Approx Value - Suzuki DF250 2003

[Northern Chap]

I have a chap wanting to px his Ribcraft which has a 2003 Suzuki DF250 four stroke circa 280hrs from new & serviced last in April 19 & just 20hrs since.

Realistically what would this engine be worth in the open market please ?

[Orwell boy]

I have had success asking the insurance company what value they would put on the engine ,after all if it dissapears off the transom ,they will need to pay you out !
its 19.5 k new ,its 15 years old ,and it would poss of had 5 years manufacturers warranty ,
i have seen a post on here but cant find it where insrers use a formulae which loses vat first year then a fixed percentage of the remaining each year after that ,maybe someone else will point in the right direction

[Northern Chap]

Originally Posted by Orwell boy

I have had success asking the insurance company what value they would put on the engine ,after all if it dissapears off the transom ,they will need to pay you out !
its 19.5 k new ,its 15 years old ,and it would poss of had 5 years manufacturers warranty ,
i have seen a post on here but cant find it where insrers use a formulae which loses vat first year then a fixed percentage of the remaining each year after that ,maybe someone else will point in the right direction

Thankyou