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.
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.