Why Buy a Boat when you can Join the Club and use a whole Fleet for much less?
The Economics of Freedom Boat Club Freedom Boat Club
vs.
Boat Purchase
Purchase Assumptions: $60,000 boat, 20% down payment required, 5.75% loan, 180 month term
Freedom Boat Club - Every day Plan
Purchase
One time entry fee: 1st season monthly dues (6 months): Slip fees: Cleaning supplies: Lines/fenders/anchor Planned maintenance: Insurance:
$4,500.00 $2,154.00 $0.00 $0.00 $0.00 $0.00 $0.00
Down Payment: 1st season of boat payments (6 months): Slip fees: Cleaning supplies: Lines/fenders/anchor: Planned maintenance (free 1st year) Insurance:
$12,000.00 $2,394.00 $2,875.00 $200.00 $250.00 $0.00 $500.00
Cost for 1st season (May through Oct.)
$6,654.00
Cost for 1st season (May through Oct.)
$18,219.00
2nd Season Costs: Winter and Season Monthly dues (12 months): Slip fees: Haul/Block/ Store/Launch: Bottom Paint: Shrink wrap: Winterize engine: Service lower unit: Winterize water system: Cleaning Supplies: Mildew preventer/fuel stabilizer: Remove and store batteries: Insurance: Sales tax on winter storage:
$4,308.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
2nd Season Costs: Winter and Season Boat payments: Slip fees: Haul/Block/Store/Launch Bottom Paint: Shrink wrap: Winterize engine: Service lower unit: Winterize water system: Cleaning Supplies: Mildew preventer/fuel stabilizer: Remove and store batteries: Insurance: Sales tax on winter storage:
$4,788.00 $2,875.00 $920.00 $600.00 $315.00 $200.00 $160.00 $75.00 $200.00 $30.00 $50.00 $500.00 $140.00
Cost of winter storage and 2nd Season:
$4,308.00
Cost of winter storage and 2nd Season:
$10,853.00
3rd Season Costs: Winter and Season Same as 2nd season above
$10,853.00 $10,853.00
vs.
vs.
3rd Season Costs: Winter and Season Monthly dues (12 months):
$4,308.00
Total 3rd season costs:
$4,308.00
vs.
Total 3rd season costs:
$15,270.00
vs.
Total cost after 3 boating seasons:
Total cost after 3 boating seasons: Balance owed on boat loan:
Cost to boat in FL/ TX/ CA over winter:
$0.00
FREE
$39,925.00
Balance owed on boat loan: Market value of boat: Cost to boat in FL/ TX/ CA over winter:
$42,574.44 $40,000.00 $300- $500 /day
* Analysis does not factor in inevitable unplanned maintenance expenses nor time to clean and wax and maintain boat
Join Freedom Boat Club and experience Great Fun and Great Value! www.freedomboatclub.com
Call us now to find out more: 516-699-8420