Re: Where's the depreciation?
Prices seem to be up on late model boats. How much depreciation taken on 2 and 3 year old boats these days?
2 Year old boat I just bought was:
$86,855 MSRP in 2012
$73,030 Actual sale price in 2012
$57,700 Actual sale price a couple weeks ago in 2014 (about 3K under NADA)
So there is still a ton of depreciation those first few years. I will say that for the same model boat I am seeing 2009-2012 in the same range as what I paid, so I think that the big depreciation hit has been taken. It also depends on when you buy. If you are willing to buy one in the middle of winter, you pay less.
Also, the 2014 version of the boat starts out over 90K - so that'll keep the used prices propped up some