Join Date: Feb 2002
Thanked 0 Times in 0 Posts
Rep Power: 16
How much does it really take???
For a $50,000 boat in the 35'' range, you could be facing...
$10,000 down payment (20% for used boat is pretty standard)
$500 for insurance (coastal)
$500 for bank fees, registration transfers, coast guard docs
$350 survey (assuming you hire someone that charges $10 per foot, and has a clue. Others can be found cheaper).
$150 for the survey haulout
Slip fees, some places want a deposit and first month, so you could see this run about $500 depending where you''re at.
Engine overhaul (JUST DO IT) hire a mechanic certified on your engine, have him/her change all the filters, oil and check the pumps. Ask lots of questions about how you can change your own oil and filters. If you''re lucky, $250, if you need some work done, who knows, replacing your pumps isn''t a bad idea, unless you KNOW the how the boat was maintained. Could cost $1,500.
Replace sanitation hoses. $30.
New gear. Oh, trust me, you''ll need it. Get a new fresh-water hose, possibly a new power cord, a backup GPS and radio (who knows how much longer the one one the boat you''ll buy might last), ruggs, cups and plates...all that good stuff you''ll want fresh $1,000-$2,000.
Chart books, books on your engine, Don Casey books, 12 volt electrical books, cruising guides...$200.
Got a Dingy with it? Most people keep theirs, it seems. Low-end dink with a small engine could be as low as $1,500. High-end dink with good engine $5,000.
Usually when boats go up for sale, the bottom paint is at it''s limit (not always, but that''s my experience). So count on having the hull painted within a year. $500-$700.
Gotta buy spare parts. Get impellers for all the pumps. Have at least one spare freshwater pump around. Spare filters, and belts. Actually a spare fuel pump and oil pump isn''t a bad idea if you''re heading off shore. Spare bulbs too. $1,000? Who knows, but leave a space in the budget for it.
I''ll think of more later. You might also need new rigging. A $50,000 boat will most likely be at least 10 years old, and rigging usually gets changed every 10 or 15 years (some say 7-10 years).