Another new Nordhavn

[ShaneAtSea]

Personally I would order an Absolute Navetta the day after I win the lottery

Yeah me to.....the Navetta 68 is the best model

I dont like the helm on the 64 and the beach club is a bit disapointing

☹

 

[Mr Googler]

Delta 88 for me. If I can afford that.....I can afford to run IPS.

was always hopeful JFM was going to do a big build thread on one

 

[JB]

A nice N76 for me ?

 

[ShaneAtSea]

How much money would you need in the bank to spend £10m cash on a boat?

I think i read somewhere that you shouldnt spend more than 10% of what you have

So if you want to spend £10m on a boat you should have £100m in the bank

£10m in the bank then £1m on a boat and so on

 

[JB]

Not many people have 100 million in the bank! It means 10% of your net worth and includes assets such as property. So if you have €100 million equity in property you can go off and spend 10 on a boat

 

[JB]

Obviously everyone’s circumstances are different and financing arrangements are different so many people spend more than 10%.

 

[Bouba]

Not many people have 100 million in the bank! It means 10% of your net worth and includes assets such as property. So if you have €100 million equity in property you can go off and spend 10 on a boat

Not many banks have 100 million in them?

 

[Bouba]

I think the important formula is that a boat’s annual running cost is 10% of the purchase price

 

[MapisM]

So if you want to spend £10m on a boat you should have £100m in the bank
£10m in the bank then £1m on a boat and so on

Or you can do as the Americans:
With nothing in the bank, you just borrow whatever you need for the boat.
Same as with a house, a car, a TV, whatever...

 

[MapisM]

I think the important formula is that a boat’s annual running cost is 10% of the purchase price

Imho 10% is a bit OTT.
Trouble is, it should NOT be calculated on the purchase price, but on the price of the NEW boat, no matter how little you could have actually paid for her.
It's not like mooring, maintenance, fuel burn etc. go down with age - arguably, the opposite!

 

[Deleted User YDKXO]

Imho 10% is a bit OTT.
Trouble is, it should NOT be calculated on the purchase price, but on the price of the NEW boat, no matter how little you could have actually paid for her.
It's not like mooring, maintenance, fuel burn etc. go down with age - arguably, the opposite!

Correct which is why old big boats are so cheap to buy in relative terms. Anybody buying at the older end of the market wont be able to afford the maintenance

 

[Mr Googler]

Correct which is why old big boats are so cheap to buy in relative terms. Anybody buying at the older end of the market wont be able to afford the maintenance

Unless you join a dodgy boat forum, read about people melting charge air coolers, learn about dead rise and EGT’s (making you feel you must have bought the wrong boat), use wireless BBQ probes as over heat alarm system and get actual expert advice here and there so you can do your own work.....it then all becomes a bit more affordable?

 

[Deleted User YDKXO]

Unless you join a dodgy boat forum, read about people melting charge air coolers, learn about dead rise and EGT’s (making you feel you must have bought the wrong boat), use wireless BBQ probes as over heat alarm system and get actual expert advice here and there so you can do your own work.....it then all becomes a bit more affordable?

This forum is a temple of man maths. Anyone worshipping here will eventually convince themselves that they can afford to buy and keep any boat their heart desires Of course the real problem is getting our SWMBOs to worship in the same temple

 

[MapisM]

Unless you join a dodgy boat forum

In this respect, your avatar is one of the best!
Together with Bouba's, of course.

PS: not sure about Deleted User's, though....

 

[Mr Googler]

This forum is a temple of man maths. Anyone worshipping here will eventually convince themselves that they can afford to buy and keep any boat their heart desires Of course the real problem is getting our SWMBOs to worship in the same temple

AMEN to that!

 

[Mr Googler]

In this respect, your avatar is one of the best!
Together with Bouba's, of course.

PS: not sure about Deleted User's, though....

Is your avatar an example of high EGT damage????

 

[Deleted User YDKXO]

PS: not sure about Deleted User's, though....

Oi, youre dissing our much loved family pet

What about your avatar which as far as I can see is a poor little tuna fish taking its last breath before it ends up undercooked on somebody's plate?

 

[petem]

I think it's quite a good looking boat myself. Each to his own I guess but then you once told me you fancied Anne Widdecombe so I'm not sure your taste is infallible

I like it too but there again I fancy Pritti Patel so what do I know!

 

[Zing]

I think the important formula is that a boat’s annual running cost is 10% of the purchase price

Maybe on average, but it varies massively in time, also It depends on what you mean by running cost. I think depreciation must be in the figures, it is such an important element. All boats depreciate at maybe 10% to 15% a year on a reducing balance basis, but beyond a certain age, when most value has gone, say 15 years, that figure reduces a lot (the N62 has even gone up recently). New boats cost much less in maintenance than old ones and that cost is not balanced out by depreciation. A new one might cost to run 20% all in of hull market value and a 15 yr old one 5%, especially if kept somewhere cheap and you DIY things.

 

[Bouba]

Looks like I need to amend my formula?
Here goes, while buying a boat maybe a ratio to your assets, running a boat comes from your income.
How’s that??‍