![]() If you get a mooring, you’ll need a row boat, dinghy, or kayak to get to your boat at its mooring.Ī basic row boat with oars will cost you about $1,000 new or about $500 used. Wait lists for a mooring can run years, so if you’re lucky enough to get one, plan to spend anywhere from the low hundreds annually to as much as $1,000 per month for larger boats.Īlternative: Instead of paying for a mooring, find a boat yard where you can store your boat in between sails for a seasonal fee. Just like a motor vehicle, the registration costs vary by state, from pocket change in some states to more than $250 in New Jersey for a boat 65-feet or longer. ![]() Rates are higher in hurricane-prone areas. In this case, a $20,000 boat would cost about $300 to insure. Rates average about 1.5% of the boat’s insured value. In other states, like South Carolina, boat owners pay a tax equal to 10.5% of the boats assessed value yearly if the boat spends more than 180 days in the state. If we compromise in the middle on a J-22, which is 22-feet long, we could pick up a new 2010 model for about $23,000 or a used 2003 model for about $15,000, according to NADA guides. I’m pushing for a teeny tiny sailboat, while my husband dreams of owning a powerful 40-footer. This may be the one cost of boat ownership that you can truly control! (Yikes! I’m getting an expensive feeling already.)įor this post, I’ll focus on owning a sailboat. With the answer in hand, I can argue that we cannot afford to buy a boat, or I can concede and make my husband extremely happy.Īs I suspected, there are many costs related to boat ownership. I would never buy a boat for our family if it were up to me, so researching the true cost of owning a boat gives me something concrete to cling to. I ask my husband this question every time he prods me about buying one. How much does it really cost to own a boat?
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