Cost to Own/Operate our Hatteras Yacht - 2021 Edition E155
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- čas přidán 13. 07. 2024
- We break down the ownership costs of our Hatteras 58 Motor Yacht. We also go over the costs of our 3500 mile trip from Philadelphia to the Bahamas, and back again.
We also compare the difference between this trip and the one we did in 2019.
I honestly think that for those of us on this type of journey, your videos and transparency are beyond amazing. Really appreciate it guys.
Yes so true and I am so thankful.
We appreciate that! We try to post info that we wish we had when we were starting out.
I will continue to live vicariously through this channel. Your expenses are just shy of my entire net pay for 2021.
Same here. They are so lucky. My wife and I are working 4 jobs now to barely stay above water. Zero spend on non essentials. Sad!
I always get excited for these videos.
Totally agree, basing yourself south and removing that whole transit tour. Going to be excited to see next years.
That's the plan. Hopefully it works out.
Appreciate your transparency and willingness to share very much. And congrats on not having a major repair in 2021....here's hoping that 2022 is just as good!
Thanks. We are happy you liked the video. We try to be a s transparent as possible.
Congrats on making it this far. I look forward to the tales of your new adventures to foreign lands.
Thank you! Us too!
Love how you use real numbers and real experiences both expected and unexpected. So glad you can live with those numbers even though they give me a heart attack. Safe travels on your upcoming trip wishing you all the best.
We are glad you like the videos. We try to be as transparent as possible.
Looking forward to your travels. Very entertaining!
Thanks for watching!
Very informative! Having the scene from The Jerk in the beginning was hysterical!
Glad you enjoyed it!
Very informative video. Thanks for sharing. Loved the Julia Childs bit at the end. Great job Lynn!
Glad you liked the video. Lyn does do a good Julia Child.
Four years already, I guess we are old friends now. Looking forward to your next adventure.
We are on our way now!
Good stuff 👍👍 can't wait for your journey this year 🙂 have a great night 👻🙋
Me too!!
Thank you very much for this video. Very helpful. I Enjoy your videos.
You are very welcome
South sounds great, the cooking tip at the end was a real bonus. 👌 2x👍
Glad you enjoyed it!
New England is Nice, too. Love your shows !
We have been up as far as Martha's Vineyards on a boat. Thanks for watching!
Shel & Cyndi, the crew from Searching for C-Shels usually keep the C-Shel in Stuart, FL. Might be worth checking out, or reaching out to them to see what sort of costs are involved.
well done once again we all know what the word BOAT means but at least you have fun and enjoy it and doing it in style and at your leisure, look forward to the next adventure take care
Thanks 👍
Ed & Lyn, On your next trip you should consider a side trip up the Potomac to Washington DC's Capital Yacht Club on the DC waterfront...plenty of room on our transient Ts. We are moving our newly purchased 1985 Hatteras north from Manteo, NC to our slip at CYC in early May. Switching from a Searay to a Hatteras, I learned a lot from your videos.
We have considered that. One day. We are glad you find the videos helpful.
You old dog you. Love your work. I'm right behind ya, coming to live my dream soon
One of the best decisions we ever made!
Love your videos .
Glad you like them!
Consider Deltaville Yacht Center, Deltaville, VA for your extended stay. No hurricanes and you can't imagine the personal service.
On the W. Coast of Florida, the Safe Harbour Marinas in Bradenton and St. Petersburg are worth investigating. I believe they are accessible through Dockwa. Also, Bradenton Beach Marina might work for you. They might be a little farther north than you are interested in traveling. The St. Petersburg marina might be an extremely "safe harbor" during hurricane season.
My husband and I are investigating trading our 44' monohull sailboat for a motor yacht, then sailing her to the Pacific coast of Panama and living aboard. Thanks for sharing your adventures. They will be extremely helpful to us!
Great details, Not cheap!
Love watching y’all’s videos! Have you ever considered Tampa,FL as a base to keep the boat this year? That’s where I live and there a few marinas around here or St. Petersburg, Sarasota, Naples,etc.. would be awesome towery you sometime 🤙🏼
If you want to be in central Florida, Halifax Marina is beautiful with lots of restaurants and bars within walking distance.
Hopefully it’ll drop…. Best ever told on this channel!
I can dream!
Thank you for letting her stay with FAMILY
Wish she could have come with us. We have family staying at our house while we are gone so she is in a familiar environment.
Great video and very timely. We are planning a 3 month cruise from Buffalo to the Chesapekae and back. We don't anchor out much so Im calculating about 30K for the whole cruise. We seem to be in the the same ballpark but you made it all the way to the Bahamas!
Glad it was helpful! There are many great places to visit on the Chesapeake. We are headed there this coming weekend.
You saved quite a bit on maintenance from last year’s budget. Fuel is a killer, but if you dock down south and don’t have to sail all those nautical miles south, you can probably do all of your traveling in the Caribbean for the same fuel costs or less. Try the marinas in Stewart. There are a few there that are around the same monthly as what you are paying in Philly, and they have nice amenities.
Great video!
Thanks!
I keep my boat in harbor town maria in Cape Canaveral FL and love it good location
Very informative to see the budgeting and expenses. Fuel prices are a REAL problem this year, for everyone, even those without boats! Adding to the cost of everything.. a real shame.
Too bad your bird won’t be going with you, although your chair cushion budget will probably improve haha. If you get homesick for bird fun, a YT channel I like is Tico and the Man with Frank, a guy in Florida and their parrot who sings while Frank plays the guitar…. Total fun bird entertainment.
I thought for sure, perhaps after the drink reviews there might have been space for a Roger Out from Lyn in there… but no…. :-( I’ll have to wait for next time….
And the Julia Child tribute at the end.. awesome!
Thanks. We're glad you enjoyed the video. Lyn does a good Julia Childs. We're just trying to find interesting ways to say, "like, subscribe, ring the bell, be a Patreon."
Lynn you are looking absolutely lovely.
Again, great information...thank you. Hearing all the horror stories about of boat insurance made me start a new career in the boat/yacht insurance niche so I can minimize that expense when our time comes in a couple years. I've learned a lot and have been helping all I can lower their yearly premiums/costs...if you have any questions or want yours shopped with our carriers...let me know. Glad to help! Cheers!
Ours dropped by $2k this year, for no apparent reason. We recently renewed. When the time comes that they want us to do a new survey we will be shopping it around.
@@tryingnottosink9107 by all means, would love to be able to say I'm your agent as we watch the videos...lol. there are only a select few carriers that write yachts, it's who gets to who first gets the quote from that carrier. Either way, all good, hope yall stay safe and next time yall get to Florida would love to hook up for a beer. [Cocoa, Melbourne area].
@@YachtInsuranceGuyFLI would like to talk to you about insurance for a Hatteras.
We are finally new boat owners. Talking about a side trip off the loop to the Bahamas in 2024/25. My only concern is if we get to the Bahamas we may not come back. 😂😂
We feel that way every time we go to the Bahamas!
WOW, YOU GUYS KNOW HOW TO HAVE A GOOD TIME ‼️🛳 LIKE YOUR STYLE ‼️ GO BIG OR GO HOME ‼️ Vinny 🇺🇸
Thanks, and thanks for watching!
cheers - missouri
Wow! I could never afford to own a boat. You must have done very well financially.
Awesome
Thanks!
Always enjoy your videos and adventures. Good idea to lodge your boat elsewhere as fuel cost will be prohibitive next time you travel great distances, unfortunately. Perhaps someone who has a home slip will call you. That would be cheaper than a marina and the home owner can protect your boat. Perhaps you should advertise for a home slip in the local Florida (or island) newspapers.
We are still deciding what we are going to do. There are web sites for privates slips.
Oh I I'm having second thoughts on who needs the straight Jacket now after seeing the end of this Awesome Vlog haa haaa Maybe Capt. need buy 2 l0ol
Plus a spare, just in case!
In South Florida I recommend Safe Harbor North Palm Beach Marina. The marina is very well protected.
Thanks. We'll check it out.
A marina u might want to check out in Puerto Rico is Marina Del Ray I believe! If you go watch the channel sailing doodles from this year, he does a bunch of sailing around there in Puerto Rico and the surrounding areas and that could give you some damn good places to go visit while your down there! Just a suggestion. Can’t wait to see this years videos and safe travels!!!
We called and they told us the waiting list is almost one year. Still looking but we may end up back in Florida.
Thanks for the info. WOW. Sounds like this might be your last time passing Southport NC for some time so please let us know when you are passing by safe harbor south harbor village. Safe travels just remember it’s always a pirate’s life. 🏴☠️🏴☠️
We will be posting our schedule, probably tomorrow or Thursday.
Lekker man lekker 🇿🇦
I find your videos intriguing. Do you guys live permanently on the Hatteras and do you winterize the boat for winter.
This summer I'm taking care of my dad. Next year, I want to deck hand for you
We keep our yacht in Stuart also at Harborage yacht club...liveaboard status available...Searching for C-Shels also stays there...and if you want Can tellvyou a better insurance broker to save u money as Boat US / Geico are a mess anymore for yachts over 50ft as they are cancelling policies...
have a blast, love your videos. How many hours are are on the engines and how many hours between overhauls? Thanks
Around 3500 hours. Never been overhauled and run a great right now. If they ever need it we would home to have electric engines available by then.
I'm not sure how much you'll want to anchor out on the run from Georgetown to USVI altho' it was always our choice. Departing G'Town, consider the new marina at Pittsdown Point, NW corner of Crooked Is. Consider arrival time as you'll want sun overhead or need pilotage. You'll next be attracted to Turtle Cove on the N side of Provo T&C, altho' the anchorage on the SW side at Sapodilla Bay (W of Sapodilla Hill) is very nice. There's lots more. Do you have a copy of Passages South by Bruce Van Sant? If you want to work your way SE against the trades, seeing the sights along the way, you really need to start with Passages South. The latest addition is a decade old but very little changes in most of the Caribbean. And do give some thought to the passgemaking. There are a lot of uphill miles and open roadstead anchorages along that route before you get to the eastern chain. Lastly, I suggest you give some thought to ways you will get your weather info (and how to use it). That tends to be a new experience for boaters that leave Great Exuma. Setting up a Sailmail account and downloading GRIBs and text f'casts is one common solution if you have a HF transceiver. VHF & the internet will only occasionally satisfy your needs. Good luck to you.
Thank you for all the helpful information. We'll research your suggestions. Right now we are having difficulty finding a marina that can take a boat our size and haul it out if a hurricane comes. So far we have just found waiting lists, so we may not make it there this year. We'll see. Yes, we do have "Passages South." Sorry for the late response. You Tube is terrible at organizing messages and things often get buried. Ed
@@tryingnottosink9107 Ed, I don't mean to sound pessimistic but hauling the boat to avoid tropical storm damage is not a guarantee. It's better than remaining afloat if you plan to leave the boat and fly home...but even so, yards vary in their attention to detail, location, etc. We had to deal with a hurricane while outside Port of Spain in Trinidad and the best option was to go up the main VZ river near there and put down multiple anchors. As you two will already well know, your best single option is to verify full tropical storm damage coverage with your insurer and then hope for a total loss.
Are you able to quantify or monetize the fuel savings of the solar/battery system? Lots of variables this year!
The 2 happiest days in your boating life… you know the rest
Maybe think of Demopolis Alabama (up on the Tenn-Tom) or an equal distance up the Mississippi as a "Summer Berthing area" (for insurance purposes). That should cut about 1/2 to 2/3rds of the distance coming from Philly, even accounting for going around Key West. The insurance cost is a concern for me, I have SOME experience (not documented unfortunately) with blue and brown water sailing and some power boating, but nothing recent unfortunately except with a 17' SportsPal canoe LOL
I'll have to look that up. Never considered that area.
The 10% rule is in line with costs plus cruising….Right in line……
i'm no expert on Bourbon but if you are into Scotch Single Malts then i'm in 🥃🥃 Islay is known for a few of the real smokey whiskeys, Laphroag, Ardbeg and Bruch Laddich being my favourites! Wine could be a long conversation too, there's a lot of noise around wine, but I find it is just a case of if you like it, buy it! Yes it helps to know what will probably go with what, but at the end of the day, all the swirling and spitting is just for show. Just enjoy it with your fish, steak, cheese whatever🍷🍷 I remember you had a nice Pinot Noir, i would raise a glass of that with some mongolian lamb and ........ Sorry I forgot this is a boat channel😎😎
We feel exactly the same way about wine. We both prefer dry reds and it doesn't matter what we are eating, that is what we like. And the difference between a $15 bottle and a $75 bottle is not usually worth the price. At least that is what I tell Lyn, since she goes through several bottle a week!
@@tryingnottosink9107 Agree with the price not being worth it👍"Usually"!
May I suggest a well known TV guy and a not so well known tv guy from the UK, they go to the US and tour in an RV around all the Vineyards, top, middle and bottom league. The well known guy is a car journalist and the not so well known is a wine expert. They get intro's we would never get, but it is very entertaining and quite interesting too for us wine lovers!
Here's alink should you want to have a look!
But be warned, they are addictive viewing!
A bit like the product they are drinking
🍷🍷🍷🍷
czcams.com/video/usQXvc5i0g8/video.html
ck out Fajardo PR. Big marina . Good location for going south. Also can visit the Spanish Virgin Islands.
We checked with Puerto Del Rey and they have a year long waiting list.
Ha, the accountant in you probably looks forward to this video every year 😎 Curious as to if you are still happy with the boat or are you looking to get something bigger/newer/longer/fancier at some point?
We are very happy with the boat. Unless Lyn agrees to sell our land house, it is unlikely that we would move up to something bigger and fancier. It is more likely that we would keep improving this one.
Again I absolutely love your videos and your experiences it's going to be so sad running that boat now with the current Administration fuel prices more than doubling when frankly it didn't have to and frankly I'm waiting to see the repercussions in the voting industry as a whole as a result of what happened a year ago when the administration changed. Things are still strong now because there's a lot of PPP money still floating around but the stock market is incredibly unstable interest rates are going up and we are at the tip of the iceberg I'm sure you will be able to weather it out the 53 through 58 Hatteras has have an incredible following of loyal owners and people who respect that boat. Will you be going to the British for tonightlands I have done a couple Charters down there and it's absolutely beautiful
Eventually we'll get the the BVIs.
We think that Roger Out guy needs to start pulling his weight and share expenses with you guys....LoL.....stay safe, Tim and Cat
That would be very helpful. He seems to be around a lot!
Captain Ed, just a question- maintenance amortization is classified as a non-cash expense. Does that mean you spent that money on maintenance in previous years but you account for it over a period of time? I know, nerd question.
Yes. Some of the things we had done were preventative maintenance which will last a long time. It did not seem to make sense to consider that a one year expense since we are trying to track our costs over time.
Have you guys thought of buying some waterfront property to be able to dock your boat on your own property?
No, we like our current land house and could not afford another expensive property along with our boating expenses.
I often wonder whether an ICW waterfront home owner that doesn't have their own boat would lease out their pier/slip? It would be a good income for them and probably less expensive for you.
Some do. There are web sites where they advertise private slips.
send a message to Bobby on Sailin Doodles. He keeps his Hatteras in Puerto Rico also at a slip and dry docks it in hurricane season.
We called them and the waiting list is almost one year.
Hope you guys make it to Puerto Rico, would be cool to meet you! Any info you need, I'd love to help. My dad is a captain and has done the trip between FL and PR many times.
We are hoping to as well, but as of now we haven't found a marina that can take us and haul out for a hurricane.
@@tryingnottosink9107, I believe the only marina that does that, or that at least is more popular for it is Puerto del Rey in the East of the island. Maybe you checked and they were full. I know of another youtuber that purchased a Hatteras from my marina and hauled it there for the 2021 Hurricane season.
Good content thank you . I am looking at a 75 foot 40 year old Hatteras with a plan to island hop as you are planning. A lot of feedback I receive from owners are a 40 year old boat will have repairs and reliability that will be more expensive then buying a more expensive 20 year old Hatteras. So paying 1 mill vs 300k and your loan payments will be less then the repair amortization after factoring salvage value after maybe 5 years
So using your unique combination of accounting acumen and seaman ship can you provide some guidance
We considered that as well. Since we do many of the repairs ourselves, the numbers looked much better on the 40 year old boat. Keep in mind that almost nothing, besides the engines and generator, maybe a couple heads or AC units will actually be 40 years old. Boats have problems in 20 years, technology changes, etc., so many of the components have been changed and the issues are the same. We have had this boat for 5 years and have probably spent less than $15k on repairs. Most things that need to be done are regular maintenance issues, common to all boats (bottom jobs, stabilizer seals, shaft seals) and we have probably only spent $15K on that. It would take a long time for me to spend that extra $700K. In fact, I could replace both engines, the generator, all the AC units, all the heads, all the electronics, and have the boat painted, and still spend under $350K. As far as salvage vale, our boat is worth more now than it was when we bought it. As long as we maintain it, I do not believe this boat will ever depreciate. The only reason I would buy a new boat would be if I liked the style better.
Contact, SV Paquita channel, his name is Capt Tim, he is a tugboat captain that just moved his sailboat to Porto Rico and just started his new job there as a Tugboat Captain and he lives there as well, if anybody would know of a marina, he would be a great resorce.
Wine Cookies 🤣🤣🤣
As Momma use to say "it's just money" ;)
Can't take it with you!
Great info, view all your videos and wish you would have killed that piano bar music in the background it was hard for me to make out your words. thanks
Definitely have me thinking twice about getting a boat 😳
Perhaps you could make contact with fellow CZcamsr "TimB At Sea" who has just moved to Puerto Rico and has a boat there. He may have gained some local insight as to good marinas or slip locations?
Would be interested to see the booze bill. Thanks for the video.
I am afraid to calculate that one!
That's what I like about watching an accountant's CZcams cruising channel. He is so obsessive-compulsive that he keeps a spreadsheet of all the expenses, and reports on it annually, doing a year to year comparison.
Are you saying that, if you lived aboard in Philly all year round, it would only cost $21,155 per year (or $1,763 per month)? That's about what a decent one-bedroom apartment would cost in Philly, but, of course, it doesn't include the cost of heating a boat during a Philly winter, or missing the convenience of taking an elevator to your dwelling.
That's a bit like comparing apples to oranges. We are actually a 4 bedroom, 4 bathroom, waterfront condo with all utilities included, and the ability to move the condo to other waterfront locations when we get bored.
I would ad another 50000 for repairs antifouling and so on at least !
If not double
How much do you typically tip a dockhand ?
The average is probably around $10-12. It depends on what they do for us and how helpful they are.
Firstly, I must comment on the beauty of your live edge table, holding up well from my perspective, you saved gobs of 💰 on your DYI, go price one of those & 😫🤑👍. I was under the impression that as long as your pet and in particular your sweet gray, never touched 'foreign' soil it wasn't a problem provided they had a vet health card. Not so?, or is it a covid thing?
We have heard horror stories about be shaken down in Dominican Republic and did not want to take any chances that we did something wrong. If it was just Turks and Caicos, Puerto Rico and St Thomas, we would have taken her.
You’ll do the great loop every year??
We have never done it. Someday.
Cutless Bearing??
Yes!
Why don't you travel on the outside instead of the ICW you've been up & down so many times? Miami is only about 1K. from Pa.
We do. We prefer it, but often the weather doesn't cooperate.
as an accounting major, why are those costs amortized and not depreciated?
It's not a tax return, just a budget. If it were a return, and this was a business, yes, I would depreciate any improvements over their individual life span. The entire boat would be depreciated.
I have never heard you talk about your holding tanks more specifically gray water and waste. Are there services at the marinas?
Also, I had a neighbor who had big motor home. They wound up leaving it in Florida and flying down for their next trip.
Yes. Most marinas have pump-outs. Either at the slip or at the fuel dock. We only have a 100 gallon holding tank so we pump out frequently.
How many gallons of fuel do you burn each mile you travel?
1.3 gallons per mile.
How much do you write off…..
that comes out to 5 bucks a mile for fuel. Is that correct?
Yes. We get about 0.75 miles per gallon.
Why is Insurance so high? What’s the value you use?
Just $175K.
Oh my I seemed to have cut my arm, and I'm getting a little woosy, I remember when I was a little girl.... Remember this show ????
Cutlass Bearing or Strut Bearing
Cutlass. But it is in the strut. At least that is what I was told.
Cutlass Bearing
Yes, I remembered right after we finished the video.
Was that Julia Child at the end? 😝
Bon Appetit!
slip costs are really killing the game. must have house with free slip.
So are selling your house and leaving Pa for good??
No, we are keeping our land house. We are just tired of the long trip down and back. If we base the boat down south we can get further before we need to return to Pennsylvania.
Did you pay cash for the boat or did you finance part of it? Curious how older boat financing works. Thinking you probably went cash with it. Assuming you are treating the video blogging as a business.
We used cash. Not sure how financing would work. I suppose we would have opted for a home equity loan.
@@tryingnottosink9107 Sounds good. If you can't pay cash, you don't need it.
So about 1 K per week !
Sounds about right.
What's beeping?
Haha,i thought it was my smoke alarm.
The African Grey Parrot.
Easy, you need to make more money. There's always a way to make money!
can you live aboard where you're at?
Yes you can. However, we usually just spend 3 days a week.
Cutlass bearings
Yes. I remembered bearings but could not find the word "Cutlass."
Don't forget to post tentative itinerary.
Already did!
Music is distracting.
So eating out and booze. Add another 18k
That's about right.