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Go Back   WakeWorld > >> Boats, Accessories & Tow Vehicles Archive > Archive through April 26, 2009

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Old    Richard Daniel (glassywater09)      Join Date: Apr 2009       04-22-2009, 8:23 AM Reply   
What is the full cost per hour to run current wakeboard boats?...Depreciation, ins, gas, docking, maintenance...
Old    Brett Yates (polarbill)      Join Date: Jun 2003       04-22-2009, 8:27 AM Reply   
Expensive
Old    Mattgettel (mattgettel)      Join Date: Jan 2009       04-22-2009, 8:30 AM Reply   
Damn thats a scary thought.
Old    Hate N Pain (hatepain)      Join Date: Aug 2006       04-22-2009, 8:36 AM Reply   
Its not worth worrying about. To much thought might cause us to not use it. I figured a few years ago that I needed to hit about 100 hours of run time per year to get my moneys worth...that was stupid. I love my boat and so does the family so whatever it is it's worth it.
Old    Andy (michridr69)      Join Date: Dec 2008       04-22-2009, 8:41 AM Reply   
More than u think, but def worth it!!
Old    Sam (wake1823)      Join Date: Dec 2005       04-22-2009, 8:50 AM Reply   
$70+/hr. would be a decent guess.
Old    Bill K (bill_airjunky)      Join Date: Apr 2002       04-22-2009, 8:53 AM Reply   
Richard, are you looking for a hard dollar figure per hour? Trying to justify an inboard over some other type of boat?

Someone asked this on the crew site the other day & I wondered what the reason was.

I think the bottom line is it's not cheap. Probably costs me over $1000 per month in the summer.
Old    Ryan Daniels (rmdanie)      Join Date: Jun 2007       04-22-2009, 8:55 AM Reply   
My bet is he is determining how much to charge passengers...
Old    John Gardner (roverjohn)      Join Date: Dec 2007       04-22-2009, 8:57 AM Reply   
Try running your numbers with a used boat and maybe you can keep your friends. The only important numbers are continuing costs unless this is some sort of business model for you.
Old    tj (tj_in_kc)      Join Date: Jan 2008       04-22-2009, 9:00 AM Reply   
You would have to nail down some specifics if you wanted to calculate a real answer i think.

There are so many variables to your question.


1. As for Gas -- what will you be doing for that hour? Wakeboarding the whole time, sitting and swimming in a cove the whole time? 50/50 it really depends on activity.

2. Depreciation should be fairly constant percentage wise, if you wanted a real number you'd need to set a purchase price of the boat.

3. Insurance is based on price of the boat in most cases.

4. Docking is very relative. Do you rent from a Marina? Do you own your own dock? Do you keep it sitting in the water? What part of America do you live in, could also make a big difference here.

5. Maintenance is fairly constant.

The IRS reimbursement rate for cars/trucks is .55 cents per mile. I would guess boats would be that x2 or possibly x3 or x4. Just guessing.

Another possible way would be find a marina that rents wakeboats (if there are any?). See what they charge per hour for the rental, subtract whatever percentage of that cost you think is profit and maybe thats a reasonable cost per hour number.

Finally, what the heck are you trying to do this for anyways?

A boat is one of the worst financial investments you can make. Most everyone here understands that. It's a personal decision and an investment in fun, not something you can reasonably justify any other way!

(Message edited by tj_in_kc on April 22, 2009)
Old    gangstar (joe_crawley)      Join Date: Jan 2007       04-22-2009, 9:08 AM Reply   
Simple example:

You finance a 50K boat at 7% for 5 years, pay $600/month, and then sell it for the remaining balance ($27925) after 5 years. Your cost for those five years is $36000, $6k/year.

Maintenance and storage estimate $1000 a year.

And we'll estimate one hundred hours a summer with 4 gallons/hour at $3/gallon so your gas bill is $1200.

Insurance is probably about $500 year.

So total cost/year for 100 hours on the lake is $87/hour which is actually pretty reasonable.
Old    murph (smuurph84)      Join Date: Oct 2008       04-22-2009, 9:23 AM Reply   
kind of off the subject but not really. I wonder when this concept will hit the wakeboarding community. seems pretty interesting to me they give you a breakdown of how much you spend on owning your boat. I think it would be pretty neat if it had a bunch of different types of boats mc, malibu, and sans take a different boat out all the time

http://freedomboatclub.com/
Old    Hunter (hunterw)      Join Date: Mar 2008       04-22-2009, 9:35 AM Reply   
Now this is gonna be a complete estimate and its going to range for everyone depending on prices in your area, how many hours you put on your boat and cost of everything i.e. fuel, ins., boat payment etc.

$10,176 - based on a 424.00/month boat payment for two years.
$2,900 - covered slip cost based on 120/month for two years. I pull my boat to and from so I cant tell you how much fuel I use for that. Most marinas around here charge for the whole year and not by month.
$8,900 - gas at 3.00/gallon for 30 gal. per fill up 8x/month for 12 months. Since most people can only get 6 good months of riding in a year. This figure can really skew final average.
$1,000 - Ins. for two years at 500.00/year
$325.00 est. - Oil Changes for two years
$400.00 - Winterizations for two years.
This could be a lot more if someone pays for their boat to be stored thru the winter.

Not including any kind of year i.e. wakeboards, ropes, handles, fat sacs, vests, beer and food the total for two years is $23,701.00. If I take that amount and divide the hours on my boat in 2 years of 125 the bottom per hour would be $190/per hour and its worth every penny to me and if I had to do it over again I wouldnt think twice about it.
Old    TBP (chadgreg)      Join Date: Feb 2008       04-22-2009, 10:02 AM Reply   
Bought my boat used for under 30K and I figure mine costs somewhere around $50 per hr to run. That includes purchase, dmv fees, gear, insurance, fuel, maintenance, truck fuel etc..
Old    Andy Graham (ottog1979)      Join Date: Apr 2007       04-22-2009, 10:08 AM Reply   
Easy:

My boat is paid for so no financing costs. I also am lucky enough to keep it in the garage so no storage. I've kept track of my gal/hour usage each time I fill up over the last 18 months and my Sanger V210 averages 4.77 gal/hour that it's run (any time it's on as captured by the hour meter). So...

Gas @ $2.30/gal. x 4.77/hour $10.97
Insurance @ 400/yr. @ 60 hrs./yr. 6.67
CA Registration/Tax $175/yr/60 hrs. 2.92
Do it myself Maint. $200/yr/60hrs. 3.33
Misc. $100/yr/60hrs. 1.67
TOTAL HOURLY COST @ 60 HRS/YR $25.55

This does NOT include depreciating the initial price/cost of the boat, food eaten, beer drunken, towing gas, board, ropes & other purchases, launching fees, hotels for out of town trips, etc. These things could easily double it. Add financing... Ouch!

(Message edited by ottog1979 on April 22, 2009)
Old    Brett Yates (polarbill)      Join Date: Jun 2003       04-22-2009, 10:21 AM Reply   
If you buy a new boat and finance it your cost per hour is really high.

I hate to think what someone's cost per hour is if they bought a brand new Xstar in 2007 for a normal selling price in the spring. In Washington it would be even more crazy expensive.

Paid 80,000 plus 8k in tax. We'll say the boat is worth 60k now.

28,000-Depreciation plus tax
1000-2 years insurance
2000-2 years worth of maintenance /winterizations from MC dealer.
3000-Moorage for 6 months each year for 2 years
2100-100 hours at 6 gallons an hour at 3.50/gallon
11000-Interest paid on 80k loan for 20 years at 7.5%

That mean in 2 years that boat cost the buyer 47k. That divided by 100 hours would equal $471/hour.
Old    Jay (ironj32)      Join Date: Jan 2007       04-22-2009, 10:28 AM Reply   
here's what i "roughly estimate" it costs to run mine:
$2333 lost to depreciation/yr
$3500 boat gas/yr
$650 insurance/yr
$350 vehicle gas towing it around/yr
$500 maintenance/yr
$7333 TOTAL


$7333/125 hours is about $59/hr. it's worth every penny for me.

(Message edited by ironj32 on April 22, 2009)
Old    Jay (ironj32)      Join Date: Jan 2007       04-22-2009, 10:39 AM Reply   
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
i forgot to figure in depreciation, DOH!

here's what i "roughly estimate" it costs to run mine:
$2333 lost to depreciation/yr (based on owning for 3 yrs)
$1930 interest/yr (based on owning for 3 yrs)
$3500 boat gas/yr
$650 insurance/yr
$350 vehicle gas towing it around/yr
$500 maintenance/yr
$9263 TOTAL/yr

$9263/125 hours is about $75/hr. it's worth every penny for me.

(Message edited by ironj32 on April 22, 2009)
Old    TKO (airborne)      Join Date: Apr 2009       04-22-2009, 11:02 AM Reply   
If you have to worry about, you definatley do NOT need to own one.
Old     (shredhead)      Join Date: Jun 2003       04-22-2009, 11:19 AM Reply   
a lot cheaper than my wife!
Old    Jarrod Corby (showmedonttellme)      Join Date: Mar 2008       04-22-2009, 11:42 AM Reply   
ditto
Old    Greg Taylor (gregtay)      Join Date: Aug 2008       04-22-2009, 11:53 AM Reply   
you guys just made me really happy that my boat is paid for and that it sits in my garage. During the summer months i dump a bunch of money into the boat, equipment, launch fees, boat gas, truck gas, WA boat registration ($300!), and of course new clothes for my wife to keep her happy while i am on the boat, etc.. I can't image adding a $600 boat payment and storage fees on top that (year round.) Boating is expensive for me during the summer but i don't pay a cent during the winter months.
Old    Razzman (razzman)      Join Date: Dec 2006       04-22-2009, 12:09 PM Reply   
$235 a month and whatever else it costs, i don't keep track nor do i care because if i did it wouldn't be as much fun right?!
Old    Richard Daniel (glassywater09)      Join Date: Apr 2009       04-22-2009, 12:12 PM Reply   
Whew...ask a question..Good to see the 2 common threads out there 1)it's pricey 2)it's worth it!
And yes to Ryan,it's about what is fair to visitors, they generally will burn time and gas to no end if it costs them nothing...where are they at if they need to cover the cost of the pulls? So it's about being real in this crunch economy.
Anyone plot how much it costs to take a teenager from 0 to wake to wake 180's?...
Old    Adam Curtis (acurtis_ttu)      Join Date: May 2004       04-22-2009, 12:28 PM Reply   
I leased my boat out this year, the guy will end up paying me about $8500 for the year...he ran the numbers...cheap compared to true ownership, lol.
Old    tj (tj_in_kc)      Join Date: Jan 2008       04-22-2009, 1:15 PM Reply   
So to answer your question without specifics, it's somewhere between:

$25.55 and $471.00 per hour.


lol.
Old    Jeremy (wake77)      Join Date: Jan 2009       04-22-2009, 1:36 PM Reply   
"Anyone plot how much it costs to take a teenager from 0 to wake to wake 180's?..."

The value of that teen's joy cannot be measured in dollars.
Old    MCC (craig_xti_88)      Join Date: Apr 2009       04-22-2009, 1:39 PM Reply   
Can anyone say buzz kill...
Old    michael z (absoluteboarder)      Join Date: Aug 2002       04-22-2009, 2:39 PM Reply   
I am gonna be dead for a very long time when that day comes............................................. .....then it wont matter!
Old    Bill Knudson (drknute3)      Join Date: Sep 2008       04-22-2009, 2:44 PM Reply   
About 1/3 the cost of operating my motorhome and a about 1/10th the cost of operating my dragster. Life is all about depreciating assets.
Old    Jonathan Bay (john211)      Join Date: Aug 2008       04-22-2009, 3:22 PM Reply   
Yea and I don't see in the lists of others:--

Satellite radio,
Annual cost for service,
DIY antenna mount,
automatic volume control,
DIY tower folding tool,
FAE,
Fat Sacs, bow-sac pump, and installation of all,
Babe's boat cleaners,
those crazy expensive rags (for rags at least),
dozen or so CGA vests,
ethanol Sta-bil,
decal replacement,
CIPA extreme mirror,
Bimini repair/maintenance,
upholstery repair,
Re-prop,
dry suit,
guest board shorts (???),
engine compartment space heater,
tool kit,

is that it?, oh, why not,

suntan lotion,
ice,
huggers,
fiberglas repair,
rub rail renew, ...

who knows what else.
Old    KEVIN (kko13)      Join Date: Jul 2006       04-22-2009, 4:50 PM Reply   
IMPO if you are asking this question. you dont understand boating. get out now thanx!
Old    Jonathan Bay (john211)      Join Date: Aug 2008       04-22-2009, 5:26 PM Reply   
ok, huggers wasn't fair. i guess all mine were free.

but,

trailer axle maintenance,
HOA grief, ... and so on.

anybody remember kayaking? if kayaking isn't green, well, wake sports are truly ... (all about) GREEN.
Old    Eric (wakeboardin2k4)      Join Date: Sep 2006       04-22-2009, 5:43 PM Reply   
1986 Ski nautique 2001

Paid for. 0 dollars
I work at a marina and have a free slip. 0 dollars
Again at the marina free winter storage. 0 dollars
Insurance. 300 dollars a year
Registration 50 dollars per year
50% off everything for maintenance and everything john 221 mentioned. Plus free labor since I'm a technician. Maybe 100 dollars with impeller, plugs, oil, trans fluid.
Gas 4 GPH/100 hours 400 gallons x 2.21 per gallon = 884 dollars

So thats 1334 dollars a year divided by 100hrs.

Works out to 13.34 dollars an hour.

If I took the cost of the boat and the improvements I have invested into the boat at a 5 year rate so that I am comparable of the dollars per hour of the boat. 10k/5 years 2k per year plus 1334 for yearly expenses 3334k/100hrs. Still works out to 33.34 dollars per hour.

Oh and in terms of depreciation I would say the 2001s are done depreciating? I've only seen the prices go up from when I purchased mine in 2006.
Old    steve (ss1234)      Join Date: Jul 2005       04-22-2009, 5:45 PM Reply   
I actually feel better now....my situation comes in around $45/hr....not including beer and ice.
Old    Peter Apgar (blind_pete)      Join Date: Nov 2008       04-22-2009, 6:29 PM Reply   
$50,000 wake boarding boat.
$500 wake board.
$2000 stereo.
$2500 beer.

Endless fun behind the boat / un forgettable events, PRICELESS!
Old    gary cody (pavement_rider)      Join Date: Feb 2009       04-23-2009, 10:37 AM Reply   
Who cares about the cost per hr. All i can say is no matter what the cost boating in general rocks. I think it's alot cheaper than rehab for the kids that nobody paid attention to

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