Rig Depreciation

[Big Julie]

Curious;

How much would a 620 Ranger package with a 115 Optimax (probably worth 43K) depreciate in a year?

[Guest]

I would say about 15-20% of that value within the 1st year

[Chris Haley]

Need a little more info to get real precise.

I assume it's a tiller??

If it is:

2004 620T average retail $23,490

2004 115 opti average retail $5,765

2004 20ft tandem trailer average retail $1,870

Total $31,125

Now if it's got trolling motors, depth finder, power brakes, travel cover, splash guards and anything else we love to put on them than the price goes even higher.

[Big Julie]

Chris;

Thanks for the response.

More info:

All 2004.

Tiller, yes.

trolling motors: the big one with power up and down on back and the big one with manual control up front.

depth finder X-18 in back and X-15 in front, both with gps.

power brakes; yes with the new axels.

travel cover; yes. wow are they nice.

splash guards; yes.

otherwise what else is there?

livewell front, baitwell back, but I would assume standard.?

bj

[Chris Haley]

Makes a little difference.

Average retail boat: $28085

Average retali motor: $5765

Average retail trailer: $2900

Total: $36,750

These are straight out of the NADA Guides book.

[Crankin619]

You might want to look on Walleye Central. There is a loaded up one with a F150 Yamaha and less than 10hrs for 33K. I believe colors are Green and Grey and it might be in the Pro Boat section.

[Guest]

I thought he asked how much it would depreciate after he bought the boat at retail after a year? Or did he mean how much it would cost USED versus New?

[Chris Haley]

Doesn't matter webby!! You were just about right on the nuts with your answer also!!!

[Crankin619]

I wasn't telling her to buy the rig just giving her a 1 year old rig price. I would not use NADA to try and get a boat value. Best to check WC or other sites and look at all the 2004 620T's for sale email and ask if they sold and for what price. If you are buying a new Ranger I would keep it a long time( more than 2yrs ) or you will pay dearly. My buddy took a 15K hit on his 03' 620 this year if you figure in taxes. Buy 46K sell 31K two years later ouch!

[Chris Haley]

I agree with you. The NADA Guides is a good indicater, the problem is WC. You get these pro boats that they get for a reduced price along with all the bells and whistles at pro staff prices and they run them for a year then sell for what they paid. Which is way less than we can get them for. My next boat will be a year old pros Ranger or Crestliner with all the bells and whistles. I expect to pay between 35k and 40k. If I was to buy this boat from a dealer and have it rigged the way they have theirs it would retail for 60K. That doesn't mean bigjulies boat is worth less than what it is though. Not everybody knows about WC, or wants to buy a pros boat however. Some people think that a tournament boat is run harder than a normal boat, and in some cases that is true. For all we know bigjulies boat only has thirty hours on it and isn't even broke in yet. That is worth more than a tournament boat with 350 hours of lake erie,devils lake, and mille lacs time in thirty mph winds.

[Crankin619]

That is how I found my 619. I wanted new but when I started pricing boats out I found out how crazy new prices were. After getting price quotes for 17-18' alum. boats fully loaded for over 30K I said I would buy used and get a whole lot more boat for the money. It did however take almost 6 months to find a boat exactly the way I wanted it.

[Big Julie]

Thanks a bunch guys, that about answers all my questions.