Ownership Comparison
The economics of a Club Membership versus owning are quite compelling. People who have ownership experience know this well enough, but those who have never owned a boat are often surprised at how quickly costs add up.
Ownership Vs. Membership Comparison
| Ownership | Ultimate Boat Clubs | |
|---|---|---|
| Boat Loan Payment, $60,000, 5yr, 8% | $15,027 | $0 |
| Spring/Fall Service | $1,300 | $0 |
| Winter Storage | $1,250 | $0 |
| Slip Rental - 24ft at $130 | $3,120 | $0 |
| Wash/Wax | $300 | $0 |
| Repairs | $300 | $0 |
| Insurance | $1,000 | $0 |
| Misc equip such as life vest, GPS, flares | $150 | $0 |
| Ultimate Membership | $0 | $5000 |
| Annual Cost | $25,000 | $0 |
| 5 Year Cost | $125,000 | $25,000 |
| Proceeds from Sale of Boat | $30,000 | $0 |
| Effective Total Cost | $82,235 | $25,000 |
| Effective Annual Cost | $16,447 | $5000 |
Other Advantages
- Membership does not affect your credit score, debt ratio, or buying power - a boat loan does.
- For less than the cost of purchasing just one boat, you can get virtually unlimited use of many from our luxurious fleet.
- Average annual cost equal to the cost of slip space and winter storage for one year
- In the future you will continue to benefit as we continue to build our fleet and locations to serve our members!