Running a boat is cheap.
Discussion
I run my Huntsman on £500 a month, there is a separate account, every month, £500 goes in.
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Cheaper to run a boat than a car!
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Cheaper to run a boat than a car!
For our MG Spring 25 it works out like this:
Mooring: £1000
Insurance: £500
Fuel: £25 (it only has a GM10 and as it is so noisy we use it as little as possible)
Lift-out and spray every couple of months: £500
General bits and bobs: £1000
Winter Yard storage: £300
Total = £3325 or £277 a month.
Split between 2 of us, that's perfectly acceptable!
My Rib is even cheaper, though it uses more fuel of course!
Mooring: £500
Insurance: £350
Fuel: £250 (Honda 90 that sips the stuff)
Maintenance: £600
Storage: Free
Total: £1700 or £142 a month.
I consider both of them to be bargains to be honest considering how much enjoyment we get out of them.
Mooring: £1000
Insurance: £500
Fuel: £25 (it only has a GM10 and as it is so noisy we use it as little as possible)
Lift-out and spray every couple of months: £500
General bits and bobs: £1000
Winter Yard storage: £300
Total = £3325 or £277 a month.
Split between 2 of us, that's perfectly acceptable!
My Rib is even cheaper, though it uses more fuel of course!
Mooring: £500
Insurance: £350
Fuel: £250 (Honda 90 that sips the stuff)
Maintenance: £600
Storage: Free
Total: £1700 or £142 a month.
I consider both of them to be bargains to be honest considering how much enjoyment we get out of them.
IforB said:
For our MG Spring 25 it works out like this:
Mooring: £1000
Insurance: £500
Fuel: £25 (it only has a GM10 and as it is so noisy we use it as little as possible)
Lift-out and spray every couple of months: £500
General bits and bobs: £1000
Winter Yard storage: £300
Total = £3325 or £277 a month.
Split between 2 of us, that's perfectly acceptable!
My Rib is even cheaper, though it uses more fuel of course!
Mooring: £500
Insurance: £350
Fuel: £250 (Honda 90 that sips the stuff)
Maintenance: £600
Storage: Free
Total: £1700 or £142 a month.
I consider both of them to be bargains to be honest considering how much enjoyment we get out of them.
The only thing that surprises me there is the lift out and spray so regularly? Mooring: £1000
Insurance: £500
Fuel: £25 (it only has a GM10 and as it is so noisy we use it as little as possible)
Lift-out and spray every couple of months: £500
General bits and bobs: £1000
Winter Yard storage: £300
Total = £3325 or £277 a month.
Split between 2 of us, that's perfectly acceptable!
My Rib is even cheaper, though it uses more fuel of course!
Mooring: £500
Insurance: £350
Fuel: £250 (Honda 90 that sips the stuff)
Maintenance: £600
Storage: Free
Total: £1700 or £142 a month.
I consider both of them to be bargains to be honest considering how much enjoyment we get out of them.
surveyor said:
IforB said:
For our MG Spring 25 it works out like this:
Mooring: £1000
Insurance: £500
Fuel: £25 (it only has a GM10 and as it is so noisy we use it as little as possible)
Lift-out and spray every couple of months: £500
General bits and bobs: £1000
Winter Yard storage: £300
Total = £3325 or £277 a month.
Split between 2 of us, that's perfectly acceptable!
My Rib is even cheaper, though it uses more fuel of course!
Mooring: £500
Insurance: £350
Fuel: £250 (Honda 90 that sips the stuff)
Maintenance: £600
Storage: Free
Total: £1700 or £142 a month.
I consider both of them to be bargains to be honest considering how much enjoyment we get out of them.
The only thing that surprises me there is the lift out and spray so regularly? Mooring: £1000
Insurance: £500
Fuel: £25 (it only has a GM10 and as it is so noisy we use it as little as possible)
Lift-out and spray every couple of months: £500
General bits and bobs: £1000
Winter Yard storage: £300
Total = £3325 or £277 a month.
Split between 2 of us, that's perfectly acceptable!
My Rib is even cheaper, though it uses more fuel of course!
Mooring: £500
Insurance: £350
Fuel: £250 (Honda 90 that sips the stuff)
Maintenance: £600
Storage: Free
Total: £1700 or £142 a month.
I consider both of them to be bargains to be honest considering how much enjoyment we get out of them.
Modern anti-foul is pretty rubbish...
Simpo Two said:
IforB said:
We race every week and it's very competitive, so every little helps when you are going against boats with bandit handicaps!
Modern anti-foul is pretty rubbish...
Coppercoat?Modern anti-foul is pretty rubbish...
) but we're both so busy at the moment that getting it lifted, sprayed and put back on the mooring works for us.Jeanneau Sun Odyessy 379 costs us £710 per month, so funnily enough almost identical to our X5. However, she is chartered and without the chartering would cost £1,650 per month. If she wasn't chartered, she would be worth a little more on the secondhand market so maybe £1,450 per month.
Cheaper to charter just when you need one.
Cheaper to charter just when you need one.
The Moose said:
One big glaring thing missing from all these is the depreciation...
I’m not sure what a Swan 65 Ketch cost when new but today they sell for £400,000 - £500,000 so I doubt there’s been much depreciation.Like cars it’s about getting the right one, and you can offset depreciation by how much enjoyment it gives you surely?
keith333 said:
Jeanneau Sun Odyessy 379 costs us £710 per month, so funnily enough almost identical to our X5. However, she is chartered and without the chartering would cost £1,650 per month. If she wasn't chartered, she would be worth a little more on the secondhand market so maybe £1,450 per month.
Cheaper to charter just when you need one.
After nearly 20 years of owning a boat that's pretty much the conclusion I've arrived at. Throw the mostly sCheaper to charter just when you need one.
tty weather and the rapacious rip off the UK marine leisure market has become into the mix and I'm definitely of the mind it's better to fly somewhere warm and sunny for a couple of weeks sailing then just hand the keys back at the end of your trip and let somebody else have all the expense and grief of ownership.If it floats or flies or...
The Moose said:
One big glaring thing missing from all these is the depreciation...
If you buy wisely (and secondhand!) there shouldn't be much.Buy scruffy, get lucky (that it is just cosmetics, unloved boats are usually unloved mechanically too) do a good job of cleaning it up and you might even make a profit. I once bought a scruffy boat for £5K and sold it two years later for £10K!
But spent £6K doing it up...
Sabre 27 pictured below, my 1970's family cruiser that is perfectly capable of cross channel trips, coastal cruising, the odd club race, the annual Round The Island Race pilgrimage, and easy to single hand.
Approximate ANNUAL costs...
Club membership (family) £200
Swinging mooring in Portsmouth harbour £130
Insurance £200
Antifouling (including scrubbing on club grid) £100
Parts for DIY engine service £50
Gas £40
Diesel, depends on engine and Eberspacher use but it's a 600cc two cylinder diesel so not much, say £250 a year max
So, yeah, yachting for a grand a year, I'll take that. Obviously I've spent a few quid on her over the years in terms of additions and improvements but the depreciation on a 45 year old boat is effectively nil. By far the most expensive part is car fuel to get to her, and the pub bills! If I do want to crane out for the winter there's a club syndicate which basically equates to about £300 for 6 months ashore including craneage, but she's only been out twice in the last 9 years.
However I am about to upgrade to a Bavaria 32 (deposit is down) and as it happens I don't think any of those costs are going to increase much...perhaps a bit more a/f, and slightly more expensive engine parts...that's it really!
Approximate ANNUAL costs...
Club membership (family) £200
Swinging mooring in Portsmouth harbour £130
Insurance £200
Antifouling (including scrubbing on club grid) £100
Parts for DIY engine service £50
Gas £40
Diesel, depends on engine and Eberspacher use but it's a 600cc two cylinder diesel so not much, say £250 a year max
So, yeah, yachting for a grand a year, I'll take that. Obviously I've spent a few quid on her over the years in terms of additions and improvements but the depreciation on a 45 year old boat is effectively nil. By far the most expensive part is car fuel to get to her, and the pub bills! If I do want to crane out for the winter there's a club syndicate which basically equates to about £300 for 6 months ashore including craneage, but she's only been out twice in the last 9 years.
However I am about to upgrade to a Bavaria 32 (deposit is down) and as it happens I don't think any of those costs are going to increase much...perhaps a bit more a/f, and slightly more expensive engine parts...that's it really!
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