Have you seen the silly values NADA assigns to your boats?

From what I understand, banks issue a loan amount based on a % of the NADA "average value" (ex. 90% loan to value).

Using that logic, a 2010 Nacra Infusion Mk II is valued at $12,000 (I couldn't find an AHPC or Falcon). A 2006 Hobie Tiger is $7,100

those values seem a little low, don't they?

It gets worse as the boat gets bigger...

For a stock boat with original parts and no spares or a trailer, those values sound appropriate to me.

Ding! But I think you can price it with a trailer.

From what I understand NADA is what our county tax collector uses to get the value for boats, RV's etc.... for property assessment... If they are low.....well let's not let the cat out of the bag.

I agree...those prices aren't that far off. In fact, that's probably a little much for a 2006 Tiger. We paid $12,500 for our Infusion that was very well rigged but had no trailer and the sails were not very race worthy. That was two years ago and it was 2 years old at the time.

then why are you twerps asking so much more on Catsailor?

You have to start high!

Well, maybe I got ripped off...my 08' Infusion was $12k including road-worthy trailer (value = $500 IMO), but in like-new condition. When I was shopping there weren't lower priced options in equal condition, just older boats that were more beat up for slightly less money. Infusions are still competitive, long boards or short, so $10K seems to be a reasonable minimum.

Maybe I would pay $12K for a 2010 Mk. 2, maybe, that is a bad year for Infusions. Lets look at a 2011 Mk. 2 then. I don't think you can get into that boat for less than $16K including trailer, if you're lucky. A new Mk. 2 is ~$23K. Two years old, you're looking at new sails, so $23K-$4K = $19K. Subtract a few $K for wear and tear, add a new trailer, and $17-$18K for a 2011 Mk. 2 Infusion seems about right. Trouble is a lot of boats on the market right now, might be hard to move that...

Bingo!

The new boat price has outpaced the used market. New boat buyers at that level are not going to be able to keep selling their two year old boats for 85% of what they paid for them. I'm not going to spend $18k for a boat that needs work....but that's just me.

And there the other side of the coin, something is only worth what someone is willing to pay for it.

If I'm reading the NADA correctly, the average price included the trailer

It appears to include trailer in boats up to about the F-27 unless you've got a custom deal with twin axle and those hooptie rims..

I was thinking it was just an evil plot for banks to rake buyers over the coals...

If the NADA on Ding's tricked out F18 is $12,000 (with trailer), I've got to pony up the other $8,000 in cash.

Then the bank wishes hell and death upon me so they get a tricked out boat for little more than 50% of it's price...

I should have been a banker

1) New boats prices are rising much faster than inflation
2) It's become awful expensive to play this game.

I also think the days of buying a new boat instead of a set of sails for your 1 year old boat are coming to an end. It used to be that a set of sails would cost $3k but you could sell your boat and get a new one for a difference of $4k so a lot of people did that. I think it's at the point now where buying a new set of sails will start making a lot more financial sense to people than selling the entire boat and buying new again. I have no idea if it's good or bad for the manufacturer's bottom line but it will slow down the market.

Sail prices have been going up too...so who knows. Back in my day, I could buy a spinnaker for $800. (said with a slight whistle through my dentures when enunciating "s")

and coffee was a nickel?

No, I think coffee was still a dollar back then. New sail prices are a little high...paying for the expertise....I've really been thinking about building my own, a new jib shouldn't be too bad.