Do Pontoon Boats Hold Their Value?
With any big purchase, buyers want to know they’re making a good investment. A “good investment” can mean a lot of things, though. To some, a good investment is money well spent, which could be as simple as paying $10 to see a great movie. To others, a good investment requires an appreciation of assets. Buy low, sell high.
When it comes to vehicles, both on land and on water, it’s generally accepted that the monetary value will depreciate shortly after purchase, and thus, a good investment requires getting a quality, reliable vehicle you can enjoy for years.
That perfectly describes a pontoon boat investment. You probably won’t be able to sell one for more than you paid for it, but you will get your money’s worth.
How Much Do Pontoon Boats Cost?
New pontoon boats can cost as little as around $15,000, and as much as $200,000+, depending on your accessories, amenities, engine, and anything else you may want to add. For a more in-depth breakdown of what you can expect to pay, read our post: All About Pontoon Boats.
How Much Does a Pontoon Boat Depreciate in Value?
It’s pretty well known that cars depreciate rapidly. As soon as you drive them off the lot, they’ve lost some monetary value. The same is true of pontoon boats; the value of your boat will depreciate a fair amount in the first couple years of ownership. After that, the value will depreciate by much less, eventually holding stable after about 12 years.
More good news: You’re not buying a pontoon boat for the same reason you’re buying a car. You’re buying it for the activities, memories, and fun, which can’t be assigned a fixed dollar value—you determine how much those things are worth.
What Contributes to a Pontoon Boat’s Resale Value?
Again, a pontoon boat’s trade-in value is similar to that of a car. The brand, age, amount of use, condition, and any number of add-ons or other amenities can contribute to the resale value.
In general, most pontoon boats depreciate at a similar rate, though, so a boat that costs $40,000 new will sell for a higher price used than a boat that originally cost $20,000.
For specifics, you can explore the boat pricing resources on NADAguides and other similar websites. Feel free to contact your local Manitou pontoon boat dealer, who can also help determine your pontoon’s resale value.
Should I Buy a Used Pontoon Boat?
When in the market for a pontoon boat, it’s definitely worth contemplating buying used, but you’ll need to ensure you’re getting a quality vehicle. Take a look at our Buying a Used Pontoon Checklist for some of the crucial areas you’ll want to consider.
Return on Investment
If you’re in it strictly to make money, buying a pontoon boat doesn’t make sense. You won’t be able to sell it for more than you buy it, but that’s pretty well understood by anyone who buys a vehicle of any kind.
Instead, the return of investment comes in all the fun, hours of entertainment, and memories you’ll enjoy with your boat. While your boat won’t appreciate in value, you can unquestionably get your value out of it, thereby giving you what many would consider the best kind of return on investment.