Posts: 2687
Location: Hayward, WI | sworrall - 8/21/2014 3:55 PM
The finance organizations use NADA.
Yup, that's true and it's too bad. It makes it harder to finance a boat deal than it should be.
I don't remember the figures, but the finance company was at least a couple grand short of what my boat was worth. I put a good chunk of money down on it, and still made a couple white lies about boat accessories it had to get the value high enough for them to finance. Didn't seem right, but I had a very good handle on the going rate for that boat at that time. |
