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Old 03-14-2013
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Re: Boat Buying Costs

Quote:
Originally Posted by mysterybee View Post
Hi Sloop!

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.
I think you're starting to see why a generalized figure is used - there are SO many little things that lots of them get overlooked and nothing on a 35' boat costs less than a boat dime ($100).

Unless you're a professional estimator, using a rule of thumb will probably prove to be a more realistic total.

Does the boat have charts? $20 a pop, charting tools? easy $50, hoses need replacing? $$$ per foot, light fixture dead? $50 on up each.

If you put a LOT of planning in you might get your initial expenditure pretty close but long term? Use the generalized figure.
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