Boat values are based on a variety of factors. Each boat, like any other commercial or private vehicle has its own value depending upon its vintage, make, manufacturer, engine ratings and its overall condition.
For an expert in boats, the boat value is an important logic tool, which appears simple, but is comprehensive enough to give both buyers and sellers parameters to arrive at a reasonable price. Once you enter complete information about a boat, its year of manufacture, the company that manufactured, its condition, condition of its engine, you will arrive at a basic value or price of the boat at that particular stage of its usage. Also important in calculating the boat value are its accessories.
Boat value is determined not only by first time buyers or buyers of old boats but also by those who want to go for exchange, replacement or opting for a different kind of boat. For example, from a pleasure motor boat, you want to switch to a fish boat or trade your old boat with a more sleek and sporty boat, you will have to get the value of the old and the new boat you are trying to get worked out on a formula that is generally accepted in the boats trade.
The agreed value has to satisfy both the seller and the buyer.
Here at Crow’s Nest Yachts we have experienced agents also help you in calculating the boat value. We have experienced and versatile agents who are a great help in getting you the right value for the boat you want to sell, buy, replace or upgrade.
We have not only a strong and solid database but also sufficient resale information by keeping a watch or track of transactions taking place in the trade anywhere any time. If you are interested in finding out the value of your own boat please fill in our free appraisal form, and a representative from Crow’s Nest will call you back.