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Originally Posted by Nate5.0
(Post 4417604)
Yes...I am sure they never test it, use it, or do anything at all other than trailer it to a race, run it, and put it away.
The boat ran Key West in 2012,2013 & 2014. Three races each year equals nine races @ thirty minutes per equals 4.5 hrs total time at speed. It ran Gulf races (Englewood, Clearwater) and Michigan City once but hasn't run Cocoa Beach.It ran Loto. So, even if you are generous when calculating its utilization and multiply by a factor of four or five,you're only at twenty-odd to thirty hrs. When you run the numbers according to the ad "Over $400k invested" and an asking price of $275,000, assuming the total cost of ownership is a discount to the $400k, let's say $375,000, you get: TCO $375,000 minus sale price $275,000 equals $100,000 divided by utilization of 20 hrs equals $5,000.00 per hr depreciation.Even at 25 hrs you're looking at $4,000.00 per hr...exclusive of direct operating expenses (fuel,oil etc). |
Originally Posted by Wobble
(Post 4417620)
The underlined parts are the ones I took offense with. Maybe I am being too sensitive. Then again my 40 year old Daytona is still in excellent shape and holding it's value well.
Happy Friday :drink: |
Originally Posted by Cevert
(Post 4417622)
Well, when the boat was listed for sale the ad said "1-race (Key West 2014) and a total of less than 5-hours" when describing the NA engine then installed. Forehand's shop is on the Pamlico River in NC and it's been previously stated the boat was in Loto, neither of which is the "ocean".
The boat ran Key West in 2012,2013 & 2014. Three races each year equals nine races @ thirty minutes per equals 4.5 hrs total time at speed. It ran Gulf races (Englewood, Clearwater) and Michigan City once but hasn't run Cocoa Beach.It ran Loto. So, even if you are generous when calculating its utilization and multiply by a factor of four or five,you're only at twenty-odd to thirty hrs. When you run the numbers according to the ad "Over $400k invested" and an asking price of $275,000, assuming the total cost of ownership is a discount to the $400k, let's say $375,000, you get: TCO $375,000 minus sale price $275,000 equals $100,000 divided by utilization of 20 hrs equals $5,000.00 per hr depreciation.Even at 25 hrs you're looking at $4,000.00 per hr...exclusive of direct operating expenses (fuel,oil etc). |
I have seen the boat in many salt water poker runs around here. One happen to be on a day that had 15-20 northeast winds and crazy rough. It was rough enough that a few boats turned back around including a 42 fountain. Smokey mountain brewery was always the first boat at the card stops during that run.
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Originally Posted by Brandonb_05
(Post 4417649)
I have seen the boat in many salt water poker runs around here. One happen to be on a day that had 15-20 northeast winds and crazy rough. It was rough enough that a few boats turned back around including a 42 fountain. Smokey mountain brewery was always the first boat at the card stops during that run.
Some dude in this thread totally knows all the hrs, money spent, and every detail about the boat. |
gotta keep your guard up around here
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Originally Posted by Brandonb_05
(Post 4417652)
Sorry if what I posted was read wrong, but I didn't mean that at all. I'm just posting what I have seen in person. I don't have a clue how many hours his boat has, I don't have a clue how much money was spent, and I definitely don't know what type of oil the smokey mountain brewery runs. Sorry again
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Oh my bad nate. I guess it's me who can't read a post correctly.
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Originally Posted by Nate5.0
(Post 4417651)
Some dude in this thread totally knows all the hrs, money spent, and every detail about the boat.
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We need a sarcasm button
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