Well it is time for me to bow out of this debate and do some work. I will just give three examples that illustrate the cost of MAB ownership and support both sides of the argument.
Case 1: 35 year old Westerly 31.
The boat has been in the same family for 35 years, father & son have a wealth of boat ownership expertise between them. The boat is in concourse condition (outwardly) and sprouts little modern yachting gadgetry. Last year the owner tackled a tedious once in 20 year job that effectively robbed him of a season’s sailing. This boat demonstrates that MAB ownership can be far cheaper than new AWB ownership.
Case 2: 25 year old Westerly 36.
One owner from new. During a 90 minute visit aboard for a glass of wine and chat this summer I clocked up £16k of expenditure on major items over the past 3 years. New engine, new drive chain after underwater prop collision, new opening saloon windows all round, pro upgrade to the battery compartment with a new high amp wiring loom.
Case 3: 22 year old Westerly.
New entrant to yacht ownership. On the surface the boat looks like a good example and probably cost £35k. Since I reckon the owner has spent £15k minimum on big ticket items including an £8k deep peel osmosis job, new saloon windows all round, a major upgrade to the electronics and an extra mid season haul out to fix a prop shaft leak. Over the next 5 years the working sails will need to be replaced and the engine is original.
New arrivals to yachting are not been told the truth about the cost of owning a 20+ year old yacht. Yacht magazines collude in the status quo because they have to flatter their existing readership when writing reviews of older yachts. The only person who honestly presents the ugly financial/diy side of MAB ownership is Dick Durham in his regular YM column.
Case 1: 35 year old Westerly 31.
The boat has been in the same family for 35 years, father & son have a wealth of boat ownership expertise between them. The boat is in concourse condition (outwardly) and sprouts little modern yachting gadgetry. Last year the owner tackled a tedious once in 20 year job that effectively robbed him of a season’s sailing. This boat demonstrates that MAB ownership can be far cheaper than new AWB ownership.
Case 2: 25 year old Westerly 36.
One owner from new. During a 90 minute visit aboard for a glass of wine and chat this summer I clocked up £16k of expenditure on major items over the past 3 years. New engine, new drive chain after underwater prop collision, new opening saloon windows all round, pro upgrade to the battery compartment with a new high amp wiring loom.
Case 3: 22 year old Westerly.
New entrant to yacht ownership. On the surface the boat looks like a good example and probably cost £35k. Since I reckon the owner has spent £15k minimum on big ticket items including an £8k deep peel osmosis job, new saloon windows all round, a major upgrade to the electronics and an extra mid season haul out to fix a prop shaft leak. Over the next 5 years the working sails will need to be replaced and the engine is original.
New arrivals to yachting are not been told the truth about the cost of owning a 20+ year old yacht. Yacht magazines collude in the status quo because they have to flatter their existing readership when writing reviews of older yachts. The only person who honestly presents the ugly financial/diy side of MAB ownership is Dick Durham in his regular YM column.