Budgeting Annual Boat Expenses?
#12
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
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 04:02 PM.
#13
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
-Greg
#14
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
-Greg
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 04:33 PM.
#15
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Joined: Oct 2001
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From: Tampa,Fl.
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).
#16
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.
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.
#19
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 .



