How to Find the Value of Your Boat Motor with Kelley Blue Book
If you are planning to buy or sell a boat motor, you may be wondering how to determine its value. One of the most popular and trusted sources for finding the value of vehicles is Kelley Blue Book (KBB), which has been providing car values since 1926. But does KBB offer values for boat motors as well
The answer is yes, but only for personal watercraft (PWC) such as jet skis and wave runners. KBB does not provide values for other types of boat motors, such as outboard motors, inboard motors, or stern drive motors. So if you have a PWC, you can use KBB to find its value by entering the make, model, year, and condition of your watercraft. You can also compare prices with other PWCs for sale in your area.
However, if you have a different type of boat motor, you will need to use other sources to find its value. There are three main price guides that offer values for boat motors: NADA Marine Appraisal Guide, BoatWizard's SoldBoats database, and ABOS Marine Blue Book. Each of these sources uses a different method of calculating values, which can vary significantly depending on factors such as location, condition, equipment, and customization.
NADA Marine Appraisal Guide
NADA Marine Appraisal Guide is a free online tool that provides values for boats and boat motors based on market data and industry standards. You can use NADA to find the average retail value and low retail value of your boat motor by selecting the manufacturer, year, model, and options. You can also adjust the value based on the condition of your motor and any additional equipment or accessories.
NADA also provides data to banks, finance companies, insurance companies, and government agencies. NADA values are updated monthly and reflect the current market trends and conditions.
BoatWizard's SoldBoats Database
BoatWizard's SoldBoats database is a subscription-based service that provides access to actual sales data from brokers and dealers across the country. You can use SoldBoats to find the sold price of similar boat motors that have been sold in your area or nationwide. You can also filter the results by date range, location, size, type, and condition.
SoldBoats is a useful tool for finding the real market value of your boat motor based on actual transactions. SoldBoats data is updated daily and covers over 600,000 sales records from the past 15 years.
ABOS Marine Blue Book
ABOS Marine Blue Book is another subscription-based service that provides values for boats and boat motors based on historical data and expert opinions. You can use ABOS to find the suggested list price, average retail price, and low retail price of your boat motor by entering the manufacturer, year, model, horsepower, and condition. You can also adjust the value based on the location of your motor and any optional equipment or accessories.
ABOS also offers the option to purchase a print guide, a CD, a data extract or online access to their database. ABOS values are updated quarterly and reflect the seasonal fluctuations and regional variations in the boating market.
Finding the value of your boat motor can be challenging due to the lack of a standard source like Kelley Blue Book. However, by using a combination of online sources such as NADA Marine Appraisal Guide, BoatWizard's SoldBoats database, and ABOS Marine Blue Book, you can get a good estimate of what your boat motor is worth or what you should pay for one.
Remember that these sources are only guides and not definitive appraisals. The final value of your boat motor will depend on several factors such as supply and demand, negotiation skills, and personal preferences. Therefore, it is always advisable to do your own research and compare prices with other similar boat motors for sale in your area before making a final decision. aa16f39245