Depreciation. How much can you get for your boat?

[TwinTip]

What would be the depreciation of total MSRP (which includes different options) for a 2005 Ski196 model that only has 20, 30, or determined number of hours on it? If it is not because the hour meter shows more than 2 hrs, you would think this boat just came off of the production line. There's not a scratch on it and the boat is spotless. Fresh water only.

Also, if this boat were to be sold by a dealer, what is the percentage or fee that one would have to pay, as a seller that is, at the time the boat is sold?

[jzwake]

RE: Depreciation. How much can you get for your boat?

The depreciation is hard to say for sure. Look around for 2004's and what they are selling for. This should be a good starting point. There won;t be many 05's for sale yet.

Most dealerships charge a 10% consignment fee for selling your boat. This is alway negotiable.

[Mikeski]

RE: Depreciation. How much can you get for your boat?

It really depends on the situation. In general in the boating industry the wholesale cost of a new boat is roughly 80% of retail sell price. Of course there are lots of variables that have a significant impact on the actual cost, like flooring, transportation, prep, etc.. With this in mind, the most I would guess your boat will be worth about 70% of retail value to a dealer, maybe more if you are buying another boat, maybe less if not.

JZ is probably pretty close with the 10% for consignment.

[TwinTip]

RE: Depreciation. How much can you get for your boat?

Thanks for the info. I'll start with these numbers in mind.