Thread: Budgeting
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Old 09-14-2012, 06:37 AM   #3
Tom.B
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City: Cary, NC
Vessel Name: Skinny Dippin'
Vessel Model: Navigator 4200 Classic
Join Date: Jul 2009
Posts: 5,841
Quote:
Originally Posted by Animal View Post
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.
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-
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