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Ed[_8_] Ed[_8_] is offline
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First recorded activity by BoatBanter: May 2008
Posts: 20
Default The High Cost of Cruising


I typically put on 250 hours a years at 4 gph which puts fuel at about
$6,000.

The dockspace is costing me $5,000 a year.

Maintenance, insurance is $3,000 a year.

Depreciation of the trawler is $8,000 a year.

Opportunity cost(@ 5%) is $10,000 a year.

The thing is costing me $32,000 a year!




Short answer.. get a sailboat as Roger suggested, or you can move to China
(lol). Even including taking classes, which I recommend if you don't know
how to sail or it's been a while, you'll be way ahead. I easily go a whole
summer without using 1/2 tank. If you gain confidence, you can anchor out
a lot, and perhaps you'll save a few $$ on dockspace. You'll need
insurance and have repair bills. Forget about depreciation. Forget about
resale value. Forget about opportunity cost. For every day you sail, you
get to add that day to your lifespan!



HUH???

Only 6K of that is Fuel.... Dockspace, maintenance, insurance and Depr will
be similar for a similar priced sailboat. Alternatives for dockage are
also the same. So sail vs trawler is only about a 20% difference in this
example.

BTW.. if you want to feel better about your 6K in fuel... I just canceled my
10 day Exuma run because that trip alone from FLL to Exuma and back in a 48'
FBSF was going to be 8K. I can spend 5 weeks in keys with dockage and fuel
for 1/2 of that....