BrentJones
Member
I've discussed this before on SRO, but wanted to get some updated opinions. My 05 240 SD is a great boat, but I know in the near future I will want to upgrade to maybe a 280DA for my young son (and me :grin: ) or larger bow rider. I'm trying to figure out approximately how much it will depreciate per year vs. how much I will pay my loan down in the same period.
I currently owe about $46,000, so I'm guessing I might be able to break even at this point. I would like to keep it another year, but based on my monthy payments, I'm not sure if I will be upside down by next year. What do most of you think would be the average depreciation percentage per year?
BTW, I have the 6.2 engine and most of the normal upgrades, but don't have the tower. I would also sell my trailer with it, which I have only used 3 times! :smt013
I currently owe about $46,000, so I'm guessing I might be able to break even at this point. I would like to keep it another year, but based on my monthy payments, I'm not sure if I will be upside down by next year. What do most of you think would be the average depreciation percentage per year?
BTW, I have the 6.2 engine and most of the normal upgrades, but don't have the tower. I would also sell my trailer with it, which I have only used 3 times! :smt013