Cost of Ownership?
Hi everyone, I am new to the forum.
I am looking at a 28-30 foot cruiser like an O'Day, Pearson, Sabre, or Cal (80's vintage most likely). I will be co-owning the boat with a friend. We were talking the other night about how to split the inevitable costs that come up, like new lines, engine repair, sail repair/replace, and so on.
I proposed that, like in the aviation community, every time we go out on the boat, we pay ourselves some amount of money that would go into a bank account to cover fixed costs (insurance, mooring, etc.) and potential unforseen costs. For example, every time one of us takes the boat, we write a check for $50 for a 1/2 day or some such thing.
Anyway, neither of us had an idea of what might be the average in the realm of "unforseen" costs...$2000, $10,000, $1 million? So, I figured I would ask anyone here who might have a similar sized boat to look back over the last 5 years or so and let me know what they have spend on fiber glass repair, engine repair, sail repair and so on.
I hope you all can help!