175 Mercury Outboard

[troy]

Does anyone know what a 175 hp Mercury would have cost new 4 years ago and what it would be worth today.
It has done 40 hours.
Thanks
Troy

[Outsider1]

Does anyone know what a 175 hp Mercury would have cost new 4 years ago and what it would be worth today.
It has done 40 hours.
Thanks
Troy

I assume it is an Optimax Troy? They have a list price of about $19,700 at present, street price is probably $18/18.5k. The price hasn't varied a lot in recent years so would suspect they were about $17/$17.5k four years ago.

As to what it is worth, well here is my rule of thumb method. Allow 20 to 25% depreciation in year 1, and then about 10% each year thereafter on a diminishing value basis. It is roughly the same for motor vehicles. That is for an average condition motor with a service record and in average hours up (200/300 hours for a 4 year old motor would be average.) If you run that through a spreadsheet you get about $10k, allow a bit more for the low hours and assume as new condition and I would say ask $12k.

Tried to find one for sale on the net, closest I got was a 200hp Opti with "low hours" for $12k.

http://www.tradingpost.com.au/Marine/Power/Outboard-Motors-Engines/AdNumber=7961966?BackToResult=true

Hope that helps.

Cheers

Dave

[troy]

I assume it is an Optimax Troy? They have a list price of about $19,700 at present, street price is probably $18/18.5k. The price hasn't varied a lot in recent years so would suspect they were about $17/$17.5k four years ago.

As to what it is worth, well here is my rule of thumb method. Allow 20 to 25% depreciation in year 1, and then about 10% each year thereafter on a diminishing value basis. It is roughly the same for motor vehicles. That is for an average condition motor with a service record and in average hours up (200/300 hours for a 4 year old motor would be average.) If you run that through a spreadsheet you get about $10k, allow a bit more for the low hours and assume as new condition and I would say ask $12k.

Tried to find one for sale on the net, closest I got was a 200hp Opti with "low hours" for $12k.

http://www.tradingpost.com.au/Marine/Power/Outboard-Motors-Engines/AdNumber=7961966?BackToResult=true

Hope that helps.

Cheers

Dave
Dave my son tells me it is a 175 hp EFI
Thanks
Troy

[Outsider1]

Dave my son tells me it is a 175 hp EFI
Thanks
Troy


righto,

Same basic method just different starting base. Mercury don't sell the 175hp EFI anymore, but they still sell the 150hp version. Current list is about $14k. I reckon that would have been close to the 175hp EFI price 4 years ago.

If we run that through the spreadsheet we get about $7.5K, Say ask $9k given condition.

Cheers

Dave