The cost of running a Squadron 58 - first season ...

jrudge

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So what does it really cost to run a new to you ( or me! ) squadron 58.

People seem to dance around costs so I thought I would give a candid report on costs and issues over my first season.

I bought the boat at Easter with 512 hours on it. Today it has 608 so bar the rounding we did 100 hours and the season is not over. I guess another 30 hours will be added but my 2 month cruise has ended so this is a good time to report.

The boat is based in Palma. I do most things myself other than open up engines or similar. Anything speciality I get someone else involved. I have heaps of tools, spares, nuts, bolts, wires, plumbing and more on board. I even have an angle grinder which helped me fabricate a piece to mend a Williams Throttle at anchor! The neighbours did not bat and eye lid!

Pre season.

Pre season I did a lot of work to the boat. It had been looked after mechanically to within an inch of its life but the rest of the boat whilst not neglected was a little tired and had not had the love and attention it deserved.

There was a large amount of cleaning and minor repairs

- Carpets and leather clean E400
- 3 x minor teak repairs E300
- Boat top sides polish. E300 ( seems to be a trendy figure !)
- 4 x new TVs E450 for a 42 inch in the saloon and E200 each for 21 inch in the cabins. All smart TVs
- USB charging sockets £10 on eBay ( total godsend no generator the charge devices )
- The teak looked shot but cutting back the old chalking and sanding the teak gave impressive results other than the flybridge. It took 2 days but was worth it Major job. Result was impressive. Cost was elbow grease and about £25 on some decent chisels
- Clean exterior vinyl with magic sponges ( girlfriend now thinks magic sponges are amazing )
- Additional flybridge lighting high level £100 low level £ 10 for the switch and rope light I already had but only £10 if you were buying it
- Blind repairs
- Took paserelle teak grating to bits. Reversed it to expose the better bits. Re glued with epoxy. Sanded. Like new
- Replaced vacuum toilets with tecma ( JFM told me what to buy. I have learnt to just say yes John as he is normally right ... he was ) approx £2200 fitted. Toilets from Coastal rides as they had then in stock. Tecma were 6 weeks delivery.
- New ice maker £200 from coastal rides. Amazing. New they are £1400. It was new in a box but dated 2006 !
- Pressure based water level indicator. £100. The Volvo ones over read and installing a new one was simpler

And probably a heap more.

The dealer paid for things I found pre purchase

- air con overhaul Assorted air handlers , valves and filters
- Volvo Evc errors ( they still randomly come up and I just ignore them )
- Toilet repair ( this part subbed the new toilets )
- Top helm steering
- 12 v dropper replace
- Tender repair. They never did sort so I swapped the outboard tender for a new anchor and chain from boats.co.uk as the old chain was rusty and I wanted a bigger anchor
- New exhaust elbow
- Engine bay extinguisher pressure test and refill

I guess this lot cost them circa E10,000 given i know the details of what was done and snippets of the bills involved.


Tender

Bought a 2008 Williams 325 with 100 hours on it from the Mallorca Facebook group for E6250

It failed its sea trail ( it was missing) and the vendor took it off to Williams. Needed new temperature sensor. Now smooth and runs well.

Rib was sound but a little scrappy ( gelcoat, steering wheel, tubes).

Spent E300 on gel coat repairs.

The tubes were ok and cleaned up well but I had a leak in one side and then the other side failed totally at the back. I needed a set asap. They are only £1100 new from Williams but shipping was £300 and it was going to take 3 -4 days. I did not have 3 -4 days so I bought a good second hand set from boats.co.uk for E600. They leaked ahhhh so I got then repaired for E185. More importantly I was up and running.

The nav lights did not work £135. All cheap ones were big. These are small and i don’t like going out at night without lights!

New steering wheel and quick remove hub £100. Its on strops and the old on which was to be replace anyway got trapped behind the strops and ripped off. Removable hub sorts it

Second hand cover from boats.co.uk for E350

Amazing rib for an all up cost of E7750. Most ribs don’t include a cover and E600 of that was unexpected. so the real cost was some E7000 and it is in perfect order.


First Long Run ...


Other than short trips the beginning of the summer cruise was the first real bug runs it got.

The engines were running hot ( 90 ish) so in Cala Dor I got them acid flushed. It cost e800 with was excessive but it was done the next morning in peak season so no complaints. Knocked about 8-9 degrees off and then now run at 80 / 82

The generator Impeller went. I replaced it but lots of bits were missing. E50 for their removal.

I had a space for a fridge or freezer in the utility. I bought a second hand one from boats.co.uk for E300. So now 3 fridges yay. Cant resist giving Nick Barke money!


Mid season lift ...


The boat was more fouled than I imagined so I got it lifted.

Lifts in August ( I went home for 5 days) are half price so E1200 for lift 5 days on hard and spray off.

Anti foul. Fitting of under water lights and water maker fittings for e1200 and e800 for the anti foul.

The lights came from forumite EME and eBay ( two from each) The eBay ones were new and boxed so a total of £400

The cutlass bearings were changed for e3000 ( most quotes were e7000. Mallorca in august !). This was on the survey and expected.

I noticed there was water in the bilge and bought a new sump box as the one servicing the air conditioning had given up the ghost.


Generator ....

The generator started surging - there is a related forum post. Wow what amazing people on here who will help you. This was the only real fault the boat had during the summer. It turned out to be a faulty actuator which I found a pre installed but not used one from forumite Aquatom . Also bought filters etc and total cost was E500 and 5 days with a dodgy generator. I can see why people have 2 of them!


Engine Oil Leak....

Leaving Ibiza for Mallorca I checked the engine room. Quote a lot of oil spatter - but a small amount of oil.

Onto Volvo. There is a relief valve that will release oil if the breather filters are slightly blocked. Don’t worry be happy.

Back to mallorca. Small amount more oil. Cleaned it up and breathers replaced. Sorted.

Not had the bill yet but I guess E200 ( there are 2 filters for each engine and they were all replaced).


Crew

I always hire a crew person for the summer. I am on the boat for a long time and have lots of guests. As such they do the wash downs. cleaning, washing, ironing and cooking and i get a holiday as opposed to acting a a B and B host!

Cost E2500 per month - E5000


Fuel and moorings are discretionary so I wont list them and I probably don’t really want to know to be honest. I spend half my time at anchor so the mooring bills are not so bad.

Ibiza Town cost me E640 for the night, but i was anchored, it was very rough, the kids did not like it ( nor did dad) and they sensed my desperation on the phone!

I wont add up the totals as you can categories the spend in a number of ways.

I will have left off a list of small expenditure and have not included anything like water toys that have cost money but really have little to do with the boat itself.

As some know I previously had a 2014 Squadron 65. To be honest more went wrong with that in a season than this one which is some testament to how it was built and the care of the prior owner.

Now i cant tell you if this representative but the boat has had a lot of hours / miles put on it and has caused almost no trouble. This was to be honest a slight surprise to me, but equally the pre season prep it had from me was pretty extensive.

I chose not to conduct minor fixes with people on board, instead using 2 periods of 2 days where there were no guests/ children on board.

The boat is now in Palma cleaner and with more working than it started the season which is quite an achievement ( helped by crew of course).

I hope the numbers are of interest to fellow forumites
 
very good reading, I'll endeavor to post similar as we too are nearly one year in to owning our 06 Azimut and have been updating and sorting a few items, mostly just age related wear. thanks for posting this.
 
think i prefer to ignore what i have spent.

crew person for the summer is not a bad idea. maybe i will need a boat with crew cabin next!

who do you use for "crew" during the summer? specific company sources them or you know someone personally?
 
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think i prefer to ignore what i have spent.

crew person for the summer is not a bad idea. maybe i will need a boat with crew cabin next!

who do you use for "crew" during the summer? specific company sources them or you know someone personally?

This one was a dock walker looking for work - there are lots of them in Palma.

There is also a Facebook Palma yacht crew group that you post on and get dozens of applications !

In the scene of the overall costs e5000 makes the boat a much nicer place to be
 
Very interesting reading.

On the other end of the spectrum: 2003 Cranchi Smeraldo 37, based on a fresh water lake in the West of Ireland

Club Membership & Footage: €500
Electricity: €250
Lift / Drop back in (stored on hard from October - March): €100
Servicing: €300 (DIY)
Compound & Polish: €50 (DIY)
Sanding / Clean Teak: €30 (DIY)
General cleaning bits: Approx €50 - €100
2 x 55a trim pump circuit breakers €40
Fuel (to date this season): €1500

Looks like i'm getting away lightly! I do all my own work with the exception of having to take the engine apart. Even then, the 'club spirit' comes into play and you'd have people helping with engine removal etc. - Earlier this year I did a re-build on a members old Perkins engine. I only charged a bottle of wine for labour, parts were about €300

This is a bit of a "chalk & cheese" comparison, not only because of the size of the boat, but it's fair to say that less tends to go wrong with a boat on fresh water (I could be totally wrong, just my opinion)

Last year we had to replace an actuator which was something like €800 (when you take it apart you realise ripoff Volvo prices) and out-drive shaft seal (Can't remember the price) - both were again DIY. Biggest spend since ownership (about 5-6 years now) was a new canopy @ €3500
 
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I wont break this down, but taking all my maintenance costs over the duration of my ownership and dividing by the 4 years of ownership so far, I have spent ~£4500 per year on maintenance. This does not include fuel.insurance or mooring fee's. It does include servicing, antifoul, repairs, equipment replacement etc.

A few largish items that help make up this cost, were the sanding and recaulking of the teak deck, new cover, fitting battery charger, new anchor, new fixed vhf, new batteries, two sets of steering rams etc etc

This is for a 2006 windy 25, single engined volvo d4. Sounds high to me, hoping for some lower bills over the next few years to bring the average down a bit, but I suspect that may be wishful thinking.
 
Thanks J, all very interesting.

Did I read this right "E640 for a night at anchor"?

I think what he meant was... "€640 for a night in Ibiza. We *were* on the anchor, but...."

Hope i'm not wrong on that one, otherwise... crikey!
 
That makes me feel a whole lot better. We got caught out by a strong southerly wind in N.Spain last week and had to overnight in Llanca marina an hour away from my own Empuriabrava marina and had to fork out €80 (11.3 meters) Nice toilets though. A day later with September rates it would have been €40
 
What a fantastically insightful thread - thank you for taking the time to put together and share. Is it too cheeky to ask what you pay for your annual berth in Palma? That way, you can get a sense of annual cost to run the boat (excl fuel and insurance) which I would find genuinely useful!
 
€640 per night to moor up is the part which puts me off Med boating. That and the though of having to bribe people the price of a British mooring (or more) just to be able to pay the exorbitant charges.

Let's see what the future brings in 5 or 10 years time......

A very insightful post.

Henry :)
 
No you can anchor for free Pete!
The cost of births in Ibiza were frightening, I have not been for 5 years and possibly 8 years in August in the Town, I got quoted 600 Euros Marina Ibiza, 500 Euros in Botofoch and ended up on Magna at 375 and thought that was a bargain! Funny how your perception to expensive changes, St Euralia was the 380 and San Antonio was 280 which after being there at the end of June and paying I think about 140 a night again thought that was expensive until I went to the south of the island!
I wold say everything was much more expensive this year and funny that Ibiza had space in every Marina I called on that day in August I wonder if people just refuse to pay it, again we normally anchor 2 days and Marina 1 day but when people need earlier flights you end up in Marinas a bit more, Cala D Or was by far the cheapest at 140 euros a night and had space overtime we asked.
 
What a fantastically insightful thread - thank you for taking the time to put together and share. Is it too cheeky to ask what you pay for your annual berth in Palma? That way, you can get a sense of annual cost to run the boat (excl fuel and insurance) which I would find genuinely useful!

I don't have a full time berth as the host is out all of July and august so it is not worth it for me. Winter in andraxt or Cala dor ( October to May ) is e12000. Full time in Palma is about e26000 inc taxes and navigation fees.
 
Interesting that you concluded that with lots of use little went wrong.

That's always been my experience and understanding: The more you use a boat, the more it likes it.
Standing idle for long periods is what causes unreliability and decay.
 
Interesting that you concluded that with lots of use little went wrong.

That's always been my experience and understanding: The more you use a boat, the more it likes it.
Standing idle for long periods is what causes unreliability and decay.

Agreed but bear in mind the boat had done 500 hours in its first 12 years and has done 100 hours in 5 months!

It was well looked after mechanically as the stack of bills since new show, but even so i thought it did well!
 
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