What is the average annual cost of ownership for a 40" boat?

Question

Say I wanted to buy this boat:

http://cgi.ebay.com/ebaymotors/1998-Silverton-39-foot-Motor-Yacht-One-owner_W0QQitemZ200205006038QQcmdZViewItem?hash=item200205006038

What should I expect anderage annual cost of ownership to be? How often will the engine & generator need to be rebuilt? How often will I need to fill the fuel tank for average usage(cruising around and linking up for some beverages). What will that run? Give me as much info as you can!

Answer 1

More than  you   will  ever   want  to    pay........   A boat  is a hole   in the water  into  which   you   put    money.

Answer 2

A general rule of thumb for maintenance is %10 of the value.

Answer 3

A 40 inch boat should not require much maintenance.

Answer 4

Boat ownership isn't cheap. Your ball park ownership of that boat is probably around 5k - 10k per year.

Answer 5

In Southern to Central Coastal California, Slip/mooring fees, insurance, preventative equipment maintenance (engine/electronics), interior and exterior cleaning.  Hull maintenance (those pesky barnacles).  Fuel varies depending on your destinations and your sense of conservation (you'll learn what 'cruising' means to fuel economy)

total can vary from $10,000 to $20,000.  If youre on the boat each weekend.  once in a while and you will still need some hull and exterior maintenance along with the mooring fees.  Probably no less than $8000 a year.

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Answer 6

There's an old saying for your question...

"Chances are if you are asking about the cost it's a pretty good chance you can't afford it."

Now with that said that wasn't meant to be a smart a$$ed response. Here's a overview of what our 33' cruiser runs annually...

slip     $3600 and that's very reasonable

fuel     we carry 180 gal. Normal fillup last summer

           was around $300. # of fillups 8 or 9 but this

           was with fuel running @ $3.29/gal & who

           knows where it will be this year

insurance runs us about $1200/year

           maintenance is around $2500

food, booze, etc probably another $1500

eating at restaraunts on the water: $1500

transient slip fees: $750

Winterization: $1100

DeWinterization: $300

and other lil' things that just keep on adding up, and up, and up... : )

Rebuilding the engine & gen? No clue but if maintained properly you may not have to worry about it!

Boating while a great life is also an expensive one. The vessel you're looking at though would qualify under IRS guidelines as a 2nd home so you can write off the interest paid (but check with your tax advisor to make certain).

Good luck...and of course...good boating!

Answer 7

if you live in florida forget it. my slip,$640. per month. insurance if you can get it, $8000. per year. plus fuel, maintenance( painting bottom, $29. per foot). mileage-2 gallons per mile each engine. cleaning, waxing etc.. get the picture.

Answer 8

lets not forget about the slip rent $225.00 per month

I spend right about a $100.00 weekend on gas

Maintenance really has been much of a problem. I change my own oil.   really simple.  I do my own winterizing.

Insurance  $500.00 year

Your engine and generator should last for years if you maintains them well.

Answer 9

I must be getting screwed;

Insurance=2,000. year

docking=450. month

fuel= 5 gph

oil,filters,spare parts=500 yr.

Your fuel cost will be higher depending on how much you run the engines. If they are gas they wont last as long as diesel before they need rebuilding. Diesels cost alot more to rebuild but last 5 times longer.

Answer 10

Ok your looking at about a 500 bucks a weekend for gas if you are actually doing any cruising.  Most large power boats get 1/2 a mile a gallon or less.  Remember heavy boat with two engines.  Yea matience isn't all that bad if you take care or your stuff.  Maybe about a grand every 5-10 years.  Unless you beat the c**p out of your stuff you shouldn't need a rebuild on anything.  If you do need rebuilding done your looking at easy 10 grand to get the engines out and get them taken in.  I have friends with everyting up to 38 feet.  They have never had to do anything but change oil.  I dont know where you are but if you need to pull it out every year look at 2 grand for winterizing and storage. Pluss a slip at a marina which is between 2 and 15 thousand or more depending on where you are.  

If you have alot of money to spend each summer go for it.  If you have enough for the boat and a slip dont do it.   At 4 to 5 bucks a gallon for gas they are expensive.  Remember marinas jack up the price of gas because they can.  Pluss you have pumpouts for the holding tank wich are cheap.  However add it all up and depending how far your travel you are looking at 10 grand a season depending on where you keep you boat.  That number might be as low as 5 grand.