Craigslist Used Boats For Sale In Va (2024)

FAQs

Do boats have good resale value? ›

The depreciation curve is particularly steep in the initial years of ownership, with some boats losing up to half their value within the first five years. However, assuming the boat is well-maintained, value retention tends to improve, and the rate of depreciation generally slows down after this period.

First off, the age and condition of your boat are clearly essential components on the value of a boat. Just like with cars, newer boats generally command higher prices. However, a well-maintained older boat can still grant a good price, emphasizing the importance of regular upkeep and maintenance.

The biggest single determining factor in just how much a boat's value will vary when measured against other boats of the same type and age is its condition. This includes both mechanical and cosmetic conditions. Obviously if the engine doesn't run, you have to expect to price your boat at a fraction of the competition.

The top boat brands listed above include those that are the most reliable and well made. As a result, some of the most reliable boat brands include Azimut Yachts, Boston Whaler, Ferretti, Princess, Sunseeker and Viking, among others.

Boat Values Are Unique

Much like the Kelly Blue Book is used for valuing automobiles, there are three main price guides used for valuing boats: NADA Marine Appraisal Guide, BoatWizard's SoldBoats database, and the ABOS Marine Blue Book.

Update Your Appliances

Adding a fridge or freezer gives your boat that upgraded appeal. You can also add a marine ice maker or replace any older model appliances to improve comfort and convenience on deck and add to your boat's resale value.

But sales of big, new, fun stuff fell in 2023 to the lowest level in a decade: boats down 5%-25%, depending on the type, and RVs down 20% year over year, according to Recreational Vehicle Industry Association and National Marine Manufacturers Association year-end reports.

depends. If you are asking financially, a boat is almost always a poor investment. But if you're asking for yourself, and how you want to spend your free time and your recreation dollars, look more closely at the costs versus what being on the water is worth to you.

When asking which boats hold their value, depreciation plays a major role. Expect at least 10% to 15% depreciation over the first year, if the boat was purchased new. After that, a boat will typically depreciate about 20% to 30% by the fifth year and a total of 30% to 40% by the tenth year.

Boats also depreciate, so unlike with real estate that has a history of appreciating over time, you're going to be left with a vessel that over time, is worth less than what you paid for it. In fact, most boat owners take a financial loss when selling their boat.