Boat is an acronym for Better Organise Another Thousand.
I love the 'boating lifestyle' and for me it is very cheap entertainment. I cand spend $200 and have a whole weekend of fun. However, we put in excess of 800hrs on our engine last year, and a bit less this year (so it gets used a lot!!).
They say on average a boat will cost you about $1,000/ft/year. This will vary some depending on usage and your maintenance schedule, but will be pretty close. Our small boat 23ft will cost about $3-$5k each year in R&M then once every 3years or so we need a new engine (fairwell $15k). So it's a bit less than the $1,000/ft but ours is on a trailer (and I haven't calculated any depreciation). And we have an anal maintenance regime (being stuck 100kms at sea isn't fun).
So the question to ask is how much will you use it? Is $1000/ft/year worth while for you? It is for me. Buying a boat though is a lifestyle choice, not a financial consideration.
Blacky
I love the 'boating lifestyle' and for me it is very cheap entertainment. I cand spend $200 and have a whole weekend of fun. However, we put in excess of 800hrs on our engine last year, and a bit less this year (so it gets used a lot!!).
They say on average a boat will cost you about $1,000/ft/year. This will vary some depending on usage and your maintenance schedule, but will be pretty close. Our small boat 23ft will cost about $3-$5k each year in R&M then once every 3years or so we need a new engine (fairwell $15k). So it's a bit less than the $1,000/ft but ours is on a trailer (and I haven't calculated any depreciation). And we have an anal maintenance regime (being stuck 100kms at sea isn't fun).
So the question to ask is how much will you use it? Is $1000/ft/year worth while for you? It is for me. Buying a boat though is a lifestyle choice, not a financial consideration.
Blacky