General seadoo boat costs?

[kosta24]

Im just trying to figure out how much a boat will actually cost me per month.

I realize there are tons of different finance options but besides the actual cost of the boat itself what would i be looking to spend monthly for:

-fuel (general use, 10 hours/week)
-insurance (do I include boat on home ins or get its own ins?)
-upkeep/maintenance (how often do I have to bring a boat into a mech. for maint. also how often do they break down?)

Also wondering what you guys are generally spending monthly for your finance. Ofcourse its better to pay it off fast but does anyone have any info on what a typical down payment and monthly payment would be and what term is most used on a 2010 seadoo wake.

I was hoping to put about 3-5K down on the boat and keep my monthly payment to about $300 or less. Then was guessing another couple hundred monthly for fuel/insurance/upkeep. Is this possible with a long term or am i dreaming?

 

[RFoster130]

It can vary quite a bit. I dont see anyway the wake edition boats being that low of a payment. For a base model 21 ft wake you are looking at 43,000 ish. With a 15 year loan and 5% interest with 5,000 down you are still looking at 300.50 That is best case scenario.

Maintenance and fuel can also vary quite a bit. Depends on use. On my 98 I can burn up $250 worth of gas in 1 weekend. That is not counting the $100 it cost to tow it somewhere. Maintenance can be budgeted fairly easily especially if you do it yourself.

Mods cost me the most besides gas. I spend a lot, just this week I spent 500 ordering a Bimini and a Poppy cover. But those things are optional. Once you get it all done the way you want, then that stuff stops. I think I am finally done, until I find something else cool..lol

Insurance is only like 300 a year for me. I am sure a new wake boat would be a little more. Try a company that does just boat insurance like BoatUS

 

[kosta24]

It can vary quite a bit. I dont see anyway the wake edition boats being that low of a payment. For a base model 21 ft wake you are looking at 43,000 ish. With a 15 year loan and 5% interest with 5,000 down you are still looking at 300.50 That is best case scenario.

Maintenance and fuel can also vary quite a bit. Depends on use. On my 98 I can burn up $250 worth of gas in 1 weekend. That is not counting the $100 it cost to tow it somewhere. Maintenance can be budgeted fairly easily especially if you do it yourself.

Mods cost me the most besides gas. I spend a lot, just this week I spent 500 ordering a Bimini and a Poppy cover. But those things are optional. Once you get it all done the way you want, then that stuff stops. I think I am finally done, until I find something else cool..lol

Insurance is only like 300 a year for me. I am sure a new wake boat would be a little more. Try a company that does just boat insurance like BoatUS

thanks alot for your reply, mods are what exactly? just additions and extras?

and $250 a weekend for fuel!!??? thats sickening lol. How many hours is that a weekend? i dont really know the mileage on these things but i was thinking of using it approx 10-20 hours a week on average i guess.

Buying new just seems alot easier (not so much in the wallet) Its hard to find something that would suit me used because of the selection in my area. Id love to find any boat about 5-7 years old that has alot of power. But then the 15 year finance is out of the question and who knows if im getting a lemon

 

[Dr Honda]

It's too general of a question... BUT....

Fuel will be your #1 expense. The new 4-tech engines drink between 12 and 19 gal per hour depending on the HP. So... if you buy the 510hp boat, (2 engines) and you like to hold it open all the time... you will drink 38 gal/hr... 10hr of use is 380 gal... @ $2.69/gal...

Fuel total is $1022.20 for 10 Hr's of wide open throttle !!!!


OK... here's some more.......


if you buy any of the supercharged boats, you will be spending about $700 per engine every 100 hr's of use to rebuild the superchargers... and don't forget about the oil changes.

Insurance is too hard to say. If you live in a sunny state... it's higher. Live where it snows for half the year... it's cheap. (I pay $100/yr)


Going back to the fuel thing... I have a little sportster, and I only drink about 7.5 gal/hr. I can still burn $60 in fuel in an afternoon. I basically plan for $75 every time I take it out. On a modern, supercharged, twin engine Seadoo... plan on $150 to $175. ($130 in fuel, and the rest going toward maintenance)

I hope I didn't scare you... but it isn't cheap to feed these things.

 

[RFoster130]

Yeah gas is really the highest. I plan on $100 most days I go out. The weekend where I spent $250, that is being out 3 days about 5 hours each day. It adds up quick.

 

[WOOSAB]

I live within 5mins of the lake so to and from gas i hardly use any. I think 1 tank of gas would last us mon-thursday. But we dont usually get on the water until about 6 or 7pm and stay out there until 9 ish. we do a lot so stopping at sand bar and swimming during the work week. We will use probably a tank maybe a tank and a half between fri-sun. But we are there from 10am-sat until 10pm sometimes later. and about 8am sunday ( they have church actually on the water) and then until about 9 or so sunday. we have friends and family that live on the lake and our 2 boys love it. So it keeps them happy and cool in this Hot Georgia weather and we love it.

I think most of my extra expenses it accessories. Dock ropes, anchor, life jackets, padle, hell i got over $2,000 in towables. Got big birtha she was $150, got a long torpedo she was $400, tow ball was about $100 just bought a flying manta she was $600 ect.. thats where it mostly hits is accessories in my oppinion. The kids always see new toys or things they want to try so we are always buying it seems like. I dont think it would cost any more or less when the kidsd start traveling for sports or games, or if they like dirt bikes and 4 wheelers ect.

to me as happy as the family is when we are on the water i would pay double what i already pay and wouldn't hesitate..

 

[kosta24]

It's too general of a question... BUT....

Fuel will be your #1 expense. The new 4-tech engines drink between 12 and 19 gal per hour depending on the HP. So... if you buy the 510hp boat, (2 engines) and you like to hold it open all the time... you will drink 38 gal/hr... 10hr of use is 380 gal... @ $2.69/gal...

Fuel total is $1022.20 for 10 Hr's of wide open throttle !!!!


OK... here's some more.......


if you buy any of the supercharged boats, you will be spending about $700 per engine every 100 hr's of use to rebuild the superchargers... and don't forget about the oil changes.

Insurance is too hard to say. If you live in a sunny state... it's higher. Live where it snows for half the year... it's cheap. (I pay $100/yr)


Going back to the fuel thing... I have a little sportster, and I only drink about 7.5 gal/hr. I can still burn $60 in fuel in an afternoon. I basically plan for $75 every time I take it out. On a modern, supercharged, twin engine Seadoo... plan on $150 to $175. ($130 in fuel, and the rest going toward maintenance)

I hope I didn't scare you... but it isn't cheap to feed these things.

well that scared me alright! lol, I want performance but i could never afford nearly 1000 every weekend buddies came down. I barely make 1000 a week working lol. So how are the prop boats in comparison to jet boats for fuel efficiency

 

[fearthisinc]

Guess I am lucky I got the 155hp engine on my speedster lol... only have to put 87 octane gas and spent about 4hrs and only use like 1/4 tank and we were averaging 40mph throughout the day...

as for insurance i went with progressive on my 2010 Speedster 150 and got the best coverage possible with the highest limits available and pay, i believe, right around 500.. its a little higher then others i think but its the absolute best coverage.. the big thing was the "replacement" option.. this being that, if i understand correctly, if i total my boat they get me a new boat for the purchase price that i paid.. not the current price of hte boat.. so if i were to crash in 5 years and total the boat they dont offer me a boat worth 4k.. they get me a boat for what i paid.. not bad..

 

[WOOSAB]

Guess I am lucky I got the 155hp engine on my speedster lol... only have to put 87 octane gas and spent about 4hrs and only use like 1/4 tank and we were averaging 40mph throughout the day...

as for insurance i went with progressive on my 2010 Speedster 150 and got the best coverage possible with the highest limits available and pay, i believe, right around 500.. its a little higher then others i think but its the absolute best coverage.. the big thing was the "replacement" option.. this being that, if i understand correctly, if i total my boat they get me a new boat for the purchase price that i paid.. not the current price of hte boat.. so if i were to crash in 5 years and total the boat they dont offer me a boat worth 4k.. they get me a boat for what i paid.. not bad..

I would double check that insurance.. i own a insurance company and i have never heard of anyone offering that coverage

 

[fearthisinc]

maybe i am not understanding it right but this is right off their website..

Total Loss Replacement
Total Loss Replacement coverage is available for new boats up to one model year old. If a total loss occurs, this coverage replaces the current boat with a new boat that is, to the greatest extent possible, the same make and model and that contains comparable equipment. If such a boat is not available, a comparative boat that is five model years old or less will be substituted.

For boats more than five model years old, the Rating Base is paid, which must be increased if additional equipment that increases the boat's value is attached by the policyholder.

This coverage requires a sales receipt to determine the Rating Base.

Total Loss Replacement coverage is not available for personal watercraft.

 

[WOOSAB]

""Total Loss Replacement coverage is available for new boats up to one model year old. If a total loss occurs, this coverage replaces the current boat with a new boat that is, to the greatest extent possible""

To me this reads if you have a new boat or a boat a year old they will replace it with a new boat of the exact same make and model.. I would watch out for this part of it though
**If such a boat is not available, a comparative boat that is five model years old or less will be substituted. **


For the 2nd half "
For boats more than five model years old, the Rating Base is paid, which must be increased if additional equipment that increases the boat's value is attached by the policyholder"

this means the blue book value. So once your boat is past a year old i believe they only pay you the blue book value. If your boat is whith in 1 year they will replace it for a new one.. I'd ask your insurance agent to be 100% clear... But i have never heard of a policy that will replace your boat 3 ,5, 7 ect years after purchase for the original price you paid..

 

[RFoster130]

Mine is insured for $9000 and it is worth way less by NADA. You need to insure it for an agreed value not actual value.

 

[fearthisinc]

Well I am reading more on their site and it says if declared a total loss within the first 5 years they pay for the newest model available.. So they have to replace with brand new boat if within first 5 years.. The 1 year old model year thing was just sayign that it can only be 1 model year old to qualify for this protection.. so if i were to buy a brand new 08 they wouldnt let me insure it with replacement option since the 09 and 10's are out... once its 5 years old they say they go to rating base but i was readyign that the purchase reciept can serve as the rating base since i opted for the replacement/purchase price coverage.. i will have to call and double check but i believe im fully covered where they have to give me a new boat within first 5 years and after that they just pay whatever the purchase price was... but like i said i will double check..

 

[ProbeGT]

The 220HP speedster drinks about 24gal/hr WOT

When I use it, it burns about 30 gallons for an afternoon. (some 5-10 minutes WOT, some skiing, some tubing, cruising 40-45MPH) so a big average on NORMAL use of the boat will be 40 to 50% of its WOT consumption. (unless you're always WOT)

acutally, skiing and tubing uses a lot less gas than cruising because i go only 30-35MPH.

A prop boat will be defenetly easier on gas, but still it depends on what boat you buy. Even a 18ft 4.3 V6 prop boat won't be as quick as my speedster. and the 4 cylinders 140HP are also slower. Then, if you go 5.0 of 5.7, it'll be about the same as you small jetboat. But the boat itself will be bigger but probably not faster, but you'll have enough power to pull skiier or tuber as fast as they want. Not to mention, Jetboat = FUN, prop boat = Chicks rider

 

[Scott0321]

Cost of gas

I've got the 08 Speedster with twin 215's and in no way does it sip gas but I certainly don't burn it like others have posted.

We spent 4 full days on Lake Huron and did some cruising, tubing and just plain beating the hell out of it and I only used about half tank. You would have to drive it like you stole it to rack up the expenses noted earlier.

The extra maintenance for the supercharged engines needs to be accounted for as well. Two of everything when it comes to that. I had prepared and factored that into my decision when i got.

Much like you new was easier for me. I knew exactly what I was getting and didn't have to be concerned about how did what and when. Basically no one to blame but myself.

 

[Dr Honda]

I've got the 08 Speedster with twin 215's and in no way does it sip gas but I certainly don't burn it like others have posted.

You are kind of right. The numbers I posted are for WOT. Pulling the throttle back to 75% power will drop fuel consumption by 30%... and only drop your speed by a few MPH. Most people don't hold it wide open for more than a few minutes.

I can normally go out for a day, and only burn half a tank. But... on the fathers day post I made... I was going from point "A" to point "B" on the rivers in Pittsburgh... and I burnt an entire tank in just a few hours because of the high throttle settings for extended periods of time.

Basically, if I'm driving my boat like its a big jetski... I burn less fuel than when I using it for destination travel.

 

[RFoster130]

You are kind of right. The numbers I posted are for WOT. Pulling the throttle back to 75% power will drop fuel consumption by 30%... and only drop your speed by a few MPH. Most people don't hold it wide open for more than a few minutes.

I can normally go out for a day, and only burn half a tank. But... on the fathers day post I made... I was going from point "A" to point "B" on the rivers in Pittsburgh... and I burnt an entire tank in just a few hours because of the high throttle settings for extended periods of time.

Basically, if I'm driving my boat like its a big jetski... I burn less fuel than when I using it for destination travel.

Definitely true. The weekend I spent $250, we made several trips across a big lake to get to the "party area". It was about 20 minutes 1 way at WOT.

 

[WOOSAB]

Mine is insured for $9000 and it is worth way less by NADA. You need to insure it for an agreed value not actual value.

This i have heard of and this is true. Agreed value will normally cost you a little more but is worth it in the even something happens. Even agreed value they will only let you go so much over the book value.. The other one we were discussing you might be right where they replace the boat for exactly what you paid for i am njust not familure with it..

 

[cmspeer]

I can speak with certainty on the progressive issue. I am undergoing a claim currently. (See me thread about boat in flames)

When I spoke with the Claims Rep, she specifically said, "I see you have the guaranteed replacement option. If your boat is declared a total loss we'll either cut you a check for $xx,xxx (My replacement price, which is what i paid for the boat) or you would work with our department that purchases you a new boat. Your choice."

 

[WOOSAB]

I can speak with certainty on the progressive issue. I am undergoing a claim currently. (See me thread about boat in flames)

When I spoke with the Claims Rep, she specifically said, "I see you have the guaranteed replacement option. If your boat is declared a total loss we'll either cut you a check for $xx,xxx (My replacement price, which is what i paid for the boat) or you would work with our department that purchases you a new boat. Your choice."

IF this is the csae everyone needs to swith to your insurance company!!! Which company are you with again? Was it progressive

 

[cmspeer]

Yes, Progressive. As noted near the top, it has to be 1 yr old or newer at the time of insuring. But my boat is now 3 years old. I also have disappearin deductibles. The deductible goes down by 25% every year. So I am down to a 250 deductible now after starting at $1000. Probably going to go back up now that I have a claim, but oh well. That's what we have insurance for. I have a 2007 Challenger 180 and I pay right around $500 a year.

 

[timeman]

I have a s/c i/c 06 215 challenger, fuel consumption has everything to do with how you drive it, we do a mix of casual cruising, a little WFO full throttle wake crossings, and pull tubes and or skiers, usually a half day on the lake, results in about a half tank of fuel usage, not too shabby where I come from.
I took my boat in at 100 hrs to have the ceramic washers replaced with S/S cost at about $300, while they had it down, they said the clutch washers were bad, ran me another 90 bucks, so again, maintenance costs may depend heavily on where you get your maintenance, but I have had prop boats with all kinds of out-drive issues that ran far more than that, so I wouldn't put a bad rap solely on jet drives for being too costly...
BTW...Here in AZ my bill to Progressive for a $500 deductible policy runs $300 bucks a year, of course, I am an old guy, (at least chronologically), still like to go fast though!
Happy boating

 

[RFoster130]

Just to be fair, I took the bout out yesterday and treated it like a family would. Normally I drive it like I stole it and burn up gas. We were out 4 hours and used it for some tubing and crusiing around. We did some full speed passes around, but for hte most part we just hung out and swam a bunch. I only used 15 gallons of gas with 2 motors. So it isnt always a $200 gas bill.

 

[ksw144]

The amount of fuel used can vary a ton. I drove 71 miles, averaged probably 75% throttle, and took all day with stops along the way at Lake Shasta last week. I only used 13 gallons with a 657X Sportster (single engine). Friends with a brand new 4tec 255 boat used around 16-18 gallons I think.

I primarily use my boat as a means to getting to a place to lay in the sun, drink beer, and listen to music. I can use 3 gallons all day sometimes, since I spend a lot of time floating.

2-4 hours of cruising in these boats is a long time in my opinion. Hard to picture people actually drive on the upper end of that in a day.

My two, nearly worthless, pennies.

KW