Jokybo
No!! NADA is a joke as far as its prices go. The market has always been based on comparibles as with Real Estate, Autos, Motorcycles, etc. The market is flooded with bank owned boats and owners that are upside down on larger boats. Now the banks wont loan money on used boats without a perfect credit history and they want some skin in the game with a large down payment. Nada and BUC were forced to lower all prices significantly. You take a person who just bought a 30' and up boat and put down 10% and financed for 15 to 20 years one to two years ago is upside down already.
Because of the dealers profit and the soft market for used boats that people cant afford to keep, the new owner has to take money to the table when selling or just let the bank have it back. And this has hurt resale value. Especially with Boat manufacturers going under. Some banks are afraid "who will want to buy it now if they are out of business" and who will the be the next to go.
You look on Yachtworld, Boat Trader, etc and see what Dealers are asking for boats and try to buy one for Nada, they will show the door quick. The only good deals being made at Dealers is on older new leftover stock only. Hardly any dealers have boats in stock because of loss fo sales and high floor plan costs, if they can get a floor plan.
Dont get me wrong, it is definately a buyers market right now and some prices are very negotiable but with in reason. Dont be afraid to negotiate low at first. With these economic times some folks are just trying to cut discresionary spending and may take a lot less because they either own the boat or have a lot of equity in it. Some folks right now are faced with marina fees, slip rentals, storage, insurance, upkeep, etc as well as the boat payment and just want to be out of now. Especially with boats under 40K and over 80K.
Keep looking and making offers based on comparibles and new leftover boat prices and you'll do just fine.