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View Full Version : Depreciation According to NADA


NeilM
07-23-2004, 04:51 PM
This is blatantly stolen from another site (and a couple of months old), but I thought we need some good news. Here's a list of boats and their resale value, sorted from the LEAST depreciation percentage, to the most..

BriEOD
07-23-2004, 04:55 PM
Hell Yeah GO MC!

Stritt
07-23-2004, 06:24 PM
Neil, what's the criteria used? What year(I see MC is 02) all they the same? Is this after 1 year of ownership? Just curious. I will say that if this is a one year chart the CC is a little low. Of course I'm from Orlando.

NeilM
07-23-2004, 06:47 PM
oops... you're right.. they're all 2002's...

MarkP
07-23-2004, 08:56 PM
I know when I bought my Nautique I paid 6800 and sold it almost 6 years later for a couple hundred dollars more

89190
08-05-2004, 06:13 PM
Depreciation percentage is not a good indicator. I could buy a Million dollar yacht and sell it next year for $900K, I might loose $100K but it would only be a 10% depreciation.

Calculate the actual cost of buying and total cost/loss for first year of ownership. Assuming a $5K down and a 10 year, 7% loan, using the numbers in the chart

Boat------first year total loss--------first year cost--------monthly
MC--------$ 26,521.......................$ 15,268...................$ 530
Malibu.......$ 23,013.......................$ 13,063...................$ 411
Supra........$ 25,685.......................$ 13,430...................$ 430
Tige Rider...$ 25,115.......................$ 13,225...................$ 420
CC team....$ 33,768.......................$16,310.............. .......$ 585
Tige fox.....$ 27,835.......................$ 13,875....................$ 454
CC............$ 35,213.......................$ 16,345....................$ 586
Mobius.......$ 25,628.......................$ 12,358....................$ 373

First year loss being down payment, tax, loan payments and depriciation

First year cost being total out of pocket costs, Down payment, tax and loan payments

Montly being estimated montly loan payments

Looks like NADA has some bad information regarding the Correct Crafts.