Reply
 
Thread Tools Display Modes
 
Old 11-24-2012, 09:29 AM   #21
Senior Member
 
Talonewo's Avatar
 
City: San Antonio
Country: USA
Vessel Name: Shintullah
Vessel Model: 55' 1978 Defever
Join Date: Sep 2012
Posts: 102
Thank you, I have been a lurker for years, finally took the plunge so to speak and bought my boat last month, lots of time spent researching and estimating the total cost of ownership… all these numbers are close to my estimates… what a huge relief
__________________
Advertisement

Talonewo is offline   Reply With Quote
Old 11-24-2012, 09:41 AM   #22
Guru
 
City: North Charleston, SC
Country: USA
Join Date: Sep 2010
Posts: 4,390
Quote:
Originally Posted by MurrayM View Post
................ I should be alive about 15 more years to enjoy it than if I was still smoking and drinking.
But what's the point of living if you can't smoke and drink?

Seriously, good for you. I quit smoking in 1972 and quit drinking a few years ago. Neither was that difficult and I feel a lot better for it.
__________________

rwidman is offline   Reply With Quote
Old 11-24-2012, 10:42 AM   #23
Guru
 
City: Carefree, Arizona
Country: usa
Vessel Name: sunchaser V
Vessel Model: DeFever 48
Join Date: Apr 2008
Posts: 6,363
Cheap moorage is not always good moorage. I don't object to the higher costs when it brings with it:
  • safety from theft,
  • no weather issues,
  • good cruising grounds when you slip the lines without having to go for hours to hit the "nice" water
  • good docks with lots of water,
  • good surface facilites such as washers, toilets and showers,
  • trash boats not allowed and
  • easy/close access to good eateries, stores and yards.
Most maintenance and upgrade costs are at the owner's discretion (or lack of) and very much pocket book based. A 34' $40K 35 year old trawler has different "maintain the asset" requirements than a 50' $600K 10 year old vessel.

For you newbies, don't get fooled by thinking this sport is cheap and without unforeseen $$ needs.
sunchaser is offline   Reply With Quote
Old 11-24-2012, 11:16 AM   #24
Scraping Paint
 
City: -
Country: -
Join Date: Oct 2007
Posts: 13,748
Quote:
Originally Posted by sunchaser View Post

For you newbies, don't get fooled by thinking this sport is cheap and without unforeseen $$ needs.
Very, very true. On the other hand I suspect that the blessing of being a newbie and NOT knowing the kind of never-ending effort and expense that will be required, is that we envision mostly the upside and that's what get's us into a cruising boat to begin with. If we had really realized the extent of the continuous and often high expenses involved in boating, I wonder how many of us would have backed away from getting a boat in the first place, and thus not had the experiences that, for most of us, make the expenses worthwhile?

Of course the same can be said of any pastime, from owning and flying a plane, restoring cars or worse, racing them, to having a horse, golfing, traveling, to you-name-it. In our case we figure the money we will spend on boating would have been spent on something else equally "unproductive" but life-enhancing. So we don't worry about it.
Marin is offline   Reply With Quote
Old 11-24-2012, 12:11 PM   #25
TF Site Team
 
Pineapple Girl's Avatar
 
City: San Mateo, CA
Country: USA
Vessel Name: Pineapple Girl II
Vessel Model: PT 35
Join Date: Jun 2010
Posts: 2,165
Interesting. Our household CFO (AKA my husband) recent calculated we'd spent about $15000 in the past year on the boat and boat related expenses. That includes fuel, slip fee, transient docking on frequent trips, yacht club dues, routine maintenance like changing the oil, professionally done waxing, some canvas, an inverter installation and new house bank and a haul out for a new cutlass bearing. I'd have to agree it = priceless.
__________________
-Jennifer
Pineapple Girl II 1984 PT 35
San Francisco Bay Area
www.pineapple-girl.blogspot.com
Pineapple Girl is offline   Reply With Quote
Old 11-24-2012, 12:27 PM   #26
Master and Commander
 
markpierce's Avatar
 
City: Vallejo CA
Country: USA
Vessel Name: Carquinez Coot
Vessel Model: 2011 Seahorse Marine Coot hull #6
Join Date: Sep 2010
Posts: 10,262
Quote:
Originally Posted by Art View Post
Total Annual Cost (inc Tollycraft and tow behind, trailor-storeded at marina Crestliner runabout = $7,700 ...
Art, am I the only owner paying annual property taxes on his boat?
__________________
Kar-KEEN-ez Koot
markpierce is offline   Reply With Quote
Old 11-24-2012, 12:36 PM   #27
Guru
 
City: Carefree, Arizona
Country: usa
Vessel Name: sunchaser V
Vessel Model: DeFever 48
Join Date: Apr 2008
Posts: 6,363
Jennifer
Your $$ are much more reflective of many of us, low for me in fact when I include discretionary spending. Lots of "cost to boat" low ball numbers appear to be floating around on this thread, starting with the OP.

Mark
Good point on taxes. Sales and property taxes are avoidable for some of us.
sunchaser is offline   Reply With Quote
Old 11-24-2012, 01:10 PM   #28
Art
Guru
 
Art's Avatar
 
City: SF Bay Area
Country: USA
Vessel Model: Tollycraft 34' Tri Cabin
Join Date: Feb 2011
Posts: 7,979
Quote:
Originally Posted by markpierce View Post
Art, am I the only owner paying annual property taxes on his boat?
Mark - Your very nice Coot is pretty darn new, and you paid tall $$$ numbers to own your nice new boat... so... the "Tax Man/Girl" drools over the $$$-value they can continue to place upon your boat that enables them to annually tax you steeply via their $$$-value %age basis. Regarding our 1977 (35 yr old) Tolly (although still in near perf condition, comfortable, seaworthy, and fun as heck!) the "Tax Man/Girl" decided that our boat no longer enables them to have $$$-value drool dripping down their chins and therefore their $$$-value %age basis taxes us at an extremely affordable annual cost. The minimal annual tax cost we pay easily folds into the following three cost-items I excerpted from my # 13 post on page one of this thread. That’s why I didn’t separate the tax cost! This is another reason why we purchased a real good condition older year Tollycraft – Relatively low costs for ongoing great enjoyment!

Cheers and Happy Boating, Art

2,000 +/- gas
1,000 oil/equipment/general-maintenance, new goodies etc
300 Bottom paint etc (haul every few years – intermediate, I dive often to keep clean and new anodes
Art is offline   Reply With Quote
Old 11-24-2012, 01:19 PM   #29
Master and Commander
 
markpierce's Avatar
 
City: Vallejo CA
Country: USA
Vessel Name: Carquinez Coot
Vessel Model: 2011 Seahorse Marine Coot hull #6
Join Date: Sep 2010
Posts: 10,262
Quote:
Originally Posted by Art View Post
Mark - Your very nice Coot is pretty darn new, and you paid tall $$$ numbers to own your nice new boat... so... the "Tax Man/Girl" drools over the $$$-value they can continue to place upon your boat that enables them to annually tax you steeply via their $$$-value %age basis. ...
Yeah, and the Coot's property tax is equivalent to that on my home. The good news is that the boat's tax will decrease over time as the state depreciates its value to offset the rising value/tax of the home.
__________________
Kar-KEEN-ez Koot
markpierce is offline   Reply With Quote
Old 11-24-2012, 05:06 PM   #30
Guru
 
City: North Charleston, SC
Country: USA
Join Date: Sep 2010
Posts: 4,390
Quote:
Originally Posted by markpierce View Post
Art, am I the only owner paying annual property taxes on his boat?
No, you are not. I pay personal property tax each year on my boats (yes, they tax the dinghy as well). Somebody has to pay for all the free lunches and subsidized housing the other 49% are getting!

Although I keep receipts and records, I don't add all the boating related expenses up to get an annual figure. Whatever it is, the enjoyment and peace is worth more than what I spend on the boat.
rwidman is offline   Reply With Quote
Old 11-24-2012, 05:48 PM   #31
TF Site Team
 
Pineapple Girl's Avatar
 
City: San Mateo, CA
Country: USA
Vessel Name: Pineapple Girl II
Vessel Model: PT 35
Join Date: Jun 2010
Posts: 2,165
Quote:
Originally Posted by rwidman
Although I keep receipts and records, I don't add all the boating related expenses up to get an annual figure. Whatever it is, the enjoyment and peace is worth more than what I spend on the boat.
Agree w that 100%. Only reason we have a figure is the CFO keeps everything in excel and can total by category. It is WELL worth it to us. It is our primary leisure time activity and we'd rather spend a weekend on the boat than at a hotel/ out of town.

My figure does include property tax. Just forgot to mention that.
__________________
-Jennifer
Pineapple Girl II 1984 PT 35
San Francisco Bay Area
www.pineapple-girl.blogspot.com
Pineapple Girl is offline   Reply With Quote
Old 11-24-2012, 05:49 PM   #32
Senior Member
 
mahal's Avatar
 
Join Date: May 2010
Posts: 436
You can't take your money with you when you kick the bucket.
mahal is offline   Reply With Quote
Old 11-24-2012, 06:32 PM   #33
Guru
 
BruceK's Avatar
 
Join Date: Oct 2011
Posts: 7,564
You need your priorities right.
"Honey, we`re saving money not using the school bus the kids need new shoes and coats so they don`t freeze on the way to school and come down with facially disfiguring life threatening drug resistant influenza".
"Sure Hun, but I saw this shiny new anchor,it`s really important,..."
__________________
BruceK
Island Gypsy 36 Europa "Doriana"
Sydney Australia
BruceK is offline   Reply With Quote
Old 11-24-2012, 07:29 PM   #34
Guru
 
City: coos bay
Country: usa
Join Date: Oct 2012
Posts: 1,203
Quote:
Originally Posted by knotheadcharters View Post
80-100 hrs a year
4600 a year for slip
96 a month for divers
380 yearly for zincs
50 to 65 a month for electric at slip
3000 a year for insurance
burn on average about 10 gals an hour for short trips and around 6 for longer trips at slower speeds.
Ave a 100 dollars a night when staying at other marinas, about 15-20 days a year.
Anywhere from 100-250 a weekend when hanging on the boat for groceries, beer and liquor.
around 1000 dollars a year for oil change, filters, impellers and coolant change. I do the work, thats just parts.
2000-4000 just for misc stuff.
I'm sure theres more but that is just off the top of my head. Now take into account I work overseas anywhere from 6-8 months a year and use the boat about 2-3 weekends a month when I am home. 2013 expenses will go up as I am planning on more extended trips as the Admiral is retiring.
Damn now I need a stiff drink. Thanks Daddyo for making me think about it. Hell now I get to go down to the boat and wash it!!
that works out to roughly, not counting the booze and taters, 1369.00 per month. I am surprised as i thought it was gonna be more. My total for your list came out to $16430.
bfloyd4445 is offline   Reply With Quote
Old 11-24-2012, 07:32 PM   #35
Guru
 
City: coos bay
Country: usa
Join Date: Oct 2012
Posts: 1,203
Quote:
Originally Posted by mahal View Post
You can't take your money with you when you kick the bucket.
kick the bucket? Ain't avid boaters more likely to jump into the bucket......welll a berry big bucket
bfloyd4445 is offline   Reply With Quote
Old 11-24-2012, 08:34 PM   #36
Senior Member
 
Vyndance's Avatar
 
City: Ventura, CA
Country: USA
Vessel Name: Vyndance
Vessel Model: 48 Californian CP
Join Date: Aug 2010
Posts: 154
Fuel, maintenance, insurance, property tax seems pretty level no matter where you are. What I am amazed by is slip costs. My slip in Ventura CA a 53' liveaboard.........$13,000!!!!!
Vyndance is offline   Reply With Quote
Old 11-24-2012, 10:15 PM   #37
Guru
 
Insequent's Avatar
 
City: Brisbane
Country: Australia
Vessel Name: Insequent
Vessel Model: Ocean Alexander 50 Mk I
Join Date: Mar 2012
Posts: 1,425
I thought the slip costs for most folks were amazing, and must have taken some hunting down. I quit mine in Puget Sound (Edmonds) when going onto the hard for a refit. But it would have annualized at $10,500 incl elec and liveaboard.

Other annual costs are rounding errors compared to refit costs.
__________________
Brian
Insequent is offline   Reply With Quote
Old 11-24-2012, 11:08 PM   #38
Guru
 
Dougcole's Avatar
 
City: Carrabelle, FL
Country: USA
Vessel Name: Morgan
Vessel Model: '05 Mainship 40T
Join Date: Jan 2008
Posts: 800
Interesting to me that one of the ongoing questions on this forum is how to burn the least possible amount of fuel, yet fuel costs are one of the lowest of the "fixed" costs. Many of y'all could double your fuel usage and not really feel it.
Dougcole is offline   Reply With Quote
Old 11-24-2012, 11:39 PM   #39
Scraping Paint
 
City: -
Country: -
Join Date: Oct 2007
Posts: 13,748
Quote:
Originally Posted by markpierce View Post
Art, am I the only owner paying annual property taxes on his boat?
Don't know but in Washington "all" we pay is the annual registration fee which diminishes as the boat gets older.
Marin is offline   Reply With Quote
Old 11-24-2012, 11:42 PM   #40
Scraping Paint
 
City: -
Country: -
Join Date: Oct 2007
Posts: 13,748
Quote:
Originally Posted by Dougcole View Post
Interesting to me that one of the ongoing questions on this forum is how to burn the least possible amount of fuel, yet fuel costs are one of the lowest of the "fixed" costs. Many of y'all could double your fuel usage and not really feel it.
That's right, and it's one reason we keep debating the notion of going to a much faster boat. Even if our fuel use went from six to twenty six gallons per hour our fuel cost would be damn near free compared to the other annual ownership costs.
__________________

Marin is offline   Reply With Quote
Reply

Thread Tools
Display Modes

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 Off
Pingbacks are Off
Refbacks are Off





All times are GMT -5. The time now is 04:01 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2006 - 2012