used boat valuation??

[Bigtalljv]

I know this is a very open ended question but I need any help I can get.

I am looking to sell my old RIB to finance the rebuild of the new one. It's a like new 20' Caribe with a 90HP honda on it. I know what I paid for it new and it's 11 years old but it looks brand new. I've got a custom cover for it and upgraded to hydraulic steering, single axel trailer no brakes. It's in really good shape, it still looks looks very new. Is there any way to guess at a fair price? I a new one will cost you US $20K+ What's a reasonable value loss from new? 30% 50%?? I posted it at what I thought was a high price and got two very quick responses from people. Makes me think I'm not scaring people away. I'm not looking to gouge but I don't want to give it away.

Thanks,
Jason

[Poly]

In the UK that boat would probably only be worth about 30% of its original price (i.e. a 20k boat after 11yrs would (based on sweeping assumptions) be less than 7k even if it was tidy). Obviously the US market may be completely different.

[Bigtalljv]

OK, good to know. I can't imagine that things could be several orders of magnitude different here. I will go with my original plan.

Thanks,
Jason

[jyasaki]

It'll sell for whatever the buyer is willing to pay. Ask for more than you expect to get, and let em haggle you back down. And don't be surprised if it sells for less than you think.

Luck;

jky