Anyone ever plotted a depreciation curve for their ( or any other) boat?

[blackbeard]

Assuming that your intention is to find out how much your boat is costing you:
don't forget the loss of interest on capital. For instance, if you pay £50,000 for your boat, that's £50,000 less in your bank account. If your bank pays 5% interest (ever the optimist!) that's £2,500 interest per annum you are not going to get. On the other hand, if you have to borrow money, the interest you will have to pay on your loan is probably going to be a bit more (a lot more if you have to stretch a credit card!) , so your loss will be correspondingly greater.
That's per annum. If this goes on for, say, 10 years, then your loss becomes £25,000 if you don't have to borrow, and correspondingly more if you do.
(If you are good at maths you can include the effect of inflation.)

If you have to do this sort of calculation, you probably can't afford it.

And with that happy thought ....

 

[pvb]

Assuming that your intention is to find out how much your boat is costing you:
don't forget the loss of interest on capital. For instance, if you pay £50,000 for your boat, that's £50,000 less in your bank account. If your bank pays 5% interest (ever the optimist!) that's £2,500 interest per annum you are not going to get. On the other hand, if you have to borrow money, the interest you will have to pay on your loan is probably going to be a bit more (a lot more if you have to stretch a credit card!) , so your loss will be correspondingly greater.
That's per annum. If this goes on for, say, 10 years, then your loss becomes £25,000 if you don't have to borrow, and correspondingly more if you do.
(If you are good at maths you can include the effect of inflation.)

If you have to do this sort of calculation, you probably can't afford it.

And with that happy thought ....

Thank you for that happy thought! I did the calculation about 20 years ago, and promptly sold my Westerly Corsair. Then, inevitably, nagging doubts started in my mind. Obviously I'd done the wrong thing. So I went out and bought a Hallberg-Rassy. Now I've sold that and have a new boat on order. Life's too short to calculate the cost of everything.

 

[Bathdave]

Assuming that your intention is to find out how much your boat is costing you:
don't forget the loss of interest on capital. For instance, if you pay £50,000 for your boat, that's £50,000 less in your bank account. If your bank pays 5% interest (ever the optimist!) that's £2,500 interest per annum you are not going to get. On the other hand, if you have to borrow money, the interest you will have to pay on your loan is probably going to be a bit more (a lot more if you have to stretch a credit card!) , so your loss will be correspondingly greater.
That's per annum. If this goes on for, say, 10 years, then your loss becomes £25,000 if you don't have to borrow, and correspondingly more if you do.
(If you are good at maths you can include the effect of inflation.)

If you have to do this sort of calculation, you probably can't afford it.

And with that happy thought ....


With respect, What was behind my question was not this at all, but trying to form a view on what a forward-look on relative depreciation would inform a buying decision on different buying options.

I guess I did not get a wider range of factual inputs as I hoped, but I have made my choice, perhaps based on my own pre-conceived view, and have gone for an older (12 years) " quality" boat in the belief that it will cost me less in future depreciation plus repairs, plus the other benefits I envisage.

Time will tell

 

[pvb]

With respect, What was behind my question was not this at all, but trying to form a view on what a forward-look on relative depreciation would inform a buying decision on different buying options.

I guess I did not get a wider range of factual inputs as I hoped, but I have made my choice, perhaps based on my own pre-conceived view, and have gone for an older (12 years) " quality" boat in the belief that it will cost me less in future depreciation plus repairs, plus the other benefits I envisage.

None of us has a crystal ball to predict the future, but if you've bought a 12-year old "quality" boat, you should fare better than most. At 12 years old, you may well be getting to the point where a number of the boat's systems need replacing, or at least serious maintenance. Even though it's a "quality" boats, the gear on it is essentially the same as you'll find on most AWBs. However, the relatively small numbers of "quality" boats mean that retained values can be good.

After a number of new Westerly yachts, I bought a 5-year old Hallberg-Rassy, kept it for 19 years, and have just sold it for 85% of what I paid for it. OK, depreciation means the money I got back won't buy another 5-year old HR, but it's much better than most boat resale values.

There's also an intangible added value in pride of ownership, something the AWB owner can't experience to the same degree.