Total Cost of Boat Ownership Calculator

If you are trying to figure out how much boat you can afford, it is important to look at the total cost of boat ownership – not just the initial purchase price.  With this calculator, you will be able to estimate the total cost of owning a boat – all things considered – to help you make a wise purchase decision for you and your family.

Cost of Boat Ownership Calculator

PURCHASE INFORMATION

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Enter the total price, including motor and trailer (if applicable) but excluding taxes. Whole numbers only, no cents.
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The value of a trade-in, if applicable (applies to dealer purchases only). Whole numbers only, no cents.

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This is the amount subject to sales tax
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Enter the sales tax for your area (varies by state and county)

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Enter the amount you intend to put down (excluding any trade-in value). 10%-20% is common. If paying in cash, enter the Net Purchase Price with Tax. Whole numbers only, no cents.

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Enter the monthly payment amount. Whole numbers only, no cents.
To estimate the monthly payment, use our Boat Loan Calculator and enter the "Total Amount to be Financed" in the Boat Budget slot.

INITIAL INVESTMENT

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Calculated based on inputs above.  Applies to Net Purchase Amount.
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Title denotes legal owner.  Fees vary by state.  Applies to the boat and trailer (and possibly the outboard engine) separately.  Assume $100.
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Includes things like life jackets, ropes, fire extinguisher, anchor, fenders, oar, etc.  Varies by size and type of boat.  If already included in boat purchase price, set to $0.
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Includes things like tubes, skis, wakeboards, tow ropes, tackle and add-on electronic accessories (not included in original purchase).  Assume $1,000.
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Include estimated cost of known repairs needed at time of purchase (if any).  Assume $0.

ANNUAL EXPENSES

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Monthly Payment amount from above x 12 months

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Enables legal usage on waterways and roads within your state.  Separate fees for boat and trailer.  Assume $75 total annualized. (Most registration stickers are good for 2-3 years)

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An annual tax based on the value of the asset.  Not applicable in all states.
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Includes routine maintenance and periodic repairs.  Cost varies by type and age of boat, location and whether you do the work yourself.  Assume 3% of Initial Purchase Price.  Might be less for newer boats - especially if under warranty.

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Cost to moor boat or store at public facility.  Varies by storage location and size of boat.  Assume $0 if stored at home; $10-$30 per ft if marina or dry stack storage; $10 per ft if covered storage in lot.

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Varies by property value, location and terms of coverage.  Assume 2% of asset value.  May decrease over time (as boat depreciates).

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Varies based on size of engine(s), frequency, duration and speed of usage.  See Fuel Consumption Calculator to refine estimate.

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