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Is there a Kelley Blue Book for Boats?
Pricing a boat can be a nebulous equation that takes into account science, art and, of course, personal taste. The final price generally depends heavily on how much the buyer likes the boat versus how savvy the dealer is at forging a deal. It'd be great to have a starting point.
So, is there a Kelley Blue Book for boats? As a matter of fact, there is. Multiple options are available and while they vary a bit in price, they should at least give you a decent starting point.
If you want to get the best price possible for your boat, though, it needs to look its best. That's what we offer here at Better Boat. We have a full line of marine maintenance supplies, including soaps and tools to choose from including our amazing spray foam gun for boats and our best-selling Boat Soap.
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Maintenance is extremely important when it comes to the possibility of reselling. You can't undo decades of wear and tear overnight, so keep your boat looking great at all times.
At the very least, you'll want to quickly get scuffs and marks out with our boat erasers. These tiny little improvements can make a huge difference in the value you get for your boat.
No matter how great your boat is looking, there will be a bit of discrepancy in the price, which is up to you and the buyer or seller to decipher. We'll go over all of these options that you can use as a Kelley Blue Book for boats.
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There are some significant pros and cons, so we'll assist you in finding the pricing method that's right for you. Buying or selling/pricing a boat doesn't need to be difficult, and we'll make it as easy as possible for you.
Pricing A New Boat
New boats are relatively easy to price. The boat manufacturers or dealers will set prices. Values are based simply on size, brand, equipment and upgrades.
Condition won't become part of the equation here as a new boat will be pristine. And if it isn't? It's pretty easy to walk away and find a similar model and price from another dealer.
The location of the boat can become a fairly big addition to the price that isn't covered by any of the Kelley Blue Book for boats.
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Boats are generally delivered to common shipping points, but the cost of delivery to a final location will often be added into the final price of a new boat. New boats can be a deal if a dealer is looking to liquidate some inventory. There is also the option to add or remove equipment, which is nice.
Overall, I'd say that you'll probably be paying more than necessary for a new boat, so make sure to do your homework before you buy. The positive is that the Kelley Blue Book will have current pricing information readily available for newer boats.
Pricing A Preowned Boat
Preowned boats are much more difficult to get a decent price for. Used boats are almost never pristine, no matter how well they're maintained.
There are three overall categories that can be used to determine a boat's condition. From most important to least:
- Mechanical and Performance - such as engine hours
- The hull and the health of the deck
- The boat's rigging - the mast, boom, sails, stays and shrouds
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For one-stop shopping, consider an all-in-one boat cleaning bundle that includes boat soap, boat erasers and an adjustable foam sprayer.
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The easiest way to increase the value of your boat is by making it look better. First impressions are everything, and how it looks sets the tone for the rest of someone's inspection. Is the gelcoat intact? Is the wood or teak trim deteriorating?
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You can easily get more money for your boat by addressing these cosmetic issues, and as long as the engine and rigging are in working order, then you can get a huge return on shining your baby up to look her best.
The Kelley Blue Book of Boats
There are three widely recognized sources for boat pricing. I'll discuss each of them briefly.
The NADA Marine Appraisal Guide is absolutely my favorite of the bunch. It includes pricing for everything from motors to trailers and is used by banks, finance companies, insurance companies and even government agencies. Now that is accuracy you can rely on.
The next Kelley Blue Book of boats would be the ABOS Marine Blue Book, which has "blue book" right in the name. It's quite comparable to the NADA and is also used by a variety of institutions, but it's locked behind a paywall, which is why I don't suggest it nearly as often.
Overall, it has almost the exact same functionality, except that you need to pay for it. If you've got money to burn or you just really dislike browser ads, then it might be worth a subscription, but I suspect that most people will choose the free option.
Our last option for boat pricing is BoatWizard's Sold Boat Database. I personally can't attest to the quality of this one, as it requires an app download, and my phone is already filled with apps and pictures that I can't bring myself to delete quite yet.
From what I understand, it's based on the actual prices that boats are sold at, which leads me to believe the variation in pricing is much greater than what you'd find in one of the aforementioned boat Blue Books because of all the variables involved.
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Before you sell the house and commit to buying that boat as a floating apartment, it might be wise to check out what it is like to live on a boat. Remember, if you're selling your boat, don't cut corners when cleaning.
Cleaning your boat is the easiest way to get some extra money out of your sale. If you ignored cleaning while you owned the boat, now is the time to show it some love.
We have an entire range of boat cleaning supplies and boating accessories to make your life easier and put some extra money in your pocket. There's a reason we've been trusted by over half a million happy customers, 500,000+ in fact.
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Better Boat Exterior Cleaning Kit
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