Debbie Downer

Paul_S · 07 February 2016, 08:17

At the risk of getting torn to shreds and assuming this forum is not read by the "those who control the purse strings" I just wondered how much people pay for their boating fun.

Only comes around as I was working out the costs incurred by the previous owner of my boat.

It's a 2012 and I know how much he paid for it, I know how much I paid him for it, so taking the true cost of depreciation, the berthing fees, insurance and petrol...I worked out that they paid £500 per hour for it's 90 hours of use.

So £500 an hour to piddle around in a 23' boat seems like a lot to me. I was thinking that an annual 2 week med cruise with 4 strippers would have been cheaper.

Poly · 07 February 2016, 08:34

The first rule of boating is you never do that calculation!

Siochair · 07 February 2016, 09:07

Ah but the beauty of working it out per hour means that, as your standing charges don't change, the more you use it the lower the hourly costs.

You can now explain to your purse string holder that you are only going out on the boat more often to help save money.

neil.mccrirrick · 07 February 2016, 11:02

Memories are priceless spend it and forget the cash you can always earn more 👍

neil.mccrirrick · 07 February 2016, 11:03

Memories are priceless spend it and forget the cash you can always earn more 👍

Neil Harvey · 07 February 2016, 11:46

and you are ignoring all the hours of fun when the engine wasn't running!

spartacus · 07 February 2016, 12:28

Quote:

Originally Posted by Poly

The first rule of boating is you never do that calculation!

The second rule of boating, is once you've done the calculation, destroy the paper, pencil, calculator and anything else you used to reach the figure. On the plus side, petrol is around £1 a litre. It's enough to make you embrace a 2-stroke!

MatFromPoland · 07 February 2016, 13:52

Bring On Another Thousend (in brief BOAT)

I do believe that UK have many regulation, taxes, fees for company who want to rent boats. If I make such business I will keep one boat for service and help a few employees, rent a part of marina ....

After the season you can rent RIB in Greece for 150 EUR PER DAY (plus petrol)
Pricelist - Rent a rib

And September is fantastic in Greece (warm but not too hot, warm Sea, not many tourists).

Cheap fly to Athens and weekend on boat can be cheaper than this one mentioned by you

Dan F · 07 February 2016, 14:39

I have more like $7.00/hour into my inflatable, maybe $8.00. I bought a Zodiac Futura MKII new in 1999. I also bought a new 25 HP Mercury Bigfoot 4S, a mini console, and a galvanized trailer. The original purchase was a bit less than $10,000. Last year I replaced the hull with a Bombard C4 for $3,800. I spent $500 on a motor repair once. I spend around 150 hours per year in my boat. I have probably put around $5,000 worth of gas in it over the years. No insurance, and registration is about $50 every two years.

My father-in-law, on the other hand, is probably closer to $500/hour - probably over!

Searider · 07 February 2016, 17:22

I was surveying a 10 year old Oyster 62 before Christmas. The American owner, who was selling due to advancing years delighted in telling me how much the boat had cost him.
Bought for $2M 10 years ago. Selling to my customer for $1M.
Average spend on maintenance and crew $200k/yr.

That's $821 for every day he's owned it!
I bet they didn't tell him that at the boat show.

Makes the £200/month paid in to the RIB fund seem very good value!

paintman · 07 February 2016, 17:26

Didn't someone once say that if it flies, floats or something else that I can't quite bring to mind it's better to rent it?

Paul_S · 07 February 2016, 17:37

Quote:

Originally Posted by Searider

I was surveying a 10 year old Oyster 62 before Christmas. The American owner, who was selling due to advancing years delighted in telling me how much the boat had cost him.
Bought for $2M 10 years ago. Selling to my customer for $1M.
Average spend on maintenance and crew $200k/yr.

That's $821 for every day he's owned it!
I bet they didn't tell him that at the boat show.

Makes the £200/month paid in to the RIB fund seem very good value!

Pikey Dave · 07 February 2016, 20:30

I remember long ago sat in the Ship in Seahouses on yet another blown out diving weekend. We got a pen & beer mat out & costed the price per minute of a decent dive, it came out at around £25/minute in the water 😳. And that was on air, before the days of trimix & rebreathers

Shaz · 07 February 2016, 20:51

I'm looking into operating a RIB rental (it's the only way I can think of to afford the new one that I want!) - haven't had much interest so far but please let me know if there is a market for it in the UK

paintman · 07 February 2016, 21:42

Quote:

Originally Posted by Shaz

I'm looking into operating a RIB rental (it's the only way I can think of to afford the new one that I want!) - haven't had much interest so far but please let me know if there is a market for it in the UK

This would be worth a read:
http://www.yachtinglawyers.com/downl...awyers.com.pdf
and:
http://www.quinquarimarine.co.uk/wp-...B_business.pdf
and:
http://www.solentribcharter.co.uk/ba...eboat-rib-hire

Poly · 07 February 2016, 22:21

Quote:

Originally Posted by Shaz

I'm looking into operating a RIB rental (it's the only way I can think of to afford the new one that I want!) - haven't had much interest so far but please let me know if there is a market for it in the UK

Shaz, there is a market, but it's a limited one. And will depend where you want to use it. You will have the expense of coding (either local authority - and restricted area of operation, or MCGA) , and higher insurance. I expect bareboat is hardest to get cover for unless you have huge excesses. Then of course your maintenance costs will be much higher, and potentially urgent so you can get the boat back afloat for the next customer. Our summer is much shorter than greece's and so the likely no of rentals is less. And the days customers want your boat are the days you will want to use it.

If you like the idea of pay to use, then Bembridge outboards is the best price I've seen, but solent rib charter have an interesting approach for bigger fancier boats with a wider range and their 10 day card approach.

Other options to consider for reducing cost - shared ownership? Or a SIB?

MatFromPoland · 08 February 2016, 12:58

Quote:

Originally Posted by paintman

This would be worth a read:
http://www.yachtinglawyers.com/downl...awyers.com.pdf
and:
http://www.quinquarimarine.co.uk/wp-...B_business.pdf
and:
Bareboat rib hire or charter anywhere in the UK

Thank you. I'm really impress. Someone invest a lot of money and did great job : Rib Charter Fleet - purpose built Ribs for hire and charter

Big fleet, good RIB-s (probably RIBCRAFT if I'm not mistaken)

Bigtalljv · 08 February 2016, 13:28

It depends on how you do your accounting of cost. For me I always went with more of a front end scheme. For example with a $20k boat the first hour cost $20k and the rest are free

There are many joking cliches that all have a thread of truth to them. "If you have to ask how much, you can't afford it."

Jason

jeffstevens763@g · 08 February 2016, 13:37

if i ever think about costs i just think how much has she's spent on clothes, shoes & handbags makes me feel better, one life as they say enjoy.

cheers

Maximus · 08 February 2016, 15:54

Quote:

Originally Posted by jeffstevens763@g

if i ever think about costs i just think how much has she's spent on clothes, shoes & handbags makes me feel better, one life as they say enjoy.

cheers

Oooh Yeah!!

(But Don't forget The Kids!!)...start adding that one up and it'll give you BrainFreeze!

..
Bank of Mum & Dad and all that!!!

....No wonder I gotta Get out in Boat!!!....Some things are beyond Price!!!