Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

AnglerFish Guides

333 Victory Rd. Quincy MA 02171

Boston Charter Fishing Reports

Blog

Boat Ownership Costs

Posted on June 14, 2013 at 1:08 PM
Originally published in Coastal Angler Boston February 2012: 
The Not-So Hidden Costs of Boat Ownership   - by Capt. Tim Egenrieder
 
 
I’m not sure if it’s a sign that the economy is improving, boat shows are advertising or simply that many are sick of winter and ready for the joys of summer, but the itch of getting out on the water is again beginning to spread.  It seems with steadying frequency that I am being asked questions on how much it truly costs to own a boat.  Would be first time boat buyers are often shocked by the long list of not so hidden costs associated with boat upkeep.
 
We’ve all heard “the best 2 days of a boat owners life are the day you buy it and the day you sell it”, “B.O.A.T. – Break Out Another Thousand” and “BOAT – the hole on the water you throw money into.”  Unfortunately, they are all true.
 
Once you’ve found that make and model that best suits you, be sure to have enough left in the boat kitty to provide for all of the associated annual costs.  There are 3 main categories of annual expenses: Fixed, Usage and Maintenance.  Understanding and preparing for these expenses can be the difference of joy and misery of boat ownership.
 
Fixed Costs:  According to the Massachusetts Recreational Boater Survey of 2010, of the 10,000 or so boats registered in the greater Boston area, more than 60% are kept at a dock or mooring.  The annual expenses can add up to almost 10% of the original purchase price every year.
Docking, Mooring or Trailer:  There are many options available.  Even if you have suitable space in your yard and a suitable vehicle, Boston is awful for boats on trailers.  Ramps are few and far between.  There are many different mooring areas, yacht clubs and marinas to choose from.  Costs range from $50 to over $200 per ft per season. 
Financing & Depreciation:  Facts of life and two of the biggest costs of ownership. 
Winter Storage:  Many yards offer package deals that will haul, wash, winterize, shrink-wrap and store your boat.  This will add up to at least $1000 each year. 
Insurance:  Boat insurance is relatively inexpensive – about $400 each year
Licensing / Registration / Taxes: These fees depend on how you will use your boat but will easily add up to over $100.
SeaTow / BoatUS:  The worst thing to have happen is a breakdown on the water.  Seatow or BoatUS will tow you back to your dock or provide fuel.  It is basically “get you back to safety” insurance.
 
Usage:  The most variable of all of the expense groups.  Frequency and type of use makes a dramatic difference on the type of electronics, amount of fishing gear and fuel you will consume.  Next to docking, this is easily where I spend the most money.
Fuel, Fuel and Fuel:  You will use a lot of it and best of all, gas and diesel on the water can be 30% more expensive than on land.  A very efficient boat will get 6 miles per gallon, most are in the 1-3 mpg range.
Gear: Electronics, Fishing Equipment, Flares, Life preservers, Bumpers, Dock Lines, Foul weather clothing, etc.  If you are anything like me, this is a never-ending pursuit, not just an expense.
Launch Fees:  At the boat ramp you can expect a nominal fee, usually about $15.  The travel lift at your marina is much more.
 
Maintenance:  Saltwater may be the most destructive environment to keep anything you care about.  Proper and frequent maintenance is essential to keep your boat running smoothly. 
Oil Changes:  Most manufactures recommend an oil change every 100 hours.  Doing it yourself is still 3X the cost of the oil change on your car.
Bottom Paint:  If you keep your boat in water for the season, you will need to paint the bottom with an anti-fouling paint.  This will inhibit the growth on the bottom that would otherwise increase drag and operating expenses.
Cleaning:  Seems benign, but specialty soap, vinyl and bilge cleaners, waxes and polish add up.
Zincs:  Sacrificial metals that are placed at strategic points around your boat to mitigate corrosion.
Tools:  Boats are where tools go to die.  Corrosion or dropping overboard will happen. 
Repairs:  Boats Break.  Wires and connections get corroded.  Pounding across the waves loosens screws, canvas and damages just about everything else over time. 
 
Now that you’ve seen all of the costs and pitfalls, is it worth it?  That is up to you.  I know that I have never woken up on a November morning and said, “I wish I had spent less time on my boat.”
 
 
Conservative Estimate of Highly Variable Costs of Boat Ownership
Based on 25’ boat kept in Boston Harbor maintained and stored by a boat yard –
Excluding purchase price, depreciation and financing
 
 
 
Expense
Cost Breakdown
Est. Annual Cost
 
 
 
Docking / Mooring
$90 – $200 / ft
$3200
Launch / Haul
$0 to $250 ea
$250
Winter Storage and Prep
Approx $30 per ft
$750
Licensing
$30 to $200 per yr
$100
Registration
$50 every 2 years
$25
Fuel
1 – 6 miles per gallon
$600
SeaTow / BoatUS
$175 per yr
$175
Oil Change
$200 per 100 hrs
$200
Additional Maintenance
Approx $500 per yr
$500
Bottom Paint
$200 - $500 per yr
$300
Zincs
$100 per yr
$100
Safety Equip/ Misc Gear
Minimum $200 per yr
$200
Insurance
$300 – 500 yr
$400
Taxes
Approx $100
$100
 
 
 
 
Total:
$6900
 
Avg of 15 times on water
$460 per trip
        For comparison: 4 hr fishing charter in Boston Harbor - $425
 
*****According to the Massachusetts Recreational Boater Survey of 2010, over 60% of the 10,000+ boats in the greater Boston area are cared for as above and are operated less that 65hrs.  Your experience can vary greatly from this estimate.  You can, for example, easily save thousands by trailering your boat and with do-it-yourself maintenance.*****(for under table)

Categories: Boston Fishing, Boston Harbor

Post a Comment

Oops!

Oops, you forgot something.

Oops!

The words you entered did not match the given text. Please try again.

153 Comments

Reply Markcut
7:33 PM on May 18, 2022 
url=http://strattera.store/ says...
strattera drug
Reply keyellm
3:14 AM on May 20, 2022 
keyellm 341c3170be https://www.riseupstar.com/upload/files/2022/05/e86q8tDpB4VI1lwE1
dck_17_b2384d338d5d8f75401be35716582033_file.pdf
https://www.dejavekita.com/upload/files/2022/05/hifH3epzJzEgq4HIS
ThG_17_328a32f777bbe9ace1e1999395bf76b2_file.pdf
https://pra-namorar.paineldemonstrativo.com.br/upload/files/2022/
05/v81ckIHbKDbzvOdtehof_17_6cb3ffe2f433da0e744859e29dc2a65f_file.
pdf
https://www.foscapp.com/upload/files/2022/05/JUqsiDnQ5YNRpnUtQo7p
_17_846ca2ce80a3459a5db74a3bfb358ffc_file.pdf
https://skatesquad.com/upload/files/2022/05/ILT2vk4IYMsC6t28V7sv_
17_846ca2ce80a3459a5db74a3bfb358ffc_file.pdf
https://artienz.com/upload/files/2022/05/yWjcEwKfcClEA4a6sb7u_17_
6cb3ffe2f433da0e744859e29dc2a65f_file.pdf
https://vietnamnuoctoi.com/upload/files/2022/05/TnxoMY2YpbRwBFCMZ
EqK_17_aaf5b12d44b17db20533a63efa9b834c_file.pdf
https://www.cuelgalo.com/upload/files/2022/05/7udiJPxv3reeMYQXCRO
u_17_f75bea15375ce9766fea254e5ea9ae66_file.pdf
https://facenock.com/upload/files/2022/05/hARqkgiEiCTso1GpTqDC_17
_6bfc001839267444fd05fb4ff98a6914_file.pdf
https://vibescort.com/upload/files/2022/05/oo5IDqjldYLyo9ExK7qM_1
7_f75bea15375ce9766fea254e5ea9ae66_file.pdf
Reply Ashcut
11:27 PM on May 21, 2022 
url=http://paxil.shop/ says...
paroxetine hcl 40 mg
Reply Lisacut
1:28 PM on May 22, 2022 
url=https://zoloft.boutique/ says...
zoloft cost generic
Reply Lisacut
2:02 AM on May 23, 2022 
url=https://cipro.shop/ says...
price ciprofloxacin 500mg
Reply Ugocut
7:52 AM on May 24, 2022 
url=https://ivermectin.science/ says...
stromectol 3mg
Reply Paulcut
9:42 AM on May 24, 2022 
url=https://antabuse.store/ says...
can i buy antabuse over the counter
Reply Boocut
4:26 PM on May 24, 2022 
url=https://ivermectin.bond/ says...
ivermectin lotion for scabies
Reply Marycut
9:58 AM on May 25, 2022 
url=https://valtrex.life/ says...
valtrex 500mg coupon
Reply Wimcut
12:13 PM on May 25, 2022 
url=https://ivermectin.democrat/ says...
stromectol medicine
Reply wilbri
2:24 PM on September 23, 2022 
Reply hamiz khan
2:54 PM on September 27, 2022 
I like your blog. It's an informative blog and i'll share it with others. Thank You!!!!
mirillis action