Used your Boat Enough This Season?
Are You Using Your Boat Enough?
Do you use your boat enough? We don’t just mean to keep the boat in good condition. Enough could mean have you used the vessel enough to warrant what you pay for her.
When you add up what you have paid for the boat and the ongoing storage costs are the number adding up. If you only use your boat a handful of times each year but you’re paying thousands in storage fees does that make financial sense?
Recent Example
We recently collected a speedboat for disposal from the dry stack in Gosport Premier Marina. The speedboat was a prime example of the ‘using your boat enough’ question. It was a Maxum speedboat that the owner had bought four years ago for £10,000.
The reason for him wanting us to remove her was the cover had come away. Subsequently, for the last two years pigeons had been living in the boat. It was a mess inside but nothing that a jetwash couldn’t sort.
Over the last four years of ownership the boat had only been used four times. They were four expensive trips out in the Solent! This speedboat alone was what got us wanting to ask the question of using your boat enough.
Costs Adding Up
If you consider it would of been costing him probably £4,000 a year to store her. That’s £16,000 straightaway then £10,000 for the purchase price. So at the very least ownership had cost him £26,000. That’s before putting petrol or diesel in or even turning it on.
So if you break down the total costs to how much it was used the figures are eye-watering. For every time the Maxum was used it worked out at £6,500 per trip over the ownership. And we thought the Wightlink prices were high to get to the Isle of Wight.
Not So Glamorous
Once the costs are clear like this it shows that boat ownership if it’s not being used aren’t so glamorous. I’m sure people could think of better ways to spend that £26,000.
So if you have a boat that is draining money with very little use, cut your losses and get in contact. Just fill in our Scrap Calculator and we will be able to save you thousands by avoiding the costs of boat ownership.
Written By: Luke Edney
Luke completed a journalism degree in Brighton University and fortunately for us uses this in his communications, Facebook posts, Tweets and emails to tell all our enquirers and followers what we are up to. Without Luke we would be lost, he runs the office, keeps us organised and is like a terrier and never lets a tricky boat disposal job go un-photographed or Tweeted about.
He also manages all of our enquiries passing them to whoever in the team is the best suited to deal with it. We are teaching Luke how to drive a motorboat or sail a yacht so while he’s learning we suggest you keep out of the Solent!
When he’s not at work he’s a massive football fan (his Dad used to play for Portsmouth FC years ago) and seems to know everything there is to know about any player, anywhere. Next time you ring and he answers, think of a tricky football trivia question and ask him
Date Published: November 8, 2019
Last Modified: June 28, 2022
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