Hull Depreciation Tracker — Track Your Boat's Value Over Time

Vessel Details

Purchase Price ($)

Year Purchased

Current Year

Total Engine Hours Used

Estimated Lifespan (years)

Depreciation

Estimated Current Value

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Total Depreciation —

Depreciation Per Engine Hour —

Annual Depreciation —

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How It Works

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Enter Vessel Details

Input your purchase price, year bought, and total engine hours. The calculator uses straight-line depreciation with a 10% residual value.

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See Current Value

Get your boat's estimated current value and how much it has depreciated. The per-hour cost shows what each rental costs in asset value.

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Plan Replacements

Use depreciation per hour to factor asset costs into your rental pricing. When depreciation exceeds maintenance savings, it may be time to sell and replace.

Track Fleet Value with Reservety

Reservety tracks engine hours, maintenance costs, and revenue per vessel so you always know which boats are earning and when it's time to replace.

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Frequently Asked Questions

How fast do boats depreciate?

Boats typically lose 15-20% of their value in the first year and 7-10% per year after that. Rental boats depreciate faster due to higher usage. A well-maintained rental boat might retain 50% of its value after 5 years, while a neglected one could drop to 30%. Engine hours are a better depreciation indicator than age for rental boats.

Should I factor depreciation into my rental pricing?

Yes. Depreciation is a real cost even though it doesn't show up in your bank account. If your boat depreciates $6,000 per year and you do 200 rentals, that's $30 per rental in asset value lost. Add this to your pricing to ensure you're building a replacement fund for when the boat reaches end of life.

When should I replace a rental boat?

Consider replacing when annual maintenance costs exceed 15-20% of the boat's current value, or when the boat is spending more time in the shop than on the water. Most rental boats hit this point at 2,000-3,000 engine hours or 7-10 years. Start shopping before you're forced to replace so you can negotiate better deals.