BoatCostReal ownership math

Florida · Personal watercraft

What does a personal watercraft cost in Florida?

Planning defaults for Florida: wet slip about $32/ft/month, 12 months in the water, gasoline around $3.20/gal. 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

$345

$259 per outing

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

Fixed

$2,630/yr

$219/mo

Variable

$1,514/yr

Fuel + maintenance

Year-5 equity

Estimated value $8,923 vs loan balance $7,705.

Principal & interest$1,888/yr
Insurance$464/yr
Slip / storage$250/yr
Winterization$0/yr
Registration$28/yr
Fuel$554/yr
Maintenance$960/yr
Annual total$4,144/yr

Cruise burn 5.8 gph at $3.20/gal. SFC estimate, not a sea trial.

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Questions

How much is a personal watercraft in Florida?
This page starts from a 11-foot personal watercraft at $16,000 with Florida slip, insurance, and fuel defaults. Change the price to match a listing.
Do I need a wet slip in Florida?
Florida is modeled with 12 months in the water. Wet-slip cost uses $32/ft/month.
Is insurance different here?
The insurance estimate is a percentage of price times a Florida multiplier of 1.45. Replace it with a local quote when you have one.

Other boats in Florida

Personal watercraft cost in other states