Hi,
I'm hoping someone here is an accountant or maybe just really likes crunching numbers. I realize this is a subjective question with many variables, but I'm just trying to get a ballpark idea of an annual budget for ownership for this particular boat. I've owned mid 30's ranges power cruisers with twin gas guzzlers, so I'm no stranger to the concept of a boat being a hole in the water.....etc, etc...$. This however, will be our first family sailboat.
My local marina will charge me $620/mo (which includes electrical, fresh water line, wifi, etc.), and the boat will be in the water the entire year here in south Florida. But that's the only fixed cost I know of right now. The boat will not be financed, so my cost in addition to the marina fees will be more operational, insurance, registration/documentation, fuel/oil, and maintenance (including monthly bottom care and painting about every 2 years), and occasional exterior cleaning/detailing. What else?
For the purposes of this discussion, I'm not considering any provisioning costs (the wine my wife likes is tough enough!), or destination costs (mooring or overnighting, etc). We'll figure those potential costs out later. So let's just say average use for us based on previous experience will be maybe 2 weekends/month more or less of local coastal cruising. We are only about 10 minutes to the ocean inlet, so no long motoring needs generally speaking (although I know there will be times when we get caught out with light winds or need to beat a storm in).
Let's also assume that at the time of purchase, the boat, rigging and sail sets are in good condition. In other words, no major problems or projects anticipated for the first year at least, but general maintenance and upkeep cost will be expected.
Any thoughts? Anyone ever averaged out their ownership costs?
Thanks!
Chris
I'm hoping someone here is an accountant or maybe just really likes crunching numbers. I realize this is a subjective question with many variables, but I'm just trying to get a ballpark idea of an annual budget for ownership for this particular boat. I've owned mid 30's ranges power cruisers with twin gas guzzlers, so I'm no stranger to the concept of a boat being a hole in the water.....etc, etc...$. This however, will be our first family sailboat.
My local marina will charge me $620/mo (which includes electrical, fresh water line, wifi, etc.), and the boat will be in the water the entire year here in south Florida. But that's the only fixed cost I know of right now. The boat will not be financed, so my cost in addition to the marina fees will be more operational, insurance, registration/documentation, fuel/oil, and maintenance (including monthly bottom care and painting about every 2 years), and occasional exterior cleaning/detailing. What else?
For the purposes of this discussion, I'm not considering any provisioning costs (the wine my wife likes is tough enough!), or destination costs (mooring or overnighting, etc). We'll figure those potential costs out later. So let's just say average use for us based on previous experience will be maybe 2 weekends/month more or less of local coastal cruising. We are only about 10 minutes to the ocean inlet, so no long motoring needs generally speaking (although I know there will be times when we get caught out with light winds or need to beat a storm in).
Let's also assume that at the time of purchase, the boat, rigging and sail sets are in good condition. In other words, no major problems or projects anticipated for the first year at least, but general maintenance and upkeep cost will be expected.
Any thoughts? Anyone ever averaged out their ownership costs?
Thanks!
Chris