Senior Moment Member
Join Date: Jun 2011
Location: West Vancouver B.C.
Thanked 68 Times in 65 Posts
Rep Power: 5
Re: Boat Buying Costs
An old rule of thumb for a fully functional boat (no restoration needed) was 10% of the NEW cost per year for total operating costs. That would put you in the $15 - $20K range. With a sailboat it isn't linear though - you can have several cheap years and then need new sails - $$$$$.
Edit: the reason there are so many beaters going cheap is that people didn't believe that. When they found out it was true, the boat suffered. A similar thing used to happen to Jaguars - the low buy in deceived people into thinking they could afford it.
I, myself, personally intend to continue being outspoken and opinionated, intolerant of all fanatics, fools and ignoramuses, deeply suspicious of all those who have "found the answer" and on my bad days, downright rude.
Last edited by SloopJonB; 03-14-2013 at 01:31 PM.