Page Text: $136,650
$28,000
Most boat owners don't want to acknowledge the true cost of boat ownership or the time that they lose fixing the boat that they could be spending with their family out on the water. No Matter if you want to join for one year or for 5 years, the boat club really is the best deal in the Lakes Region, not only do you save ~$15k+ in the first year, and ~$100k in 5 years, but you avoid all the problems and headaches of boat ownership.
This table is only meant to help illustrate the costs for comparison, the actual cost of boat ownership varies wildly.
*the mortgage is based on 50k with $600 down at 1.99% for 5 years. No closing costs.
**The boat slip cost is based on the minimum cost of a slip at Akwa Marina Yacht Club for 2022
*** The one-time signing fee of $7000 is exactly that. You pay the signing fee of $7000 and never pay it again as long as you are a member and keep up with your monthly $350 fee. There is a 30-day cancellation notice.
+ Depreciation can be viewed in different ways+
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