Home › Forums › ROV › ROV Rookie Corner › Resale Value of ROV

Resale Value of ROV

Home › Forums › ROV › ROV Rookie Corner › Resale Value of ROV

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • February 10, 2014 at 2:30 am #6616
    William
    Participant

    I would like to know the resale value of ROV and accessories.

    For example, if I purchased a new ROV system for @ GBP125,000, how much can I sell it 1 to 2 years later assuming it is in good working condition?

    Another example, if I purchased a new torque tool for @ GBP20,000, how much can I sell it 1 to 2 years later?

    February 10, 2014 at 8:49 am #35014
    Glevum
    Participant

    The resale value will depend on a lot of things.

    A few are condition, operating hours, spares included, rov type, and demand.

    If you had a popular system that has low hours, been maintained well, and has a comprehensive spares package, and you were trying to sell mid summer then you would probably get a very good price for it.

    On the other hand if the ROV had been through the ship’s prop then you would probably have to pay some one to take it away.

    February 10, 2014 at 10:26 am #35015
    William
    Participant

    Hi Glevum

    Thanks for your comments.

    I completely agreed with you that the resale value of the ROV will depend on the condition, operating hours, spares included, rov type, and demand etc.

    You mentioned that a popular system that has low hours, been maintained well, and has a comprehensive spares package, would probably get a very good price for it. Can I say that for a 1-year-old ROV, the "good" price will probably be at 90% of the original purchase price (assuming a depreciation rate of 10% per annum)?

    February 11, 2014 at 9:31 am #35016
    Ray Shields
    Participant

    I would say depreciation would be more than 10% per anum.

    Many companies write off their equipment over a 6 year period.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.

Comments are closed.

↑
Skip to toolbar