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I have to agree w/ SD about your plans and the maintenance issues. You also need to consider the costs & risks of dockage in FL in hurricane season and insurance. If you truly are limited to 65K...these annual costs AND maintenance (10% of value/year guestimate) may surprise you. On a PER DAY OF USE cost basis lets take a look:
Cost of boat: 65K investment at 5% cost of money = $3250 / year
Dockage: $12/foot monthly + electric= $5500 / year
Maintenance: MINIMUM $3K/year
Insurance: Figure $4k/year in FL
Depreciation of boat value: let's say $2k/year minimum
That's about $18K per year.
You are planning 6-8 weekends + a week vacation....let's call it 25 days a year of use...that is $720 per day AND you'll constantly be worried about the boat. Seems to me that you can do some pretty good chartering for $18 grand a year! How does three weeks a year in the Virgin Islands sound to you instead??
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