Like Tree0Likes

Budgeting Annual Boat Expenses?

Reply
Old 07-31-2005, 04:21 PM
  #11
Registered
 
damdonzi's Avatar
 
Join Date: Jul 2003
Location: Kittery Point Maine
My Boats: Intrepid ~ Boston Whaler ~ Kayaks ~ Windsurfers ~ Assorted Tub Toys
Posts: 1,881
Default Re: Budgeting Annual Boat Expenses?

Quote:
Originally Posted by TRICK
Forget the budget.

Just plan on staying broke.

And put Fred on your speed-dial.
damdonzi is offline  
Reply With Quote
Old 07-31-2005, 04:59 PM
  #12
Registered
 
GregP's Avatar
 
Join Date: Apr 2001
Location: Annapolis MD
My Boats: 1989 Scorpion 32 CC
Posts: 1,464
Default Re: Budgeting Annual Boat Expenses?

For s semi serious answer, I usually go through 5-6k for annual maintenance and upgrades. Some years more, some less, depending on the whim of the boating gods. That doesn't include fuel or insurance.

I saw a guideline somewhere once that you should plan annual costs at 10% of price of the boat, which I think included payments. Oh yes, for a used boat the payments go down, but the maintenance is still about the same % of the cost of the equivalent new one since none of the part costs scale with age.

-Greg

Last edited by GregP; 07-31-2005 at 05:02 PM.
GregP is offline  
Reply With Quote
Old 07-31-2005, 05:21 PM
  #13
Registered
 
The Menace's Avatar
 
Join Date: Nov 2002
Location: Bonita Springs, Florida
My Boats: 46 turbined Skater
Posts: 3,029
Default Re: Budgeting Annual Boat Expenses?

Quote:
Originally Posted by GregP
I usually go through 5-6k for annual maintenance and upgrades. Some years more, some less, depending on the whim of the boating gods. That doesn't include fuel or insurance.
-Greg
Monthly ownership is usually the least expensive part of boating. It is the ancillary costs associated with operation that prove detrimental to your bank account: maintenance, storage, hauling, insurance, fuel and beer that get you.
The Menace is offline  
Reply With Quote
Old 07-31-2005, 05:29 PM
  #14
Registered
 
Macklin's Avatar
 
Join Date: Dec 2001
Location: Virginia Beach
My Boats: 36 Concept w/ Merc 250 EFI Smokers
Posts: 1,902
Default Re: Budgeting Annual Boat Expenses?

Quote:
Originally Posted by GregP
I saw a guideline somewhere once that you should plan annual costs at 10% of price of the boat, which I think included payments.
-Greg
That's about what I have spent the last few years. $100K (round numbers) boat......$10K to keep her dry stored, insured and running. Now that may change at a moments notice if I blow an outdrive or, knock on wood, engine.

And that does not include monthly payments, but if you keep her on a trailer in your yard that will offset those costs.

Last edited by Macklin; 07-31-2005 at 05:33 PM.
Macklin is offline  
Reply With Quote
Old 07-31-2005, 05:33 PM
  #15
Registered
 
Join Date: Oct 2001
Location: Tampa,Fl.
My Boats: 2001 26 ZX DONZI 496HO
Posts: 1,124
Default Re: Budgeting Annual Boat Expenses?

Well, Let me put it this way. Buy the boat in late 2003 premium gas sells for 1.30 a gallon insurance is 3100.00. Now 2 years later gas is 2.49 and the insurance is 6400.00 over a 100% jump in expenses. So, there is no budget. Just have fun and hope nothing breaks (Yeah right).
Donzi Corleone is offline  
Reply With Quote
Old 07-31-2005, 05:34 PM
  #16
Registered
 
ratman's Avatar
 
Join Date: Oct 2004
Location: medellin colombia, pablo escobar's lil town
My Boats: michelob light scarab, sold, sailor now
Posts: 8,396
Default Re: Budgeting Annual Boat Expenses?

go budget like i did. 22k for clean 1979 35ft cig on ebay. 3k to get it home
15k for n/a 577s for spares then 60k for a pair of 1000hp blower motors. then ins, gas, crap...i might not have enough coin left for beer n hookers.
ratman is offline  
Reply With Quote
Old 07-31-2005, 07:18 PM
  #17
Registered
 
Join Date: May 2005
Location: LOTO Performance Boat Center
My Boats: Fixing yours
Posts: 3,897
Default Re: Budgeting Annual Boat Expenses?

B O A T

Break Out Another Thousand

Noun, a hole in the water surrounded by wood into which one pours money.
Magic Medicine is offline  
Reply With Quote
Old 07-31-2005, 10:21 PM
  #18
Registered
 
ratman's Avatar
 
Join Date: Oct 2004
Location: medellin colombia, pablo escobar's lil town
My Boats: michelob light scarab, sold, sailor now
Posts: 8,396
Default Re: Budgeting Annual Boat Expenses?

i cant wait to only have to buy gas and beer for a while...building the engines is what really hurts the wallet!
ratman is offline  
Reply With Quote
Old 07-31-2005, 10:27 PM
  #19
Registered
 
AMERICAN BAD A$$'s Avatar
 
Join Date: Jul 2004
Location: Staunton,VA , SML
My Boats: Fountain 32 Fever
Posts: 44
Default Re: Budgeting Annual Boat Expenses?

We usually spend around $1000 - $1100 per weekend , but that includes the room which is around $300 . Almost $200 per day in gas but thats running all day , which is what we're doing right now .
AMERICAN BAD A$$ is offline  
Reply With Quote
Old 07-31-2005, 10:38 PM
  #20
Registered
 
ratman's Avatar
 
Join Date: Oct 2004
Location: medellin colombia, pablo escobar's lil town
My Boats: michelob light scarab, sold, sailor now
Posts: 8,396
Default Re: Budgeting Annual Boat Expenses?

yo bada$$ that leaves 500 to 600 for drinks...i like your program RESPEKT
ratman is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
OldSchool
General Boating Discussion
215
03-01-2006 12:49 PM
miamioffshore
General Boating Discussion
14
01-25-2006 10:00 PM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 11:02 PM.


Copyright 2011 OffShoreOnly. All rights reserved.