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I realize booklistings are lower than fair market value, particularly for a pristine condition freshwater boat, but how much lower than retail - 5%, 10% generally speaking?
I find it ridiculous to input an 84 Montauk into Blue Book with 90 motor and have it spit out it is only worth $3K. I can't imagine selling my Montauk for anything less than half the value of a new 170....about $12,500 for example.
Thoughts? I have seen a few postings over time on this issue, but never really saw a very analytical answer to date.
With the rising cost of new boats, you wonder when the market is going to bust like the overvalued stock market or the dot.com boom. Everyone seems to be waiting for the real estate market next to fall....can boats be far behind?
