Compare to Boat Ownership

 

Boat Club
SouthWinds 2400 Sport Deck

Cruiser Club
Regal 35 Express with diesel engines

Purchase price with tax, rigging shipping, instrumentation, and registration. $60,950 $290,000
Market value after 5 years- depreciate 9.5% a year $31,998 $152,250
Net loss of market value after 5 years $28,951 $137,750
Finance cost- 20% down and 5% interest for 60 months $6451 $30,688
5 year storage cost calculated at $14 a foot plus tax measured as length overall (LOA) in a dry stack marina $23,150 $33,835
Insurance - 1.5% of the value of the boat $4500 $14,498
Maintenance and cleaning assuming no major repairs in 5 years $4880 $10,580
Estimated total 5-year cost of boat ownership $68,031 $227,351
Estimated total 5-year cost of a Legacy membership - including Initiation Fee and Club Dues $29,664 $56,834
Total savings of Boat Club versus Boat ownership $38,367 $170,517
We Own the Boats...You Own the Memories