How do you compare owning, renting, and a club?

Owning is annual all-in cost times years, plus cash down (or the full price if the boat is paid for), minus estimated resale value. Renting is years × outings × (day rate + fuel). A club is initiation plus years × (dues + outings × club fuel).

What is breakeven days per year?

The outing count where owning costs the same as renting or a club over the comparison horizon. Use fewer days than that and renting or the club is cheaper in this model.

Own, rent, or join a club?

Same boat assumptions as the ownership calculator. Change the outing count and see who wins over five years.

Owning this boat is about $987/mo all-in. Over 5 years, residual value is estimated at $30,673.

Own

$39,536

net over 5 years

Rent

$53,000

net over 5 years

Club

$36,000

net over 5 years

Breakeven days per year

Own vs rent: 14.9 days/year
Own vs club: 37.7 days/year

Below those outing counts, renting or the club is cheaper over this horizon. Above them, owning wins in this model.

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Questions

How do you compare owning, renting, and a club?: Owning is annual all-in cost times years, plus cash down (or the full price if the boat is paid for), minus estimated resale value. Renting is years × outings × (day rate + fuel). A club is initiation plus years × (dues + outings × club fuel).
What is breakeven days per year?: The outing count where owning costs the same as renting or a club over the comparison horizon. Use fewer days than that and renting or the club is cheaper in this model.