Quote:
Originally Posted by norsearayder
ill keep my boat...most of my money ive spent on wimin and boats ..the rest ive wasted...but realy all hobies can cost money& if u love what ur doin then continue on...life is short enjoy it while u can rayder
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I totally agree.
Quote:
Originally Posted by chucklesR
Boat depreciation averages, 6 percent year one, 3 percent per year after for 5 years, then it depends on maintenance and market, it's not a straight line.
A well maintained boat, bought cheap and fixed, doesn't depreciate at all.
Gemini's bought new in the 80's sell for more than the original price today.
Go figure 
That per BoatUS. |
"Depreciation. After the first season on the water new powerboats depreciate an average of around 10% and new sailboats about 5%. Used boats, however, may hold steady, or even increase, in value with a minimal amount of work or equipment improvements." boatusDOTCOM/guidenew/b_finding.asp
That's all I can find, do you have another link? Regarding that quote, thats pretty much what I've said. If you spend the money on upgrades and maintenance, you may see it in the resale price, but likely not near how much you've spent on expenses. Otherwise, you'll see it in depreciation. Most boats find themselves somewhere in the middle.
They say minimal... how is that defined? Rails? Bottom Cleaning? Zincs? Topside cleaning? Hank replacements or other sail issues? Engine issues? Battery Issues? What exactly is minimal maintenance and how much does it cost? I know if I leave my boat a few months the rails, bottom, zincs, etc all need maintenance. Every few years I have to replace my batteries. The sailmaker had to repair a hank I blew out. It all adds up.
Thats the part that people who haven't bought a boat don't know about, and thats why I wrote the article and thats why I started my blog... to help people understand.