Just curious what other peoples take is on this. Do you think the NADA guide is undervaluing Sea doo boats? As I mentioned in another thread we are looking at getting a new leftover 08 Islandia and one of the problems we have ran into with financing is that the 08's are valued at like $19500 trade in value so no one is wanting to loan anything near the actual cost of a leftover 08. We have pretty solid credit and our bank is willing to go 115% of trade in value but that still would leave us with about a 15k down payment.
It just seems hard to believe that a 45k boat is only valued around $20k after just two years. Talk about depreciation. I can see why there are still quite a few new 08's around unless Sea Doo is financing a lot higher that what normal lenders are I don't see how dealers are moving these things.
It just seems hard to believe that a 45k boat is only valued around $20k after just two years. Talk about depreciation. I can see why there are still quite a few new 08's around unless Sea Doo is financing a lot higher that what normal lenders are I don't see how dealers are moving these things.