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Old 08-04-2011
fredct fredct is offline
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Sailboat Cost of Ownership

I am a new member looking at buying a used sailboat. As much fun as it is to imagine the lifestyle, I am trying to realistically assess the annual out of pocket expenses of sailing. I have pasted below a rough model that breaks down the cost into annual expenses and one-time expense (mainly boat purchase and lessons). The bottom line: it costs about $15k to operate a sail 35' to 40' boat in the North East to which one needs to add finance costs. I would appreciate if experienced members would look at my itemization and tell me if I forgot something. I left out depreciation to keep things simple. Sorry about format.

Annual Expenses

Berthing/storage
Winter $2,360
Slip $4,080

Fuel $1,000

Maintenance
Sand & paint the bottom $1,500
Varnish the interior $200
Routine engine $300
Wax the hull $250
Toilet maintenance $200
New running rigging $267 5 year life
Sail wear and tear $1,000
New standing rigging $800 8-10 year life
Unexpected events $1,000 Everything else!
Subtotal maintenance $5,517

Regulatory fees
CT registration $250 Paid annually
Insurance $1,500 Annual

Annual total $14,707

One-time expenses

Purchase Boat $75,000
Surveying $1,200
Tax $4,688

Lessons/training/courses
ASA 101-5 $1800

One time Total $82,698

Finance $7400 (75% of total price over 10 years)

Total cost of ownership $22,111

First year out of pocket $40,869 (Annual cost + 25% down payment)
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