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Who owns the boats? (lemmy.world)
submitted 1 year ago by to c/whitepeopletwitter@sh.itjust.works
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[–] 8 points 1 year ago* (1 child)

IIRC the rule of thumb for boat costs, is that annual upkeep costs for a boat are roughly the purchase price of the boat.

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  • [–] 8 points 1 year ago (1 child)

    That's wildly inaccurate, even as a rule of thumb. Upkeep (excluding storage, which varies widely by location) shouldn't be over 10% of the purchase price, unless the boat was really cheap or the boatyard doing the maintenance is crooked.

    Talking US rates here, I have no experience overseas.

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