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COST TO OWN A 65 FOOT YACHT - 2020 EDITION E114
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- Опубліковано 18 сер 2024
- We break down the costs for owning our Hatteras Motor Yacht, including the costs for improvements and repairs, as well as a few extras.
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Our Story:
My name is Ed, I am an ex-muscian, turned politician, turned tax account, who now imagines himself a sea-captain. Lyn, is an ex-model, turned photographer and the love of my life.
We have spent the last three years traveling on our 65' Hatteras Yacht and it has been terrifying. We have faced down storms, been stranded at sea, towed off shoals and run aground by careless boaters.
But it has been magical as well. We have explored places known only by those who travel by water, met incredible people along the way, and learned so much about boating - and even more about ourselves.
And to think - until three years ago, Lyn, and I, never even owned a boat.
We met when we were 21. I was a starving musician, on my way To Los Angeles to starve some more. Lyn was a model, waitressing tables and dreaming of adventure. We went on our first date to the Jersey Shore, and spent the night on a boat her father was restoring. That date has never ended.
We traveled the country together, and settled for a few years in Hollywood, where she discovered her love for photography, and I discovered that music was not going to be my career. We put down roots in Bucks County Pennsylvania. We built a house together, raised three children and became your typical American family. She opened a photography business and I opened an accounting firm.
On a vacation to Key West, we met a woman who lived on her boat. She had been an emergency room nurse for many years but decided she had had enough. She sold everything, bought a boat and sailed to Florida. We were fascinated. It seemed so romantic, so us. The seed was planted.
Flash forward a few years and the children are grown. Lyn retired from photography and sold her business. And me, well, I was only working three months out of the year and looking for a new adventure.
So, we bought our first boat. A Carver 355. No experience, and completely clueless. We hired a captain to bring us to our local marina and we were determined to learn how to operate her. We practiced in an empty marina for a couple of days and then, we just went for it! We figured, if we liked boating as much as we imagined, we would trade up to our dream boat. Two years later we did just that.
This video vlog is our story. Boating has become our passion. We invite you to share this journey with us, as we explore the waterways of the Atlantic and Carribean, having the time of our lives, while "Trying Not To Sink."
Cheers!
Ed and Lyn.
Slips fees, Insurance, repairs, improvements, channel accessories, motorboating son of a bitch
![Дон ДОН, Алаудинов и СБЕЖАВШИЕ из под Курска ахматовцы 😁 [Пародия]](http://i.ytimg.com/vi/dEfCf5IK26Q/mqdefault.jpg)
Oops! I accidently posted a test video earlier. This is the actual, finished video. I posted the video before adding the "cuts", where I show the products, etc. The first video was just us talking.
We all really appreciate that you are so transparent about your experience and your expenditures perhaps it will show others that boat ownership can be had if you are willing to do some of your own maintenance. 😁🛫
I like watching your videos; you're showing your viewers what life is really (or, should be) all about.
Sorry about us losing your motor, the most common reasons for that happening are 1) Using a used box is like reusing a paper grocery bag, they can only be used so many times before their life is over. 2) Always tape the bottom as good as the top. It's amazing how many people tape the heck out of the top but never touch the bottom of a used box. And lastly, fill it up with filling so it has a solid shape and can't be crushed because that just makes the cardboard and seams weaker.
Sorry to say it but looking at your box, your claim may have been denied anyways because of poor packaging.
Thanks for sharing the videos though, I'm in the process of retiring from UPS and am looking forward to cruising down south like you're doing. You are an inspiration and if our paths ever cross, drinks are on me.
So if contents fall out of boxing you guys just throw the contents away and retape box and send it on???
@@boatrvme8478 I would like to say no but there are over 500,000 employees. Some good and some not so good.
In the large hubs the part may have come out on a conveyor belt and they get separated and no one sees it happen. When they each reach a person and are taken to rewrap separately, the rewrap area has multiple empty boxes and multiple parts. Which part came from which box is anyone's guess. So the boxes are sent on and the parts are inventoried. When the box arrives empty the sender makes a claim describing the part and hopefully the part is located.
But here is where it is about the money. How much time and money should UPS spend on finding a lost part when the shipper, who's part it is, didn't want to spend a couple dollars on a new box and some proper packing material?
It may not be a perfect situation, but no one has been able to come up with a better one and still been able to make a profit.
@@jwyzdm I hope you are right but I have been in hubs (My son worked for UPS) and I dont see how much of anything stays in its package! Just my 2 cents🤣 PS I know it is a stressful job!!!
These "how much does it cost" videos are hugely helpful for an aspiring boater to get an idea of what its going to involve. Can I ask a favour? I know you do a ton of work yourself instead of just throwing money at the problem. I see you digging around in the wiring under the helm, or installing lithium batteries, or fixing a turbo, etc. All of these seem a little daunting to me. Could you include another column in your spreadsheet - how much would this cost to pay to have fixed (just an estimate if you don't know) vs DIY. I'm sure it would be rewarding for you as well, to see how much actual cash you are saving. Thanks! And carry on the great work of documenting life aboard a boat!
Thanks so much for the info. For those of us thinking of buying a yacht, your videos are invaluable. Look forward to seeing your 2021 voyage.
Glad you like them!
Thank you for putting this out there. It’s great to have realistic numbers for keeping up these older boats. And, I totally hear you on the insurance market. Crazy right now...
My house is stationary, in the middle of California and my annual expenses exceed your budget by a factor of 3. It's great to see that I could save a great deal of money living on a boat. I hope I can do this someday.
That is very true. We are from the Philly area, not nearly as expensive as CA. but the boat is less expensive than our land house, even factoring in a 35 mile trip every year.
Thanks, great video! When we had our Amazon Yellow Head Parrot who was a fairly good talker, he could not stand up to an African Grey we used to frequently baby sit. That Grey could talk up a storm and mimic every house sound known to exist!
Amazon sell parrots, wow i want a big blue one. Do i look under parrots or what?
@@williamavery9185 Amazon Yellow head is the species. These birds were "Amazons" long before Jeff Bezos came along. For the bird you are looking for, look at Macaws. They are much larger than Yellow heads and much more $$$
Thank you for sharing again...I look forward to this episode every year. You will relish every moment of your big trip this year more than ever after being stuck at home. Your sure have improved that wonderful Yacht and I thank you for taking us along for the ride.
By the way shooting in front of windows is usually the kiss of death for "non-pro" video folks. The light was really warm and nice on you two in this video...nice job with the video, audio, exposure, and like your "golden hour color"....all great.
When Boat US switched to Geico Insurance their rates began the current rise. Charter Lakes Agent had 3 better quotes and Merit's insurance division in Pompano Fl. had one that was even better.
Thanks for the info. My insurance went up to $7500 last year. I should be getting this year's bill soon.
If you want to play, your going to pay for sure. It's nice to see you take the time to know what she cost you and share it with you channel. I'm looking to get out of the house too. Have you noticed that insurance companies add much better than they subtract. I haven't figured out why but notice it a while ago. Fair winds and calm seas.
Private airplane insurance is also showing steep rises.
Been watching some of your other videos and am blown away with your increased insurance costs! HOLY CRAP! I also (like 90% of us) have Boat U.S. and have had some increase, but nothing like that. Sure hope these level off real soon. Thanks for the great video.
Thanks for watching. Insurance is ridiculous right now.
This is very useful information and gives good insight into running costs. Much appreciated !
Try April from Charter Lakes in Kent Narrows. She was recommended to me, insures a lot of commercial boats on the Eastern Shore of Maryland area. Great to deal with and she was less considerably less expensive!!!
OMG - of more interest then hearing the budget... tell us about those fantastic glasses! That martini glass in particular is amazing looking!!
I am sorry to hear UPS lost your motor, I hate to say it but with out proper blocking inside the box and a certified box for the weight of the object inside the box. Losing the components is pretty common I have to admit. Years ago I flew UPS freight and saw this happen.
Since February 7 I have ordered 3 plasma cutter’s the first was DOA. The second one was lost in shipping. The third has sat in one location for the last days.😩. Suggestion if you need to ship a valuable item ie computer I wrapped the item in plastic then with some card board stand offs I then spray great stuff (LOW) expansion foam inside the box for a secure shipping method. 😁🛫
with all these fixing/replacement expenses , seems like it might make more sense to outright buy a new or newer boat - less expense to replace or repair old units
Cool! I was going thru withdrawals. I have been wondering how the electrical was doing. It is good to hear. As far as the insurance going up, I have heard that because of covid a lot of people have been buying boats and a significant number have no experience. I cant help but think this plays into the larger than would be expected increase. Oh well. Here is to a better 2021 and the Bahamas. Be safe.
Love the disclosure each year. Feels like you guys found a great deal on your batteries, solar, alternator and inverter upgrade. Hope we do as well someday. We are with Liberty Mutual and they came in substantially lower than others. And you guys definitely win the interesting drink glasses award, especially with that Manhattan glass. Very nice! Looking forward to the Bahamas videos.
Very informative, I appreciate you sharing. Fingers crossed you get to travel more in 2021!
you just talked me out of getting a trawler :-) good presentation as always...thanks
My mid 70's equipment is also dodgy after all these years. To my GF's lament, nobody offers a refurb package.
It's only 11:55am and I'm getting thirsty.
INSURANCE?
Start a boaters coalition and you all go with one insurance company but ONLY if they return the costs to previous levels. Set it up like a club etc.
Might work??
happy for you. thanks for the video
Thanks for watching!
Ed has anyone ever told you that you have a resemblance to Jonathan Frakes?
Anyway you guys are great! I appreciate you sharing your life with us.
I’m a mechanic and I can appreciate your struggles taking apart your windless.
Cheers guys,
Jeremy K.
I was wondering, like wow they did 2 videos and posted on the same day... but now I have to watch this one also 😉
Love this Vlog when I Think Back to when you started what a Awesome Journey its been so far and now I can Hear to Perfectly and see you as Clear as Day So Congratulations Still love your Vlogs as much as I did when I first found you and I Feel I have been there for it all Thank you the Improvements just in the Sound is so much better and more enjoyable i look forward to many more Vlogs
Hi Ed and Lynn.....nice video on yearly budget....hopefully once we get all the upgrades done on our boat we can get down to those kinds of budget #'s. Here in Key West for February...NJ & PA was too cold this year...when u planning a Bahamas trip? Maybe see you guys over there....😁
You scared the heck out of me Ed and Lyn! I'm glad you enjoy it so much and can afford it. I'm trying to decide whether to buy a boat this year... maybe 30 feet. I've inquired with some dealers and they must be on vacation because they are totally unresponsive so far.
Love following your content and noted from your last video.. your plans to go to the Bahamas this summer.. be advised that if you take your drone to the Bahamas.. you must register the drone to bahamas at least 5 days before you arrive.. saw this on another channel, where the boat captain had to surrender his drone to customs.. until he left
Try "Charter Lakes Insurance".
Great channel guys ...
Thanks for watching!
Thanks for the info, gives me great insight in what to expect !
Glad it was helpful!
Forgive me please, but what is that music that you first began your videos with, just love it, dislike change but getting older.
Budapest by George Ezra, however our version was sung a singer at a bar.
U guys really fab and jelouse of ur life. I could afford it, but no bottle lol. Love from West Dorset England xxx
Well this is your hobby and no difference than people that like to travel hunting or ATV, campers and so on. Bottom line you need to make a good living as well and there is nothing wrong with this. Nice job on the video. Thanks, cant wait for the boat trip to Florida.
Great video...loved it!
Question if you are at $4k for a motor and gearbox, why not spend $5k for a complete unit ? If you are traveling ~upgrade is lower that makes sense.
Another informative video, good job guys. BTW I gave you two a shout out on the Sailing Doddles Channel. Did your subscription count soar? :)
I get the insurance thing. Our homeowners went up 25%
Hello Ed & Lyn. Really enjoy your videos. Keep up the good work! I wonder if you could give me a bit of advice? My wife and I are contemplating buying a live aboard yacht. I’ve been looking at Hatteras 53s. I also see a number of 60s available. They appear to be basically 53s with the addition of the stern cockpit. As with all newcomers the idea of getting a 53 foot boat into a slip is a frightening prospect. A 60 footer seems terrifying. Getting your perspective on this would be very helpful.
We have never been on a 60. We have been on plenty of 53s, and 58 Yachtfishs, which are basically 53s with an added cockpit. It was intimidating at first, but after owning our 58MY for a while it became easy to handle. I would not shy away from either boat because of size. You'll get used to it. In some ways, I fin d it easier to handle than a smaller boat. It is much less susceptible to wind and current. However, if you do not have prior experience on a larger boat you may have difficulty getting insurance. We owned a 40" Carver for two years, so we had no problem. But I have heard of others having difficulty. Feel free to contact us with any questions. We are far from experts but we do know old Hatteras's.
Thanks for sharing.I always enjoy your videos:) How is your water maker doing for this season ?
Thanks for watching! Many more videos to come. We do not use the water maker. Too costly for the 4 weeks we spend in the Bahamas. We hold 400 gallons of water so we just fill the tanks twice and take on plenty of 5 gallon jugs for drinking.
Easy to see who dominates the conversations on that vessel. ;-)
Everytime I watch one of your videos I end up humming Mark Knopflers “Sailing to Philadelphia”
nice video and boat. I watched one of your videos from 2017, that was titled 58' Hatteras, this says 65'. Did you upgrade?
No, it is a 58MY. The length overall, with pulpit and swim platform make it 65 foot.
thanks for vid..any tips on maintaining your turbos?
My 70 footer costs 2,890.00 monthly. Which is peanuts a 400 sq foot apartment here starts at $4,000.00 in rent alone. And that's a shit hole apartment
Heading for Bahamas next week; Covid tests in hand.
I wonder if you talk to your insurance company about all the upgrades and improvements you done to your boat if you get a better price on insurance maybe
We tried. We ended up raising our deductible to lower the price a few hundred dollars.
10 grand to park it, 10 grand to maintain it and 5 grand to insure it. Easy Peasy!
What a great insight to boat /Yacht ownership . I think I'll stick to aircraft for my financial poison . ;)
You need to ditch that insurance company
Hi folks
Like your videos. A while back you described a sonar app for a phone. Can you tell me the brand?
Thanks
Here I thought it was groundhog day....LOL
Can I ask why you don't sail down to the Caribbean for the winter rather than stay in Philly ???
I work in the Winter and need to be in Philly until April 15th. We have considered leaving the boat down south for the winter so we do not need to make the trip down the coast every year.
Question, when it's warm out what kind of electric payments do you see? I saw a 78' Hatteras in Texas for 300.
I don't know. Our home port marina includes electric in the price and the transients slips are usually $15 per day.
You should not have to ensure that the box has something in it when it arrives at the destination. There should be some liability by UPS for this situation.
Only $100 liability.
@@tryingnottosink9107 That is criminal! It was completely missing.
Some parrot expert said those birds need to be out of the cage a minimum of five hours a day Or they go nuts. I had a small parrot and I would make him go in a playpen and he was pretty good he would stay there
That's not necessarily true. I had a Grey for 35 years. He was in a stainless cage rated as typically sized for two of them. Most of the time the large cage door was open yet he rarely came out and when I would take him out he "bitched" about it and was most happy when put back in the cage. Before the Grey I had a Blue-Gold McCaw; he did not like the cage as large as it was so most of the time out on a T bar with trey under it.
Too bad about that missing windless motor...Insurance for a boat is crazy! I wonder what is going on with the huge increases in premiums? How was your experience getting boaters insurance since you guys had no experience? I see many new boaters have a hard time. I'm hoping to find coverage when I get my boat. Especially being a woman with no prior experience. Thanks for your videos!
I had a little experience renting 25' pontoons boats and I claimed that experience when getting insurance for the 35' Carver. The Carver gace me the experience to get insurance for the Hatteras.
Bleeping bird: suggest a light beurre blanc sauce with a touch of tarragon. ;)
I had Boat US insurance through GICO but they stopped insuring large boats. I went with CHUBB I found to be more expensive but there coverage and terms were good. Should you want any information let me know.
We are waiting for our renewal from Boat US. It should be in any day. If it goes up again we will definitely be shopping for a new company.
@@tryingnottosink9107 I am from Malvern Pa but live in Florida most of the time. I keep my boat at Safe Harbor North Palm Beach. Should you be in that part of the Florida let me know.
Slightly off topic, but how does the bird handle cruising? I have a pair of Patagonian Conures that I would want with me, but not sure how they would handle it.
The bird loves being on the boat. We just put her cage down on the floor when we are cruising and put it back up at port or anchor. If we say "want to go for a boat ride" she'll jump right on my arm so I can put her in her travel cage.
@@tryingnottosink9107 WOW! Thanks for the reply!
Try Markel or progressive on insurance.
Progressive will not insure a boat our size and Markel wants a new survey. We may go with them next year.
Hi, I am friend of Racheal's and would love to meet with you to discuss how to do the live on the boat thing. Can we grab a adult beverage some time? I have been a boater for 30 years and would love to retire in the next few years on the river. thanks and have a great day.
Hi. We will be at the boat most days between April 20th and April 29th. After that we head to the Caribbean. You can meet at Penn's Landing sometime before then.
@@tryingnottosink9107 Hi guys, would Sunday the 24th work for you? Im thinking 4 pm but Im open for what works for you. Saturday would work also. i look forward to meeting you. Thanks
You can buy waterproof drones.
The maintenance / repairs really shouldn't be forgotten any year, simply because it hits harder the next year.
Have you tried Boat US , May be silly to ask. Idid and it worked out
That is who I use now.
love the videos
Glad you like them!
@@tryingnottosink9107 me 2. Question... what's the headroom on your Hatteras? I'm 6'5" and I was told some of the Hatteras have good headroom. Looking at 65'.
Insurance even in Canada has increased
At a certain point might be worth it to self insure!
I know.
Try State Farm I pay 1000.00 per year for a 40’ jersey sportfish.. $50,000 coverage 🤷🏼♂️🤷🏼♂️🤷🏼♂️
Good advice...I pay $370.00 a year for my 28 Wellcraft Coastal, but it sits on a boat lift behind my home.
Would love to collaborate with you on all of this in more detail more direct communication.
How many days was your Key West trip a couple years ago that ran you $25k?
As I recall it was 59 days. Way too short for the distance we travel. Too hurried. Now we do 90-100 day trips.
Cruise ships are cheaper and much larger; I heard there is a guy who travels the world on cruise ships for 365 days in the year for about the same you are paying.
Birddog?! Come on... their peach is ok, beside that it’s only good to mix
You said $31,168. It was $31,668 lol 😂
What happened?
I posted the video before adding the "cuts", where I show the products, etc. The first video was just us talking.
Just think how much higher your expenses would have been if you were not as good as you are at finding bargains and you paid people to do all the work you now do yourself!
Daft Punk is no more
🇵🇷🇵🇷🇵🇷🇵🇷👍👍😎
More dishonesty, 58 hatteras, if not click bait, this nonsense