How much should I spend?

[Mikeybv8]

What % of your gross worth should you spend on a motor cruiser = Sunseeker Manhattan 60 is what I am looking at.

Cheers,

Mike.

[P924]

If you're going to do, do it properly. 500%

[maser_spyder]

Paddy_N_Murphy said:

Depends on what the wife says ?

Don't forget the well versed "10% a year" running costs too....

Maybe a bit ambitious for one of these.... Insurance normally 1% of the boat cost (very approx.), and I can't imagine a lift out, chocks and rub down/anti-foul being cheap!

Would expect around £5-6000 to fill up? It's a 700 litre tank, so more or less? So depends how much you plan to use her, but a good few long weekends could see a £30-40k fuel bill if she's used, especially long journeys.

If a 3 year old model is going for around £850k, a very rough guess at upkeep would be £100k a year including fuel, insurance, maintenance, etc.

My fuel bill last year was £29!

[andy c]

My rule of thumb is ,,,as much as you feel comfortable spending, without borrowing, whilst minimising depreciation......I hate depreciation.Are they good value for money?

[Ayahuasca]

If you have to ask, you can't afford it.

[andy c]

Mike,Have you looked into what it cost to run one?

[FlashmanChop]

10% of NET worth is the rule of thumb I was told by a tanned sunseeker sales woman. didn't really remember much else.

[maser_spyder]

FlashmanChop said:

10% of NET worth is the rule of thumb I was told by a tanned sunseeker sales woman. didn't really remember much else.

• Checks bank account**

What can you get for £30 then?

[FlashmanChop]

maser_spyder said:

FlashmanChop said:

10% of NET worth is the rule of thumb I was told by a tanned sunseeker sales woman. didn't really remember much else.

• Checks bank account**

What can you get for £30 then?

not even a towel. or a mug.

remember seeing the price of their chairs for the deck, think at the time they were £450+, i thought not bad for a set.... nope. each.

ps NET worth, so not really what you have in your personal bank acc...

Edited by FlashmanChop on Wednesday 24th March 14:14

[FlashmanChop]

or,

what can you afford ? speak to Lombard Ocean Finance, they have a quick calculator on their website.

rule of thumb - 25% deposit, 15 year max term.

value of boat? not sure - where are you looking ?

[maser_spyder]

FlashmanChop said:

maser_spyder said:

FlashmanChop said:

10% of NET worth is the rule of thumb I was told by a tanned sunseeker sales woman. didn't really remember much else.

• Checks bank account**

What can you get for £30 then?

not even a towel. or a mug.

remember seeing the price of their chairs for the deck, think at the time they were £450+, i thought not bad for a set.... nope. each.

ps NET worth, so not really what you have in your personal bank acc...

Edited by FlashmanChop on Wednesday 24th March 14:14

Hmmmm.

• * Checks bank account, savings account, property equity, assets * *

So, what can I get for £40?

[FlashmanChop]

You could get a few jars and a private dance ?

but for £40.... not rally sure mate..

[Mike Random]

Have you found one yet if not what exactly are you looking for?

Mike

[FlashmanChop]

Nice Predator 60 please. yummy.

[Rum Runner]

15% of purchase price per annum is the norm if nothing major goes pop.
Shameless plug if you want one give me a call, I have a spotless boat that could be ideal........