BoatCostReal ownership math

Michigan · Center console

What does a center console cost in Michigan?

Planning defaults for Michigan: wet slip about $16/ft/month, 5 months in the water, gasoline around $3.30/gal, plus winterization. Most of this bill shows up whether you launch or not.

Boat
How you pay
Where you keep it
How you use it

All-in monthly

$2,394

$1,197 per outing

Most of this bill shows up whether you launch or not.

Fixed

$18,581/yr

$1,548/mo

Variable

$10,152/yr

Fuel + maintenance

Year-5 equity

Estimated value $66,922 vs loan balance $57,787.

Principal & interest$14,160/yr
Insurance$1,836/yr
Slip / storage$2,000/yr
Winterization$550/yr
Registration$35/yr
Fuel$4,152/yr
Maintenance$6,000/yr
Annual total$28,733/yr

Cruise burn 15.7 gph at $3.30/gal. SFC estimate, not a sea trial.

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Questions

How much is a center console in Michigan?
This page starts from a 25-foot center console at $120,000 with Michigan slip, insurance, and fuel defaults. Change the price to match a listing.
Do I need a wet slip in Michigan?
Michigan is modeled as a cold-climate state with about 5 months in the water and a winterization line. Trailering is often cheaper than a wet slip.
Is insurance different here?
The insurance estimate is a percentage of price times a Michigan multiplier of 1.02. Replace it with a local quote when you have one.

Other boats in Michigan

Center console cost in other states