Boat Depreciation Calculator
Boat Depreciation
Calculate your boat depreciation and current market value based on purchase price, age, condition, and type using standard marine depreciation curves.
Formula
Base Value = Purchase Price x (1 - Annual Depreciation Rate) ^ Age; Current Value = Base Value x Condition Factor x Engine Hours Adjustment; Total Depreciation = Purchase Price - Current Value
Frequently Asked Questions
How fast do boats depreciate?
Boats typically lose 10 to 15 percent of their value in the first year and 5 to 10 percent each subsequent year. After 10 years, most boats retain 30 to 50 percent of their original value depending on type and condition.
What boats hold their value best?
Center console fishing boats, quality sailboats, and well-known brands like Boston Whaler tend to hold value best. Pontoon boats and personal watercraft generally depreciate faster.
Do engine hours affect boat value?
Yes, high engine hours reduce value similar to high mileage on a car. Boats with under 500 hours are generally considered low-use. Over 1,000 hours on a gasoline engine may significantly reduce resale value.