S
ales people are constantly asked "What will my boat be worth in 5 year''s time?"
and unfortunately they always give the same answer....
"if I knew that, I would be investing in the stock market" as they are quite correct that it would simply be a prediction!
However there are some factors that you should always take into account that will allow you to make a more informed decision.
The sales margin that catamaran manufacturers pay to their dealers is significantly less than what dealers who sell monohulls or power boats receive so the depreciation a Buyer faces as soon as they take delivery of their new catamaran is instantly less than a similarly priced monohull or power boat. The availability of new catamarans is still fairly limited so most manufacturers have a significant waiting list for their products and this keeps the resale value of catamarans in the brokerage somewhat higher than other yachts. Each year the price of new cats tends to increase more quickly than the equivalent monohull so this also tends to help reduce the depreciation on brokerage catamarans. The general rule of thumb on a new boat is 15% to 20% depreciation in Year 1 with each subsequent year of around 10% until Year 7 when values tend to stabilize and fall only marginally after that. However with catamarans it tends to be closer to 10% in Year 1, 7.5% in Year 2 and 5% annually after that. After Year 7 the value is usually around 50% of the original purchase price.
The above FAQ was answered by:
Hugh Murray
President and Founder of The Catamaran Company.
Do you need more detail or perhaps have a general question?
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