Nada doesn’t really examine current market conditions either, which for watercraft is especially diverse this year with COVID.
As stated in the next post behind yours, it's delayed, but based on actual sales in dealerships. So it's as accurate as possible.
I noticed this helping buddies find AR210's this mid summer, compared to last fall. The value of these boats has gone up quite a bit due to the shortage. Also remember, this is based on actual sales, not asking prices. Asking prices are way high right now, as the market is there. But asking and selling are two different things.
Biggest tips to remember when using NADA: Yamaha boats are valued with the standard options, Trailer, Bimini, Tower, Stereo, etc. All the stuff it came with from the factory. Anyone that adds those items in, plus engine upgrades is adding value that has already been included.
When negotiating, it is important to understand what the MSRP was of the boat when new. (look at the excel spreadsheets on this site for help) Keeping in mind, they were released at MSRP in the fall of the previous model year. So as we see today, many 2011 boats were purchased at or slightly below MSRP in the fall of 2010. Anyone pricing a boat at or near MSRP that is over 3 years, or let alone 10 years old is on crack. There is no stereo, flooring, fins, window tint that will appreciate a boat back to MSRP. There is a tactful way of sharing that with an owner. As those upgrades only hold value to a buyer that plans on putting them in as well.
Those that are shopping, and plan to buy before the snow comes, this market is due to flip. And the delivery of new 2021 models at below MSRP (which folks are seeing) will kill this used boat market finally. If you are planning on selling, seeing all these crazy asking prices, good luck. There are buyers out there, but you better grab the ones with cash in hand now, as they will go buy the next one that will pop up quickly.
