Canopy Depreciation

[LawnDart21 0]

How do you depreciate a used canopy?
I have always been told/accepted the
(assuming a canopy in good condition)
"Take $100 off for every year old it is, If the canopy was built in current year, only take off $50. Then subtract $1 for every jump you put on it."

Does that sound reasonable as a general rule? Of course factoring in relining cost if it is in need of one might be necessary too, but over all, is this a decent way to estimate a canopy value? What do you guys think?

--
My other ride is a RESERVE.

[nws01 0]

Wherever, wherever, we will be together.
You'll be close and I'll be near,
If that's ok with you my dear.

Shakira's hot!

[lummy 4]

uh... okay Nathan... Are you suggesting that we depreciate Shakira?

I promise not to TP Davis under canopy.. I promise not to TP Davis under canopy.. eat sushi, get smoochieTTK#1

[TequilaGirl 0]

I think Nathan might be having a bad day..........

[lummy 4]

Yeah, it's possible the ALter ego (aka Chrome) is either A) having DZ.com withdrawals or B) can't figure out how to PH under the new system....

I promise not to TP Davis under canopy.. I promise not to TP Davis under canopy.. eat sushi, get smoochieTTK#1

[IMGR2 0]

There was a person here recently that had the same depreciation formula for a container. My container is still for sale. It is 3 years old with almost 900 jumps on it. This meant that I was supposed to sell it to him for like 200 bucks. Whatever.
I don't believe you can put a formula to it.
For instance; same canopy one in Eloy and one in say Atlanta. 1000 jumps on both, asking $600, which one would you buy?
Think about and be logical.
People that are trying to push this formula are idiots that want something for nothing.

[nws01 0]

Hey, he had Shakira's picture up before but he changed it. It is not my fault.

[hobbes4star 0]

a rigger told me the best way is to have a rigger look at it and see if the asking price was reasonable. but i know being in eloy that the heat, sun and dirt put stress on equipment just as bad as salt water. just my .02

if fun were easy it wouldn't be worth having, right?

[hobbes4star 0]

i meant to reply to lawn dart on that last post.sorry.

if fun were easy it wouldn't be worth having, right?

[skybytch 273]

Quote

There was a person here recently that had the same depreciation formula for a container. My container is still for sale. It is 3 years old with almost 900 jumps on it. This meant that I was supposed to sell it to him for like 200 bucks. Whatever. I don't believe you can put a formula to it.

I agree as far as containers go - there are so many variables. How well the seller took care of it (I've seen containers with a few hundred jumps that were absolutely trashed and others with 1000+ that were still in nice shape), how well the seller landed, how many and which options were added when new (a container with rings, stainless, kill line p/c and hacky is worth more than one without)and container make and model (original base price... and "perceived" market value of the brand).

Quote

which one would you buy?

When I'm pricing a used canopy I take into consideration where it was jumped - it's sad, but a canopy jumped in a desert or dusty area (Eloy, Perris, etc) will wear out faster than one jumped in, say, Florida. I figure that a canopy with 200 jumps on it, all done at Perris, is worth about the same as a canopy with 400 jumps, all done at the Ranch.

[LawnDart21 0]

Re: "People that are trying to push this formula are idiots that want something for nothing. "

The reason I asked the question is that I am selling a practically brand new canopy, and have heard different opinions on how much to charge. I'm not trying to get something for nothing, rather I'm trying to offer a canopy to others at a FAIR price. - Tom

--
My other ride is a RESERVE.

[weid14 0]

basically it's worth whatever someone will pay for it. price it as you see fair, and if others find that fair, you'll sell it. if not, you'll have to lower the price.

what is this little icon thing supposed to be?

[IMGR2 0]

Sorry Tom, wasn't aiming at you personally. Just that there is no way to put a formula on equipment.
If you don't know what to charge, get someone you trust to book it out for you. I've seen alot of people get screwed that didn't know what they were doing.
Bryan

[LawnDart21 0]

No Problem Bryan, I figured that was case after I re-read your post. I actually had that conversation with a rigger last night and he thinks I am offering a good/fair price. Thans for all tne input!
Tom

--
My other ride is a RESERVE.