One aspect of looking at the cost of the Torqeedo outboard motor is what you might sell it for when you decide when to quit boating. I'm in my mid-eighties and think I have a few more years in my tank. However, when I make that final decision to stay home I am positive I can sell the Torqeedo (1003) for almost the what I bought it for. If it needs a new battery than I could reduce the price by the cost o a new battery. I have already had an offer to buy my Torqeedo.
I still like the fact that I can take the motor apart in three pieces and I can get it attached to the dinghy fairly easy. After two years it still looks brand new. And no, I am not selling at this point--Torqeedo and I still have some exploring to do in the San Juan Islands (WA). My best to you all.