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re: Realistic annual cost of ownership of 32ft+ offshore center consoles?
Posted on 3/9/23 at 11:40 am to NorthEnd
Posted on 3/9/23 at 11:40 am to NorthEnd
quote:
39 with trips
$6000/year ins
$400/ month storage
$80/month sat weather and music
$40/month sat texting
100 hour service is $500 if you do it yourself. Two of those per year
You will replace 1-3 pumps per year at $250 each
Roughly $500-1000/ year to keep the trailer rolling
Detail it myself but still costs $500 in supplies per year
You will spend at least $2000/year on a singular maintenance item. For instance this year I had to have my enclosure remade for $3600. Last year I replaced the cushions and seats-$5000
It has six batteries. You’ll replace 1-2 each year on average. They’re $500
You’ll burn 3000 gallons of fuel@4-5$/
Tackle is anything you want to spend on it, but if you’re this deep you dame sure don’t go cheap on the tackle. $2000 for tackle
And then occasionally a motor out of warranty will break and you’ll be out $4000-10000 to repair it.
1
Posted on 3/9/23 at 11:50 am to caro81
Lol my 24' CC Has a 5 year extended warranty. I just pay a $100 deductible to fix whatever broke and call it a day. Change the oil and run it like a redheaddd stepchild. Gonna sell it and get something different before the warranty ends.
Posted on 3/9/23 at 11:55 am to Hurricane2020
Buddy of mine bought a 45 foot Hatteras. After a couple of years he sold it. He says that he could afford to buy the boat, but couldn't afford to keep the boat with the maintenance, dock fees in Venice, insurance, and fuel.
Posted on 3/9/23 at 12:38 pm to CP3
quote:
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.
Respectfully, you guys are smoking dope on this being anywhere close to normal and expecting this to continue, are not including labor, and are definitely not including ALL the costs with a boats ownership along with the sale. Boating is expensive.
Yes, in the last couple of years plenty of guys have sold boats for more then they paid but that doesn't mean they "made money". The upgrades, ownership costs, etc. put almost everyone in the hole.
At some point soon the boat market is going to change drastically. You can't upgrade boats every 1-2 years and not eventually lose your Arse. Someone has to buy the old boats and that market isn't that big especially in an economic downturn.
Posted on 3/9/23 at 12:40 pm to baldona
quote:
At some point soon the boat market is going to change drastically
Only if the market gets flooded with new inventory, and I don't think we are anywhere near any danger of that happening.
Posted on 3/9/23 at 1:24 pm to NewMoneyTrash
Had a 27 world cat once upon a time
Cost $3200 a year for a dry storage shed in Houma
Cost about $250-300 a weekend to trout fish between fuel, booze food and ice
Approx 40-60 gallons fuel a weekend
Bump the fuel burn to 90-100 gallons a day for an offshore trip this boat got 2 mpg at cruise mind you. Had a pair of 175 4 strokes
Probably spend an average of $1000 a year on misc stuff
Can probably double to triple my numbers for a larger monohull with twin 250-300’s
Cost $3200 a year for a dry storage shed in Houma
Cost about $250-300 a weekend to trout fish between fuel, booze food and ice
Approx 40-60 gallons fuel a weekend
Bump the fuel burn to 90-100 gallons a day for an offshore trip this boat got 2 mpg at cruise mind you. Had a pair of 175 4 strokes
Probably spend an average of $1000 a year on misc stuff
Can probably double to triple my numbers for a larger monohull with twin 250-300’s
Posted on 3/9/23 at 1:39 pm to NewMoneyTrash
quote:
Realistic annual cost of ownership of 32ft+ offshore center consoles?
I don't own my boat anymore, and it wasn't that large, but I never kept track of the cost because I didn't want my wife to have a clear idea of how much I spent. It was enough that I was thinking like an addict.
Posted on 3/9/23 at 1:48 pm to DownshiftAndFloorIt
quote:
Basically the universal rule of boats if you average it out over the life of the boat.
True and, even though the hard maintenance is less than that during the first couple of years, new owners tend to run the boat more so they spend what a new boat doesn't cost in paint and repairs instead on fuel for more trips. That flips near the end of the ownership which causes the owner to want to sell badly.
Posted on 3/9/23 at 1:55 pm to baldona
quote:
Respectfully, you guys are smoking dope on this being anywhere close to normal and expecting this to continue, are not including labor, and are definitely not including ALL the costs with a boats ownership along with the sale. Boating is expensive.
Sure. If you factor in all the usage costs like fuel you burn, maintainance costs, etc, you likely aren’t going to “make money” flipping them. I don’t really consider that when calculating if you gain or lose money on a sale though. In our case sold boat gets replaced with new boat each time, so the fuel/maint/etc costs are going to be there regardless of what boat we have. So yes, for us if sale price > purchase price, we’ve mad money on it as far as I’m concerned.
If you know what you’re doing, what hulls to get, how to do the work yourself it’s not really that hard to keep flipping them and “make money” each time.
quote:
quote:
At some point soon the boat market is going to change drastically
Only if the market gets flooded with new inventory, and I don't think we are anywhere near any danger of that happening.
Yup.
This post was edited on 3/9/23 at 1:57 pm
Posted on 3/9/23 at 3:39 pm to Gaston
quote:
Just charter offshore fishing trips and go have fun.
This thread further proves that if it flies, floats, or fricks....
Posted on 3/9/23 at 5:09 pm to MWP
I agree with others. Rent, charter, make friends with a boater… don’t buy if you have to budget for it.
My dad’s boat goes out maybe 2x per year. It’s so hit or miss if you will use it as much as you expect.
My dad’s boat goes out maybe 2x per year. It’s so hit or miss if you will use it as much as you expect.
Posted on 3/9/23 at 6:52 pm to concrete_tiger
After 15 years as a private Yacht Captain and having fished and ran a bunch of Center Consoles I now have a 15 Welded Jon and a 25 Yamaha.
Hose and go..sleeps in the yard..
I'm wore out on boat maintence Fuel tank is 3 gallons.
All the fish I want to eat.
Hose and go..sleeps in the yard..
I'm wore out on boat maintence Fuel tank is 3 gallons.
All the fish I want to eat.
Posted on 3/9/23 at 7:07 pm to Turner River Terror
i have a 25cc with twins. Average 1600 per year maintenance and insurance over the last 3 years.
i love it, but probably going to sell it before the summer.
i love it, but probably going to sell it before the summer.
Posted on 3/9/23 at 7:35 pm to NewMoneyTrash
Happiest two days in a boat owner's life:
The day you buy it
The day you sell it
The day you buy it
The day you sell it
Posted on 3/9/23 at 7:53 pm to DownshiftAndFloorIt
quote:No shot a 20k bass boat is 2k a year in maintenance
Basically the universal rule of boats if you average it out over the life of the boat.
Now if you are counting gas and white cans consumed while in boat ok
This post was edited on 3/9/23 at 7:55 pm
Posted on 3/9/23 at 7:57 pm to deeprig9
Alright, I'll bite.
What boat owners in here are looking for a new friend?
What boat owners in here are looking for a new friend?
Posted on 3/9/23 at 8:12 pm to NewMoneyTrash
You could fish Guatemala, Costa Rica, and Panama multiple times a year for the same cost.
Posted on 3/10/23 at 8:19 am to down time
[quote]You could fish Guatemala, Costa Rica, and Panama multiple times a year for the same cost[/quote
Hell yes. I am going to guatemala again in april 2800 person plus airfare and tips. 4k max total for 3 days fishing on a 35 bertram with AC. All the food, drinks and margaritas. private villa with chef/bartender/pool.
Can't beat that at all!!!!! last trip over 3 days we had over 40 sails, 3 blues, and too many dorado to count.
Hell yes. I am going to guatemala again in april 2800 person plus airfare and tips. 4k max total for 3 days fishing on a 35 bertram with AC. All the food, drinks and margaritas. private villa with chef/bartender/pool.
Can't beat that at all!!!!! last trip over 3 days we had over 40 sails, 3 blues, and too many dorado to count.
Posted on 3/10/23 at 8:35 am to NewMoneyTrash
What year is the boat because that factors in the maintenance cost imho. I have a 32cc with two Optimaxs.
Insurance $2500
Boat Storage $5-6k
Fuel $800-1200 per trip
Maintenance $varies but last year I spent around $4500
Oil $75-100 per trip if 2 stroke
I think that’s around what I spent last year. Insurance is expensive
Insurance $2500
Boat Storage $5-6k
Fuel $800-1200 per trip
Maintenance $varies but last year I spent around $4500
Oil $75-100 per trip if 2 stroke
I think that’s around what I spent last year. Insurance is expensive
This post was edited on 3/10/23 at 8:37 am
Posted on 3/10/23 at 1:37 pm to bushwacker
You have a link for the place & outfitter for the trip?
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