Abos used boat values

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funinthesun

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In my quest for a new used boat, since Sandy totaled my old boat, I've come across a company called abos which is similar to Edmunds for used cars, in that it shows you actual purchase values as opposed to asking prices on boats.

My question is, does anyone have or know of access to this that they could run a few boats and year/model combinations for me?
It seems to be a service targeted at boat brokers.

Thanks,
Ed
 
Realize that all these things are the average, a real cream puff is not that, maybe worth twice as much.
 
To me, it would be imposible to determine the value of a boat based on past sales as the condition of those boats can make their values dramaticaly different and as JimPend has pointed out, a cream puff can be worth twice the average value and a boat in bad condition could very well not be worth the expense of hauling it off.
Very subjective and should be used with this in mind.
 
I am just a little skeptical of the sold $$$ numbers. As brokers are the source ----
 
Dave, thanks for the Buc tip. I think the data that Abos gathers is from motor vehicle registrations, based on sales tax paid..
 
quote:
Originally posted by funinthesun

Dave, thanks for the Buc tip. I think the data that Abos gathers is from motor vehicle registrations, based on sales tax paid..

Click to expand...

If that is the case, it's not worth the paper it's printed on, or the key strokes these days. You would be relying on people being honest with Motor Vehicles when they are paying their tax. Good luck wit that.
 
quote:
Originally posted by funinthesun

Dave, thanks for the Buc tip. I think the data that Abos gathers is from motor vehicle registrations, based on sales tax paid..

Click to expand...


Really....hmmm, let's see almost every boat I ever sell privately I am asked for 2 receipts. 1 real and 1, well you get the picture.

Those will be some low numbers!

To me it is very hard to guage used boat coats. Best bet is SOLDBOATS from a broker as I hear that is pretty accurate. I used BUCS and NADA as a guide. I think they both go based on the depreciation method.

Here is what i do, I know what the model I am looking at sells for new. I look at the used boat prices. Typical rule of thumb is most boats probably list out 10-20% above what they are actually worth. But again it's just numbers. You have to look at multiple boats to get a feel for numbers. What they are actually worth is irrelevant as its more based on what you will pay and what seller will drop his price too. Then there is the add-ons, clean, maintained, hours factors.

I find it's best to focus on a few modele, build a spreadsheet, throw out low ball offers, and see what sticks! Don't forget transport costs, sales tax, and make ready!
 
Soldboats is as close to accurate as you can get, I know from personal experience that at least the sold number I put in the database are real. I don't ever see a reason why you would inflate these numbers.... The broker didn't own the boat and it really doesn't matter what the end number of the boat sold for.

ABOS, NADA, and BUC all get their numbers from a variety of sources and one of them is soldboats. If they got their info from tax paid then the numbers would be so far off it would be incredible...not that anybody is admitting to tax "tweaking".

Boats are not like cars, every boats condition is completely different than the other unless they are brand new off the line. Condition and location plays a huge role, freshwater boats usually bring 10-25% more than a saltwater southern boat. The problem with the "books" is that even the editors do not know what a boat looked like or the owners financial situation was where they got their numbers. Soldboats enables you to look through the listings as they appeared online and you can then paint a picture of the situation. Generally if the number says it sold for asking price that is BS, but there are certain situations that its true.
 
370 MY has it right. The sold boats database is pretty accurate. YW will ban any broker who intentionally reports incaccurate information.
 
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