Is there such a thing as a hot tub “blue book” value on a used hot tub? The simple answer is no. Unlike cars, where brand, model, mileage, age, and condition are key factors in determining used values such a formal and widely used method doesn’t exist in the hot tub industry. Mostly because the auto industry is much larger than the hot tub industry and because the used market for cars is infinitely larger than the used market for hot tubs.
With that said, there are similar approaches to valuing used hot tubs as there is to valuing used cars. Things like brand, model, age, and condition do matter but they matter less. For example, a good condition 10 year old Hotspring Spa that was $14,000 when new isn’t going to necessarily be worth more than a 10 year old Artesian Spas that was $9000 when new. Both hot tubs would likely have a residual value of say $2000-3000.
Furthermore, hot tub trade-ins also share some similarities to the auto industry. In the same example given above for the Hotsprings Spa that has a private party used value of say $3000 might only fetch a $1000 from a dealer if it is traded-in. If the Hotsprings is traded in to a Hotspring dealer then they might be willing to pay a little extra (say $1500) for the hot tub because it’s consistent with their brand and parts are easily available. Also, some buyers who might come into a Hotspring showroom might love the brand and quality but decide that the new model price is too much and a good condition used model might be just what they want.
With that said, used tubs also act like used cars in that they are typically more expensive if purchased from a dealer versus from a private party. The benefit of buying used from a dealer is the peace of mind that it has been tested, repaired, and in good working order and most likely with a short warranty in case there are any problems arriving after delivery. With that said, we would recommend purchasing from a dealer as the assurances given above are worth the small premium you would pay a dealer versus going private party.
For more information you can visit our brands pages, buyers guides, or simply fill out our “Free Local Hot Tub Quotes” form to get competitive prices on hot tubs and swim spas in your local area.