Russian1860 wrote:Kradmelder wrote:
That lump some of cash would get you a nice yacht and maybe running costs for at least a year? What yacht could you buy for like R2 million? That would be like $150 000.
I think, a decent 40+ feet blue water yacht costs starting from USD 80 000 and up to infinity.
A yacht is not like a car, which depreciates every single year. 30 yo yacht could cost more, than similar length 10 yo one, depends on multiple characteristics, condition and equipment on board. You can always sell it, if you can’t afford to maintain it.
Regarding monthly budget of sailing, it depends on where you sail in the first place. Let’s say if you are crossing an ocean, there is nobody at all whom you can pay. If you cruise around Caribbean, you must pay at a port of entry every time you visit new island country. An anchorage sometimes is impossible, so you should stick to marinas, where you have to pay USD 50 per night or more. If you sail in a region with favorable winds, you can use the power of wind to move forward, if opposite, then you must use engine, which consumes 3 liter (0.8 gallon) per hour or more. You can eat out onshore or to cook on board. You can repair and service a yacht by yourself or can hire someone.
Outwest can give more accurate information.
You are quite right, there is the cost of maintenance.
If you are able to do your own work, these costs can be greatly reduced. There are two reasons this is a good idea. First, you save quite a bit of money, as marine services and parts are typically overpriced. The second good reason to do it yourself us very practical- if you intend to sail far, it's a very good idea to become skilled at fixing anything and everything
Because you may be stuck in some remote place. You may buy a precut sail kit for perhaps a third of the price of the finished sail. You save some money and become skilled at repairs on sails.
The same kind of thing holds for rigging. Engines and hull maintenance. Some yards will allow do it yourself work in their yard. They will haul the boat out and out it on stands for you.
Overall, costs can vary from affordable to extravagant. There seems to be a boat for most budgets.
The $7000 dollar albin Vega I still have. It is a very capable coastal cruiser and it can actually be quite fast. I have put some into it, new rigging, I restepped the mast and reinforced the main bulkhead and pretty well replaced the little galley, yet for not so much money, it's a great little cruiser.
The family sized sloop is a different story. I could live on it for an extended period. Between slip fees, insurance and maintenance, about $1000 per month covers it.
Yes. There is no need for a new boat. Get a well maintained old tub with a proven track record owned by people who love her. They will know more about that boat than any salesman. You will also not need to pay the inflated
Price if a boat sold through a broker- just get a professional survey before you finalize the sale. My Colin Archer style boat
Is not some sexy dock jewelry type of yacht. I can't afford a million dollar boat. However, if you look up these kinds of boats, you will see how it is that this boat is more sea worthy than most boats out there. It's slow, but it WILL get there! It's diesel burns about 3 liters an hour if we have to use it. It costs me about $450 to fill it's tanks compared to the thousands of dollars many power boaters spend.
You are right....the sea becomes a passion. The sea covers more than 70% of the globe....it's your lover and the grim reaper. It is what part of it you make your own.