We start with hard market data, relying on sales reports from a nationwide network of boat dealers and yacht brokers, covering not just the description and condition of the boat, but a long list of accessory items as well. Taking those sales reports, we apply a series of formulas that modify the raw numbers, resulting in the listed boat values that appear in the BUC Used Boat Price Guides. The formulas for each boat/yacht manufacturer, combined with historical data, are then used to adjust the retail boat prices published in the previous boat price guide.
Other variables that are factored into each boat listing include the engine type and size, fuel, and the current economic climate in general as well as the market for luxury items. Unlike other boat price guides, BUC separates the boat sales reports into seven geographical areas of the U.S. and Canada to more accurately reflect the variances in boat prices in different locations.
Just as in the automobile world, used boat/yacht dealers and bankers rely on these books to set their retail boat prices, to figure boat trade-in allowances, and to determine the amount of a boat/yacht that can be financed. Insurance agents use the BUC Book to set the premiums and values for their clients, and the Internal Revenue Service and marine surveyors rely on them for guidelines in their evaluations