Join Date: Aug 2001
Location: Noank, Connecticut, USA
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Re: Boat Buying Costs
I've seen that figure before, and I'm prepared to work with it if all else fails, but at best it represents a vague number. What I'm trying to do is hammer down fixed costs.
- Insurance, marina costs, winter wrap, basic maintenance... these things are predictable, annual expenses that I'd like to identify.
- Transfer fees, surveys and such are one-time purchase costs that I'd like to identify.
- Longer term maintenance costs like new sails depend largely on rate of use, conditions and quality of care. If I'm not out there racing every Wednesday evening, I don't think it'd be appropriate to anticipate the same rate of spending.
Anyway, I've had another talk with the Marina and narrowed down their costs: $84 / ft for the slip, haulout, launch, pumpout and hydro. $4 / sq ft for winter storage. (she conveniently failed to mention that part the first time we spoke) That works out roughly to $4k + tax per year for a 37 foot boat.
Specifics are good. I like specifics.
Generalities are for people who aren't married to accountants.
You are going about it the correct way. Keep shopping around yourself for the things you will need. Prices vary drastically by location and individual business.
Doing all/most of your own labor will keep your costs way down. Then again, if you make more per hour than the yard charges and have limited free time it makes sense to pay someone else.
'88 C&C 30 MKII