Join Date: Aug 2006
Location: Los Angeles, CA
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Please help -- cont.
Yes, first boat. Didn't realize the insurance issue.
What is a good maintanance budget on a new boat?
I'm figuring around $270,000 for the boat with $50k down. $220,000 loan, I'm ballparking 9% for 20 years in $2,000/mo. Plus slip fees, live-aboard fees, electric, etc. Should be $3,000 before maintanence. About right?