Tuesday, 30 November 2010

The Cost of Boating

With Patience now winterised and at rest we look back on a successful and interesting year and forward to licensing, insuring and saving up.
So what have we learned about costs?
Don't forget your GOBA subscription!
First, that the initial purchase price is not the whole deal. We were sensible and cautious in having a full survey in a dry dock before buying. The survey threw up some items, fortunately nothing serious, but a useful To Do list. We've carried out all these tasks except painting, which we'll undertake next year, but naturally these tasks have added to our first year costs. We think next year will be noticeably cheaper, but we now have Patience to the standard we are happy with.
We have categorised expenditure in three groups - start up, fixed annual and maintenance, and here is the approximate break down:
Start up
survey £420,
dry dock £130
plus purchase price

Fixed annual costs *
moorings £1000 
insurance £135
BW license £800

blacking, welding, anodes £900 * ** ^
engine service £100 ^
odds and ends £200

* varies according to mooring and length of boat
** a recurring cost divided between three or four years; 
^ cheaper if you diy
Fuel cost is about 0.5 litres per mile or 9.3 mpg (see previous blog entry, 4th May 2010)

So in round figures that looks like £2,500 per year plus fuel, all divided between the two of us.
Frankly, given the fun we've had, I rate that as a bargain!

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