Entry cost

[Capt Ray]

Certainly. But it also means some of what I paid went to the seller's broker. Assuming the seller eventually paid his broker.

-Chris

I *suspect* that the typical 10% deposit, held in escrow by the seller's broker often simply becomes his / her payment for brokering the deal,+/- final negotiations on the sale price after survey. If there is a buyer's broker in the mix, then they hold the escrow, I believe.

A few years ago I got stiffed by a seller's broker for a portion of my deposit... a problem that is less likely to happen if I had a buyer's broker in the mix.

((The story is longer than I'd like to elaborate upon here.))

I like the advice that is given in the other responses. I *think* that boats older than 20 years old are a bit harder to buy insurance for. Like everything else "it depends".

 

[Delta Riverat]

Just learned of a new type of acquisition cost. I am looking at a boat with transferable moorage. I am in the Seattle market and moorage is generally tight here so I thought transferable moorage could save me a hassle. I called the marina to inquire about the transfer process and was informed the "Transfer fee" from 1 owner to another is equal to 1 months moorage to in essence cut to the front of the waitlist line. So that means I could end up paying 13 months of moorage for a 12 month period. That seems like a steep transfer fee to me but I guess I need to get with the times.

Hehe, yeah, welcome to the club!

I paid 4 months of moorage at my home marina (Stockton) at $375/mo while my boat was being readied in Alameda where the slip was $750/mo. just so the home marina wouldn't rent my slip.

 

[lwarden]

Well this thread inspired me, and since I had nothing better to do this evening I thought I would tally up the annual cost of ownership in the nearly 4 years I've owned North Star.
It came out to about $2,300/mo or 17% of the original purchase price of the boat/year. Not too bad considering all the upgrades we've done to the boat and the fact we live in SoCal. I'm also pretty fastidious with maintenance and upgrades but do a lot of the work myself so take that into account.

I don't even want to know what it would cost if I were hiring the work out. I would probably not be able to justify owning to to be honest.

Fuel cost was about 10% of operating costs, meh.

 

[SteveK]

It seems that at any level of purchase price the 1st year added costs tally up to about 30% Average.

I have owned a lot of chevy's and just 2 Ford's. Post 1 should have called it a Ford among boats.

 

[waterbound]

I've been looking for a cost breakdown like that. Thanks for sharing!