Join Date: May 2006
Thanked 0 Times in 0 Posts
Rep Power: 11
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?