3 Membership Choices: Florida Boat Club | Florida Yacht Club | Florida Owners Club
Owning Vs. Membership
Click below to view data comparisons.
- Cost Comparison - Buying Vs. Joining Memebership
| # of Years | 5yrs. |
| Total Purchase Price | $100,000.00 |
| Mortgage Payment to get 32% equity @7.9 % | $57,600.00 |
| 32% (40% remaining balance) equity from Mort. Payments | $32,000.00 |
| Interest Paid | $25,600.00 |
| Net Value of Boat in 5 Years 48 percen of Orig. Price Ind. Avg. | $48,000.00 |
- Hard Cost of Boat Ownership
| Typical Boat Ownership Expenses | Annual |
5 Year Totals |
| Annual Boat Insurance | $1,500.00 | $7,500.00 |
| Typical Cost of Storage | $3,000.00 | $15,000.00 |
| Typical Cost of Maintenance and Repair |
-
|
$19,000.00 |
- Capital Cash Outlays
| Downpayment | $20,000.00 | $20,000.00 |
| Mortgage | $11,5200.00 | $57,600.00 |
| Totals | $36,020.00 | $119,100.00 |
The Bottom Line Comparison |
Owning Annual | Club Annual |
| 5 Year All Points Boating Club Rereation Elit Membership | $23,820.00 | $5,590.00 |
- Repair Schedule
| Year 1 | - |
| Year 2 | $3,000.00 |
| Year 3 | $4,500.00 |
| Year 4 | $5,500.00 |
| Year 5 | $6,000.00 |
*20 percent down and 10 year term @ 7.9 percent keeps up with depreciation
Fraction Boat Use No boat maintenance No boat storage No boat cleaning boat trailer dropped off at your home. Find out what Boat club membership cost?