Boat Ownership Costs

Rental = All The Fun. None Of The Hassle

It's no secret boats are expensive.

Boat Ownership can be very rewarding for some but for most it is much more for a financial and time commitment then they bargained for. Boat expenses add up quick. A typical boater with a $85,000 Keywest 239 can expect a yearly cost outside of boat payments of $8,190. Here is a little breakdown of how that works out.
$250 – Boat Summerize
$4,180 – Boat Slip Rental Chicago
$150 – Oil Change
$140 – Lower unit oil change
$320 – Winterize
$1,600 – Winter storage with wrap
$40 – Boat and trailer registration
$1,060 – Insurance
$450 – wash and wax

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So what's the cost per day?

If you use the boat 5 times a year – $1,638 a day
If you use the boat 10 times a year – $819 a day
If you use the boat 20 times a year – $409 a day

And none of this includes a boat payment that will likely be in excess of $1,500 a month

Boat ownership is a great thing but just not practical for everyone. A rental is a great way to get on the water without having the hassle and expense.