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Old 08-27-2021, 03:15 PM
tommurtha tommurtha is offline
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actually 100 should be the new 20

Originally by Steve Schnitzer thoughts on the true cost per set. Hope this doesn't get me into trouble as I have no agenda just data from a similar thought process 10 years ago. The more things change the more they remain the same I guess.....


THE TRUE COST OF A SKI SET (revised April 2012) the costs are even higher now!
A new ski boat costs over $70,000.00. A 10% loan on that amount would end up costing the owner roughly $700.00 a month or $8,400.00 per year. The depreciation on this boat will run about $17,500.00 the first year (25%). The insurance on this boat costs about $800.00 per year. Storage can run $1,500.00 per year. Add to this oil changes $275.00, cleaning materials $110.00, maintenance $1,100.00, ropes and handles $275.00, permits and registrations $220.00, additional auto insurance $220.00 (you cannot pull a boat with a high gas mileage economy car), additional auto expenses $2,640.00, AWSA membership $60.00, miscellaneous expenses $550.00 and you have $32,930.00 per year cost to ski not including gas and the cost of new skis and equipment! If some-one skis 2 sets a day (a lot of days I don't even ski), 5 days a week, March through August and an average of 4 sets a week thereafter, they will have a total of 364 sets. Add in a spouse that skis the same amount and you now have 728 total sets. Letís use $2.00 per gallon of gas times 1.5 gallons per set ($3.00) times 728 sets and we get $2,184.00. Now letís divide the cost of owning the boat for the year ($32,930.00) by the 728 sets and you have $45.23 per set. Add the fuel costs to this and you get $48.23 per set. THIS IS THE COST! If we take a look at the folks up north who ski 4-6 months per year, this figure doubles or triples! So the next time you head for the lake with your ski buddyís boat, keep these figures in mind. Handing your host $5.00 or $10.00 for a ski set is an insult!
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Old 08-27-2021, 03:58 PM
tchur1 tchur1 is offline
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Are we really doing this again?
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Old 08-27-2021, 04:01 PM
tommurtha tommurtha is offline
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that is not the intent at all. It's always about choice & education, mainly for the non boat owners. Whether the owner accepts or expects contributions to help defray gas & maintenance costs if their choice.
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Old 08-27-2021, 04:02 PM
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lakedrum03 lakedrum03 is offline
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It is sort of interesting. Look at the amount of money we all put into this hobby. For 99.9% of us, its just something fun to do. All of this time, effort and money for a relatively small amount of actual use.

You can't put a price tag on memories, so the cost doesn't really matter, but interesting to see. At least for me.
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Old 08-27-2021, 04:16 PM
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3event 3event is offline
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If you're a recreational user, not a club, and it runs you $33K a year to operate your boat (22' or under for watersports) you're doing it wrong.

Apart from that: "Handing your host $5.00 or $10.00 for a ski set is an insult!" If your host expects you to pay 100% of his full expense down to ski handles and boat depreciation. So you may as well get a financial statement prepped to share. Also while you're at it, have your lawyer write up a liability waiver for everyone to sign. If they are paying $100/set they're going to regard you as a business to come after if they get injured. You can add the legal fees to your calculation just to be fair.

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Old 08-27-2021, 04:20 PM
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moosehead moosehead is offline
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Really don’t want to know how much money I blow on boating. It’s already the dumbest financial decision we make, and the most enjoyable.
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Old 08-27-2021, 04:47 PM
Dredgeking Dredgeking is offline
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Where can I get gas at $2.00 / gallon? The logic may be close. But the math is off.
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Old 08-27-2021, 04:55 PM
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JohnE JohnE is offline
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Quote:
Originally Posted by moosehead View Post
Really donít want to know how much money I blow on boating. Itís already the dumbest financial decision we make, and the most enjoyable.
Same here. There was never any financial justification.

And I hope this doesn't get turned into another thread like we had earlier this week regarding donations to the ski set.
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Old 08-27-2021, 05:12 PM
tchur1 tchur1 is offline
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We are going down this road again. Anyone that buys a boat for anything other than the enjoyment is in it for the wrong reasons. No matter what number you calculate, its going to be high, and its going to be worth it every single time.
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Old 08-27-2021, 05:35 PM
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bret bret is offline
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If we'd bring back the swimsuit thread all the expense would be well spent...sorry
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