Owner 4knot sb.
Join Date: Jun 2007
Location: East Stroudsburg, PA
Thanked 107 Times in 102 Posts
Rep Power: 9
Re: How did you get the money for your first sailboat?
My first boat was a "loaner" from my brother. He couldn't make the payments on his new(er) sunfish when he was 19... so I got it from him for the summer while Dad made the payments (boon for me)... I was 10.
My second boat was purchased as a sears overstock for $100. Brand new Sea Snark (styrofoam)... For the record, that was 1982. Also for the record, that is STILL being sailed. YEP you heard me, my brother (irony) has it in his possesion, and he had to make a new sail for it about 10 years ago. But the boat still sails, and still floats. It's go about 40 acres of dings in the foam, but it'll never sink! So yeah 30+ yo styrofoam sailboat still working.
My 3rd sailboat I bought myself when I was 28. I paid $2200 for it and put it on a credit card (yep)... I sailed the heck out of that Capri 14.2. Trailered it all over. When I finally sold it, I gave it away (not for any other reason but I needed the cash)... for $800 boat motor, battery, trailer, sails (and it was nicely equipped).
In 2010 I bought my 4th sailboat, a Capri 22. My wife handed me cash to buy it... it was cash she got from a cash out of her 401k to pay off some bills, and pay off the IRS for a huge income tax bill I got for doing a lot of work on the side (making too much extra cash)... It was $5000 (actually $4800 plus gas money to up state NY in my truck). Yep break the bank for a 22 footer.
Last year I turned around that $5000, and sold the boat for $5500, and put another $500 towards an upgrade to a 25 footer.
My point is... you can work your way up fast if you want. It doesn't have a cost a lot of money.
The numbers quoted here for an escape or a hobie seem high. Craigslist is your friend, find something used, but serviceable if you have the $$ in hand and buy cheap (its still a buyers market)... you can get an awful lot of boat for very little $$ now.
"Rum Line" a 1982, S2 7.9 - Production boat limit tester, blue-water bucket owner, with wine taste on a beer budget.