronics, do we multiply by .85

Time on market is another factor? If on the market for 2 years would .75 be appropriate?

I think size might be a factor, a 225,000 44 footer might have a lower multiplier than a 115,000 37' ??

What do you folks think?
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