Well last year I bought a brand new 2013 Tracker 190PT.  After taxes and everything, these run around $20K-ish.  I've added an extra battery, spare tire, boat buckles and a few other things.  Boat is in great condition.

 

Well I came across a 2010 Z8 for about $23K.  He says it's only been used 20 times and has approx 50 hours on the motor give or take (computer said 40 hours a year ago so he's not sure where it's at now).  It has a 70 lb-ish 24v trolling motor on it and no major electronic upgrades. 

 

My question is, how much do you think my boat has depreciated?  Let's consider his boat to be in great condition as well (assuming it floats and all electronics work).  Do you think this is a good deal and I should jump on it?  I just feel weird going down from a 2013 to a 2010, but I really want a fiberglass boat for the Potomac. 

Check NADA.COM for your area. Just be prepared to take a serious hit and this late in the season, it will be even tougher to sell without taking even more of a cut. If you financed the whole thing on one of those long term notes you probably owe a lot more than it's worth.

Good luck. I bought a pro 165 which isnt as big or nice as yours but I tried to trade it in six months after purchase and they offered my a couple hundred more than half of what I paid. Needless to say I still have the thing..

Well everyone knows what we pay for these things. Ha. So the 190 brand new with taxes was around $20k. I owe about $15k on it. I'd be ok with just getting my money back.

Let me rephrase that. I'm looking to zero out my note.

I just bought a Lowe for about 20. They had a 2012 for 17.

If I were to guess I would say they would probably offer around 11-12k.

I don't think he's going to a dealer with it, unless he really want's to get ripped. You have to remember, a dealer has a huge overhead and may have to sit on it several months. When they do sell it, they are going to have to make a profit as well as enough to cover the expense, overhead and inventory taxes. Huge difference in what a dealer can pay for one and what an individual will pay. Just like trading in a car, you give them your old car and they sell you their car.

However, with all that said, he may have to cut it too almost what a dealer would give him to sell it this late in the season.

Yeah I would feel like I was getting ripped too much to take it to a dealer.  We'll see what happens.  I just feel like I can't pass up a 2010 Z8 for that price.

Man I can't imagine taking that much of a hit on the boat, you will have pretty much paid 5 grand to use it for a year, IF you can get 15k this time of year.

This is true, but it's a sunk cost and all new boat buyers know this going in.  I was thinking I could make up for it by buying a Z8 for that cheap.  Just felt like I couldn't pass that up.  I think I'm going to hold off on this  and hold on to this boat for 10 years or so. 

In 10 years your tin boat will be worth more than that Z8. The biggest hit on depreciation of the aluminum is the first 2-3 years.