Interesting discussion re costs versus utility. If I sit down and look at boat ownership on a pure cost basis … anyone who I explained it too would most probably commit me to an asylum. Costs alone it does not add up...in fact... it is financially absurd. I earn a modest income and work very hard to do so like many do - to pay for my boat. I have given up many things to enable continued ownership and also drive a twenty year old car that is worth less than my tiller pilot or a new # 3 jib.
However, the boat to me is way more to me than what it costs. It represents and delivers a pure freedom in an increasingly fast paced and challenging world, the ability to actively seek solitude, new challenges, fun times with family, experience fear at times and provide constant learning including electrics, navigation, splicing etc
If I look at the cost of ownership I have by way of example:
Ross 30 - 2.9 beam , 2.4 draft , Composite construction
10 metre Marina berth - $370 per month
Insurance - $750 per year
Memberships - $450 per year, VHF users subs 90.00 per annum
Haul outs - wash and hold only - this year $800 (Cheap)
Annual Maintenance haul out excluding time and labour - $1200
Travel to boat - CHC to Waikawa - 380kms (4.5 to 5hrs) each time one way - $100.00
Sails - Indicative - New Main circa - $8000-9500 - New # 1 jib - $4000-5000, New Spinnaker $3000.00
Motor - Annual servicing by self - $300.00
Aux fuel and oil - $800.00
Running and fixed rigging repairs and maintenance - $2000.00 per year
Improvements- AIS, MFD, instruments and installation at cost + 5% +GST - ($5500)
EWOF initial - Cabling and Certification - $550 re cert every four years ( $220 inspection fee)
Cat 2/3 - every two years $200 minimum
Raft Capital cost and re - cert every three years $2000 + $850 -1000 every three years
EPIRB, PLB - ??
Garmin In reach annual subs???
Lifejackets testing/certification ???
Dinghy repairs and maintenance annual - $120
Aux motor service - $200 - in warranty
PHRF cert - $180 - annually
and so on - does it make sense on a boat that the market suggests might be worth 20k on a good day regardless of presentation and equipment list … nope
Recently and somewhat ironically, I have had persons approach me to borrow my boat for a regatta...I'm not in an financial or philanthropic position to facilitate such a request as I'm sure some are and yet I feel guilty because I'm not assisting participation and growth in sailing!
Wheels - sorry to hear about your loss - if you need a day out in the sounds please get in touch.