Annual cost boat ownership?

[rockhopper]

My friends all say boat= BreakOutAnotherThousand. So to those boat owners out there, what is the approximate cost of owning your boat, and what thing or things take up the highest expenses?

[captnemo]

My friends all say boat= BreakOutAnotherThousand. So to those boat owners out there, what is the approximate cost of owning your boat, and what thing or things take up the highest expenses?

You're absolutely correct about that, rockhopper. A boat is a hole in the water that you just throw money into! I will try to answer at length when I get some time, but basically there is a whole category of other costs, from slip fees, if you are not trailering, to maintenance, repair, upgrades, etc.

Figure on spending at least 1% of the original cost of the boat each year to maintain it IF you are handy, more if you are not. I'll try to answer in more detail later.