Let’s do some math.
When we take the real costs of owning a boat and put it into a spreadsheet next to the cost of PYC Membership, there’s really no comparison. Here, we’ve taken a conservative look at owning a 35′ yacht in Newport Harbor vs. PYC Membership, and it’s blown their ships out of the water. What’s even more impressive, is that these figures are for only one boat, and as a PYC Member, you get three to choose from for the price of one.
Slip Rental– Newport Beach (35’ x $30/ft) Insurance P & L and Hull ($150,000 x .05) Property Tax ($150,000 x 1% = $1500) Maintenance 5% a year estimate Yacht Wash down & Cleaning Bottom Cleaning Payments ($100,000 loan @ 3% for 10 years) Totals Total Paid over 36 Months as Owner $1,050 $ 625 $ 125 $ 625 $ 100 $ 50 $ 966 $ 3,541 $12,600 $ 7,500 $ 1,500 $ 7,500 $ 1,200 $ 600 $ 11,592 $ 42,492 $ 127,4763 Year Cost of Owning a Boat
Per Month
Per year
3 Year Cost of Pacific Yachting Club
Monthly Dues ($590/mo x 36 mo)
Total Paid over 36 Months as PYC Member
$ 21,240
$ 27,140