Financiers
New Member
Hey! I originally posted this on another forum, but was told that this might be a more appropriate place to post.
Here's my original post:
"Hey everyone,
Please excuse this extremely long post.
I'm looking into buying a small Sea Ray boat. Something like the 185 or 205 sport. I'm trying to figure out how much it will cost by including everything that I can possibly think of. I know the whole thing with boats is that you never know what might come up cost-wise. Obviously the "first year" of ownership will be high since it includes the actual purchase price of the boat. However, after the costs, I was a bit surprised to be honest.
Here are some of the costs that I estimated, please tell me about your experiences:
Boat: 10,000 - 20,000 (obviously hard to put a figure since I don't know the age of boat I will purchase)
Tax: 625-1250
Title (trailer): 150
Title (boat): 60
Gas: 2,000 (est)
Docking: 1600-2000 (est)
Winter storage: Not sure on figures
Insurance: 1500 (est)
Maintenance: 840-1680 (est)
Safety, etc (gps): 750
The second year would only include some of these, which still turns out to be around 6,000, which would seem like a lot, especially if I only buy a 10,000 boat. I know that boat ownership is expensive, and definitely want to price out everything before I am completely serious about purchasing a boat. Honestly, i'm probably not ready for boat ownership at this point in my life, but would like to get a ballpark figure so I know roughly how much it would cost.
P.S. I'm in Illinois if that makes a difference."
Here's my original post:
"Hey everyone,
Please excuse this extremely long post.
I'm looking into buying a small Sea Ray boat. Something like the 185 or 205 sport. I'm trying to figure out how much it will cost by including everything that I can possibly think of. I know the whole thing with boats is that you never know what might come up cost-wise. Obviously the "first year" of ownership will be high since it includes the actual purchase price of the boat. However, after the costs, I was a bit surprised to be honest.
Here are some of the costs that I estimated, please tell me about your experiences:
Boat: 10,000 - 20,000 (obviously hard to put a figure since I don't know the age of boat I will purchase)
Tax: 625-1250
Title (trailer): 150
Title (boat): 60
Gas: 2,000 (est)
Docking: 1600-2000 (est)
Winter storage: Not sure on figures
Insurance: 1500 (est)
Maintenance: 840-1680 (est)
Safety, etc (gps): 750
The second year would only include some of these, which still turns out to be around 6,000, which would seem like a lot, especially if I only buy a 10,000 boat. I know that boat ownership is expensive, and definitely want to price out everything before I am completely serious about purchasing a boat. Honestly, i'm probably not ready for boat ownership at this point in my life, but would like to get a ballpark figure so I know roughly how much it would cost.
P.S. I'm in Illinois if that makes a difference."