New vs Used Boat Calculator

Overview

The answer to the new versus used conundrum comes down to how much one is willing to pay in total cost of ownership for a boat and whether one values certain features and equipment. For the exact same vessels, a new one will always be more expensive than a used one, however, the upfront costs and ongoing costs can differ. Understanding how far apart these costs are, both upfront and over time, is critical to making an informed decision. Our boat calculator breaks apart the upfront and ongoing costs, offers a template for potential differences, and then compares total cost of ownership between a new and used boat. Take advantage of the instructional video to learn how to leverage this calculator for your decision making.

What Does it Do?

• Calculates purchase price, upfront cost, and total cost of ownership differences between a new and used boat.

• Determines annual and monthly ongoing costs, including annual and monthly financing payments that may differ between new and used boats.

• Incorporates boat depreciation and allows a user to “sell” the boat at different times to see value recovered.

• Allows users to change several inputs around pricing, costs, depreciation, finance charges, etc. for dynamic comparisons.

Instructional Video

The video below walks users through the operations of the downloaded file.