How does NADAguides determine the value of pontoon boats?


Quick Answer

NADAguides determines the value of all vehicles and boats by using multiple data sources, including actual wholesale and retail transactions, listed asking prices, the manufacturers' suggested retail prices, and local economic trends. NADAguides' goal is to provide value estimates similar to the actual local trade-in and sale prices.

Continue Reading

Full Answer

Although they are well researched, NADAguides' value estimates do not and could not possibly take into account all the factors that influence the final sale price of a pontoon boat. Human factors, such as needing to make a quick sale or having a sentimental attachment, may influence the actual sale price of a pontoon boat. NADAguides uses regional data to estimate values, but supply and demand of pontoon boats may fluctuate locally, resulting in different sale prices within the region.

Buyers and seller can use NADAguides' values as starting points for negotiations, but actual sale prices often vary from NADAguides' estimates. For example, while NADAguides lists different values for boats in different conditions, the buyer and seller must determine the condition of the pontoon boat when negotiating the final sale price. Negotiations about the value and condition of the boat might favor the stronger negotiator, rather than accurately reflecting the condition of the boat.

Learn more about Water Sports & Activities

Related Questions