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Old 05-23-2015, 11:44 AM   #21
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If we did everything on a cost analysis we likely wouldn't do anything...

just look at what the cost to have kids cost you....

renovate the house to keep the Admiral happy.....

or for that matter acquisition of the Admiral in the first place...

That trip to Europe you took ( or the Admiral ) had to take..

To really LIVE life costs, it is what we work for.

I NEVER tally costs of my yachting exploits, that is on par of asking a gambler to keep track of his losses.. both of us look at the win part only.

I will know when I spent too much on boats when I don't have any left..

you guys can keep whining all you want.. I will keep living the dream

HOLLYWOOD
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Old 05-23-2015, 12:00 PM   #22
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Quote:
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Have a look at Nordhavn PendanaBlog | The perfect Nordhavn for cruising boating trawler|

He owns a Nordhavn 62 and has some posts on costs and spends around $100k to $150k per year on $1.6million boat
Thank you for posting that link.

Here is the link to his 2014 costs and a few previous years.

Nordhavn 62 Pendana - How The Numbers Stacked Up - 2014

The quick bottom line is that he thinks spending 7-15% of the boat cost per year on the boat instead of 5-10% His expenses seem to include all of the boat related costs with the exception of food. However, he has some charges that might not be applicable to others such as crew costs, boat detailing, and plane flights.

He is very upfront in stating that he is not able to do work on the boat which appears to be cost him quite a bit of money.

The boat has needed $1,600 to $4,800 of engine work each year which is odd. He also spends a lot on "Electrical, Hydraulics, Toilets, Air conditioning Maintenance."

Later,
Dan
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Old 05-24-2015, 05:07 PM   #23
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My wife makes a point: if we didn't have a boat, we'd be spending $20-30,000/yr doing something else. At the end of 10 years, you wouldn't have that money at the end of it all either. Comparing 2-3 months of vacations with 2-3 months of cruising, it all comes down to what you would you rather do?


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Old 05-27-2015, 11:23 AM   #24
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Two engines won't use 2x fuel
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Old 05-27-2015, 11:40 AM   #25
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I am not quite getting your numbers.You quote the insurance as 1% being 2500,thus putting the boat value at 250k,then you quote maintainence at 8000,again 1% to 16000,being 2 %,thus putting the value of the boat at 800k.Which is it?
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Old 05-28-2015, 06:52 AM   #26
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Quote:
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I am not quite getting your numbers.You quote the insurance as 1% being 2500,thus putting the boat value at 250k,then you quote maintainence at 8000,again 1% to 16000,being 2 %,thus putting the value of the boat at 800k.Which is it?
The cost of maintenance is 'normed' at approx 1.1% of the NEW cost of your boat. The range is evidently 1-2%, but the figure frequently seen is 1.1%.
Does that make sense?
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Old 05-28-2015, 07:22 AM   #27
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It probably would have been easier if you just had posted the price range you were looking in,which I assume is 250k.If the new price is around 800k,then you might be looking at substantially more maintainence then 16k.By the price difference,i am guessing an early nineties model,am I correct?
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Old 05-28-2015, 12:07 PM   #28
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Your fuel costs are $1/hr?...so you burn 1/4gal?



Quote:
Originally Posted by TDunn View Post
This year my 1936 woodie will cost me about the following:

Winter storage (includes haul, pressure launch, inside storage and launch - $2,600

Summer Marina cost (June 1 to Oct 30) - $3,584

Insurance - $600

Registration - $85

Annual maintenance (repaint topsides, trim, and bottom, two coats varnish on all external wood, 6 coats varnish on all interior wood, replace three planks, recaulk as needed) - $400

New house battery and an additional solar panel (includes installation of solar panel) - $210

Fuel for 200 hours underway - $200

Oil and filter changes - $70

Total - $7,849 or about $39 per hour underway. Note that I will spend about 75 days on board this summer (it would be more, but I also have a sail boat I don't want to neglect).
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Old 05-28-2015, 12:15 PM   #29
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Quote:
Originally Posted by hollywood8118 View Post
If we did everything on a cost analysis we likely wouldn't do anything...

I NEVER tally costs of my yachting exploits, that is on par of asking a gambler to keep track of his losses.. both of us look at the win part only.

you guys can keep whining all you want.. I will keep living the dream

HOLLYWOOD
I have never begrudged a single dollar spent on boating...ever...
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Old 05-28-2015, 12:20 PM   #30
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We are all idiots!


Yes we are , but with a big grin on our aging faces we have slide into home plate a lot richer all the while being a bit poorer.
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Old 05-28-2015, 02:49 PM   #31
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Hello all,
It was recommended in my boat search thread that I truly consider the cost of operating and maintaining a larger trawler. Here are my numbers, and peramaters given the intended boat being on the horizon:
52' single engine, FD hull.

Maintenance: $8,000-$16,000
1-2% of new boat cost (seems that many avg. 1.1% of new, $8,800)

...am I even on the ballpark?
Maintenance is the area I'd suggest a bit more work. Now many things need to talked about first. Single engine you say. What about generator? Watermaker?

Then on maintenance, it's not just the routine expenses, it's the major ones. Many budget based on routine and find themselves in trouble when they need to rebuild or replace an engine. Location will somewhat determine the frequency of bottom cleaning and of bottom painting.

Now so much depends on what you do yourself and where you are, but here are some numbers is our area for a boat that size. Hauling $520. Pressure cleaning $210, Blocking $210. There are some marinas that won't allow divers to clean so you'd incur that cost each time.

Again, in our area you need to clean a bottom monthly.

Now to bottom painting, $2,100 - $3,000 for a boat that size. Obviously if you do it yourself much less but don't forget to add in yard time.

I would probably budget $3000-4000 per year toward engine rebuilds. If you have a generator maybe $1500 a year toward rebuilds.

On a boat that size you may well be talking stabilizers and thrusters and they cost to maintain. $1000 a year to maintain a watermaker.

And then painting your deck, replacing teak if any, redoing your interior.

Considering all factors and doing no work myself, I calculated about $33,000 per year for a similarly sized boat. Regardless, just make sure each year you're saving for the "Big One."

Here is a calculator you might try just for fun. Now, it's really designed for boats 80' and up so it's accuracy on smaller boats is not great, but a fun exercise.

https://luxyachts.com/management/ope...costcalculator
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Old 05-28-2015, 09:09 PM   #32
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Well I must be a real cheap S.O.B.... I own two boats, an MT 34 DC and a Bayliner 2750 and I spend less than 10k a year, and yes, we go out almost every weekend. Yes we get winter here - and we store indoors (not heated).

How do we do it?

We bought the boats cheap and fixed them up. Found the cheapest marina, outside of town. Do most of the work ourselves. Horse trade, swap services, and use independent guys for anything we can't do.

Would I like a 40' luxury vessel? Sure! But I like my savings account more :-)
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Old 05-28-2015, 09:15 PM   #33
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Well I must be a real cheap S.O.B.... I own two boats, an MT 34 DC and a Bayliner 2750 and I spend less than 10k a year, and yes, we go out almost every weekend. Yes we get winter here - and we store indoors (not heated).

How do we do it?

We bought the boats cheap and fixed them up. Found the cheapest marina, outside of town. Do most of the work ourselves. Horse trade, swap services, and use independent guys for anything we can't do.

Would I like a 40' luxury vessel? Sure! But I like my savings account more :-)
How much do you spend on bottom painting and how frequently? I assume you do that yourself too.

Then the big question. What will an engine rebuild cost you?

Year to year one will spend less, but it's those years of major work that change things significantly. Still sounds like you're doing well.
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Old 05-28-2015, 09:55 PM   #34
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Do I include upkeep on the helicopters as part of the boat maintenance, or should I track it separately?


We are comfortable with a rough idea, can we afford to do this or not. We keep impeccable maintenance records, but not financial ones. It is what it is.
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Old 05-28-2015, 11:25 PM   #35
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I set up a column in my bookkeeping for "Boat Expenses". But I never fill it in. It costs what it costs.
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Old 05-28-2015, 11:37 PM   #36
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I set up a column in my bookkeeping for "Boat Expenses". But I never fill it in. It costs what it costs.

The day I fill mine in is the day she lists for sale. I have no desire to know beyond a rough and optimistic guess.
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Old 05-28-2015, 11:51 PM   #37
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I was starting to think we were the only ones who didn't track costs.
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Old 05-29-2015, 12:45 AM   #38
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My problem is that my Admiral wants to know but I don't, and I know if she finds out then she'll remind me constantly.
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Old 05-29-2015, 06:28 AM   #39
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"I was starting to think we were the only ones who didn't track costs."

I don't track costs , only "Bonus Jobs" (repairs) and

"Honey Do " ,,,,,,for she who must be obeyed!
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Old 05-29-2015, 08:05 AM   #40
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We have a separate "cruising" bank account, into which our monthly cruising budget is deposited. This is expected to cover marina's, fuel, food and running repairs. We set aside money separately for haul outs and other large scheduled maintenance, including eventual heat exchanger replacement etc. This way (hopefully) a large repair will not affect our cruising budget. We tend to give each other lots of boat related presents just for the hell of it, which is kinda cheating....
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