Quote:
Originally Posted by Animal
I know there are a million variables, but I'm curious if there are any good rules of thumbs that estimate operating expenses for liveaboard cruising based upon the purchase price of the boat.
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No.
Some people claim some broker-made-up number of 10% of purchase price annually, but from my limited experience, that is bunk. It depends more on your own expectations. You want to keep your boat "well-maintained" and can't/won't do the work? Fork it over. You want to upgrade an older boat? Fork it over. Want to boat more and fix less or buy a "well-maintained" boat from the get-go? Enjoy. Buy a brand new boat with warranty? Enjoy.
I have seen super yachts spend all their time in the shop and seen trawler owners just not care as they consider their older boat a throw-away.
It's impossible to know or plan ahead. One thing is FOR SURE... It WILL cost you more than you think it will.
Tom-