RIB Depreciation

[Tim in Yorkshire]

Out of interest how does RIB depreciation usually go? I guess over the first few years it depends on age, and the shifts to condition, any rough rules of thumb out there?

[willk]

Originally Posted by Tim in Yorkshire

Out of interest how does RIB depreciation usually go? I guess over the first few years it depends on age, and the shifts to condition, any rough rules of thumb out there?

Your assumption is probably bang on the money. It's certainly not a rule across all boats, but:

Deduct VAT
Deduct 10% per annum.

After year 5-6, condition is King

Looking at used boat ads, you'd swear the things rose in value. However, you'll find the same ads sitting for months and sometimes years.

[jambo]

Originally Posted by willk

Your assumption is probably bang on the money. It's certainly not a rule across all boats, but:

Deduct VAT
Deduct 10% per annum.

After year 5-6, condition is King

Looking at used boat ads, you'd swear the things rose in value. However, you'll find the same ads sitting for months and sometimes years.

Aw well that s me buggered for a trade in

[willk]

That reminds me - a coat of antifoul will make a trailerable boat either harder to sell or worth a little less, depending on how you look at it...