nashville boat club crest

Something that might not be obvious to someone who never owned a boat is the extremely expensive ongoing costs.

For a seasonal recreation in a landlocked state, joining a boat club instead of buying a vessel offers flexibility and all the fun with a fraction of the costs and care.

Costs

Most boat clubs cost far less over time than buying a boat. In addition to the purchase cost, other expenses like upkeep, dock and marina fees, dry docking and winterizing can add up to a hefty annual expense

Nashville Boat Club monthly memberships range from $283 to $358, and include unlimited boat usage, guaranteed reservations and use of water toys.

The initial capital required to join the Nashville Boat Club begins at $1,295 as opposed to an estimated $4,500  (down payment and other necessities) needed to buy a boat.

CLUB MEMBERSHIP  (Options) BOAT OWNERSHIP   ($35,000 Boat)
INITIAL CAPITAL REQUIRED

ONE-TIME membership fee
$1,395-$2,295
Outfitting (life jackets, toys, skis, etc.)
$0
Total Initial Capital Req’d
$1,395 – $2,295
INITIAL CAPITAL REQUIRED

10% downpayment
$3,500
Outfitting (life jackets, toys, skis, etc.)
$1,000
Total Initial Capital Req’d
$4,500
ONGOING MONTHLY EXPENSES ONGOING MONTHLY EXPENSES
Monthly Dues
(no loan to repay)
$238-$358
Insurance
$0
Mainenance
$0
Slip Fees
$0
TOTAL MONTHLY EXPENSE
$238-$358
5-year Monthly Loan
Insurance
$48
Payment (8%)
$639
Slip Fees
$190
Maintenance
$53
TOTAL MONTHLY EXPENSE
$930

Time and Money

Boat owners in the United States take to the water an average of 15 times per year, reports the National Marine Manufacturers Association. Based on monthly costs, they spend $500 to $800 for each three-hour tour.

Properly maintaining a boat in clean and safe operating condition takes one to two hours per outing. Maintenance includes things like covering/uncovering, cleaning, and general upkeep. Also boats, like cars, should see service every year from a qualified technician.

Docking your boat in a marina costs thousands of dollars per year. The alternative – using a trailer – costs money and the time it takes to load, unload, launch and stow the boat bite a couple of hours out of your fun.

If you do keep your boat in a marina, it takes hours and thousands of dollars to prepare your boat for winter.

Whether you’re a casual boater or an old salty dog, joining a boat club is more economical and practical than buying.

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