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Cost of a boat
Ever figure how much a boat cost you each year? I am talking
depreciation, not operating costs. If you figure it out you might not
buy a bass boat!I just sold my Javelin Monday for $9500. I had $13,000 invested in it,
and kept it for three years. That works out to $1165 a year, not
counting gas, oil, batteries, insurance, tires and taxes. (here in GA we
have to pay property taxes on boats.) To make the cost worse, I only used the boat for a little over 2 years,
and have been trying to sell it since last June. I have looked at these costs in the past and it seems owning a bass
boat costs me about $1500 to $2000 a year. I have owned 8 bass boats
since 1974 - keeping them anywhere from 4 to 11 years. Wouldn’t swap
the memories of those trips for the money I invested tho! |
Ronnie
Mar 10
2005
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| Ronnie, I will probably never get my money back out of my current boat, but I
think with almost everything (but the trailer & shell) being brand new,
I will enjoy it for a long time to come. I really can't wait to fish out of it this year, I noticed the ice was
turning black on the lake so it won't be long now.! Chris |
Chris
Mar 10
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| So! What is your point then? |
Mar 10
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| If you buy new and then sell used, you will _always_ loose more money. An
hour after the boat rolls off the dealers lot, it's used and has lost about
30% of it's value. Now look at used boats. They "hold" their value _much_
better as they started out used and ended up used. Your comparasion is only
for going from new to used and therefore not a good generalization of boat
values. Another example: I'm in the market to buy a used Alumnim Bass Tracker. New,
they sell for about $10,000. I've seen these boats sell, 10 years old for
about $5000. That equals $500/year in depreciation. Again, used boats also
hold there value much better then new to used. |
Todd
Mar 11
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| Boats are rarely an investment. Maybe an old woody Cris Craft or a
vintage sailboat could actually appreciate in value but you have to
accept the fact that your boat will depreciate in value. Like a car, the initial depreciation happens when you sign the paperwork
and pull out of the lot. It's now a used boat. Your Javelin must have
been a used boat when you bought it based on the price. You don't
mention the model, the year it was made, the size or make of the engine,
etc. but $3500 isn't that big of a hit for three years anyway. If you
put a lot of money into it after you bought it you may have paid too
much when you bought it. I like to buy new so I can know the history and maintenance of a boat
(or car) rather than guessing if the previous owner took good care of
it. That said, I PLAN to keep my boats for a long enough period of time
so the depreciation is less on an annual basis. I'll bet you were less
concerned about the price you sold your 11 year old bass boat for than
this Javelin. This is one reason why I lease my cars. They are always under warranty,
I have a nicer, and new, car for less than a purchase payment for the
same car, and I don't get caught up in the selling end of the deal. I
just turn them in and get something else. This is probably why I have never seen a lease offer on a boat! Dan |
Dan
Mar 11
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| Almost sounds like he's trying to convince himself not to buy another boat.
Whenever I want to talk myself out of something I generally find myself
"counting up the cost". |
Da
Mar 10
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| His point is that a boat is much more than"just a hole in the water you pour
money into". |
Bass_Mr.
Mar 11
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| Let's see..$2,000 per year for your boat... Compared to, say, a golf membership at a modest (cheap) club. Maybe $1,000 for a membership if you are verrrrrry lucky ( many are at
$10,000; $30,000; $50;000 and on up! ). Say you keep your $1,000 membership
for ten years and when you get out..there isn't any money given back (not at
all unusual)...so that's $100.00 per year. Let's say your monthly tab for greens fees and a cart is about $225.00 for
the lowest one around here. That is $2,700 per year. That tab for greens
fees and cart could easily be $350 or $500 or more MONTHLY and then they
expect you to spend another $200 at the pro shop and bar/grill MONTHLY. Oh,
those "extras" are MANDATED expenses at a lot of clubs. Don't even start thinking about the cost of clubs and golf balls, and the
little side bets that spring up all around you.. Yeee Gods!! No boat is a good investment. The cost of our boat is what we pay for the
pleasure we get from it. |
RichG
Mar 11
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| The "investment" in a fishing boat is SOLID GOLDadds years to
your life, your pleasure, and a reason for being! And that's all I have to say about that! <grin> JK |
jbkbub
Mar 10
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| The Javelin was used when I bought it. 1994 model I bought in 2002.
I have had four new boats and four used - all the recent ones have cost
me about the same over the time I kept them. My first boat was cheaper
- $3500 for a new 17 foot Arrowglass bass boat with a 70 Evenrude in
1974. Kept that boat for 6 years and sold it for $2000 - but I had to
have the motor rebuilt twice for a total cost of almost $3000. |
Ronnie
Mar 10
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| UH - I bought a new 2004 Skeeter last May to replace the Javelin - not
trying to make any point, just wondering, as I said at the beginning,
if others had considered the cost. |
Ronnie
Mar 10
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| Exactly - and I will never be without one - will have two at times but
never 0! |
Ronnie
Mar 10
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| Whoops! Now that you've said it I remember reading that post. I guess I'm
just feeling frustrated right now. Retired in december with a '87 pickup and
a '88 bass boat, with money for one not the other, UNLESS I go back to work
somewhere. New truck? New boat? Newer truck? Newer boat? New truck now, get
a job, buy the boat later? New boat now, get a job, buy the truck later? OR,
rebuild the truck's engine & fix the A/C and buy newer boat? Now or later?
See where my frustration is coming from? We, I mean I, cannot come to a
conclusion. I am beside myself and we are(I am) perplexed. Da Chief, srfoles@bellsouth.net
All outgoing mailed scanned by
Symantec Anti-virus |
Da
Mar 10
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| *****
(B)reak
(O)ut
(A)nother
(T)housand !
.....said Huck |
Huck
Mar 11
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| Heck, I was up to seven at ONE time!! Older and well used..but...
One 27 ft sailboat;
one 20 ft (new) fishing boat;
one 14 ft pontoon boat;
one 12 ft sailboat;
a 12 foot dingy;
a 15 ft canoe and
a 10 ft paddleboat. My total cash tied up in the last four was around $1,500.00 lock, stock and
barrel. New isn't necessary, just pretty. |
RichG
Mar 11
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| A boat is like a bucket with a hole in it. You keep throwing money in
that bucket for as long as you own it. :) |
Carlos
Mar 11
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| My brother in law and his wife were giving me a hard time about my boat,
wondering if I had figured out how much I was paying for it. I asked them to total up the payments on his Honda Valkyrie ($13,000) and
the cost of her motorcycle (can't remember what it is, but they got a "good
deal" on it for $8,000). I asked them how much it cost for going out for
dinner and drinks 3 - 4 times a week like they do. THEN, figure out how
many times they've actually ridden the bikes each season. I know that my boat is being used about two months before they break out the
bikes, and it's used at least one month after they put the bikes away. It made my boat seem like a great investment.... :-) |
Steve
Mar 11
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| I just cannot see how people have the balls to sit and make you justify
the things you have. First it is none of their business, second they
need to take a look at themselves and maybe analyze their finances
before "helping" me figure out mine. I get that crap all the time, and
I never ever question when someone pays $1000 for a baseball card, or
anything else for that matter. It is part of my life, it is what I work
for, if they don't see why i need it , that is fine, but don't give me
shit about it. It is the same thing I have to hear daily in the breakroom here,
everyone bitching about having no money, yet I don't see any bars on the
windows of this place ,and there is no sniper in the corner holding them
here if they want to leave. Also doesn't seem to stop them from
spending 4 of the 7 nights of the week at the bars, dropping easily
$50/night on drinks and activities. Yet they seem to have the profound
knowledge to see my investment in a brand new outboard for a boat shell
that would just sit there and suck up my money if I didn't make the
investment as a "crazy" decision!!!! This is obviously a subject that hits home with me daily. I just say,
to each his own, let me and my wife worry about us. |
Chris
Mar 11
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| I understand Ronnie's post. There's cost involved and sometimes one just
isn't aware that from a pure financial standpoint owning a boat may not make
a whole lot of since. I started out a zillion years ago with a 15 ft. Jon boat. A good friend of
mine spruced it up and I was able to sell it for a bit of a profit. Over the
course of the last many years I moved up to my current Champion which I
love, but I'm getting the new boat bug. I'm trying to resist, because it
just doesn't make sense. I was fortunate in that when my first novel was
published I was able to buy my boat with a one check slap and it makes no
sense to trade or sell it now, but . . . there it is that darn new boat bug
whisperin to me. lol lol. My boat howerver is my mental health program, my greatest sense of personal
recreational pleasure. So "bottom line" I really don't give a white rat's
butt what it costs me now . . . but I do appreciate the thought because it
reminds me to be greatful I have a nice boat and how fortunate I am the good
Lord has blessed me in this life.
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Joshuall
Mar 11
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| I feel you pain - but I ain't Bill! My rule of thumb is to keep a truck
or boat until it leaves me stranded one time - then it is gone. That
actually never happened with the Javelin, and I bought the Skeeter just
because I made the state team and wanted a new boat to take to the
regionals. I would have sold the Skeeter and went back to the Javelin,
almost did that, guy offered me just $1000 less for the Skeeter than I
thought I needed to get for it. |
Ronnie
Mar 11
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| LOL - I was just talking bass boats. Right now I have the Skeeter, three
12 foot jon boats, and a 14 foot fiberglass fishing boat(looking for a
9.9 for it) I have a total of $390 tied up in the last four - so far. |
Ronnie
Mar 11
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| I bought a used aluminum jetboat in 1995. Now admitted these are very
expensive boats to start with (26k in 1991, 20k in 1995 and 50k new now).
But I buy stocks and other investments for income, but a boat is a toy and
health investment. My mom is 90 years old, and I was commenting that I need
to put a new engine in the boat. When I told her 6-7k she said do you like
the boat, and I said I love the boat and boating. She said then replace the
motor. She has the right attitude. No body ever layed on their deathbed
and said 'I should of spent more time at work'. I also drive a 2004 Duramax
crewcab, plus a $10k Palomino camper. That $45k+10K would return at least
$4500 / year before taxes. I could go to nice hotels for that kind of
money. But as the citibank ad states. Priceless. And forget about the
fuel that sucker sucks ;)
Bill |
Calif
Mar 11
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| I thought "a boat is just a hole in the water, you throw money into" |
Rodney
Mar 11
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| Speaking of early fishing :<} >>>
>>>It made my boat seem like a great investment.... :-) danl4x@charter.net
Remove the x for e-mail reply
www.outdoorfrontiers.com
www.SecretWeaponLures.com
A proud charter member of "PETAF", People for Eating Tasty Animals and Fish!!! |
Dan
Mar 11
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| You know many years ago my dad was agonizing over buying his walk around
cuddy cabin for fishing. I told him. Yoi have good credit and decent
income. You can save up for it over the next X years and buy it or you can
buy it and make the payments. The difference is it will cost you more if
you buy it on credit, but you will have it next week instead of after you
retire. He bought the boat. Since then he has added a bracket and set it up with
twin outboards. A real go fishing boat. Nice dry ride in everything but
small craft advisory weather, and even then it will get you home. It is
long isnce pauid for and he still has the boat. Can't beat that eh? |
Bob
Mar 11
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