| Purchase price with tax, rigging, shipping, instrumentation, and registration. |
$65,920 |
| Market value after 5 years- depreciate 9.5% a year |
$34,608 |
| Net loss of market value after 5 years |
$31,312 |
| Finance cost- 5% interest for 60 months (assuming 10% down) |
$14,832 |
| 5 year storage cost calculated at $19 a foot plus tax measured as length overall (LOA) in a dry stack marina |
$28,500 |
| Insurance cost – 1.5% of the value of the boat/year |
$4,944 |
| Maintenance and cleaning assuming no major repairs in 5 years |
$5,000 |
| Estimated total 5-year cost of boat ownership |
$84,588 |
| Estimated total 5-year cost of a Legacy membership – including initiation fee and monthly club dues |
$32,590 |
| Total savings of joining a boating Club vs. boat ownership |
$51,998 |
