How much does it cost to maintain a boat per year?
Proper boat maintenance and timely repairs help prevent costly damages down the road. However, it’s essential to budget for both routine upkeep and surprise expenses when shopping for a boat. As a base rule of thumb, you should plan to spend around $3,000 a year for maintenance and repairs. I’m sure most of us have heard of the 10% rule: a boat costs about 10% of the purchase price to maintain per year. It’s usually said in the context of used boats, and it rings true to me. There’s another rule thrown around which suggests 2% of the price when new is the rule.