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Old 11-13-2017, 06:46 PM
cmitchell12 cmitchell12 is offline
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Depreciation of a USED MasterCraft

Example:

If I was to purchase a 2015 x23 for 100k today, what would that boat be worth in 5 years?

I understand people take large hits when buying new, but what about when buying used. Where is the best time frame to buy? When one is 3,4,5...years old? etc. Keep for 5,6,7...years and then sell?
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  #2  
Old 11-13-2017, 06:57 PM
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Hard to say for sure, but $70-75K would be my best guess. Maybe more if the price of new boats continue to increase at their ridiculous rate.
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  #3  
Old 11-13-2017, 07:18 PM
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I would almost venture to say the used depreciation on an Mc is worse than new. My main reasoning there, is that the 3rd owner does not get to transfer the warranty.


With that in mind, I tend to say 4-500 hours is the sweet spot before I would bail on a newer boat.
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  #4  
Old 11-13-2017, 07:53 PM
spenchey spenchey is offline
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My family's first ski boat was a new 2006 tige we purchased new for 42k in the winter of 2005 we sold it this summer with 650hrs on it for 32k.

I bought a used 13 xstar last december at a damn good price. Like previously mentioned if new prices even stay where they are right now there is always good demand for a well taken care of used boat
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Old 11-13-2017, 08:00 PM
jgraham37128 jgraham37128 is offline
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Quote:
Originally Posted by cmitchell12 View Post
Example:

If I was to purchase a 2015 x23 for 100k today, what would that boat be worth in 5 years?

I understand people take large hits when buying new, but what about when buying used. Where is the best time frame to buy? When one is 3,4,5...years old? etc. Keep for 5,6,7...years and then sell?
If itís well taken care of it wonít lose much value. Think in 5 years a new 2023 will probably msrp for close to 300k.....
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Old 11-13-2017, 08:43 PM
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Quote:
Originally Posted by jgraham37128 View Post
If itís well taken care of it wonít lose much value. Think in 5 years a new 2023 will probably msrp for close to 300k.....
BAN HIM!!!!!!



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  #7  
Old 11-13-2017, 08:52 PM
kwoody51 kwoody51 is offline
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Quote:
Originally Posted by ap77 View Post
Hard to say for sure, but $70-75K would be my best guess. Maybe more if the price of new boats continue to increase at their ridiculous rate.
I think ap is pretty close and totally accurate that it will depend on economy and value of new boats. I struggle to see it holding value as that would assume some crazy boat price inflation which would also mean crazy economy improvements. Not to turn this thread political but don’t see that happening...

While not totally accurate pick a boat that exists today and 5 years ago and compare prices to see value/ inflation of new. I think boats that cost more initially have a larger risk of a drop as you have a smaller pool of buyers and those with more $$$ may just go new vs a slight discount to new.

Somewhat related I also think that any solid, nicely cared for boat will have a price floor that regardless of age won’t go below. As as example it seems ~10+ year old v drives are around $40k if well cared for - very generally speaking...
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Old 11-13-2017, 08:58 PM
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Originally Posted by Shaun R View Post
BAN HIM!!!!!!



🙂
hate to say but agree with the previous post!!!!I would be hard pressed to sell my 07 x2 with GSA and stargazer and huge ballast system for less than $40K
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Old 11-13-2017, 09:41 PM
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FoggyNogginz FoggyNogginz is offline
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I think the sweet spot is to buy in the 30-40K range quite honestly. The MCs in this range are holding their value very well because more people have this kind of money than those who are writing checks for new ones, and since the new boats are continually more expensive, it keeps the ones under 40K holding really strong. I bought my last one for 55K and sold it for 45K four years later. Before that, I bought an X9 that I kept for five years and sold it for 6K less than I paid. Buying a new boat takes a much bigger hit, and how/when you buy has much bigger impact on TCO than when you sell. This is also how I just bought a 2017 for substantially less than new.
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  #10  
Old 11-14-2017, 09:32 AM
mwenger mwenger is offline
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Quote:
Originally Posted by FoggyNogginz View Post
I think the sweet spot is to buy in the 30-40K range quite honestly. The MCs in this range are holding their value very well because more people have this kind of money than those who are writing checks for new ones, and since the new boats are continually more expensive, it keeps the ones under 40K holding really strong. I bought my last one for 55K and sold it for 45K four years later. Before that, I bought an X9 that I kept for five years and sold it for 6K less than I paid. Buying a new boat takes a much bigger hit, and how/when you buy has much bigger impact on TCO than when you sell. This is also how I just bought a 2017 for substantially less than new.
There is a sweet spot on used in the 40k range. We bought our 2008 X-Star with 140 hours for $48500 and paid no taxes. We used it for 1.5 summers and sold it with under 200 hours for $48000. The hardest part is finding one super clean with low hours you know will sell to the person willing to come look.

Last edited by mwenger; 11-14-2017 at 12:30 PM.
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