I get calls or emails weekly from individuals that are in their final passage to boat ownership; finding and buying their dream boat. They want my counsel. And more often than not, most shoppers do not have a true understanding of used boat values and the prices they command. Most individuals are shocked to find boats cost as much as houses do. They are often taken back when I try to explain the reason a used boat is priced the way it is.
I want to give you a good idea of why used boats cost as much as they do so let's start from the top.
If you read other posts on my website, you will read about the absence of an official Yacht Blue Book. Yes, that's right, there is no such thing. There is one for automobiles but not for boats. If you call any used car dealer or bank in North America and name any production automobile, they will quote a value of within a few dollars of each other. This is due to the multi-billion dollar, organized wholesale car auction system. And there is also the Powerboat Guide, NADA and others that like to sell you their version of a boat Blue Book.
Read more at How Used Boat Values are Set
I want to give you a good idea of why used boats cost as much as they do so let's start from the top.
If you read other posts on my website, you will read about the absence of an official Yacht Blue Book. Yes, that's right, there is no such thing. There is one for automobiles but not for boats. If you call any used car dealer or bank in North America and name any production automobile, they will quote a value of within a few dollars of each other. This is due to the multi-billion dollar, organized wholesale car auction system. And there is also the Powerboat Guide, NADA and others that like to sell you their version of a boat Blue Book.
Read more at How Used Boat Values are Set
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