What's the secret?
07-31-2016 | 12:31 PM
#31
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From: Madison, Ms
Boat storage is 780.00 month includes trailer and a storage room. Gas is 4.15 a gallon and tank is 230 gallons, we use that in 5 days on water. I don't do my own work because I'm green and boat is 5 hours from where I live, I did change a lightbulb once. I will wash it down once in awhile but at 40 per foot to detail it's expensive. I owned a 23 ft boat and that was very inexpensive compared to the bigger boats. I understand what you guys are saying but everybody and every boat is different.
07-31-2016 | 12:38 PM
#32
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To get back to the OP:
I would consider how much work you want to do on that boat (Are you mechanically inclined and have the space/tools to work on it?). Does your area allow you a lot of boating or do you live 3 hours from the nearest lake? Does your area allow 4 months of boating? 8 months or year round? Are you a day boater or weekender? If you were going to the lake Friday afternoon and then going home Sunday afternoon you would feel like you got a lot more use out of the boat than if you dunked it for just a couple hours and drove 4 hours to/from to do it.
I can do minor mechanical (changing oil/filters/batteries/belts/gauges/wheel bearings on trailer type stuff) but not equipped to do heavier jobs (both space and tools). While I would get the satisfaction of doing that type of work it certainly isn't what I would want to do if I had 2 days off on a sunny weekend. I would rather have a mechanic do it, pay the bill and use the boat on those 2 sunny days.
I would consider how much work you want to do on that boat (Are you mechanically inclined and have the space/tools to work on it?). Does your area allow you a lot of boating or do you live 3 hours from the nearest lake? Does your area allow 4 months of boating? 8 months or year round? Are you a day boater or weekender? If you were going to the lake Friday afternoon and then going home Sunday afternoon you would feel like you got a lot more use out of the boat than if you dunked it for just a couple hours and drove 4 hours to/from to do it.
I can do minor mechanical (changing oil/filters/batteries/belts/gauges/wheel bearings on trailer type stuff) but not equipped to do heavier jobs (both space and tools). While I would get the satisfaction of doing that type of work it certainly isn't what I would want to do if I had 2 days off on a sunny weekend. I would rather have a mechanic do it, pay the bill and use the boat on those 2 sunny days.
07-31-2016 | 01:23 PM
#33
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Joined: Jan 2003
Posts: 2,630
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From: Joplin, Mo
People are putting out estimated numbers for normal boats, lets take a look at the other end. A very high performance boat going to several poker runs a year.
Boat (assuming you financed it for 10 years)(just to get a number) $15,000 Per month
Truck to haul it $3,000 per month
insurance for both $2,000 per month
full time Boat hauler/washer/mechanic $5,000 per month
Boat Fuel for one poker run and one fun weekend (116 race fuel) $11,000 per month
Truck Fuel and expences to poker run $2,500 per month
enter poker run plus a few additional hands (fpc) $1,200 per month
rebuild engines, trans, drives,ect. After one season (if your lucky) $3,000 per month
Break a prop, scratch some paint, ect. $1,800 per month
Storage $900 per month
Hotel rooms and entertainment while at poker run $3,500 per month
Flights to get to poker run (assuming you don't have private jet) $2,000 per month
Misc. $2,000 per month
Total $52,900 per month
Per hour total use $7,500 per hour
Don't anyone tell me my numbers are way to high. These are actual costs. I know several guys that spend more then this and would love to only spend this much doing it.
Boat (assuming you financed it for 10 years)(just to get a number) $15,000 Per month
Truck to haul it $3,000 per month
insurance for both $2,000 per month
full time Boat hauler/washer/mechanic $5,000 per month
Boat Fuel for one poker run and one fun weekend (116 race fuel) $11,000 per month
Truck Fuel and expences to poker run $2,500 per month
enter poker run plus a few additional hands (fpc) $1,200 per month
rebuild engines, trans, drives,ect. After one season (if your lucky) $3,000 per month
Break a prop, scratch some paint, ect. $1,800 per month
Storage $900 per month
Hotel rooms and entertainment while at poker run $3,500 per month
Flights to get to poker run (assuming you don't have private jet) $2,000 per month
Misc. $2,000 per month
Total $52,900 per month
Per hour total use $7,500 per hour
Don't anyone tell me my numbers are way to high. These are actual costs. I know several guys that spend more then this and would love to only spend this much doing it.
Last edited by BigSilverCat; 07-31-2016 at 01:26 PM.
07-31-2016 | 01:33 PM
#34
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From: indianapolis
I don't think any one formula will apply for everyone. I have insurance, fuel and maintenance. My truck I would have regardless of the boat so that is a wash. I don't spend near what you guys are talking about even with a failure or two thrown in.
07-31-2016 | 01:39 PM
#35
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Posts: 154
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From: Ontario Canada
Truck to haul it $3,000 per month
insurance for both $2,000 per month
Truck Fuel and expences to poker run $2,500 per month
at those numbers I have a truck for hire. Add a reasonable wage, a well season driver/boat detailer comes with the truck. Only condition would be the truck can't run California.
insurance for both $2,000 per month
Truck Fuel and expences to poker run $2,500 per month
at those numbers I have a truck for hire. Add a reasonable wage, a well season driver/boat detailer comes with the truck. Only condition would be the truck can't run California.
07-31-2016 | 01:44 PM
#36
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Joined: Jan 2003
Posts: 2,630
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From: Joplin, Mo
Truck to haul it $3,000 per month
insurance for both $2,000 per month
Truck Fuel and expences to poker run $2,500 per month
at those numbers I have a truck for hire. Add a reasonable wage, a well season driver/boat detailer comes with the truck. Only condition would be the truck can't run California.
insurance for both $2,000 per month
Truck Fuel and expences to poker run $2,500 per month
at those numbers I have a truck for hire. Add a reasonable wage, a well season driver/boat detailer comes with the truck. Only condition would be the truck can't run California.
07-31-2016 | 01:55 PM
#37
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Joined: Mar 2008
Posts: 661
Likes: 131
From: pa
Ok, my wife and I are in our late 30's have one child and both have what we consider well above average professional careers for our area. We have been off and on boat owners over the years owning 3 boats (20 Crownline, 272 Baja, and a 24' pontoon). We have always been intrigued by the "go fast" world of boating and poker runs and have been dreaming of someday owning a boat capable of a Key West or LOTO style poker run. We have been looking at Fountains and Formulas for a few years in the 35' - 40' range. We are not wealthy people, just an average couple with a 7 yr. old kiddo. a mortgage and a college savings plan. What's the secret to owning our dream boat? I see younger and younger people owning boats we only dream of and wonder how they hell they do it. I'm not jealous or anything but was wondering if there is some type of strategy that people take to get their dream boats without being highly successful entrepreneurs or being the recipient of substantial inheritances.
07-31-2016 | 02:34 PM
#39
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Boat storage is 780.00 month includes trailer and a storage room. Gas is 4.15 a gallon and tank is 230 gallons, we use that in 5 days on water. I don't do my own work because I'm green and boat is 5 hours from where I live, I did change a lightbulb once. I will wash it down once in awhile but at 40 per foot to detail it's expensive. I owned a 23 ft boat and that was very inexpensive compared to the bigger boats. I understand what you guys are saying but everybody and every boat is different.
Last edited by precisiondetails; 07-31-2016 at 02:43 PM.
07-31-2016 | 02:39 PM
#40
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Joined: Jul 2011
Posts: 5,173
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From: Clearwater, FL
No mention of a payment, tow vehicle, etc. You spent 13K a year with nothing breaking and no payment.
Even at that $1000 mark per month if you used it twice a month it is $500 every time you take it out. I had a guy tell me at a poker run that his 47 Outerlimits cost him over $500 an hour to operate (pro-rating ownership/maintenance costs to a per hour figure). It was cheaper to trailer boat back from Key West and fly home than to run it back to Miami in the water.
Even at that $1000 mark per month if you used it twice a month it is $500 every time you take it out. I had a guy tell me at a poker run that his 47 Outerlimits cost him over $500 an hour to operate (pro-rating ownership/maintenance costs to a per hour figure). It was cheaper to trailer boat back from Key West and fly home than to run it back to Miami in the water.
but yes even at once a month operation it was still $300 to store it and $300 or so in fuel for that 1 time a month....so $600 for a single use for the month......not cheap but not as crazy as some of the other estimates i see people are paying.
