| When properly chosen according to your boating | | | | purchasing secondhand boat motors, which in |
| needs, used boat motors are very good bargains. | | | | accounting circles is called depreciation value. If the |
| However, caution must be exercised as choosing the | | | | straight-line method of depreciation is used, you can |
| right secondhand boat motors must be | | | | deduct fixed figures from the original purchase cost |
| complemented with paying the right prices for them. | | | | for every year that the used boat motors have |
| # Retail Price of Brand New Motors | | | | been used until these are sold to you. |
| Usually, the price of secondhand boat motors in good | | | | For example, if the boat motor was originally |
| condition must play in the range between 50-60 | | | | purchased for $1,000 and has a life expectancy of 10 |
| percent of the retail price for their brand-new | | | | years, then the depreciation for each year would be |
| counterparts. Thus, you must do your research so | | | | $100. If it was sold to you after two years of original |
| that you have ammunition during price negotiations! | | | | purchase, then you can take the $200 depreciation |
| At the very least, you have a starting point for | | | | into account when haggling for the right price. |
| comparative purposes. | | | | # Level of Maintenance Care |
| # Exterior and Interior Condition | | | | However, you must also consider that degree with |
| Before buying the used boat motors, you should | | | | which the original owner exercised proper |
| have conducted visual inspections and audio tests | | | | maintenance. He/she will also ask for a higher price |
| that will make damages and deteriorations obvious. | | | | based on the good condition of the used boat |
| From these engine tests, you should be able to | | | | motors even after many years have lapsed. |
| secure information on repairs to be done and | | | | Admittedly, there are many factors to be considered |
| replacement parts to be purchased. You will then be | | | | when purchasing second hand boat motors at a price |
| able to deduct part of the costs from the initial selling | | | | agreeable to both buyer and seller. But with adequate |
| price, which is only fair and equitable. | | | | research, satisfactory inspections and good haggling |
| # Depreciation Value | | | | skills, you definitely can! |
| Normal wear and tear must be accounted for when | | | | |