NADA is a "guideline" for values and not a final say on actual resale value. There are many other sites; BoatUS, BUCvalue, American Boating and even boattrader to check other prices on and then use them all to get an average. But you must know all the amenities a boat has to get a true value.I have been checking used boat values on nada guide and they always show pricing way lower than what people are asking. Is there a better site to use that I have not found? Thanks
Banks will lend on an "average" resale value, but not usually on anything more than 10 years old. With more expensive boats will most likely require an appraisal too. But an appraisal does not guarantee "actual value".... 'market conditions' provide the value....Don't the banks look at NADA too? They probably only loan off that published value less 20, 30, 40%. Asking prices are higher because sellers are so upside down or the think its worth more.