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Old 03-14-2013
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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.
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Last edited by SloopJonB; 03-14-2013 at 01:31 PM.
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