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Calcimator

Boat Ownership Cost Calculator

Annual cost: insurance, storage, maintenance, fuel, and registration.

Inputs

Results

Total annual ownership cost

$16,511.33

≈ 8 gaming PCs

Average monthly cost$1,375.94
Cost per engine hour$165.11
Annual fuel cost$6,600.00
Annual insurance$501.33
Annual maintenance$2,000.00
Annual storage$3,600.00
Annual depreciation$3,200.00
How to Use This Calculator
  1. Enter Boat value ($), Boat length (ft), and Engine horsepower (HP).
  2. Set Annual engine hours, Fuel price ($/gal), and Monthly storage / slip ($).
  3. Review the Total annual ownership cost ($) result.
  4. Use Average monthly cost ($) and Cost per engine hour ($) to inform your decision.

How the result changes with Annual engine hours

Annual engine hoursTotal annual ownership cost
200$25,111.33
700$58,111.33
1,300$97,711.33
1,800$130,711.33

What each input means

Boat value ($)
Current market value of the boat.
Boat length (ft)
Overall length for registration and winterization estimates.
Engine horsepower (HP)
Total rated horsepower of all engines.
Annual engine hours
How many hours you run the engine(s) per year. Recreational average is 50-150.
Fuel price ($/gal)
Price per gallon of marine fuel at your marina.
Monthly storage / slip ($)
Monthly marina slip, dry storage, or trailer storage cost.

What each result means

Total annual ownership cost
All-in yearly cost including depreciation.
Average monthly cost
Annual total divided by 12.
Cost per engine hour
Total annual cost divided by hours of use.
Annual fuel cost
Estimated fuel cost based on engine size and usage hours.
Annual insurance
Estimated boat insurance premium.
Annual maintenance
Routine maintenance, repairs, and service.
Annual storage
Yearly marina slip or storage facility cost.
Annual depreciation
Estimated loss in market value per year (~8%).

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Boat value ($) = 40000, Boat length (ft) = 28, Engine horsepower (HP) = 200, Annual engine hours = 100 = 6 input(s) provided
  2. Calculate Total annual ownership cost
    Total annual ownership cost = annualCostNoDepr + annualDepreciation
    16511.33 = $16,511.33
  3. Calculate Average monthly cost
    Average monthly cost = annualCostWithDepr / 12
    1375.94 = $1,375.94
  4. Calculate Cost per engine hour
    165.11 = $165.11

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