The Sailo boat ownership calculator is a tool that allows you to explore, predict, and plan costs and revenues associated to boat ownership.
The calculator is organized in multiple tabs that contain a significant amount of detail. For the calculator to be useful it requires some
basic information about the user's boat and some basic usage details. Most of these inputs can be found on the MAIN tab in the left column.
For a generic approximate overall picture of the costs and revenues from boat ownership only minimal information is required, such as boat price,
build year, type of boat, and days of use per year. The calculator has built-in models that compute a series of costs as a function of the information
you enter in the main tab. These total costs for these sections are always available in the tab header right under the section name. Click on these tabs
for more detail on about that specific cost and more customization options. For example, the fuel cost tab computes fuel cots based on the type and size
of your boat, estimated HP, and current gas prices. To make this calculation more accurate you can enter a more exact fuel consumption for you boat and
more accurate local gas prices.
The last two tabs are probably the most interesting. The "Charter" section estimates the income your boat can generate on a platform like Sailo based on
charter rates and days rented. Of course we increase maintenance costs due to chartering based on the number of extra days on the water. The "Rental" tab
is also the most unique: it shows a comparison between renting and owning an identical boat to find which option is the most economical and by how much.
Final costs
(inc. charter & resale)
The chart above shows the yearly ownership costs over the next
years, and the extra income that your would receive if you
decide to charter your boat. The overall ownership cost is
and the chartering profit is
.
The chart above shows a breakdown of ownership cost based on the
boat info provided. You can click on individual sections to
drill down even further, then right click to return back to the
previous view.
The chart above shows the yearly difference between the costs of
renting and owning your boat. The line shows (ownership cost - rental
cost) every year over the duration of potential ownership. Note
that it is possible that renting is better some years but not other.
Overall cost of renting the same boat is
(including
in fuel) and ownership cost is
. Based on your expected usage of
days the recommendation is to
for savings of
over the next
years.
The chart above shows a yearly breakdown of ownership cost based
on the boat info provided. Hover over each section to see the
yearly cost for that category. Also, note the cumulative totals
for all these costs is always available in the tabs above right
under each category's name.
The chart above shows a yearly breakdown of ownership cost based
on the boat info provided. Also, note the cumulative totals
for all these costs is always available in the tabs above right
under each category's name.
Some explanation of the content below and how to use it.
This chart shows the scheduled boat financing payments for the
year duration of the
loan.
Your downpayment will be
,
and over the life of the loan you will pay a total of
towards the principal and
towards the interest, for a total of
cash outflow. For more detailed view of the payment schedule info,
click on 'Email Report' below.
Some explanation of the content below and how to use it.
The chart above illustrates the annual costs of insurance and
registration over
years. Total cumulative costs incurred will be
,
for insurance and
for registration based upon a
premium.
Some explanation of the content below and how to use it.
The chart above outlines tax payable and tax deductions
depending on the zip code of where the boat is stored (
). Your tax liability includes
sales tax paid at the time of purchasing your boat and
in property taxes over the next
years. Note that having your boat in charter service significantly
decreases your tax liability as you can depreciate the whole value
of the boat over 10 years including an accelerated deduction of
in the first year (based on
Section 179
of the tax code).
Property and sales taxes vary significantly from state to state.
The chart above shows your overall tax liability during the
duration of ownership for each state.
The least expensive states are Delaware, Oregon, Puerto Rico,
and US Virgin Islands with
$0
total taxes paid, and the most expensive are Rhode Island with
total taxes paid and Virginia with
total taxes paid.
Click on "Email report" below to see a detailed table of tax
liability by state.
Some explanation of the content below and how to use it.
Based on your docking choice (
$0
), your average yearly rate (including docking and other fees like
electricity) will be around
per month for a total of
over the time of ownership. Note that docking costs can vary
significantly depending on
state, location, type of docking, docking duration, and size of the
boat. The bar
chart on the right shows approximate price differences in yearly
cost versus docking type.
Also note that for boats in marinas in colder locations the yearly
cost is a combination of
marina fees and winter storage fees.
Some explanation of the content below and how to use it.
The chart above shows a breakdown and evolution of maintenance costs
for your boat over the next
years, with an estimate total cost
of
. It includes cost estimates for major yearly maintenance
events like winterization (
) and spring prep (
), but, in
general the bulk of the costs are in the "Other maintenance" section
(
). This includes
an estimation of all other maintenance costs for your boat based on
statistics from other boat owners. Costs are highly correlated with
the value and age of the boat, and average use.
Note that the numbers above are best estimates, but there are
multiple factors that affect costs, and your boat could have a
substantially different maintenance cost structure.
Some explanation of the content below and how to use it.
The chart shows estimates for yearly fuel costs for your boat. The
fuel consumption rate is calculated based on the data provided that
depends on boat size, type (sail/power), days of use, average hours
spent cruising per day. Gas and diesel prices are updated in real
time but the numbers represent national averages so your local fuel
costs could vary. We expect fuel costs to be
per year (
days on the water,
motoring per day) for a total of
over the duration of ownership.
Some explanation of the content below and how to use it.
The chart above shows other costs likely to be encountered by the
average boat owner. These refer to equipment that tends to be
replaced less often and is likely to last at least 10-15y. The
trailer costs is based on the size of the boat and current market
prices, but dinghy, electronics, and safety costs are conservative
estimates and the real costs, especially for larger boats, could be
higher. We also assume by default that this type of equipment is
replaced every 15 years but feel free to adjust that frequency in
the input box on the left.
Some explanation of the content below and how to use it.
The chart above shows costs that are less common but could be
significant depending your experience and the type of boat you own.
A
boat survey (est. cost for your boat:
) is likely to be performed once at the time of
purchase and then updated about every 15 years. Boating courses are
common for new boat owners with less experience but they are a one
time
cost most likely around the time of purchase. Part-time and
permanent
crew is only common for boats 70ft and over, but it is a cost that
can
dominate ownership costs depending on the headcount. Based on the
size
and type of your boat we estimate that a crew of
will be needed for a total cost of
per year.
Some explanation of the content below and how to use it.
The chart shows estimated yearly income and costs from chartering
on Sailo. Chartering your boat for
days per year for the next
years will generate
in revenue (chartering agency fees of
included) and an additional maintenance cost of
, for a total profit of
. The chartering price per day for your boat is
. This estimate is automatically calculated
using data for similar boats in Sailo's database, but revenue and
daily prices vary based on how you choose to charter your boat and
how much you expect to charge for it. Based on the additional usage
and market value of the boat an increase in maintenance (above
regular maintenance) is also calculated.
Some explanation of the content below and how to use it.
Ownership is cheaper
after # days/year
The chart shows an estimate of what option is more economical:
renting or owning
as a function of days used. The analysis is done by subtracting
the costs of renting from the costs of owning your boat
over
years. Rental rates are computed based on data from the
Sailo database (discounts for longer durations included). For
the current
boat, ownership becomes the more economic option after
days.
(Note: the average US boat owner uses his boat
18 days
per year). Based on your current expected usage of
days per year the recommendation is to
.
The chart shows an yearly comparison of what option is more
economically
beneficial: renting or owning (for an
identical boat). The rental cost is based on rental rates
calculated using data from the Sailo database and on
usage (
days on the water). Given the current boat information,
the estimate cost of ownership over
years is
(this includes the
profits made from chartering and
from selling the boat in
years), and the rental cost is
(including
in fuel) over the same period, resulting in
savings from renting. Thus, the most economical recommendation
is to
.