Buying a Boat
($120,000 Boat)
$
24,000
Down Payment
-
10 year loan at 6%: $1,065
-
Insurance: $100
-
Maintenance: $50
-
Storage Fees (estimate): $275
-
Fuel: $100+
Total Monthly: $1,490+
Plus time spent cleaning, towing, storage, etc.
Plus time spent cleaning, towing, storage, etc.
Join the Club
(Annual Membership)
$
12,500
One Time Initiation
-
Monthly Dues: $600
-
Insurance: $0
-
Maintenance: $0
-
Slip Fees: $0
-
Fuel: $100+
Total Monthly: $600+
No time spent cleaning, towing, storage, etc.
No time spent cleaning, towing, storage, etc.
According to the National Marine Manufacturers Association [NMMA], U.S. boat owners use their boats an average of 15 times annually, which means the average boat owner is paying $500-$1,000 per use!
Additionally, the NMMA reports that the average boater wants something new every 2-5 years – which means the boat you buy today probably won’t meet your needs five years from now.