Boat Trading

New member but been lurking for a few months.

I notice a lot of guys consistantly trade-in one and two year old boats for newer models (many with less than 50-70 hours). How many of you guys do this and what kind of depreciation hits are you taking every year or two. That has to get expensive.

My family (kids - 3 boys) is new to wakeboarding so I purchased a new (06) Monterey 194FS I/O with tower. This is a very family friendly boat but the kids are advancing faster than I thought so am looking to get a real wakeboard boat - possibly for next season. My dealer also sells MC but is telling me I am going to take a pretty big hit on a trade.