Anyone add up their seasonal costs for 2011?

Dani-Lu said:
In my case, i have an idea of how much it costs, but as long as I can afford it, It doesn't matter. How do you put a value on going on vacation every weekend for 4 plus months per year? How do you put a value on seeing some of the most perfect sunsets? How do you put a value on the most wonderful times spent with our family and friends? Life on the water is about life, not money. I only wish it was cheaper, so many other hard working individuals could experience it. It just doesn't get better! For those that make sacrifices to be on the water, think of it this way: When it is your last day on this planet, are you going to remember the new things you have done in your homes, or are you going to remember the wonderful moments in time you have spent with your loved ones on your boats? For me, I won't be thinking of the new leather couch I bought for my den or the new kitchen, rather I will be remembering the most wonderful moments in my life on my boat with my family and friends. My goal: enjoy this life for all it's worth, it ain't lasting forever, and when it ends, No Regrets! Now go out there and enjoy your boats before it snows!
Click to expand...

Well said!!:smt038
 
Payment: $0
Fuel for SLX = $876 Sea Doo= $146
Sea Ray hours this season ( so far) = 38
Sea Doo hours this season ( so far) = 11
Repairs = 0
Winterization for Sea Ray (forthcoming in Nov) = $375 includes Bravo III service, engine oil change, filter, and regular winterization stuff
Winterization for Sea Doo (forthcoming in Nov) = $231 includes oil and filter change and winterization stuff
Dock fees = $0

Had a stunning afternoon on the Sea Ray today and will have another week upcoming later in the month. Can't wait.
 
Whatever it cost me, it was worth it.
 
My total costs (estimated) would be in the area of 4000.00
and that includes fuel, registration, improvements, launch fees, and the original 2800.00 pruchase price of the craft.
logged about 8hrs on the engine and a few full days and a couple weekends on the water
since I didn't buy her till July ...not bad time on water with my work schedule.
 
Did not get out enough due to the heat and I am not going to figure out the costs. That would make my CPA mind flip. When the boat was out it was great, and it is in the water for 3 more weeks!
 
YOU CAN'T HANDLE THE TRUTH! (Sorry about the yelling.)

"By the hour....." 2005 340DA - We estimated about $335/hour of engine time, about $17/hour (or less) on the boat.
"By the hour....." 2008 44DB - We estimated about $850/hour of engine time, about $20/hour (or less) on the boat.

Per Month:
$450 Insurance
$1100 Payment (This is low because only part of the payment is real cost - the non-deductible interest)
$350 Docking
$500 Fuel (Low estimate?)
$500 Maintenance (Saved up over time for bottom paint and other necessities)
$2500 Depreciation (This is the real cost. Hopefully, we bought right and will keep it for a while so this may go WAY down)

$5400/Month
$65,000/Year
$850/Hour at 75 Hours per Year

If you do use $2500/month depreciation ($30,000/year), this is under 10 percent depreciation. This sounds optimistic, but if I were to have paid closer to retail, say, 30% off asking, and then taken 30%, 20%, 10%, 10%, 10%... depreciation, I would be coming up with higher values than I am in my current estimates. In other words, I'm being more conservative with my numbers above.

Also, if you use $2500/month, then the boat is valued at next to nothing in 15 years, and I think that if you ask some of our more seasoned experts on this forum, that is a plenty conservative approach. A more realistic number may be $250,000 in 15 years if you look at inflation (wild guess). We bought our 1997 250DA for about $53,000 in May 1997 and sold it for $26,500 in May 2007 - Exactly 50% in 10 years. That was rosey due to the boom years of the late '90s. Lets say we can expect 40% of a realistic sell price (30% off asking price new) after 10 years of ownership. If that would put a 44DB (absolutely loaded) at about 600,000 (most people paid around 650,000 I've heard), then it would be worth about 250,000 after 10 years. Conservatively, a well kept 44DB should go for about 250,000 in 2022 by my estimation. This allows for many, many years of inflation at a conservative rate.

YOUR BOAT: By my numbers, if your boat's asking price NEW was 100,000 (for ease of math), and you paid 70,000, my guess is that when it was 15 years old it would sell for 40,000. Remember, I paid 53,000 and sold for 26,500 after 10 years.

On the other hand, if we had to turn around and sell it in the near future, we would not be upside down, but we would likely be out too large of a portion of our 18% down payment.
 
Actual numbers on our 340 over a 4 year period (rounded off).

Per Month:
$200 Insurance
$150 Dock
$500 Non deductible interest
$500 Fuel
$400 Maintenance and many, many upgrades, and extended warranties...

Bought when 2 1/2 years old at 163,200. New asking was probably 300,000. New purchase price should have been 210,000 - probably higher in '05?
Traded for 100,000 in order to take advantage of HUGE price reduction of new boat. Saved $7,000 in taxes. Should we call it 115,00 as a realistic selling number?

163,200 minus 115,000 is 48,200, or $12,000/year for four years, trading away in a very low market. My guess for depreciation on that boat was $1,000/month. I was exactly correct. Remember, my estimate was based on my purchase price point, and I can't afford to underestimate.

So, with Depreciation being $1000/month, the total cost was $2,750/month. At 85 hours/year actual useage, that makes the price $390/hour. (We really boat 75 hours per year, but we traveled 700 miles in the first 4 days getting the boat home and then used the boat about 85 hours in a month long cruise.)

DON'T SLOW DOWN YOUR USAGE DUE to hourly costs!!!!!!!!!!!!!! This only makes the hourly costs go up because most of the expenses are fixed. If you can't afford gas and can't afford to sell your boat, you don't have a choice. Just don't let these number affect the way you boat.
 
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Hampton said:
YOU CAN'T HANDLE THE TRUTH! (Sorry about the yelling.)

"By the hour....." 2005 340DA - We estimated about $335/hour of engine time, about $17/hour (or less) on the boat.
"By the hour....." 2008 44DB - We estimated about $850/hour of engine time, about $20/hour (or less) on the boat.

Per Month:
$450 Insurance
$1100 Payment (This is low because only part of the payment is real cost - the non-deductible interest)
$350 Docking
$500 Fuel (Low estimate?)
$500 Maintenance (Saved up over time for bottom paint and other necessities)
$2500 Depreciation (This is the real cost. Hopefully, we bought right and will keep it for a while so this may go WAY down)

$5400/Month
$65,000/Year
$850/Hour at 75 Hours per Year

If you do use $2500/month depreciation ($30,000/year), this is under 10 percent depreciation. This sounds optimistic, but if I were to have paid closer to retail, say, 30% off asking, and then taken 30%, 20%, 10%, 10%, 10%... depreciation, I would be coming up with higher values than I am in my current estimates. In other words, I'm being more conservative with my numbers above.

Also, if you use $2500/month, then the boat is valued at next to nothing in 15 years, and I think that if you ask some of our more seasoned experts on this forum, that is a plenty conservative approach. A more realistic number may be $250,000 in 15 years if you look at inflation (wild guess). We bought our 1997 250DA for about $53,000 in May 1997 and sold it for $26,500 in May 2007 - Exactly 50% in 10 years. That was rosey due to the boom years of the late '90s. Lets say we can expect 40% of a realistic sell price (30% off asking price new) after 10 years of ownership. If that would put a 44DB (absolutely loaded) at about 600,000 (most people paid around 650,000 I've heard), then it would be worth about 250,000 after 10 years. Conservatively, a well kept 44DB should go for about 250,000 in 2022 by my estimation. This allows for many, many years of inflation at a conservative rate.

YOUR BOAT: By my numbers, if your boat's asking price NEW was 100,000 (for ease of math), and you paid 70,000, my guess is that when it was 15 years old it would sell for 40,000. Remember, I paid 53,000 and sold for 26,500 after 10 years.

On the other hand, if we had to turn around and sell it in the near future, we would not be upside down, but we would likely be out too large of a portion of our 18% down payment.
Click to expand...

If you recieve 250k in 10yrs for the boat you paid 600k for today, add another 50k in cost because that future amount is only worth 200k today. This comment is based on the assumption that the next 10yrs of inflation will be similar to the previous 10yrs which was a cumulative 25+%.
 
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We went out with some neighbors on Saturday for a 4 hour cruise and at the end of it I got the numbers off the hour meters. We put about 86 hours on the boat this summer. I don't have a total of miles covered but it wasn't much. The majority of our cruising was less than 5 miles each way, and we didn't ever venture more than about 25 miles away. In that 86 hours we spent about 10-12 nights aboard plus we went out for day trips about 2 times a week.

We got off cheap for fuel. I only put in 100 gallons @ $390. Don't let the low fuel bill fool you. I filled the boat in Portland, OR last August when we brought it home. Since then I have only added the 100 gallons, but before winter I'll fill it and I suspect that will run up around 500 gallons. I guess that means we burned about 8-10 gallons per trip out, so somewhere around $32-$40 per trip.

Insurance runs about $800, my slip costs $2,500 a year, I probably spent a grand buying things for the boat, my Galley Wench probably spent another grand for new rugs and things to decorate inside. Hopefully that part is now winding down.

All things considered, we've enjoyed the he!! out of this new boat so I'd have to say the total cost is..........Priceless

On a side note....we're definitely not done boating for the year. We continue boating throughout the winter and two major events for us are the Christmas Lighted Boat Parade and our annual New Year's Day Cruise!!!
 
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I quit counting. It costs "x" to sit in the slip. It costs slightly more than "x" to take her out every weekend of the season. I'm at "x" plus a smidgen (a smidgen is less than slightly more!!) because of a TON of rain this year......

Just DAMN!
 
Hampton said:
YOU CAN'T HANDLE THE TRUTH! (Sorry about the yelling.)

"By the hour....." 2005 340DA - We estimated about $335/hour of engine time, about $17/hour (or less) on the boat.
"By the hour....." 2008 44DB - We estimated about $850/hour of engine time, about $20/hour (or less) on the boat.

Per Month:
$450 Insurance
$1100 Payment (This is low because only part of the payment is real cost - the non-deductible interest)
$350 Docking
$500 Fuel (Low estimate?)
$500 Maintenance (Saved up over time for bottom paint and other necessities)
$2500 Depreciation (This is the real cost. Hopefully, we bought right and will keep it for a while so this may go WAY down)

$5400/Month
$65,000/Year
$850/Hour at 75 Hours per Year

If you do use $2500/month depreciation ($30,000/year), this is under 10 percent depreciation. This sounds optimistic, but if I were to have paid closer to retail, say, 30% off asking, and then taken 30%, 20%, 10%, 10%, 10%... depreciation, I would be coming up with higher values than I am in my current estimates. In other words, I'm being more conservative with my numbers above.

Also, if you use $2500/month, then the boat is valued at next to nothing in 15 years, and I think that if you ask some of our more seasoned experts on this forum, that is a plenty conservative approach. A more realistic number may be $250,000 in 15 years if you look at inflation (wild guess). We bought our 1997 250DA for about $53,000 in May 1997 and sold it for $26,500 in May 2007 - Exactly 50% in 10 years. That was rosey due to the boom years of the late '90s. Lets say we can expect 40% of a realistic sell price (30% off asking price new) after 10 years of ownership. If that would put a 44DB (absolutely loaded) at about 600,000 (most people paid around 650,000 I've heard), then it would be worth about 250,000 after 10 years. Conservatively, a well kept 44DB should go for about 250,000 in 2022 by my estimation. This allows for many, many years of inflation at a conservative rate.

YOUR BOAT: By my numbers, if your boat's asking price NEW was 100,000 (for ease of math), and you paid 70,000, my guess is that when it was 15 years old it would sell for 40,000. Remember, I paid 53,000 and sold for 26,500 after 10 years.

On the other hand, if we had to turn around and sell it in the near future, we would not be upside down, but we would likely be out too large of a portion of our 18% down payment.
Click to expand...


JEEZ John, take a breath! You really need to stop using logic in your calculations or you will make people cry. I can't think of many better ways to throw maney away myself...
 
Dani-Lu said:
In my case, i have an idea of how much it costs, but as long as I can afford it, It doesn't matter. How do you put a value on going on vacation every weekend for 4 plus months per year? How do you put a value on seeing some of the most perfect sunsets? How do you put a value on the most wonderful times spent with our family and friends? Life on the water is about life, not money. I only wish it was cheaper, so many other hard working individuals could experience it. It just doesn't get better! For those that make sacrifices to be on the water, think of it this way: When it is your last day on this planet, are you going to remember the new things you have done in your homes, or are you going to remember the wonderful moments in time you have spent with your loved ones on your boats? For me, I won't be thinking of the new leather couch I bought for my den or the new kitchen, rather I will be remembering the most wonderful moments in my life on my boat with my family and friends. My goal: enjoy this life for all it's worth, it ain't lasting forever, and when it ends, No Regrets! Now go out there and enjoy your boats before it snows!
Click to expand...

And I second it. !!

Boat hauled up in the slip this week. I can feel withdrawal coming on. Already have my brain doctor appointments scheduled.
 
Woody said:
If you recieve 250k in 10yrs for the boat you paid 600k for today, add another 50k in cost because that future amount is only worth 200k today. This comment is based on the assumption that the next 10yrs of inflation will be similar to the previous 10yrs which was a cumulative 25+%.
Click to expand...

Exactly.
 
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