Cost of ownership
Cost breakdown
Every line shows the rule of thumb behind it. Open one to see what drives it.
Principal and interest on $360,000 after a 20% deposit. A longer term lowers the payment and raises the total interest.
Planning estimates only. Every number above is an assumption you can change. Actual costs vary by boat, age, flag, marina and use. Confirm with a surveyor, a lender and your yard before you commit.
Your share, not the whole bill.
Split across 4 owners on the Co-Owner setup. That is $8,806 a month you are not carrying alone.
Owning alone vs. owning with LeClub
This is the part they sell you. The calendar is what costs you.
Brokers quote the hull. Lenders quote the payment. Nobody quotes the yard week you lose in October, the captain you need for the delivery, or the 10% that leaves on the way out.
The yard week
Haul-out, antifoul and running gear take the boat off everyone’s calendar at the same time, usually the week two owners had plans.
The named-storm deductible
South Florida cover carries a separate wind deductible of 5 to 10% of hull value. You don’t notice it until the season you need it.
The crew threshold
Somewhere around seventy feet, a captain stops being a luxury. Crew salaries then overtake the loan as your largest line.
The berth escalator
Premium slips carry annual increases and waitlist deposits. The berth you can get is often the real constraint, not the boat you can afford.
The expiry schedule
Liferafts, EPIRBs and flares expire on dates unrelated to how much you used them. Electronics need a full refresh roughly every seven years.
The exit
10% brokerage, a survey and a delivery. Owners model the purchase in detail and the sale not at all.