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New Non-Current Added to NADA Guides

The addition of new language to the NADA Marine Guide (published by NADA Appraisal Guides) will offer a more accurate value on its listings of new non-current boats....

The addition of new language specifically calls out a more accurate value of new non-currents and comes in response to the issue of banks de-valuing new non-current boats as a result of consulting pre-owned listings in the NADA Marine Guide. When determining the value of new non-current boats, banks have only been willing to finance these boats at an inaccurate pre-owned price, much less than the new non-current price. As a result, boat dealers and buyers have been unable to secure proper financing, ultimately deterring the purchase of new non-current boats by qualified buyers.

The inclusion of this new language can be found in the January-April edition of the 2010 NADA Marine Guide.