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re: Realistic annual cost of ownership of 32ft+ offshore center consoles?

Posted on 3/9/23 at 7:40 am to
Posted by bigbuckdj
Member since Sep 2011
1989 posts
Posted on 3/9/23 at 7:40 am to
Good point about terminal tackle. You are feeding sharks $2 hooks, $10 worth of weights, and leader that costs a $1 a foot. God forbid you lose shaky baits or poppers.
Posted by CP3
Baton Rouge
Member since Sep 2009
7570 posts
Posted on 3/9/23 at 8:23 am to
quote:

You will replace 1-3 pumps per year at $250 each


quote:

It has six batteries. You’ll replace 1-2 each year on average.


This seems excessive. We put 400-500 hours a year on our boat and batteries/pumps last us longer than a year.

Posted by tigerfoot
Alexandria
Member since Sep 2006
61452 posts
Posted on 3/9/23 at 8:28 am to
His scenario seems to have batteries making it three years.
Posted by Antib551
Houma, LA
Member since Dec 2018
1408 posts
Posted on 3/9/23 at 8:34 am to
quote:

Roughly $500-1000/ year to keep the trailer rolling
What the heck you doing to the trailer for 500-1k a year? Good lord.

quote:

Detail it myself but still costs $500 in supplies per year
Also what are detailing with for $500. Applying ceramic yourself every year? Or you must make a lot of trips and/or do a lot of full details.
Posted by CP3
Baton Rouge
Member since Sep 2009
7570 posts
Posted on 3/9/23 at 8:39 am to
Yeah guess I misread that. I’d figure batteries every 3-5 years, which I guess comes out to 1-2 batts a year.

Posted by CP3
Baton Rouge
Member since Sep 2009
7570 posts
Posted on 3/9/23 at 8:43 am to
quote:

What the heck you doing to the trailer for 500-1k a year? Good lord.


Trailers for large center consoles just always seem to constantly break. Not sure why, but they just do (unless you buy a $30k sport trail). Bearings, tires, hydraulic/electric brakes…

Probably doesn’t help that the roads in louisiana suck too
Posted by Antib551
Houma, LA
Member since Dec 2018
1408 posts
Posted on 3/9/23 at 9:01 am to
I get it. I've got a dual axle under my 25 Prowler, but I guess I don't put the miles he does. A lot of grease, stainless brake components, and homerun wiring from each light goes a long way to cutting back the yearly headaches. Although I guess averaging tires every few years, brake pads, and grease on a triple will get pretty close to that.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
72109 posts
Posted on 3/9/23 at 9:20 am to
Boat trailers in louisiana are basically disposable wear items if you trailer everywhere.
Posted by CP3
Baton Rouge
Member since Sep 2009
7570 posts
Posted on 3/9/23 at 9:26 am to
Yup. We just bought a new cheap-ish one because we only trailer back and forth from Venice like 5 times a year maybe. For the most part boat stays in the lift.

I will say those Sport Trail trailers are rediculously nice. Probably the only trailer that wouldn’t need constant repair
Posted by rltiger
Metairie
Member since Oct 2004
2445 posts
Posted on 3/9/23 at 10:08 am to
As low as 12k as high as 20k. not including fuel.

If you budget 16k you'll be happy. Fuel is additional.
Having buddies to chip in when you take them fishing helps with the fuel for sure.

Once purchased, you are committed to using it and limiting yourself to a home base or geographic area to fish. Additionally, when you go to sell, you are gonna take that hit as well. I think you'll have to go 10 times a year to break even with a charter.

Add all that up and see how much a charter is without the hassle. Drive up, go fishing and go home. You aren't worried about weather, Hurricanes, broken shite etc.

Now if you got the cash to burn, Who GAF about costs.

I'd make sure you have a big umbrella policy that covers the boat and everything that boating entails. I'd also suggest having the same insurance company cover boat, cars (if you are towing), homeowners, and umbrella. The reason is this...
Punctuations in a policy ( . , : ;) and conjunctions like if, or, however, unless etc.. between multiple carriers can f you up.
Posted by CP3
Baton Rouge
Member since Sep 2009
7570 posts
Posted on 3/9/23 at 10:30 am to
quote:

Additionally, when you go to sell, you are gonna take that hit as well.


Eh, people always say this but it’s not necessarily true with larger center consoles these days. ALOT of people made money selling in the used boat market over the past few years. Just depends on the market at time of sale though. My buddy has made money on every boat he’s had, and we could sell the one we have now for way more than what we have in it.

Just depends on the boat/market. I do agree that you should plan on going in with the assumption you can’t sell it for what you paid though.
Posted by Sparetime
Lookin down at LA
Member since Sep 2014
972 posts
Posted on 3/9/23 at 10:35 am to
If you don't have the tackle then do that budget first. We spent over 6 grand on 8 setups rigged ready to go a couple years ago. Now that was light and heavy trolling rigs included with deep drop stuff. Then I looked at my tackle bill, terminal tackle will run a grand a year if you don't go much and stay cheap.

We lost a couple grand in one day due to a shark and a newbie guy....... outrigger snapped, broke a 50 lb rod because guy just sat in the rod holder with a tiger on, and lost a DTX and daisy chain. I stopped counting and got drunk after that.
Posted by CP3
Baton Rouge
Member since Sep 2009
7570 posts
Posted on 3/9/23 at 10:38 am to
Oh yeah, if you don’t already have rods/reels/gaffs/tackle you can expect to easily spend $10k on that up front alone.
Posted by caro81
Member since Jul 2017
6358 posts
Posted on 3/9/23 at 10:54 am to
quote:

Just charter offshore fishing trips and go have fun.

Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
72109 posts
Posted on 3/9/23 at 10:56 am to
quote:

Just depends on the market at time of sale though.


I think the only people getting hit on boat resale of decent shape boats are buying fully rigged up to date brand new boats and not updating them.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
72109 posts
Posted on 3/9/23 at 10:57 am to
Idk about yall but I don't really enjoy charter trips unless they were paid for by someone else.
Posted by Novastar
Member since Jan 2023
874 posts
Posted on 3/9/23 at 11:02 am to
quote:

ALOT of people made money selling in the used boat market over the past few years.


Correct. I made money when I sold my trip engine Fountain. We had owned that boat for 5 years. Understanding the market and how to rig these boats properly for blue water fishing is key. Self performing all maintenance and upgrades will save you a lot of $$$.

Finding the right seller/buyer is key as well.
Posted by NorthEnd
Member since Oct 2007
2203 posts
Posted on 3/9/23 at 11:08 am to
First boat I bought was in college in 1995. I've owned 14 different ones since and have yet to sell a boat for less than I bought it for. So the cost of ownership for me has been maintenance and upgrades--most of which is neutralized by selling higher than I buy.

They're just a big ESCROW account!
Posted by CP3
Baton Rouge
Member since Sep 2009
7570 posts
Posted on 3/9/23 at 11:08 am to
Yup. With a lot of manufacturers having a 1-2+ year wait for a build slot, a slightly used/good condition 2-3 year old boat can sell for close to (in some cases even more than) what a brand new one costs. And the prices for the new boats go up every year, so most cases no loss.

Hell, last year early 2000’s contender 31 opens we’re going for $150k plus. 3 years ago you could pick one up for under $100k. Like I said all depends on the market
Posted by CP3
Baton Rouge
Member since Sep 2009
7570 posts
Posted on 3/9/23 at 11:10 am to
quote:

First boat I bought was in college in 1995. I've owned 14 different ones since and have yet to sell a boat for less than I bought it for. So the cost of ownership for me has been maintenance and upgrades--most of which is neutralized by selling higher than I buy.


Exactly. My buddies dad has been doing this for like 20 years. Started with a smaller center console and basically gets a new boat every 2-3 years. Each one a little bigger and better. Don’t think he’s lost money on a single one.

Being able to do your own maintenance and repairs/upgrades will save you ALOT of money in the long run.
This post was edited on 3/9/23 at 11:11 am
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