Cost per use

I was watching a home in the sun prog a few days ago based in Florida where they had a huge shed full of boats and for an initial payment of £1200 you then paid an extra £300 or £600 (can't remember which) that then gave you 3 months unlimited use of any boat up to 37'. Seemed like an excellent deal to me.

Would hate to calculate the cost of use for the 3 boats that I own or co-own, but the pleasure they give me is incalculable. If and when that changes I will sell them.
 
If you want to cheer yourself up think of other ways of "losing" a few £k each year. Take car depreciation-BIL just costing a newer car to replace 10 reg 318 beamer, cost about 20k jan 2011 value now about £8k so about £2.5k per year depreciation on a fairly basic family car and he avoid the initial new car depreciation by buying at a few months old. It makes my £2.4k annual boating budget inc mooring fees, insurance, fuel, marina and harbour fees and instrument and equipment replacements factored over say 10 year lifespan, look good value for about 60 days away on the boat
About £40 per day away.
 
Agree with those calling for deletion of this thread... I have sometimes been asked by friends what it costs to go motor-boating. I have always said that something I will NEVER do is calculate the cost per day or per hour as it will be ridiculous. I think you need to account for depreciation as well though. That can be the biggest cost of all in some circumstances. The truth is you really really have to love the time you spend on your boat to want to do it!
 
C08 said:
It makes my £2.4k annual boating budget inc mooring fees, insurance, fuel, marina and harbour fees and instrument and equipment replacements factored over say 10 year lifespan, look good value for about 60 days away on the boat
About £40 per day away.
Click to expand...

What sort of boat do you have?
 
thecommander said:
So my partner and I did a few calculations last night to find out how much our motorboat was actually costing per use.

For a 20ft 3 litre petrol motorboat, drystacked with 20 uses per year it was costing £200 everytime we stepped onboard. Needless to say we were shocked. If we've done this calculation three years ago, we would have never bought a boat. But we're hooked now :D

This cost was calculated by totaling up our drystack fees, annual fuel costs, insurance costs, annual maintenance costs, cost of transport to and from the boat divided by the annual visits/trips to the boat. Not 100% scientific as it doesn't account for depreciation on the boat nor food or drink costs onboard.

I would be interested to hear readers opinions. Obviously the more you visit your boat the cheaper the cost per use becomes.
Click to expand...
Ah yes.. the old trick of omiting depreciation !
 
excluding the depreciation (havent a clue what that is), I'm averaging £236 per day out, for a Windy 25 kept in mallorca.

I used to do a fair few tracks days in my caterham 7, and I calculated that cost about £450 per day on average, so a boat is quite reasonable compared to a track car.
 
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omega2 said:
Only on the purchase price I think, the TLC and upgrades you have omitted I'll wager. Anyway having a boat has nothing to do with economics, it's the pure joy of having/using one.
Click to expand...

but we were not talking of maintenance, just depreciation.

I only did 1 upgrade, and that was to add radar. Even taking that into account I still made a profit.

All other costs came under maintenance..
 
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