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Ray, if you're still considering it-
ray lunder wrote: I've only owned small sailboats before but now,.. I'm looking at a pretty good deal on a 41 footer that needs some work. Can anyone comment on the less obvious costs of owning a boat this size? I do most repairs myself on smaller boats. As others have said, it depends *very* much on what kind of work. Materials have a way of costing way more than most people think, especially as the boat size goes up. This can make a "pretty good deal" suddenly look sour. The other factoid- time is (of course) money. Unless you really enjoy the particular sort of work that this boat needs, you are probably better off working extra hours & buying a boat that is already in good shape. Another "cost of ownership" is taxes- you can end up paying sales tax to your state or a "use tax" which can be a disguised sales tax on your purchase or a fee based on what the state thinks the boat should be worth... then you pay property taxes, often in both county & town. Depends very much on your area, but on a 41-footer it's sure to be more of an issue than a smaller boat. Another point about sales tax... many states now demand a share of what you should have paid them, when you move the boat into that state. Florida is a famous example, if you are cruising thru Flroida and stay more than 30 days they want you to register your boat with them (which is about $100 IIRC) and if you stay more than 90 days they want you to pay them sales tax .... no matter how long ago you bought the boat... although they are kind enough to allow you to deduct what you paid in sales tax in your home state. Fresh Breezes- Doug King |
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