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Old 17-12-2019, 11:37   #1
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How to determine Salvage Value for a boat?

Can anyone help me to determine the salvage value of a 1990 Benetau First 35s5 or simply a rule of thumb?

For example, assume the resale value is $30,000 - $50,000. Is a reasonable salvage value 10%?

Parts only boat, hull damaged beyond repair but did not sink.

Any input would be appreciated.
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Old 17-12-2019, 13:40   #2
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Boat: Bruce Bingham Christina 49
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Re: How to determine Salvage Value for a boat?

Yes 10% is normal for a fixable hull. If only for parts, then possibly only 5-7% of the lower value in the range since you will then be responsible to get rid of the hull, etc. after you've removed the parts you want.

Bill O.
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