super dave Posted May 30, 2012 Report Share Posted May 30, 2012 I’m loosely thinking of getting a boat but I don’t know all the costs involved. Can some of you boat owners chime in on, Storage costs. I probably won’t dock it. Just store in a lot and pick up when I need to use it. Insurance costs. Licensing And anything else I’m missing. I’ll probably be looking for a 16 footer, around 50hp, trailer. Thanks! Link to comment Share on other sites More sharing options...
bushart Posted May 30, 2012 Report Share Posted May 30, 2012 Beer and fuel for your free-loadin buddies Seriously--licence is a one time deal Insurance yes reg maintenance--stuff---grease bearings--tires etc Link to comment Share on other sites More sharing options...
Harrison Posted May 30, 2012 Report Share Posted May 30, 2012 (edited) Don't forget child support and alimony if your not careful. Edited May 30, 2012 by Harrison Link to comment Share on other sites More sharing options...
super dave Posted May 30, 2012 Author Report Share Posted May 30, 2012 Beer and fuel for your free-loadin buddies Seriously--licence is a one time deal Insurance yes reg maintenance--stuff---grease bearings--tires etc Thanks. Does anyone know what price range I'd be looking at to store a boat per month? Link to comment Share on other sites More sharing options...
Raf Posted May 30, 2012 Report Share Posted May 30, 2012 your insurance will be 300-400 / year. storage in the city will run you 80-100 month -- you didnt specify where you live. you could find someone with land and store it on their property for less. Link to comment Share on other sites More sharing options...
mercman Posted May 30, 2012 Report Share Posted May 30, 2012 Insurance should cost around 300$ a year.Storage Oil, filter and gearcase lube 60$.Licence for trailer about 30 bucks, but thats a one time thing. Link to comment Share on other sites More sharing options...
jedimaster Posted May 30, 2012 Report Share Posted May 30, 2012 (edited) For my 16 footer with a 30, You can have a rider put on your boat if you have house insurance depending on who you're with if your boat is under a certain size. Also if you join ofah you get liability for when your fishing. I pay 25 dollars a month for gated dryland storage for my boat. In toronto its gonna cost about 100 a month. For gas I spend about 10-20 bucks a weekend in gas, add oil a few bucks. Add about 20 percent of your fuel mileage for towing. As for the allimony... Edited May 30, 2012 by jedimaster Link to comment Share on other sites More sharing options...
fishindevil Posted May 30, 2012 Report Share Posted May 30, 2012 Link to comment Share on other sites More sharing options...
Millhouse2020 Posted May 30, 2012 Report Share Posted May 30, 2012 Everyone here seems to be on point. Storage will have to be based on where you live. Gas and oil of course will depend on usage. You may also want to budget several hundred dollars a year for dealer maintenance. Depending on what you buy and how mechanically inclined you are, this may be a necessity. Newer outboards are like modern cars, they have just go more complicated and computerised. I havent tinkered with mine at all. But thats me. Liscencing is a couple hundred bucks overall since you will have to get the boat and trailer liscenced. If you buy used, remember you will have to pay GST but you only have to pay it on the trailer so get a detailed receipt. Also, transfer any warranties immediately since they have a short time frame to do so, like 30 days. Learned this the hard way... Link to comment Share on other sites More sharing options...
Fish4Eyes Posted May 30, 2012 Report Share Posted May 30, 2012 Dependant on where you live I have seen outdoor storage for 50-60$/month in my area, but it was a few years back. The cheapest deals will be found by looking at listings on kijiji, etc where people have property and are looking to make some money and not established boat/RV storage facilities. If you got seniors on your street (assuming you live in a house), work out a deal with them to shovel their snow/cut their grass to be able to leave it in their garage/driveway. This is what I did until I bought my own house. As for maintenance costs, it will depend on how new of a package you buy. I found myself buying a new trailer and putting in easily 3000 into the motor for maintenance over the 6 years i've owned the boat because I bought a well used package. Gas costs will depend on how frequently you fish and how far you need to travel to fish. I run a 40hp and filling the boat is the least of my worries, its filling the SUV that kills me. To give you an example, when fishing locally, I drive 30min and usually troll. A day like that may cost me 25$ including 5$ boat launch. However if your on the throttle alot then yeah your boat motor will suck the fuel. When up north, I run WOT constantly when moving spot to spot and go through 25L of fuel every 2 days. I do fish a solid 12+ hours a day though too and don't really move around too far as my spots are fairly close to each other and the lodge. If you plan to fish from a lodge even camping is expensive IMO. Everytime I'm faced with a 350-400$ bill for a weeks worth of camping I want to bash my head off a wall because I have yet to buy a generator and camp on crown land. Another important consideration is your tow vehicle. Is it capable of towing a boat and can you still expect a few years out of it? If not, are you financially stable enough to afford a tow vehicle when and if the time arises? When I was young, stupid and in school I wanted a boat so bad that I just towed it with my Jetta, endagering my own life and others. I wont get into traction issues at the boat launch. It has been mentioned here before, BOAT stands for Break Out Another Thousand. If you have breathing room financially, go for it. Life is too short to not do what you want to do Link to comment Share on other sites More sharing options...
kickingfrog Posted May 30, 2012 Report Share Posted May 30, 2012 Many that own a boat really don't want to know the actual total it costs to have their boat sit there mocking them all fishing season. I know I don't. Link to comment Share on other sites More sharing options...
chessy Posted May 30, 2012 Report Share Posted May 30, 2012 For my 16 footer with a 30, You can have a rider put on your boat if you have house insurance depending on who you're with if your boat is under a certain size. Also if you join ofah you get liability for when your fishing. I pay 25 dollars a month for gated dryland storage for my boat. In toronto its gonna cost about 100 a month. For gas I spend about 10-20 bucks a weekend in gas, add oil a few bucks. Add about 20 percent of your fuel mileage for towing. As for the allimony... This policy provides no coverage for automobiles, boats, motors, ATV's or snowmobiles, Link to comment Share on other sites More sharing options...
captpierre Posted May 30, 2012 Report Share Posted May 30, 2012 Don't forget the money you save on G**f ( 4 letter word) Link to comment Share on other sites More sharing options...
whiskywizard Posted May 31, 2012 Report Share Posted May 31, 2012 Try standing fully clothed in a cold shower, with a fan blowing on you, and tear up $50 bills. If that feels good, boating might be for you. Link to comment Share on other sites More sharing options...
Tybo Posted May 31, 2012 Report Share Posted May 31, 2012 I love spending money on my boat.It is one of the most expensive hobbies you can have,Then throw fishing on top.$$$$ If you not doing your HOBBY.Then it`s not a HOBBY. Link to comment Share on other sites More sharing options...
Stoty Posted May 31, 2012 Report Share Posted May 31, 2012 For gas I spend about 10-20 bucks a weekend in gas Must be nice!!!!! I think it costs me $20 just to warm up my engine! Gotta love $1.40 for premium gas. Link to comment Share on other sites More sharing options...
fishindevil Posted May 31, 2012 Report Share Posted May 31, 2012 yes i dont really want to know what it costs i just do it !!! 2 boats and a tow vehicle not cheap plus the thousands of kilometers i do fishing all over with them !!! but it doesnt matter to me its what i live for !!! Link to comment Share on other sites More sharing options...
lew Posted May 31, 2012 Report Share Posted May 31, 2012 If you need to ask how much, you can't afford it Link to comment Share on other sites More sharing options...
smally21 Posted May 31, 2012 Report Share Posted May 31, 2012 licensing cost a couple hundred dollars? only pay GST on the trailer? what are you telling this guy? Link to comment Share on other sites More sharing options...
Harrison Posted May 31, 2012 Report Share Posted May 31, 2012 Around the city I paid approx. $500 for 8mths storage with 24 hour access. Up north, Kawartha area I paid Approx. $1000 a year for the same, but that included 4mths storage of the other boat too. Link to comment Share on other sites More sharing options...
super dave Posted June 1, 2012 Author Report Share Posted June 1, 2012 Thanks for all the tips. If it were up to me, I would have one by now. I asked about the costs so I can justify to the wife. If I can convince her to forgo the $400 salon trips we'll be fine! Lol. Got the car, cash and some time. Just need a wife that understands our addiction. Link to comment Share on other sites More sharing options...
wallacio Posted June 1, 2012 Report Share Posted June 1, 2012 Thanks for all the tips. If it were up to me, I would have one by now. I asked about the costs so I can justify to the wife. If I can convince her to forgo the $400 salon trips we'll be fine! Lol. Got the car, cash and some time. Just need a wife that understands our addiction. LOL...take it from me bud, wait till that second baby arrives and you can erase "some time" from that list!!! Link to comment Share on other sites More sharing options...
BillM Posted June 1, 2012 Report Share Posted June 1, 2012 Become a master bargainer like my buddy Dave and you'll get out fishing at least once a week! Link to comment Share on other sites More sharing options...
Mike the Pike Posted June 1, 2012 Report Share Posted June 1, 2012 Insurance should cost around 300$ a year.Storage Oil, filter and gearcase lube 60$.Licence for trailer about 30 bucks, but thats a one time thing. $300 a year for insurance must be nice to be old like you. with a brand new boat and you only pay that.My boat is a 2008 and I pay $450. Link to comment Share on other sites More sharing options...
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