Cruisers Forum

Join CruisersForum Today

Thread Tools Rate Thread Display Modes
Old 15-08-2016, 07:47   #31
Registered User

Join Date: Nov 2012
Boat: Custom Build on Morgan West Indies 33 Hull
Posts: 34
Re: Average cost of owning formula

33 foot boat - all in: slip, taxes, insurance, fees, towing, maintenance, upgrades - we are doing ok on a base budget of $6k per year and keep her well maintained and cruise ready - but our slip is only $200/month, and I am not counting about $10k for new standing rigging + mainsail + etc. that is budgeted for about 3 years from now.

"I'd rather have questions that can't be answered than answers that can 't be questioned" -~ Richard Feynman
polaris2.11 is offline   Reply With Quote
Old 15-08-2016, 22:21   #32
Registered User
buzzstar's Avatar

Join Date: Apr 2012
Posts: 312
Re: Average cost of owning formula

Originally Posted by icedog11 View Post
Is there any standard formula for annual cost of yacht ownership either per foot or by another metric.
As you can see, there are no real standards, and many varied opinions and pretty much meaningless individual unrelated examples. Another consideration, is the interest of the provider. For example, both brokers and boat sellers would probably be low, as those with bad individual experience would might tend to be high.

There is nothing wrong with the 10% number at some level, just as there is nothing wrong with 15%, or some other number, it is not a discipline or a science. You should remember two of the standard aphorisms about boats, especially as they grow in size: the hole in the water; as well as, if you have to ask....

As I am sure you have figured out, the closest you might come to a decent guess is knowing an truly open owner of the same or very close, make, model, and year operated in the same locale, with similar equipment, and operated on a similar schedule. But then, do not forget to factor in the value of your enjoyment. Good luck!

Brian, sometimes called "Old California"
Free advice may be worth even less than what you pay for it, or it may contain real gold.
buzzstar is offline   Reply With Quote
Old 17-08-2016, 09:39   #33
Registered User

Join Date: Oct 2014
Location: Marina Del Rey, CA
Posts: 179
Re: Average cost of owning formula

Originally Posted by dwedeking2 View Post
Good Month: Bank Account Balance - $20 (for beers at the bar)

Bad Month: Bank Account Balance + Credit Card Availability/2 - $10 (for cheap beers at the bar)

Good month: dreaming an upgrade.
Bad month: start looking for an odds job to cover a cost.

Sent from my iPad using Cruisers Sailing Forum
cpt_757 is offline   Reply With Quote
Old 17-08-2016, 10:21   #34
breaker of your dreams
sailorboy1's Avatar

Cruisers Forum Supporter

Join Date: Jul 2007
Location: Northeast
Boat: Hunter 410
Posts: 11,119
Re: Average cost of owning formula

Originally Posted by icedog11 View Post
Is there any standard formula for annual cost of yacht ownerships.
NO! There is only internet formula discussions
stop blowing smoke up my rear, blow it at the sails instead
sailorboy1 is offline   Reply With Quote
Old 17-08-2016, 11:24   #35
a64pilot's Avatar

Cruisers Forum Supporter

Join Date: Oct 2013
Location: Albany Ga.
Boat: Island Packet 38
Posts: 11,678
Re: Average cost of owning formula

I do not go with the 10% rule either, as I can't see it making sense.
I buy a new boat for 300K, it costs 30K a yr?
I buy an old boat for 30K, it only costs 3K per year?
Substitute a house, car , airplane or anything just about for boat and it doesn't make sense, I don't think it does for a boat either, although maybe on AVERAGE people spend 10% for an average boat I don't know.

I'm in the it cost either what you have or are willing to put into the thing. I have spent and will spend a lot more than 10% for at least another year, then hope the excess spending will buy a couple years of lower than average spending.
I have put a lot of Luxuries, not needed, but nice to have things in ours as I am having to work longer than I wanted to or needed to, so I guess I splurge some, and I think these things will help keep the better half happier, and I know if she is not happy, well you know the rest.

Funny thing is, it's easy for me to show you what an airplane will cost you per year as engine and propeller life is known as is overhaul cost, insurance, hangar etc are fixed.
But a boat isn't nearly as easy to determine costs long term.
A blown engine, blister job, lost rig, will throw the averages out of wack for a long time.
a64pilot is offline   Reply With Quote
Old 17-08-2016, 12:35   #36
Hudson Force's Avatar

Cruisers Forum Supporter

Join Date: Nov 2008
Location: Living aboard & cruising since 1972
Boat: Morgan OI 413 1973 - Aythya
Posts: 7,059
Images: 1
Re: Average cost of owning formula

Much of the costs are varied by how much, as an owner, you are willing, free and capable of controlling the costs. I recently replaced 14 port lights for a total of $1,500. I spent as much money on twelve of the fixed port lights as I did for two higher cost, but very nice, aft cabin opening port lights. Everything was ordered online and installed myself. My $1,500 project, that I'm extremely pleased with, could have been $4,500 if I had selected the more expensive port lights for all 14 locations and my $1,500 cost could have gown to $9,000 if I had just taken my boat to a yard and signed off for all the parts, installation and labor.

It's the same with marina costs. We can rent a slip for a month for our size boat at a cost of $450 or $1,200. We can buy a daily rate for $45 or $200.

We don't often find that the more expensive choices offer equivalent value for the increased cost.

Take care and joy, Aythya crew
Hudson Force is online now   Reply With Quote

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Cost Of Owning A 30ish Foot Boat DonZe Boat Ownership & Making a Living 19 20-06-2015 23:39
Cost of owning a 40'ish boat Max Sail Monohull Sailboats 27 30-03-2013 15:29
Average Cost to Go Solar / Wind on Sailboat ? markmark Electrical: Batteries, Generators & Solar 44 24-09-2011 23:53
Average Liveaboard Cost / Foot unbusted67 Liveaboard's Forum 17 05-06-2010 18:19
Average Cost of Maintenance - Cat vs Mono forsailbyowner Dollars & Cents 2 26-09-2009 07:53

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

Copyright 2002-2015 Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 07:13.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.