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Deleted User YDKXO
Guest
We've just completed a nice 300nm meander through the Dalmatian islands in Croatia moving our boat from it's winter base in N Italy to it's summer base near Split. For the first time, I forced myself to do a substantial part of this trip at minimum in gear speed which on my boat happens to be 7.3kts, in order to save fuel. My smugness at having saved several hundred Euros worth of diesel soon evaporated however when I filled in the log book at the end of the trip and found that the trip had put about 30hrs on the engines, which is not far off half my normal annual usage. I then began to wonder whether the few hundred Euros I'd saved was more than wiped out by the extra depreciation I'd incurred by putting those extra hours on the engines.
So I started to think about the numbers on this. Say that 2 people, Buyer A and Buyer B, buy 2 new 45ft flybridge cruisers which they intend to keep for 5yrs. Buyer A doesn't care about fuel consumption and he cruises everywhere at 21kts consuming fuel at a rate of 20 gals/hr. Buyer B is a skinflint and closet ecowarrior and cruises everywhere at 7kts consuming fuel at 2 gals/hr. Lets assume also that diesel costs £5/gal and both Buyer A and Buyer B cruise on average 2100nm per season (equivalent to an average 100hrs at 21kts). Without going into the detailed maths but anyone can work it out, Buyer A will spend £10,000 per year on fuel and Buyer B will spend £3,000 per year which, after 5yrs, will result in a very handy £35,000 saving for Buyer B.
But here is the big but, after 5yrs Buyer A will be selling a boat with 500hrs on it and Buyer B will be selling a boat with a massive 1500hrs on it. Buyer B may have saved £35,000 in fuel costs over 5yrs but I bet that saving will be more than wiped out by the extra depreciation he has incurred on the value of his boat. Now you can argue about the reality of the figures and maybe you can argue that Buyer B is going to do less mileage in a season than Buyer A anyway. Maybe the logical conclusion of this is that if you intend to do displacement cruising, buy a displacement boat and them when you sell it, its not going to have more hours than other boats on the market. Maybe used boat buyers should be educated not just to judge a boat on engine hours but on total mileage covered, like cars. Or maybe the logical conclusion is that all we planing boat owners should blat everywhere at max speed to minimise engine hours
There's been a lot said on this forum and in the mobo mags recently about slowing down to save fuel but maybe we planing boat owners aren't really saving money at all by doing this?
So I started to think about the numbers on this. Say that 2 people, Buyer A and Buyer B, buy 2 new 45ft flybridge cruisers which they intend to keep for 5yrs. Buyer A doesn't care about fuel consumption and he cruises everywhere at 21kts consuming fuel at a rate of 20 gals/hr. Buyer B is a skinflint and closet ecowarrior and cruises everywhere at 7kts consuming fuel at 2 gals/hr. Lets assume also that diesel costs £5/gal and both Buyer A and Buyer B cruise on average 2100nm per season (equivalent to an average 100hrs at 21kts). Without going into the detailed maths but anyone can work it out, Buyer A will spend £10,000 per year on fuel and Buyer B will spend £3,000 per year which, after 5yrs, will result in a very handy £35,000 saving for Buyer B.
But here is the big but, after 5yrs Buyer A will be selling a boat with 500hrs on it and Buyer B will be selling a boat with a massive 1500hrs on it. Buyer B may have saved £35,000 in fuel costs over 5yrs but I bet that saving will be more than wiped out by the extra depreciation he has incurred on the value of his boat. Now you can argue about the reality of the figures and maybe you can argue that Buyer B is going to do less mileage in a season than Buyer A anyway. Maybe the logical conclusion of this is that if you intend to do displacement cruising, buy a displacement boat and them when you sell it, its not going to have more hours than other boats on the market. Maybe used boat buyers should be educated not just to judge a boat on engine hours but on total mileage covered, like cars. Or maybe the logical conclusion is that all we planing boat owners should blat everywhere at max speed to minimise engine hours
There's been a lot said on this forum and in the mobo mags recently about slowing down to save fuel but maybe we planing boat owners aren't really saving money at all by doing this?