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Old 12-21-2004, 01:08 PM
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Default new boat depreciation

Hello,

Does anyone know the scale or rule of thumb for depreciation for the first five years of a boats life?

Thanks
JM
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Old 12-21-2004, 01:23 PM
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Default RE: new boat depreciation

Much of this depends on the boat and the condition. Every boat depreciates but the better one hold there value longer.
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Old 12-21-2004, 02:20 PM
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Default RE: new boat depreciation

Left unsaid is a the popularity of a particular boat brand which changes over time. There are a couple of brands that were absolute favorites 2-3 years ago, but now have slipped on the popularity chart. If you buy a boat moving up those charts the depreciation will be significantly less than if you buy one that is moving down the charts. It is a tough call, not unlike picking a winning stock to add to your portfolio.
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Old 12-21-2004, 08:21 PM
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Default RE: new boat depreciation

60% of orig value +/-. lots of factors though.
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Old 12-21-2004, 08:26 PM
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Default RE: new boat depreciation

All small boats depreciate at about the same percent, assuming similar maintaince.

15-20% first year
10-15% afterwards.
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Old 12-22-2004, 05:42 AM
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Default RE: new boat depreciation

This is of course you attempt to trade your boat on a new one - then your boat is worth nothing and no one will want it - just ask a dealer!!
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Old 12-22-2004, 06:29 AM
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Default RE: new boat depreciation

if trading up with boats is anything like cars, when they ask you "do you have a trade in?".....if you answer yes you end uo paying more for the new one but they give you a "generous" allowance for the old one.....sell the old one yourself if you can
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Old 12-22-2004, 08:13 AM
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Default RE: new boat depreciation

25-30% 1st year.
10% average, additional the next few years.
After that who knows. My old 1994 25 Contender has been selling for more each time I hear about it being sold the last couple years. Me 1995 42k, two years ago 47k, 6 months ago 48k
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Old 12-22-2004, 08:20 AM
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Default RE: new boat depreciation

A lot of it has to do with how good of a deal you made on your boat at purchase?

One thing for sure...don't expect it to appreciate.
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Old 12-22-2004, 08:28 AM
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Default RE: new boat depreciation

That explains why Gradys are touted to better hold their value. I have seen first hand a schedule more like
10% first year and 5-6% thereafter.
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Old 12-22-2004, 08:35 AM
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Default RE: new boat depreciation

I have always heard on the "Tier 1" boats, ie..., Grady, Scout, Edgewater, Pursuit, etc. 10% first year, then 5%/year thereafter.
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Old 12-22-2004, 09:48 AM
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Default RE: new boat depreciation

You can basically write off all the expensive electronics,radar and custom improvements after a couple of years. People pay little for good electronic and they are expensive to buy and install.
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