Thread: Newbie Here
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Old 12-22-2009, 09:14 AM   #8
skipperdude's Avatar
City: Whittier AK
Country: USA
Vessel Name: Apache II
Vessel Model: 1974 Donald Jones
Join Date: Oct 2007
Posts: 3,147
Newbie Here

Cost of ownership

Vessel age*** *Average annual cost
1-5 years*** * * 8%
5-10 years**** *12%
10-15 years* * 15%
16-25 years*** 18%

The above table illustrates annual average cost of ownership (not including mortgage payment) based on the age of the vessel and the puchase price, including dockage, insurance, fuel and maintenance, including major repairs such as engine overhauls averaged over time.

It is based on the average sale price of a used vessel and should not be applied to clunkers.
assuming the owner will perform all necessary maintenance, as boats get older maintenance is increasingly neglected and for that reason cost of ownership steadily increases.

Older boats cost a lot to own. Of all the law suites ever filed against surveyors 95% of them involve old boats.

-- Edited by skipperdude on Tuesday 22nd of December 2009 01:16:47 PM
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