7k for a slip, holy!!!!!!!!! You should own for that cost. Even on the big lakes, Ontario and Oneida north of us, you're looking at less than 1k a season. They must bring the lobster cooked right to your boat after they've loaded you up with free beer.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Expensive Hobby
- Thread starter Brian
- Start date
7k for a slip, holy!!!!!!!!! You should own for that cost. Even on the big lakes, Ontario and Oneida north of us, you're looking at less than 1k a season. They must bring the lobster cooked right to your boat after they've loaded you up with free beer.
After reading all the responses I am amazed the costs people incur. Dockage in some areas is three times the amount I pay. I am at Cedar point on Lake Erie that includes season passes and very good security. Also I noticed some had to pay personal property taxes. Is this paid each year like Real estate taxes?? I am curious what occupations people have to support the costs they are incurring.
- Joined
- Jul 12, 2004
- RO Number
- 14339
- Messages
- 36
Can't even begin to imagine what life would be without our boat. We spend between 40 and 50 days per year on board and love every second of it. We've been boating since 1980 and we can't even describe the enormous pleasure and relaxation we get from those hours away from "civilization". We're fortunate to live in California so we use the boat year around.
synchronicity
Member
- Joined
- Jun 3, 2006
- RO Number
- 21591
- Messages
- 6
Last year was the first year back to boating.
$1200 - 21' MacGregor with trailer
$650 - used 8hp, tank, lines, and plugs
$23 - 6 gallons gas at last years prices & 2stroke oil
$140 - tires
$2000 - VHF, anchor, life vests, halyards, sheets, upgraded hardware, cupholders, ebay 150 genoa, Magma & mount,etc, etc.
= $4013 plus food, beer, and the gas to get there & back (28 miles each way) Ten weekends (three 3 dayers)
= $175 per day, and a lot less this year.
BTW - I can recoup a Minimum of 50% - with a quick sale - depreciation?
Doesn't have to be an expensive hobby.
$1200 - 21' MacGregor with trailer
$650 - used 8hp, tank, lines, and plugs
$23 - 6 gallons gas at last years prices & 2stroke oil
$140 - tires
$2000 - VHF, anchor, life vests, halyards, sheets, upgraded hardware, cupholders, ebay 150 genoa, Magma & mount,etc, etc.
= $4013 plus food, beer, and the gas to get there & back (28 miles each way) Ten weekends (three 3 dayers)
= $175 per day, and a lot less this year.
BTW - I can recoup a Minimum of 50% - with a quick sale - depreciation?
Doesn't have to be an expensive hobby.
Mark,
Your insurance seems high and your fuel seems too cheap. You must get good mpg or you don't boat much. Do you use the boat 12 months? My insurance is $1642 for $440000 with 4 month stored. Full year use would run that up a bunch. Also do you live down south as i understand the insurance rates there are much higher.
John d
2005 Meridian 411 SB
Your insurance seems high and your fuel seems too cheap. You must get good mpg or you don't boat much. Do you use the boat 12 months? My insurance is $1642 for $440000 with 4 month stored. Full year use would run that up a bunch. Also do you live down south as i understand the insurance rates there are much higher.
John d
2005 Meridian 411 SB
quote:
Originally posted by Live2Dive
This is NOT healthy!! But, here goes..
Slip $6000
Insurance $7200+
Fuel $3500 last year
Boat $35,000 +
"Accessories" $20,000
There is nothing smart about this. It is simply what I enjoy doing with my life. I know others that get a lot less for their money. Lets not dwell on this.....
Addendum: One of the reasons I'm doing this now is so that I will have the skills I need when I retire so that I can be a long distance cruiser/diver. This is a "skill investment"
Worst of all situations, I live in Columbus, Ohio, and keep the boat in Ft. Lauderdale. We get down there about once a month. with a week or longer trip 3-4 times a year. My fuel costs have been low because I am just now getting more adventurous about going further away. I have a great engineer that takes very good care of the boat, but he is well compensated. There are only one or two companies left that will insure a 50+ boat in Broward county with non-resident owners. I heard of one guy who's insurance went up 150% last year without a claim. I guess I could move it to Lake Erie, but the diving SUCKS! there.
The current situation is manageable, but the real pay off is being able to retire to the water in 15-20 years.
The current situation is manageable, but the real pay off is being able to retire to the water in 15-20 years.
- Joined
- Feb 26, 2006
- RO Number
- 20354
- Messages
- 1,075
Yearly Ramp fee: $40.00
CA boat tax: $135.00
WTH!!!! And I was complaining that mine went from 16 to 25 bucks, wow. And I get a yearly ramp, sking, and fishing permit for every one in the boat for 100 bucks......D......
CA boat tax: $135.00
WTH!!!! And I was complaining that mine went from 16 to 25 bucks, wow. And I get a yearly ramp, sking, and fishing permit for every one in the boat for 100 bucks......D......
- Joined
- Jan 1, 2000
- RO Number
- 3223
- Messages
- 640
Well, we boated for years with a twelve foot inflatable and electric trolling motor. Fished it and island camped all over the Adirondacks, had a wonderful time. Yearly operating cost was......ZERO.
Experienced quite a change going to our 30 foot gofast. I always try to forget the annual costs. This thread is not helping.
Why do I keep looking at 58-62 foot Hats? I am sick, I admit to being a boataholic. LOOK OUT, it can happen to you too! <gg>
Experienced quite a change going to our 30 foot gofast. I always try to forget the annual costs. This thread is not helping.
Why do I keep looking at 58-62 foot Hats? I am sick, I admit to being a boataholic. LOOK OUT, it can happen to you too! <gg>
knotheadcharters
Member
- Joined
- Nov 16, 2005
- RO Number
- 19571
- Messages
- 100
Well here goes.
Payment: 515.00 month
Insurance: 130.00 month
Dockage: 410.88 month
Fuel: approx.: 400.00 month
Food,Beer Etc.: 300.00 month
Maintence: Varies but say 150.00 month
Living in Florida so I am able to boat year round wouldn't trade it for nothing but it is more than a hobbie for my wife and I.
Payment: 515.00 month
Insurance: 130.00 month
Dockage: 410.88 month
Fuel: approx.: 400.00 month
Food,Beer Etc.: 300.00 month
Maintence: Varies but say 150.00 month
Living in Florida so I am able to boat year round wouldn't trade it for nothing but it is more than a hobbie for my wife and I.
Coming back to boating again this season..
payment around........... 1750 p/month
dockage..................... 6k yr
fuel........................... 8k yr
insurance .................. 2k
winterize/hauling ........ 3k w/shrinkwrap
rainy day fund ........... 3k p/yr
Travel budget for trips ... 150 ave p/day ** 45 days excluding Fuel
Maint---new boat under warranty (if deal comes together soon)
Considering the money our friends spend for college and we have no kids (DINK) it's a Great Deal
Happy boating,
Mark
payment around........... 1750 p/month
dockage..................... 6k yr
fuel........................... 8k yr
insurance .................. 2k
winterize/hauling ........ 3k w/shrinkwrap
rainy day fund ........... 3k p/yr
Travel budget for trips ... 150 ave p/day ** 45 days excluding Fuel
Maint---new boat under warranty (if deal comes together soon)
Considering the money our friends spend for college and we have no kids (DINK) it's a Great Deal
Happy boating,
Mark
quote:
Originally posted by giolic
Coming back to boating again this season..
payment around........... 1750 p/month
dockage..................... 6k yr
fuel........................... 8k yr
insurance .................. 2k
winterize/hauling ........ 3k w/shrinkwrap
rainy day fund ........... 3k p/yr
Travel budget for trips ... 150 ave p/day ** 45 days excluding Fuel
Maint---new boat under warranty (if deal comes together soon)
Considering the money our friends spend for college and we have no kids (DINK) it's a Great Deal
Happy boating,
Mark
I know it's all what you make and how you spend it but 43k+ per year!!!?? Well, you're right that's close to a year's worth of tutition at a private school. I've got to keep my eyes on this thread. I feel great at under 1k a year for everything on my 20' Four Winns cuddy. I'm passionate about my boat and I make a good buck but I couldn't see my passion going into that $$ category. Ouch!
Even if I paid cash and that would be stupid it's still to much and I'm sure I'm missing something.
The bright side, not paying 20-50k per yr for the kids to party at college.
Don't get it myself but it is what it is.
The bright side, not paying 20-50k per yr for the kids to party at college.
Don't get it myself but it is what it is.
quote:
Originally posted by giolic
Even if I paid cash and that would be stupid it's still to much and I'm sure I'm missing something.
The bright side, not paying 20-50k per yr for the kids to party at college.
Don't get it myself but it is what it is.
Please don't be offended by my earlier comments. Hell, it's money and you can't take it with you so enjoy it; and, you happen to be enjoying what is my biggest passion in life- -can't ski anymore due to ripping my shoulders up over the years. The one flaw in your financial strategy is that usually kids get out of school in 4-5 years. Maybe you could name the boat Tutition Payment. Here again, the most important thing is it's only money. Enjoy it!
quote:
Originally posted by dritter
I refuse to keep track of the money spent. A long time ago I said I would never add up my expenses at the lake. It is better not knowing!
There is value in ignorance being bliss. To know such financial pain couldn't be good for your health (LOL).
I use Quicken and have a separate category for all "Boat" costs. I am not foolish enough to every look at the summarized annual costs. Someday I might but why get upset over it. Like others have said, it's a way of life we all choose to live.
- Joined
- Jul 31, 2005
- RO Number
- 18518
- Messages
- 188
Most things we enjoy cost money. We do not belong to the country club we do not play golf or the dinner clubs, plenty of good restruants. We do enjoy our boat. Our grown children like to ride occasionally. But it is what we enjoy doing together and with our boating friends. Our boat is sized to fit our boating needs and our pocketbook. We trailer to different bodies of water and live on board while we cruise. When we dream of a larger boat we consider the cost of operations and the loss of trailering ability. We like the 37 Dancer but it does not fit now.
Vince
Vince