Sales Estimate of Fair Price ?

[DanOnTheRiver]

My neighbor lost his pontoon boat during the last hurricane and since we rarely use our 2019 18' 188SLVDN boat with a Yamaha 40HP engine, I'm thinking of selling it to him. I paid close to $20,000 and have less than 50 hours on the boat. I don't have a trailer and was wondering about a fair price. I added a Bimini to the front and that's the only extra on the boat. My boat's in great condition. Any suggestions on a fair price?

 

[Jack M]

Check here . Please remember there is a No selling of boats or motors on the forum .

https://www.jdpower.com/boats

 

[DanOnTheRiver]

I'm just looking to the members for a fair price. There is no intent to sell on this site. Please remove my question if it's in violation of the forum rules.

BTW - JD Powers came back with what seems to be a ridiculously high price compared to what I paid. I can't imagine that my boat has appreciated in value?

 

[Jack M]

Check the link in my comments , that will give a price

 

[CLDave]

I'm just looking to the members for a fair price. There is no intent to sell on this site. Please remove my question if it's in violation of the forum rules.

BTW - JD Powers came back with what seems to be a ridiculously high price compared to what I paid. I can't imagine that my boat has appreciated in value?

Depending on your location prices are still incredibly strong in the used market. My boat shows more than what I paid for it new in 2021 on the JDP site. Don't undersell the value - also check Facebook and Craigslist to get comparables. You'll probably be surprised how much it's worth.

 

[Jack M]

In 2021 ,I sold my 2020 for more than my purchase price .

I'm just looking to the members for a fair price. There is no intent to sell on this site. Please remove my question if it's in violation of the forum rules.

BTW - JD Powers came back with what seems to be a ridiculously high price compared to what I paid. I can't imagine that my boat has appreciated in value?

 

[Vikingstaff]

Don't undersell the value - also check Facebook and Craigslist to get comparables. You'll probably be surprised how much it's worth.

FB Marketplace and Craigslist would also be my go to as they are going to really give you real market numbers in your general area or region. It’s somewhat like cars right now. The extremely high new prices are really bolstering used/pre-owned prices.

 

[DanOnTheRiver]

FB Marketplace and Craigslist would also be my go to as they are going to really give you real market numbers in your general area or region. It’s somewhat like cars right now. The extremely high new prices are really bolstering used/pre-owned prices.

You might be right and I was very surprised. The low price for my boat is $10,000 more than I paid, almost 4 years ago.

 

[Vikingstaff]

Seems crazy, right!?!

 

[Potomacbassin’]

What's it worth to him? To you?

To some extent it doesn't matter what the market says since you've selected your buyer already, I'm sure you can come up with something you're both comfortable with.

Part of the answer also is if you plan on buying another boat, or if you are done with it (for now). I sold a sports car years ago and while it was my dream car, it was time for it to go. KBB and all the other resources out there were good data points, but at the end of the day I had to get rid of it ASAP. I got what I got and that was fine - the bigger win was that it was out of my life before the warranty burned off and the endless stream of blank checks to the dealership would have begun.

 

[goldnrod24]

I sold a sports car years ago and while it was my dream car, it was time for it to go. KBB and all the other resources out there were good data points, but at the end of the day I had to get rid of it ASAP. I got what I got and that was fine - the bigger win was that it was out of my life before the warranty burned off and the endless stream of blank checks to the dealership would have begun.

If you don't mind me asking, what was the "sports car?" I did a similar thing 2 years ago. I owned my dream car, a 2021 Dodge Charger Scat Pack. I was a new widow with rapidly changing dreams and income. It turned out that in the middle of the new/used vehicle availability "crisis," I was able to recoup nearly all of the money I had spent on the car and its many upgrades. It was a once in a lifetime seller's opportunity and I seized it.

In the end, it's all just "stuff." Sorry to the OP for veering off topic. ;-)

 

[Potomacbassin’]

If you don't mind me asking, what was the "sports car?" I did a similar thing 2 years ago. I owned my dream car, a 2021 Dodge Charger Scat Pack. I was a new widow with rapidly changing dreams and income. It turned out that in the middle of the new/used vehicle availability "crisis," I was able to recoup nearly all of the money I had spent on the car and its many upgrades. It was a once in a lifetime seller's opportunity and I seized it.

In the end, it's all just "stuff." Sorry to the OP for veering off topic. ;-)

Sorry for your loss goldnrod.

Mercedes E63s, almost 600hp stock. Had a lot of good times with it including a not-so-legal or intelligent high speed rip coming home from Smith Mountain Lake that probably should have killed me.

She was seeing the dealer more and more frequently and with the warranty running out it would have eaten my bank account like a school of piranha. No regrets but it was time for her to go, and probably my last MB.

I'm sure your Charger was a lot more reliable!

 

[BigKahuna]

My neighbor lost his pontoon boat during the last hurricane and since we rarely use our 2019 18' 188SLVDN boat with a Yamaha 40HP engine, I'm thinking of selling it to him. I paid close to $20,000 and have less than 50 hours on the boat. I don't have a trailer and was wondering about a fair price. I added a Bimini to the front and that's the only extra on the boat. My boat's in great condition. Any suggestions on a fair price?

Check out nadaboats or kbbboats.....

 

[LaurencetheAdventurer]

I am constantly valuing assets - always look for places that have lots of listings: BoatTrader.com (call to see how long on market, track them), local Bennington Dealers used inventory (higher value limit), and a quick google search (popsells.com has 24 Benningtons). As noted, facebook and craigslist can be an excellent local source - though generally not a lot of listings, and the other great recommendations above. Then rebuilt your Benny to see what they go for new. About 2 hours of work - you will have a great range of actual value.