Cost of Boat Ownership

Dream_Inn

Well said luvin!  We use the heck out of our boat every summer as well.  We don't take that many friends out very often (mainly cause they all have something going or we always go overnight), but they do meet us sometimes on Friday night at the dock(if we are there) or somewhere anchored.  Once in while they mention the expense, but I usually say "well, we all spend it somewhere" and leave it that.  But it's mostly anchoring with other boating friends that know exactly why we do it almost every weekend.  

luvinlife

Hoping now that we are in a marina rather than trailering we will meet some boating friends to anchor with and share weekends. We,too, stay over often but typically bring guests back to the dock at the end of the day. A 270 technically sleeps 4 but you need to be good friends in those confines to add another person or couple for overnight. 

Willhound

Hah! Curious that this post from over a month ago got revived. Must be winter. When I started the thread I saw it as a way of providing a point of view of our experience as first time "cruisers". I've been around and owned boats for over 40 years, but mostly smaller runabouts and fishing craft, small lakes and rivers, day use only. As I originally stated, we thought long and hard before taking the step to becoming "boaters" as a lifestyle choice and a recreational outlet. Over the years I've golfed, fished and hunted (still do to an extent) and had a few other hobbies but I would have to say that this is the largest commitment we have made, not only in dollars but also in time, thought and direction in life. It is definitely an addiction. Now that we have a season under our belt I know that it is something I will enjoy for many years to come. The cost break down I provided was an exercise I thought might be useful for anyone else contemplating making the commitment. I agree that you can't really put a price on the enjoyment, the friends and good times that large craft boating brings. I do however take a bit of an exception to the attitude that "if you have to ask, you can't afford it", or "cost is no object to the end result". Just as there are many of us on here that have had success in life, or good luck financially there are others who have worked long and hard and gotten to a point in life where they can make the choice to become boaters, but the cost, or at least keeping an eye on the dollars will always be a consideration. In my opinion this latter group deserves just as much respect and consideration as the group that doesn't worry about the price of happiness.
In the end we all share a common dream.

randy56

@Willhound After reading your post we know how old you are 

A off topic question for you, I'm looking to invest in a company in your town called Canopy growth, if you have any onsite PM  please. getting ready to purchase there stock.

Ian

Michael T said:

@icoultha agreed BOAT. Being Out At Teller.

Break Out Another Thousand......

Dream_Inn

@Willhound, love reading your post, you sure are an original on here. I can be known as a penny pincher, but when it comes to boating with the family and friends, I'll splurge. My wife and I worked very hard for what we have (like many here I'm sure), but the boat is our addiction and something we all agree on.

goalie59

Will hound I hear you. Both the Admiral and myself have had boats all our lives. When younger at family cottages and trailered behind the family car. Boating is something that is in our blood and I am so glad that she shares the same desire. We were out of boating for four years because our kids were at that stage of their life and we thought we would concentrate on their need. Those four years were heII. There is still those times when walking past the loading ramp that we smell the old Johnston or Merc two stroke motors starting that it brings back the memories of years past..l will never forget my boating days. There is a saying, “ you never wish that you spent more time at work but you do wish that you spent more time boating”

Michael T

@randy56. IMO. top three  you speak of in this order:
Canopy (WEED), Aurora (ACB) & Aphria (APH). Honorable mentions to HIP and TGOD.

Many bought Canopy (WEED) at $11.00 CDN. It is now around $34.00 CDN. Have been told these stocks have legs to 50$ plus CDN Some investing friends think $75 CDN is probable. 

As for any non-Canadians - if using USD you will have at least a 20 + %  monetary advantage. 

If more comfortable with an ETF  you might consider the Horizions Marijuana Life Sciences Indexed ETF (HMMJ)..... a basket of ten varied stocks with big hitters included.

I have no authority or financial training to make these opinions and am not making a recommendation of any nature and most surely recommend you do research.

This opinion relates solely to the purchase of stocks legal by classification in Canada via the TSX and possibly in other countries. I  neither have nor will I ever use or retain in any manner whatsoever, any product related to this topic nor do a recommend doing so.

I recommend strictly adhering to all Federal and State laws as they apply to your jurisidiction.

YYZRC

Bringing this one back. This 2009 360 is deal pending at $199k Canadian or nearly double what I paid for my 2008 350 last year at this time. 

At these values, my boat is paying me!!

aero3113

WoW!!

andyd

My slip fee just increased 25% because a group of Newport Beach investors took over marina management and want to take it "upscale." Now paying $6K/year for the slip, or $16.50 a day. Since I can boat 365 days a year and the median price home in the neighborhood is well over a million bucks, being on the waterfront in California it's still a good value. The boat is long ago paid for and running great lately. Andy

YYZRC

My area is about $4500 USD for 6 months in the water. 

Grahamu

My boat budget for a year is CDN $15,000. 60% of that is dockage/storage. The rest is for fuel, 4 weeks cruising and service/repairs. Hopefully repairs are minimal and I don't spend it all 😊

YYZRC

Did you store indoors @Grahamu ?

Grahamu

@YYZRC, no I'm hauled in my slip, $8500 for the year.

YYZRC

Covered slip?? Seems expensive!

halifax212

Surprised no one has mentioned the cost of fuel this year. We are pushing $1.60/litre for regular, supreme almost $1.70. Add another 20% at the docks. Hopefully this settles back a bit before summer...OUCH!   

Grahamu

@YYZRC, it's an oversize covered slip but that's what was available, hoping to get a smaller one but no one is leaving.

Aqua_Aura

We are $3.95 a gallon non ethanol on the water 

@halifax212 I calculate that at $6.04 a gallon 😮 is that correct. 3.78 liters per gallon? 

The cost of boat ownership elsewhere seems ridiculous compared to what I pay. My yearly cost for dock is about $2000 stays there all year. 

randy56

Just fueled up the center console. It was $4.40 per gal for the good stuff - non ethanol, the pump auto shut off at $75 so I got 17 gallons. This was at the gas station not on the water. It's over $5 on the water here in FL.

Handymans342

I don't have a boat

YYZRC

Aqua_Aura said:

We are $3.95 a gallon non ethanol on the water 

@halifax212 I calculate that at $6.04 a gallon 😮 is that correct. 3.78 liters per gallon? 

Yes in $ CAD so about $5 USD. Lots of tax on our gas. 

LaRea

My yacht club slip is $3k/year plus some volunteer time.  A similar slip at a commercial marina would be $5k or more.  

Aqua_Aura

If my wife ever questions how much we spend on boating I'll have her refer to this thread 🤣. 

aero3113

@Aqua_Aura we should start a decoy thread for them 😂😂

bella-vita

$1100 for my slip which includes fully stocked club house! $3600 for haul in and out and inside heated storage gas I pre bought 500 gallons last year at $1.79 still have 200 gallons to use this season.

LaRea

@Aqua_Aura tell her to check out Annapolis Yacht Club.  It's $11k to join, $2k/year, have to spend at least $150/month at the clubhouse.  That cost does not include slip fees.  

raybo3

I pay $600 in dues and for my 342 (37 loa) it's $1190. That includes slip, water and electricity. No work hours because I am a "life member" (over 20 years). My winter storage is outside for $1895 and it includes haul out, power wash, blocks and stands. Due to my work hours I have all winterizing and shrink wrapping done by the place I store at. Complete winterizing is about another $2500. 

Dream_Inn

LaRea said:

@Aqua_Aura tell her to check out Annapolis Yacht Club.  It's $11k to join, $2k/year, have to spend at least $150/month at the clubhouse.  That cost does not include slip fees.  

Yes, but is amazing!  At least it looks like it.  I sure couldn't afford to know.🙄

trip_n

its .......... A LOT