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Few things are quite as exciting as owning a boat. The thrill of smooth sailing over the calm waters in your Boston Whaler is enough to cure any mental illness. To be frank, owning a boat is quite expensive, especially if you settled for the pricier models. From mooring to fuel costs, boat maintenance expenses might put a dent in your bank account.
That way, you can be financially prepared for the responsibility of owning or renting a boat. The first thing to run up your tab when you own a boat is fuel costs. A mid-range boat consumes about 20 to 30 gallons every hour when cruising at an average speed.
For high-end boats, expect the cost to be much higher. This boat is much slower but only uses, on average, five gallons by the hour. Estimating Are Boats Expensive To Maintain 60 fuel costs can be a big challenge for most boat owners.
However, this boat fuel calculator could be of great use. In , for instance, there were about boat accidents , with deaths. Next time you want to consider skipping out on boat insurance, remember, you might be a statistic.
Boat insurance from a decent insurance company will only set you back a few hundred dollars each year or a thousand at most. However, if your boat can fit in your trailer, then you can take it back home with you. Parking your boat is way more expensive than parking your car. As such, expect to pay a few hundred to a thousand or more bucks a month for docking space. Mooring fees are one of the most expensive aspects of owning a boat. That means you have to pay someone to haul your boat onto dry land and Are Pontoon Boats Expensive To Maintain Cost also to prepare your boat for winter.
Doing so can cost you several thousands of dollars, sometimes more than ten thousand dollars. Remember, the boat has to spend a lot of time out of the water, and when it gets back, it has to be in tip-top shape.
Boats are incredible machines, but like any vessel, they are prone to occasional wear and tear. Boat repairs can cost you anywhere from a few hundred dollars to more than a few thousand dollars. A boat tune-up will rarely go over a thousand dollars, especially if you know the right place to buy your boat parts. For instance, you can get great deals for a cutlass bearing or gunwales if you look in the right places. Steer clear from any second-grade knockoff parts that have flooded the boat market these days.
They may be much cheaper, but they barely work. In some states, you might also have to pay tax for owing the boat. You better be prepared to dig deep in your pockets if you plan on owning a boat.
However, owning a boat is one of the greatest thrills in life and is worth every penny. For more informative reads on all matters of vehicles, be sure to check out the other pieces on the site. Remember Me. September 13, Table of Contents. Next Post. Please login to join discussion. Find Us on Facebook. Monotukuru brings you automotive news, reviews, and automotive footage. Welcome Back! Login to your account below. Forgotten Password? Create New Account!
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