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Old 07-04-2010, 09:41   #31
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Originally Posted by Pblais
Marketplace forces are always fair and you don't need to know why - if you sign. If you sign, it means it was fair. Only a fool would do otherwise. It's not about the other guy it is about you. It's the only perspective when it comes to capitalism. It's about you!
Well put!

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Old 20-04-2010, 08:41   #32
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NADA, BUC, etc..

I just wanted to add my experience to this as well. You can not make a solid assumption using NADA. The prices are usually way on the low side on fair market values. As a marine surveyor I use several sources (NADA, BUC,, ABOS) and do the research based on that make and model vessel selling or sold in the last 12 months in that section of the country (Like from Florida to Louisiana - for instance if it is a boat valuation in Fort Lauderdale, Florida). Then you average those price variables together based on the vessel's equipment, overall condition, etc. Using just one or two sources will get you an inaccurate fair market value.

Capt. John Banister, AMSŪ
SAMSŪ Accredited Marine Surveyor
Palm Beach Gardens, Florida
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nada, price

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