Cost of running a boat

Hi all

I have a 1987 41' and have been tracking the costs over a six year period. I am on a swinging mooring on the south coast and pay for engine servicing, haul out and winter hard standing in a marina with all services available.

The per foot figure below includes:
Insurance
All storage and mooring charges
Engine maintenance
15 days overnight costs in a marina during travels
Fuel
A/F

It does not include any repairs
Beer
Food
Damage caused by guests

£160

Comments?!

Sorry! I guess I must owe you a couple of inches
 
My 28 foot boat comes out at £61/foot/year. I have a swinging mooring in Chichester harbour. Lift out for the winter and do all my own maintenance.
 
The more you use 'em the cheaper and better maintained they are ( sort of, simplistically). And the longer one lives. Enjoyably. Sounds pretty good to me!
I go on the 15% pa figure into the pot plus I did an extensive refit upon purchase to get it all 'just so' and set up for my ways of singlehanding. That was exactly half the purchase cost, in materials and a couple bits of specialist welding and tools and spares and hugely enjoyable too in a different way cos I didn't need to rush at anything.
 
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I notice some people look at annual cost per foot, others at cost per day. If you can get the cost of ownership below a £100 a day, then I think that you are doing well compared with other ways of getting on the water, even £200 is not bad. Chartering a reasonable sized boat, say a Beneteau 37, for a week in the summer can easily hit £300 a day, more for a weekend, and not much less than £200 during the winter. Booking a place on a course or a milebuilder/cruise usually costs about £100 a day per person. On your own boat you can choose the company, the food, the destination and if the weather forecast doesn't suit you can change your plans without losing your deposit.
 
I notice some people look at annual cost per foot, others at cost per day. If you can get the cost of ownership below a £100 a day, then I think that you are doing well compared with other ways of getting on the water, even £200 is not bad. Chartering a reasonable sized boat, say a Beneteau 37, for a week in the summer can easily hit £300 a day, more for a weekend, and not much less than £200 during the winter. Booking a place on a course or a milebuilder/cruise usually costs about £100 a day per person. On your own boat you can choose the company, the food, the destination and if the weather forecast doesn't suit you can change your plans without losing your deposit.

That doesn't factor in the actual purchase price of the boat though. Financially, owning a boat doesn't make sense. But there really is more to life than money. I didn't get a chance to use my boat at all last year as I went through surgery / chemotherapy / radiotherapy etc. However, just knowing she was there somehow made life better. It is mad, but I hope fellow boat owners get it.

Nicola
 
That doesn't factor in the actual purchase price of the boat though. Financially, owning a boat doesn't make sense. But there really is more to life than money. I didn't get a chance to use my boat at all last year as I went through surgery / chemotherapy / radiotherapy etc. However, just knowing she was there somehow made life better. It is mad, but I hope fellow boat owners get it.

Nicola

That was certainly the case on my previous boat which ended up spending 8 months sitting in an expensive marina whilst I struggled to get out and sail. It was nothing more than a glorified boat park for me and many other owners.
Next time it's cash paid, cheap mooring and out as much as I want because it only needs me to sail it. Well, that's the theory at least ...!
PS - hope everything went well for you.
 
Are bits of canvas really that expensive? Including a good few hundred for diesel (I potter about at 6-7kn a lot more nowadays!) I would think about 1/3 of the op.
 
33' sloop, Southampton area Yacht Club, well sheltered deep water swinging mooring, winter storage ashore - £48/foot plus maintenance as needed. I think some of you are overpaying!

As these are fixed annual costs, actual usage of the boat is irrelevant.
 
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I refuse to give a figure, but mine costs about 1.8 times the number I tell my wife. She doesn't read the forum, and I'll kill anyone who lets this out of the bag!
A 26 foot 50 year old wooden boat is costing me more per foot than any of the numbers quoted so far on this thread - by some margin.
 
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