Can You Afford To Own A Boat?

[@snipert6841]

I’ve got a 20 year old center console with an old Smokey two stroke that I can rip apart in 40 minutes. We have just as much fun as are friends with brand new boats. If you can turn a wrench it ain’t bad.

[@TailwalkBoats]

It's definitely right up there with using hard drugs and gambling.

[@rickytejera6707]

Hard Drugs has a different price than just monetary

[@davestephens9463]

Or drinking

[@Mudnuri]

Paid 100k for my boat. It has to be detailed after using. I do that myself. When it has electrical issues (why? moisture, I guess) I have to take it to a guy. Usually it's something stupid but costs me a few hundred +/-. Ding in the gelcoat? Another couple/ few hundred. 100hr = $500+/- Fuel= $300+ depends Boat ramp fees vary. Trailer maintenence is going to happen and costs $500+ It's ALL worth it. A lot of it can be done yourself and save $.

[@Bostonharborwater]

If you want to part time boat/ fish? Get a small used trailerable boat under 20 feet. It gets a lot more expensive otherwise.

[@bmiller7710]

Hey thanks for the insight and your advice was spot on! Found the relief valve was stuck closed. Soaked with penetrating oil and used compressed air and blew through it. Took the old girl out and ran 235 miles round trip with no issues! Thank you and much appreciated!

[@moto_rad]

Old 12' v hull. $100 Old outboard $380 Being on the water? Priceless.

[@TheNutzandBoltz]

I traded an electric oven for a 1987 Yamaha big Bear 4 wheeler. I ride with a friend who has a $32k side by side. I have a $4k 2000 Key West with an undersized 60HP Merc. I go to the lake with a friend who has a $140k wakeboard boat. I call it Representing. The poor man can do what the rich man can but just not as fast. lol

[@Sir55555]

Great point

[@TheBoatersPodcast]

Lol :) For sure! Traded an electric oven for the Big Bear lol Love it!

[@BurchellAtTheWharf]

0:06 anyone can afford a boat but you gotta know the kind of boat you need vs. what you can handle. A under 30' "Cape"/"fishing" style boat, very easy maintenance, but storage and transport might be an issue but with inboard straight shaft, are the cheapest most economical of boats to own

[@DrEd-th2lu]

I did purchase a dealership new boat 20 years ago, and the price was much more reasonable than today. I still have it, and everything from day one was done by me. Since then, I have only purchased used. Yes, I own a few. The new prices are even out of my reach, and I have been blessed with a great income. I hope they drop in the future but it is not likely.

[@porteand]

Blessing us with your knowledge constantly! Thank you !!

[@DustinKeating-yk3vq]

I paid 8,000 for 2008 18ft alumnacraft with a 115 Yamaha 2 stroke the compression on each cylinder is 130psi and is runs great starts on the first spin every time great engine

[@rockdaddio69]

The cost of boating to me is, however much I care to devote to my love. To those of us who love water and love boating, there will always be a way to find something from an inflatable dinghy or a wooden shoe to a 70 foot aluminum classic cruiser.

[@smannee]

Facts.

[@tylough]

I keep an inflatable boat and 5hp outboard in my car.

[@thelastboomer9088]

Boating is actually the second most expensive hobby. Women ranks as the #1 most expensive, by far.

[@patriotfox7192]

It’s not any more expensive than a car. Especially if you trailer it and hose it off with freshwater every time. Maintenance was way less then a car I had a new Parker 2120 cabin fishing boat. It was awesome.

[@dwayneroberts6616]

If you try to go new it's brutally expensive today. If you can't turn a wrench or are not willing to learn how to repair and maintain your own boat forget it. I've never worked on boats until I bought mine. So far I've been restoring it myself. It is nerve racking taking a conical metal bur and routing out cracks in gelcoat 😂 but I bought some awesome materials that have made filling in the removed cracks way easier than I thought. I have a couple lows that Ill be going over again but I'm confident I can wet sand it back to perfect shape. Bought waxed and unwaxed gelcoat. I'll be rolling and tipping the top of the boat after then comes more wet sanding and buffing. Lot of work but all of that only cost me $150.00 for material and a few bouts of dehydration and exhaustion 😂.

[@dieseltechjb]

I paid $1k for my 21ft open bow with a cracked engine. I stuffed a 5.3 LS in it and now I’ve got a boat for a fraction the cost of most bow riders

[@robokiss7822]

Cost of boat's depends i love seafood so for me is way cheaper owning a boat and catching my own seafood and have fun at the same time ..

[@goldentrim344]

Boa t14 foot jon boat 1200, 6 hp Yamaha 1800. Burns half a gallon per hour full throttle.

[@christopherbowersdresser4188]

modern boats are insane in cost. having worked for Everglades and Boston Whaler i can tell you they're operating costs are also insane. just the monthly electric bill would blow your mind. if a 30' ish boat cost 300k now subtract for the motors..probably 3-4 300's at 30k+ each. so say 90-120k in motors, another 5--10k for navionics / electronics, 5-10k for interior. after that stuff your boat is 5k per foot bow to stern. which seems logical to the cost of mfg per ln foot. while writing this it made me think of my old boat. just glassed a new floor into it on saturday. boats of today wont have that issue, no wood and 100% molded fiberglass everywhere. the boats built today...when aged will be far superior to the boats of yesteryear when brand new. which also means that used prices will never get to the lows they are at now. so when my kids grow up and get on fb marketplace looking for a used boat i doubt they'll find a cheap one. but the quality of the used boat market in 20 years will be outstanding. i wonder what a 2024 18' will cost in 20 years.

[@crank1422]

I don’t think it’s “Too” expensive. I just purchased a 20 year old Mastercraft in phenomenal condition with 575 hours on it for $15,000. The original price was around $50,000. Just like with the golf clubs reference, a set of Ping clubs used by a PGA tour pro would cost you $5000-$6000. However, wait 3-4 years and that becomes $1200 really quick. It’s the same with boating, it’s just the amount of cash you may need to have disposable may need to be more because banks typically don’t finance a vessel over 10 years old. That doesn’t mean the boat is garbage. It just means you as the consumer need to go in 100% focused on the type of boat, the condition of the boat, and the length of time you plan to own the boat. I can guarantee you there are boats at your local marina that are 5 times older than the average car on the road today. A good boat with proper maintenance will hold its value 100 times greater than a car. To me, that’s value. But I love being on the water way more than I love being on the road or a golf course. So to me, it’s not too expensive.

[@nea273]

If you think boating is expensive try general aviation. And then tell me about it.

[@TailwalkBoats]

Actually, I had a good buddy who got into flying planes and he was able to do it on the cheap.. He bought an old beater and it wasn't really all that expensive. I spoke to him just a few days before the crash and he said it was going great!

[@DrEd-th2lu]

GA is a killer even for kit aircraft. After I became a pilot I almost did it, but no hot girls see you flying @ 4500 feet. 😂🤣

[@acproductsusa826]

That's why you either need to have the ability or the money to do the proper maintenance, add to that the cost of having an interest in diving fishing or lobstering, and you better be able to get your hands dirty, I purchased a used 2003 24' CC for a great price and was able to use a lot of Owen's awesome knowledge to get that old girl seaworthy, even with twin FICTH 150's. Thanks for all the tips. Thanks for the KZbin educational channel and thanks the podcast.

[@SailingAnja]

Calling a 2003 boat an old girl is hilarious, my car is older than that lol all my boats are early 70's when boats where build to be strong and last lol

[@acproductsusa826]

@SailingAnja well if you saw what the PO had done to her, you'd feel sorry and call her an old girl too, I swear, she looked older than she is, lol. So yeah I know she's not the youngest girl at the ball, but she'll now turn a head or two, and with continued care she'll bring more years of smiles, but she's define too old to be Leonardo Dicaprio's GF... 🤣My cars on the other hand, oldest in the stable now is an 87, sold the 67, 67 and 78 before moving to Florida.

[@SailingAnja]

@@acproductsusa826 hehehe i like a guy who takes pride in doing his boats, cars up.. not a car guy but the love for making things pretty and giving a second life is strong here.. and i wish i could move to Florida better weather then here in Britain.. global boiling my arse.. we had record low temps and more rain then ever.. climate change my bollocks!!!

[@acproductsusa826]

@SailingAnja loving it in Florida, so much great water, I've sailed in the Caribbean a lot. We had a 38' dufour growing up and did some amazing travels. Now I just power boat as much as possible and make my own corrosion protection coatings, one day when there's more time, I'd love to hop on another sailboat.

[@takotako808]

B.O.A.T ... bust out another thousand 🤣🤣🤣🤣🤣

[@pamdemic7848]

I paid 40k for my new boat in 2017, same boat today is 70k 👀

[@FatBoyFlem]

Unless you race motocross I think boating and racing dirt bikes are up there or equivalent in price to operate.

[@someonethatwatchesyoutube2953]

Dirtbikes are the cheapest Motorsport by far. Unless you take it to extremes and buy a $300k motorhome to show off at the races.

[@Mr7O5]

I didn’t need to watch this to answer the question

[@candidoramirez9331]

Drag racing is definitely top 5 most expensive hobbies

[@MrCaptainCrazy]

The problem with a motorcycle hobby, is that you can't have just one. I have owned 7 of them thus far. It can get expensive.

[@jmjm4860]

I have 5 and I don't have the courage to sell any of them...lol.

[@chevyon37s]

Boating isn’t that expensive compared to airplanes! 😂

[@williamlutsch4259]

We are headed to FL in a year and i will have saved up a bit for a used 20’23’ bay/offshore boat. Something like KW 219fs, mako 214cc, sea fox 228. Years 2019-2022. Is it bad if im looking for least amount of hours? What is too high or is the such thing as too low? We are in denver and cant see the boats till i move there. Using web to learn as much as i can

[@TheBoatersPodcast]

Awesome! Glad to hear it William! No, those are all nice boats, I like that Key West 219 the most out of all of them :) but at 2019-2022, all those are going to have 4-strokes on them, probably a 150 to 200 HP. So any will be good, fine Mercury, Yamaha, Suzuki, no issues. I doubt that most will have too many hours. For those years, most will probably be under 500 hours, which won't be a concern. The 150's are one of the most reliable engines for all those brands :)

[@williamlutsch4259]

@@TheBoatersPodcast the yamaha 150 is pretty “bulletproof” eh? I have really kept my eye peeled for a KW 203fs as well. Although, they are more rare than the 219fs and seem to be asking about the same price or even more for a comparably equipped with similar hrs. I am also looking to use the boat within the indian river from time to time. Trying to take that into consideration

[@rockyota1]

Purchased a new bassboat back in 1999 for 14k, same boat today is priced at 80k. No justification for that much of a price hike. Bassboat market is just dumb, you can thank all of these tournaments and clubs for this. The market saw an uptick and capitalized on it. These prices will not come down till consumers put pressure on manufactures. That being said I couldn't justify 80k for a Bassboat so 2017 purchased a Center Console (twice the boat) for 65k, that same exact boat is now 98k. Same situation, Center Console market exploded within the last 6 years so manufactures jacked the prices to match demand. As consumers, we shot ourselves in the foot on realistic prices. But, in a few years, I will be purchasing a 28ft Center Console so, I will most likely be spending my last dime for what I want. I will complain about that purchase too, lol 😆

[@SystemFreak17]

Magic the Gathering or 40k figures. the money people spend on that hobby is mind-blowing

[@TheBoatersPodcast]

Yeah, I just realized that, $10K for a pack of cards!

[@zackriden79]

what gets me is I see so many boats but yet they are extremely expensive so there just must be folks with more money than I assume they have?

[@chevyon37s]

😂 or more people are in debt than you assume… until late 2023 the interest rates on vehicle/ boat loans were stupid low for the last 10 years and easy to get a loan.

[@warlordop713]

Lots of debtors. I know lawyers and doctors making $300,000+ per year that still owe payments. If these guys wanted to take out money from a bank they wouldn’t be able to. Never finance a boat. It’s the dumbest thing in the world to do.

[@zackriden79]

it would be nice if pepole where little more trustworthy and you co do a co op boat ownership I don't need a boat EVERY weekend and I'm a super nice reasonable person if I found the same person same mindset and we both shared boat cost 50/50 and just leave it filled up with gas when done and cleaned up . Then that would be ideal becouse a 25 to 30 foot boat is extremely expensive to own and buy

[@TheBoatersPodcast]

Great topic, I know a couple of people that have done that, and it usually works out, but like you said, you gotta find the right person or it will turn into a nightmare!

[@patriotfox7192]

Haha. Golf is like $75-$500 a round.

[@fishydubsfishing6516]

With that kind of hours it had to be a commercial service boat I would stay away from them you're looking at powerheads in a very short period of time

[@georgewashington9058]

How much per hour does it cost to operate, maintain, and store a 200k used boat?

[@warlordop713]

Depends on what you’re buying. 200k can get you a 45 foot boat.

[@TheBoatersPodcast]

Yeah, there are a lot of variable there, how much will you be using it? Where do you live? How big of a boat are we talking here? I'd say it would cost about $500 per month to operate store and maintain a 200K used boat if you live in a highly populated area and say a 23' boat. If you live on the ocean and we are talking about a 28' or 32' 200K used boat, you could spend $2-4K a month to operate maintain and store the boat

[@aaronhomer8723]

Women are more expensive than boats

[@flaviobbq]

Only if you marry them

[@garplin]

smaller boat smaller money.

[@rauljramon]

Found a “marina toolbox” 90 bucks basic tools in case something happens on the water same basic normal tool box can run from 30-50 bucks crazy

[@JohnSmith-dj5gf]

Horses might be as expensive as boats.

[@TheBoatersPodcast]

Ewwww that's a good point! :)

[@themeach011]

If you think boating is expensive you've never owned horses. Lol

[@TheBoatersPodcast]

Never thought about that lol but I've heard that they cost a ton! Probably more than a boat lol

[@dustin9035]

Most women still cost more.

[@marvinmartiani1337]

I think the all the private pilots out there would like a word lol :)

[@TheBoatersPodcast]

True lol

[@indyxtype]

Auto racing

[@cwilson000]

Anything that Flys Floats or F+@#$... Rent it

[@chefjamesmacinnis]

As the owner of a hobby sports car (mazda rx8) I'd like to say hold my beer when it comes to the cost of things

[@TheBoatersPodcast]

Lol :)

[@impulse922]

I’m honestly mystified that people still want 2 strokes.

[@stevemyers2092]

$20-50 -$100 a round of golf? what courses to you play on ?????? try $150-$350

[@TheBoatersPodcast]

Lol I don't get to play those kinds of courses lol

[@erikvandenavond]

Aviation is a WAY more expensive hobbie.