Re: How much maintenance and repair, really?
If you do ALL the work yourself, AND you start with a boat in OK shape, you can probably keep it in that shape for about 10% of the purchase price per year (give or take). But, that doesn't count upgrades, accidents, et cetera.
So, buy a boat for $10k, expect to spend about $1k (on average) every year. Buy the same make, model, and year boat for $20k (assuming both boat were bought for "fair" prices) and it will take about $2k per year to keep her in the better shape her higher price commanded. In other words, if you buy a boat in OK shape it will take less $$$ every year to keep her in OK shape then you would spend to keep a "really nice" boat in "really nice" condition.
Then again, buy a $40k boat and only put $1k per year into her and she'll pretty quickly become a $10k boat. By the same token, if you buy a $10k boat and sink another $10k into her in upgrades, you should expect to spend about $2k per year to keep her at that higher condition.
Remember, these are just rough averages. Your "milage" may vary.
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Last edited by SlowButSteady; 07-17-2013 at 02:19 AM.