Searush
New member
Freeview £00.00
But no movies, sports or many of the other channels I watch. I am happy to pay for these, you are happy to do without, so we are both happy - aren't we?
how do you lot afford it!
- Thread starter panhandler52
- Start date
But no movies, sports or many of the other channels I watch. I am happy to pay for these, you are happy to do without, so we are both happy - aren't we?
rbcoomer
Active member
I've recently had a similar conversation with a friend and we concluded boating is much like many other interests or lifestyle choices - as expensive as you make it!
I certainly don't believe you need to be rich to enjoy getting out on the water - that would rule me out too - our first (current) boat was £300. I then spent a further £1600 in getting her seaworthy, insured and kitted out with safety essentials etc. We've had loads of fun over the last couple of years and probably will this coming season too as I work on the project that will ultimately be our 2nd boat. Whilst we didn't have to change boat, we want to venture further afield and 14' is a little borderline for coastal cruising...
I've looked pretty carefully at costs and decided two things - 1) I wouldn't borrow to fund a bigger boat and 2) given the amount of available time to use, I couldn't justify the additional costs of a mooring or marina berth - a couple of grand a year is still quite a few gallons of fuel even at today's extortionate prices. Costs seem to rack up exponentially the bigger the choice of boat - especially mobos that need ever bigger engines and more fuel to move them! Thus for the foreseeable future I for one will stick to trailer sized boats. Plus, when I'm short of cash I simply won't use and it won't cost much parked in the drive!
I certainly don't believe you need to be rich to enjoy getting out on the water - that would rule me out too - our first (current) boat was £300. I then spent a further £1600 in getting her seaworthy, insured and kitted out with safety essentials etc. We've had loads of fun over the last couple of years and probably will this coming season too as I work on the project that will ultimately be our 2nd boat. Whilst we didn't have to change boat, we want to venture further afield and 14' is a little borderline for coastal cruising...
I've looked pretty carefully at costs and decided two things - 1) I wouldn't borrow to fund a bigger boat and 2) given the amount of available time to use, I couldn't justify the additional costs of a mooring or marina berth - a couple of grand a year is still quite a few gallons of fuel even at today's extortionate prices.
Costs seem to rack up exponentially the bigger the choice of boat - especially mobos that need ever bigger engines and more fuel to move them! Thus for the foreseeable future I for one will stick to trailer sized boats. Plus, when I'm short of cash I simply won't use and it won't cost much parked in the drive!
rubberduck
Well-known member
what is rich ? I used to be but nowadays sometimes I am & sometimes not, it goes up & down like a bloody yo yo. The new rich is happy, so buy what you can afford & enjoy, above all do not overstretch, as lots of money on paper but struggling to pay bills is no way to live.
Warpa
New member
Move to virgin, 35 pm gives me the full package plus ALL sky movies. Not interested in sport unless on 2 or 4 wheels, so no point in paying for that for me.Has every channel sky has except the sport
Also has music on demand, searchable by artist, recorded, live and on demand etc....going reall off topic here lol.
OP, buy a smaller boat, no need to stretch finances, get back into it with a boat well under your budget, see what running and mooring costs are and move up as and when, when out on the water nothing else matters
D
Deleted User YDKXO
Guest
You're right on that one. In recent years I've kept a log of all my boat expenses and it is quite frightening just how much money I have sunk into my boat just keeping her and thats before I factor in depreciation. The answer to the question of how to make a small fortune is to start with a big fortune and then buy a boat. I certainly can't justify it in terms of days spent on board versus other types of holidays
photodog
Lord High Commander of Upper Broughton and Gunthor
I used to run a Fairline 36 sedan... and then swapped that for a Sealine S34...
that was 1999 ish...
For a weeks cruising in the West Country we would spend around £200 or so on fuel...
That same bill now would be £1000....
You can get a powerboat at a reasonable price... and probably maintain it yourself... and if you buy smartly... and keep the boat in good nick... you wont loose too much on the capitol...
But the fuel price is the killer now I think for average people... We could have continued to run the boat... and by now it would have been paid for... But the fuel prices would now put it beyond me.
We run a 9.5 meter yacht now... 1999 vintage... totally paid for.
I allow around £400 per month for all our expenses... including marina fees fuel... etc..
Last year we sailed from March to December... In reality I think given the time we spent on board... that the £400 per month is remarkable value. Certainly far far far cheaper than equivilant holidays....
But the fuel is the killer for the power boat.
shame really... it was good fun.
that was 1999 ish...
For a weeks cruising in the West Country we would spend around £200 or so on fuel...
That same bill now would be £1000....
You can get a powerboat at a reasonable price... and probably maintain it yourself... and if you buy smartly... and keep the boat in good nick... you wont loose too much on the capitol...
But the fuel price is the killer now I think for average people... We could have continued to run the boat... and by now it would have been paid for... But the fuel prices would now put it beyond me.
We run a 9.5 meter yacht now... 1999 vintage... totally paid for.
I allow around £400 per month for all our expenses... including marina fees fuel... etc..
Last year we sailed from March to December... In reality I think given the time we spent on board... that the £400 per month is remarkable value. Certainly far far far cheaper than equivilant holidays....
But the fuel is the killer for the power boat.
shame really... it was good fun.
lisilou
Active member
We've worked bloody hard (same as others) to get to a position where we can afford any kind of luxury never mind a boat. It's only in the last few years that we have been fortunate enough to afford to have the boat we have and moor it where we do. If at any stage we can no longer afford this boat and its current position, we would downgrade significantly and save ourselves a small fortune. We love boating and the quality of life it brings to us (priceless in our book) so it wouldn't to us matter how big/small and plush/basic the boat is, it's something we do within our financial means at the time. I would be devastated if we had to give it up because of financial constraints but of course, it is a luxury and it would go if it had to. We would not take out a loan for a boat. Our current boat would've cost us around £1000 pm to finance which just wasn't a monthly commitment we were prepared to or could afford to make. We don't take it for granted because we know it could change at any time. You're a long time dead so make the provisions you have to then enjoy what you have while you have it I say.
Lisa
Lisa
ProDave
Well-known member
I'm with Searush on this one.
There's a level of boating to suit all budgets.
I bought my little boat (see avatar) for under £2K complete and with a trailer.
Club membership, summer mooring and insurance about £400 fuel £negligible
Yes I'm boating near the bottom end, but this is just to show you don't have to be rich.
Even if I got a larger, more expensive boat, about the only cost that would rise would be insurance and fuel.
You just have to choose a boat to suit your budget. Even a little boat like mine is great fun to be out on.
It does seem however that there are plenty of old small raggies available quite cheap, but mobo's seem more expensive. Probably the value of a larger engine perhaps?
There's a level of boating to suit all budgets.
I bought my little boat (see avatar) for under £2K complete and with a trailer.
Club membership, summer mooring and insurance about £400 fuel £negligible
Yes I'm boating near the bottom end, but this is just to show you don't have to be rich.
Even if I got a larger, more expensive boat, about the only cost that would rise would be insurance and fuel.
You just have to choose a boat to suit your budget. Even a little boat like mine is great fun to be out on.
It does seem however that there are plenty of old small raggies available quite cheap, but mobo's seem more expensive. Probably the value of a larger engine perhaps?
honeybee
New member
Hi,
I also live in Central Scotalnd, not to sure where you are looking to moor at £4k a year (are you taking in consideration of all costs ? ), I have a BL 285 moored in De Vere Cameron House on Loch Lomond and pay no where near that for moorings only, I think if I did I wouldn't be boating at all.
For my Insurance,Electricity, boat cleaner & annual Service I am under £4k (not much).
You could clean your boat your self saving £600 per year.
Drop me a PM if you want more details.
Chris
I also live in Central Scotalnd, not to sure where you are looking to moor at £4k a year (are you taking in consideration of all costs ? ), I have a BL 285 moored in De Vere Cameron House on Loch Lomond and pay no where near that for moorings only, I think if I did I wouldn't be boating at all.
For my Insurance,Electricity, boat cleaner & annual Service I am under £4k (not much).
You could clean your boat your self saving £600 per year.
Drop me a PM if you want more details.
Chris
gjgm
Active member
There is some adage.. the bigger your grin, the smaller your boat....
simon barefoot
New member
OR.....
Sell the house, buy a bigger boat and liveaboard! Boatiness 24/7!
Sell the house, buy a bigger boat and liveaboard! Boatiness 24/7!
Sulley
New member
We worked out all our costs before we brought the boat to make sure we could afford it! Our costs are about £7k p.a including fuel, moorings, insurance, maintenance etc and we have petrol! However we look at our boat as a second home and spend as much time on it as possible summer or winter.
You can keep your suitcase holidays, I love my boat!
As soon as I get onboard I feel calm and happy which makes up for working hard to pay for it!
You can keep your suitcase holidays, I love my boat!
As soon as I get onboard I feel calm and happy which makes up for working hard to pay for it!
rafiki_
Well-known member
I fully concur with Sulley's sentiments. While we still have a holiday as well, we really value our weekends/days on board. You can feel the stress and tension drain away as soon as you are settled on board.
dabsolute470
Member
we agree also
cant wait till friday, every week swmbo and i go down the boat straight from work until sunday pm... its our escape
cant wait till friday, every week swmbo and i go down the boat straight from work until sunday pm... its our escape
Firefly625
Well-known member
maby
Well-known member
There are no rich boat owners - boat ownership can expand to consume the entire wealth of almost anyone - probably other than Bill Gates or Larry...
northwind
Well-known member
The view is the same, no matter which boat you have..
Better the one you can afford, than not to do it at all...
Better the one you can afford, than not to do it at all...
sailorman
Well-known member
sorry but dont do it on borrowed money.
i never borrow to buy a boat i started 42 yrs ago with a mirror dinghy that i built my self & worked up from there. if i hadnt had a boat i would be a millionaire now
epervier
Active member
As other have already alluded to, you don't have to win the lottery to be able to go boating, cut your cloth, as the saying goes, boats have been part of my life for almost 60 years now, a bit anal I know but it's marmitety, love it or hate it, I love it and for the most part other boaters as well.
I've had the same mooring for 30 years and it's not expensive, which is a huge saving on marina bills, my boat was bought outright (no lending involved) insurance about 300 a year, for 45k at risk, the boat is old and modest by some of the stuff out there, but it does what it says on the tin, fuel is in the region of 2-7 gph burn rate depending on your usage, I do my own maintenance and fettlin', I pay a registered mooring contractor to look after the mooring (yearly inspection) to conform to the insurance T's & C's and burn about 1200 litres a year.
Oh yea,
it beats the crapp out of going to Malaga for a three weeks a year with the wife to BIL's place. it's worth it for that on it's own
I've had the same mooring for 30 years and it's not expensive, which is a huge saving on marina bills, my boat was bought outright (no lending involved) insurance about 300 a year, for 45k at risk, the boat is old and modest by some of the stuff out there, but it does what it says on the tin, fuel is in the region of 2-7 gph burn rate depending on your usage, I do my own maintenance and fettlin', I pay a registered mooring contractor to look after the mooring (yearly inspection) to conform to the insurance T's & C's and burn about 1200 litres a year.
Oh yea,
it beats the crapp out of going to Malaga for a three weeks a year with the wife to BIL's place. it's worth it for that on it's own