You always put the reality check in your videos. I appreciate very much, that you do not sugarcoat any aspect of what one must have in mind for a successful purchase. Many times, the swinging back-and-forth between models and their characteristics, often lead many people (me) to start thinking of ONLY the price of the vessel. But there is MORE to it, as you put it realistically. I thank you for this, and many other tips, suggestions, and advice, that we have available on your channel. Your editing, photos, and sequences, are really fine, too! Thanks again, for your sage advice that helps people to keep needing a reality check!!
Got a quote from Geico today for a Jen 45.2 for $2,500 /yr covering US waters with no international rider. 300k Liab, 500 deduct. Solar rack batteries and all-in-one inverter/converter prices are dropping if you have dry storage for the rack batteries. Thanks for the video!
Great stuff. This is all stuff people don't think about. Drop $150K on a boat and before you know it you are in for another $15K- $30K depending on what you want.
They way I think about it - if my budget is $150k/total - the actual boat can’t be more than $60k. Everything else needs to go to repairs/fees/running costs.
I appreciate the way you explain the TRUE costs involved. Most people are very vague and a new boater has no idea how much money one needs to either make annually or have available to be able ($) to go sailing (even part time). I just bought my first tiny (older) boat. 30 feet. Not living on it. I want to see how I like to own a boat (or not) first. Then I may move on to a larger one but also newer.
Well the good news is that many of the big ticket expenses that were listed could be lowered heavily if you have a need to budget. The dingy and ac were two big ticket expenses totalling at around 10k according to the video. I'm sure those numbers could be lowered with a little time invested In finding a good, used deal But I'm glad he is being honest about the true expenses. Everyone else acts like you could live on 500$ per month.
heads up; forgot some critically) expensive items: life raft, getting rigging redone or at least added to cost of survey (separate rigging company survey) and as motor is critical safety equipment, add on an engine survey (not just the cursory that the surveyor is going to perform (all of which are critical if crossing ocean), swapping out chain-plates if older boats (especially critical for pre-1999 where they used 306 stainless and not 316, etc... so great video to alert to costs; but bear in mind, it's actually worse than even this video is projecting
A couple of your estimates are quite high in my opinion. Insurance depends on location and the value you are insuring. If you are outside the hurricane zone during hurricane season a better estimate for insurance is 1.5-2% of the insured value for a boat under $100K. As the value of the boat goes up, that number goes down. Your dinghy estimate is way high. You can get a new rib and 6 hp motor for around $3,500-$4,000 and considerably less with a smaller motor or non-rib dinghy. You do not need a watermaker. That is a luxury that MANY cruisers have and do live without. Now, as far as the power system goes, people now days use ridiculous amounts of power. You can get by on much less if you plan your boat appropriately. Also realistically you can't put that much solar on a sailboat. For a 40 footer 400-600 watts is about the upper limit for solar. That will cost under $1000 for panels and solar charge controllers. 600 watts of solar will put out no more than about 270 amp-hours per day for a 12 volt system ion full sun late June days in the northern hemisphere and less at every other time of the year. So you need no more than about 500 amp-hr of lead acid batteries or 300 amp-hr of lithium batteries. So you are looking at no more than $2,200 for solar and batteries. You don't need and inverter. Just run everything off of DC. Furthermore if you are going to be on the hook, you don't need a charger. As far as AC goes, if you want to run AC you will need to be plugged in to shore power or you will need to install a generator. Yeah, you can run AC off of a BIG bank of lithium batteries, but you can't install enough solar to keep the batteries charged if you run the AC.
@@ChasingLatitudes I'm not sure what the member's area is or means.. but I could easily take a flight to wherever you guys are and pay my share. It'd be amazing.
@@ChasingLatitudes I'm saving up for my own sailboat, working hard, but once I have what I feel will be enough, I'm quitting my job and never looking back 😀
I think your prices in this video are realistic, but probably a little low unless you really shop around. And the sailing UA-camr creators I'm aware of that ended their relationship did have very basic boats.
Chris another one of those .. see I told you so videos. You just can't buy and sail away from the dock and be self sufficient. Better have some Cha ching in the wallet or you may hate life later.🤙🤙🤣🤣
You always put the reality check in your videos. I appreciate very much, that you do not sugarcoat any aspect of what one must have in mind for a successful purchase. Many times, the swinging back-and-forth between models and their characteristics, often lead many people (me) to start thinking of ONLY the price of the vessel. But there is MORE to it, as you put it realistically. I thank you for this, and many other tips, suggestions, and advice, that we have available on your channel. Your editing, photos, and sequences, are really fine, too! Thanks again, for your sage advice that helps people to keep needing a reality check!!
Ah thanks so much
Got a quote from Geico today for a Jen 45.2 for $2,500 /yr covering US waters with no international rider. 300k Liab, 500 deduct. Solar rack batteries and all-in-one inverter/converter prices are dropping if you have dry storage for the rack batteries. Thanks for the video!
thanks for watching
Great stuff. This is all stuff people don't think about. Drop $150K on a boat and before you know it you are in for another $15K- $30K depending on what you want.
Thank you :)
They way I think about it - if my budget is $150k/total - the actual boat can’t be more than $60k. Everything else needs to go to repairs/fees/running costs.
I appreciate the way you explain the TRUE costs involved. Most people are very vague and a new boater has no idea how much money one needs to either make annually or have available to be able ($) to go sailing (even part time).
I just bought my first tiny (older) boat. 30 feet. Not living on it. I want to see how I like to own a boat (or not) first.
Then I may move on to a larger one but also newer.
Thank you so much :)
Welcome back!
Another great video, thanks Chris
Well the good news is that many of the big ticket expenses that were listed could be lowered heavily if you have a need to budget. The dingy and ac were two big ticket expenses totalling at around 10k according to the video. I'm sure those numbers could be lowered with a little time invested In finding a good, used deal
But I'm glad he is being honest about the true expenses. Everyone else acts like you could live on 500$ per month.
Always great vids, perhaps the most informative sailing channel on youtube.
Would you gratefully talk about VAT tax?
Sure
heads up; forgot some critically) expensive items: life raft, getting rigging redone or at least added to cost of survey (separate rigging company survey) and as motor is critical safety equipment, add on an engine survey (not just the cursory that the surveyor is going to perform (all of which are critical if crossing ocean), swapping out chain-plates if older boats (especially critical for pre-1999 where they used 306 stainless and not 316, etc... so great video to alert to costs; but bear in mind, it's actually worse than even this video is projecting
Should I set up a contingency for an Orca attack if I want to sail in Spain/Portugal?
lol no
great vid as always man B.O.A.T bust out another thousand
Thank you :)
great vid...predictably
Thank you
A couple of your estimates are quite high in my opinion. Insurance depends on location and the value you are insuring. If you are outside the hurricane zone during hurricane season a better estimate for insurance is 1.5-2% of the insured value for a boat under $100K. As the value of the boat goes up, that number goes down. Your dinghy estimate is way high. You can get a new rib and 6 hp motor for around $3,500-$4,000 and considerably less with a smaller motor or non-rib dinghy. You do not need a watermaker. That is a luxury that MANY cruisers have and do live without. Now, as far as the power system goes, people now days use ridiculous amounts of power. You can get by on much less if you plan your boat appropriately. Also realistically you can't put that much solar on a sailboat. For a 40 footer 400-600 watts is about the upper limit for solar. That will cost under $1000 for panels and solar charge controllers. 600 watts of solar will put out no more than about 270 amp-hours per day for a 12 volt system ion full sun late June days in the northern hemisphere and less at every other time of the year. So you need no more than about 500 amp-hr of lead acid batteries or 300 amp-hr of lithium batteries. So you are looking at no more than $2,200 for solar and batteries. You don't need and inverter. Just run everything off of DC. Furthermore if you are going to be on the hook, you don't need a charger. As far as AC goes, if you want to run AC you will need to be plugged in to shore power or you will need to install a generator. Yeah, you can run AC off of a BIG bank of lithium batteries, but you can't install enough solar to keep the batteries charged if you run the AC.
A Real Wake Up !!!!!
Would that be a real sail boat or a Boaty Mc Boat Face sail boat? Makes a difference!🇨🇦😄
I'd love to come sailing with you guys for a month or even just a week.. I'd pay whatever..
We have a trip coming up, are you on the members area ? Your more than welcome to come for a leg of the trip
@@ChasingLatitudes I'm not sure what the member's area is or means.. but I could easily take a flight to wherever you guys are and pay my share. It'd be amazing.
@@ChasingLatitudes I'm saving up for my own sailboat, working hard, but once I have what I feel will be enough, I'm quitting my job and never looking back 😀
Members area is through Patreon
@@ChasingLatitudes OH, gotcha. Unfortunately I'm not a Patreon.. as I'm trying to save up for my own sailboat.. trying to save costs by all means.
I think your prices in this video are realistic, but probably a little low unless you really shop around.
And the sailing UA-camr creators I'm aware of that ended their relationship did have very basic boats.
Inconvenient truth
3500 for insurance? Please send me the name of the company. I pay over 5k for my 41' Morgan. Insurance will kill the dream real quick like.
For sure , are you on the members area ? One of my members just got it through same person for 3500 on his 42 deck saloon
Smack!
Too expensive unless one is filthy rich.
Chris another one of those .. see I told you so videos. You just can't buy and sail away from the dock and be self sufficient. Better have some Cha ching in the wallet or you may hate life later.🤙🤙🤣🤣
;)
Lol 🤣
Too fucking much! And it NEVER ends! I go diving and drill holes in boats, it’s more fun