The cost will depend on the kind of boat you want. An inflatable one is around $35. It includes tax and paddles. A tandem kayak can go around $900. With this boat, you can travel some river or go fishing. If you wish to obtain jet skis, however, you need to have a budget of at least $6,000. Some jet skis can cost more than $10,000. Don’t forget about boat documentation.
How about a sailboat?
It could cost around $25,000 if you opt for a used 22-foot one. If you have at least three million bucks, you can have a used 110-foot yacht. The point here is that you can’t get an accurate answer to that general question. As an owner, you must consider not just the cost of purchasing a boat but also its associated costs of ownership. That is if you have to look into the dock fees, fuel, registration or documentation of the boat, etc. Before, documenting it was free. These days, however, you need to pay a renewal fee of $26. The process of obtaining a certification of documenting can be time-consuming. Hence, most boat owners use a boat documentation service, like US Vessel Documentation Center, to make the process a lot easier and smoother. In addition to documentation fee, you also have to think about the fuel to power your boat. A yacht, for instance, uses more fuel than a jet ski.
Mooring Fees
Besides documentation, fuel, and taxes, you also have to think about mooring fees. A small boat can easily fit on a trailer, so you can park it on your property if it’s not on the water. However, bigger boats may require you to occupy a harbor or dock space. Per month, expect to pay $500 or more when you dock it at a local marina. The fee depends on the marina. Owning or purchasing a boat is a significant investment. Thus, make sure to understand how much boat ownership can actually cost, like purchase price, annual boat documentation fees and lifetime maintenance, among others. After knowing the likely cost of owning a boat, you can easily choose a vessel that’s right for your lifestyle. Understanding boat ownership will help you avoid selling your boat because you can’t afford to maintain its cost. When deciding whether to buy a used craft or a brand new vessel, consider the other expenses of owning one. If you wish to document your vessel or renew it initially, please head over to our homepage to find the right form to start your application process.
