Going crazy over pricing...

I

itguy

New Member
Aug 23, 2009
8
Columbia, SC
Okay, I'm looking to purchase my first Sea Ray very soon but the NADA values seem to be much lower than the asking price. I was basically laughed at tonight by someone when I told them NADA valued their boat 6k less than the asking price.

Check this boat out:

http://www.boattrader.com/listing/2006-SEA-RAY-200-SELECT-95604658

They're basically asking 25k but NADA comes back between 15-18k. Am I doing something wrong or are they listing it that much more than NADA list?

I understand NADA is just a guide and some people will argue that but it is what it is...it's what banks use to set loan amounts, it's the value I used when I sold my boat last month.

Like my title says..I'm going crazy over this and I don't know if I'm doing anything wrong but these people are never going to sell the boat or I guess people that have cash won't care and pay what they're asking...
 
Price on that boat is reasonable. Love the black hull :thumbsup:

Don't expect to pay much less than this for a boat like this. The only thing I can tell you is that the Select and Sundeck lines are more expensive than the Sport line (205 Sport for example). Have a look at that, maybe pricing will be better? Sundecks are also a little cheaper than Selects.

Upon second glance at the boat you posted, it sounds like a great price actually. Very low hours. Also, we had a 220 Sundeck with the same engine, and it was great! It was a first boat and it was perfect :thumbsup:
 
looks pretty good to me.

Remember its only worth what someone is prepared to pay for it.

If you dont think its worth the money dont buy it.

Time will tell if someone else thought it was worth the money.

MAKE ANOTHER OFFER.
 
It's weird but I wonder if NADA pricing has been severely impacted by the economy.

Reason why I say that it is I checked my boat price last year and compared it to this year and the pricing severely dropped. SEVERELY! My boat is a few years older and I know it's toward the end of the depreciation curve. I don't put a lot of faith in NADA.

Doug
 
When shopping for my 280 earlier this summer I found a lot of owners and brokers that were divorced from reality based on the asking prices for their boats. I had one MM broker refuse to present an offer I made to his client. After I bought my boat with more options/lower hours for less than the offer he refused to present, I made sure the broker was aware of it. They are still listing that boat at the same price. These days so many people are in a negative equity position on their boats that they are asking the loan amount not the FMV. If you think the 200 Select is overpriced keep shopping. There are alot of boats out there and the season is winding down.
 
Thanks for the replies. It's not just this one boat but all boats have been priced like this from what I've seen this weekend.

A couple other people mentioned waiting another 6 weeks and the prices would fall even more. Of course, you could keep waiting forever and never buy because everything depreciates so we'll continue to look...make offers and if someone accepts they accept!
 
No such thing as a cheap Sea Ray (Grin). Pricing looks about right from what I've seen. I was helping a buddie of mine the summer find a 20+- Sea Ray runabout, like you I was surprised their was no nice 15K boats. We ended up finding a sweet 2006 205 sport with the bigger engine for 20K.
 
Don't forget that the NADA & BUC prices do NOT include the trailer. NADA is on the low side, BUC seems to be a better estimate right now.
 
Depending on the boat the trailer is included in the price. If the model has ** the price is included per the small print on NADA.

I'll have to check out BUC. Is it free?
 
Boat prices can vary quite a bit depending on region and specific location. Stick to your guns. In this market deals are out there. I wouldn't pay more than low retail NADA.
 
Yachtmaster. said:
Boat prices can vary quite a bit depending on region and specific location. Stick to your guns. In this market deals are out there. I wouldn't pay more than low retail NADA.
Click to expand...

It is collective advice like this that is driving the value of boats down. The 'bluebooks' are a compilation and average of actual sales. As a result, every time somebody 'sticks to their guns' and gets a deal based on a low ball offer, the value of that boat drops.

Henry
 
I would rather buy a good boat that's been taken care of for more money, than the cheapest boat out there.
 
When I sold my 250 2 1/2 years ago, NADA was around 34,000, but market value wasn't anywhere near that amount, I don't care where you are. I felt really good about getting over 26 for it, especially in hind sight. We got about 1/2 price after 10 years use. I'm comfortable with that.
 
TurtleTone said:
I would rather buy a good boat that's been taken care of for more money, than the cheapest boat out there.
Click to expand...

So will the next owner of my boat. That's who's going to get mine (unless I trade it).
 
Henry Boyd said:
It is collective advice like this that is driving the value of boats down. The 'bluebooks' are a compilation and average of actual sales. As a result, every time somebody 'sticks to their guns' and gets a deal based on a low ball offer, the value of that boat drops.

Henry
Click to expand...


Maybe so, but that is the free market. :grin:

In Alaska aluminum boats have sky rocketed in price because of the price of aluminum and the market for such boats. Here, you can get a glass boat for much less.
 
The ones who say make sure you 'buy low' are the ones who usually request top dollar when they sell.

Doug
 
Henry Boyd said:
It is collective advice like this that is driving the value of boats down. The 'bluebooks' are a compilation and average of actual sales. As a result, every time somebody 'sticks to their guns' and gets a deal based on a low ball offer, the value of that boat drops.

Henry
Click to expand...


Prices are down because people are losing their jobs and they have taken on too much debt. No one is forcing anyone to take a low offer. Additionally financing is very tight. There are simply fewer buyes. The law of supply and demand is at work.
 
Last edited:
You should buy that $15 - 18,000 boat that Nada has for sale.
 
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