Scarlet, those who use the 10% figure do not include docking/storage on the hard
as they are not maintenance costs. An annual haul-out for anti-fouling
etc., would be included. Please keep in mind that many cruisers prefer to anchor
their boats and use dockage only from time to time.
In addition, I don't think that anyone is suggesting that the 10% per year figure would apply to all boats. Certainly, over the first several years of ownership
of a new boat, that would be extremely high. When dealing with a used boat
, it is contingent upon the age and condition of the used boat
at the start of service
for the new owner. In your hypothetical, if one 45 foot boat costs $500K and another $200K, we can assume that the more expensive boat is much newer (if not new) and in much better condition. In those circumstances the yearly maintenance could actually be less (if not much less) than on the cheaper boat.
You must keep in mind that sails
, standing and running rigging
, canvass, diesels, hatches, portllights, equipment
all have a limited life expectancy. Life expectancy will vary with not only age, but also use/abuse.
The diesels on my 20 year old cat have about 3400 hours and have been meticulously maintained (including rebuilt injection systems, frequent oil/filter changes, and other parts replacements
as required). I fully expect to get 6000 plus hours out of them with continued good maintenance, although can expect some additional repairs
during that period of time. Recently replaced diesels are, therefore, a very good thing on a used boat. Diesels on boats from the charter trade
that have 5-6000 hours, however, are ones which will have a limited additional life-expectancy regardless of their age. Remember, replacement is very expensive - to replace my two Yanmar
3 gm30's would currently cost about $25,000.00.
are also expensive - on a 45 foot cat, you could expect to pay about $15,000.00 for new working sails from a recognized loft (to say nothing of any storm sails, drifters, spinnakers). Here, life expectancy depends upon not only age, but use/abuse and the quality of the sails to begin with. Most boats coming off charter
will have only working sails and they will generally be at the end of the their life-expectancy. In my 4 years of ownership
, I have purchased a new mainsail
, staysail and am replacing my genoa
this year. I have puchased 'offshore' quality sails and expect them to last about 7-8 years, with a likely need to be recut in the interim, (once being used on a full-time basis - my present 4 - 5 month per year use in fresh water
would allow them to last much longer).
should last for about 7-8 years in a salt water environment
and the cost can easily get into the $4K to 5K range on a 45 foot boat. Items such as lifelines
will also need sporadic replacement - especially if the boat is equipped with the typical vinyl covered lines that trap moisture/salt around the wire. Figure on $ 2- 3K to replace these with high quality, 1X19 wire and fittings for a dual lifeline/gate set-up. Life expectancy for vinyl covered wire is also about 5-7 years, depending upon use (more in a fresh water
Batteries - it depends upon the brand, type and whether or not they were abused. Even if charging
was carefully monitored, 7 years is about tops for most 'golf cart' type lead-acid batteries. To replace the house bank/starter batteries/windlass battery
on a 45 foot cat intended for long-range cruising can easily run $3 to 5K.
and fixed portlights
will also eventually need replacing and 10 years, in my experience, seems about tops if the boat is used continuously in tropical areas and the windows have not been covered. Depending upon the number and size of hatches/ports, it would not be difficult to spend $10K even if they are sef-installed. I am in the process of replacing all of the hatches/ports on my boat and it was a northern, fresh water boat for all but 3 1/2 years of her life.
A canvass dodger
, sail cover
can also run into the $5-$8K range (my custom bimini/full cockpit
enclosure cost $5K alone). Life with full time use is probably 5-7 years with window replacment along the way.
Anyway, I am sure you get the idea. That is why, when shopping
for a used boat, the price
can vary so much. The boat with low hours on the diesels and recent sails/rigging can end up being much cheaper, even in the relatively short-term. For that reason it is very wise to avoid paying too much attention to the listed price
of two boats of the same vintage as condition and likely high-ticket maintenance/replacement costs can change the picture dramatically.