Unfortuantley rental rates show you how much it really costs to own and operate a large boat, especially if you only want to use it occasionaly.
Assuming a 15 yr loan at 8% on a new $250k boat, you are looking at monthly payments of over $2400 or $300/month for a 1/8th share. Add another $5k/yr for slip fees
and winter storage
, another few grand for general maintenance
is probably crazy high because it's considered a rental boat, you need to pay someone to manage it and then add a reasonable profit margin. Several hunderd per month is what it costs to do buisness.
Do an on demand rental and those numbers go up even more because you can't count on any rentals over the winter months. Also after 5yrs, you no longer have a recent model so people expect lower rental rates.
It's probably cheaper to pick up an older rough around the edges 3200 model for $30-40k, do the maintenance
yourself and get a cheap
slip and let her sit most of the time.