BoatCostReal ownership math

Illinois · Personal watercraft

What does a personal watercraft cost in Illinois?

Planning defaults for Illinois: wet slip about $16/ft/month, 6 months in the water, gasoline around $3.35/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

$393

$295 per outing

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

Fixed

$3,174/yr

$265/mo

Variable

$1,539/yr

Fuel + maintenance

Year-5 equity

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

Principal & interest$1,888/yr
Insurance$320/yr
Slip / storage$500/yr
Winterization$438/yr
Registration$28/yr
Fuel$579/yr
Maintenance$960/yr
Annual total$4,714/yr

Cruise burn 5.8 gph at $3.35/gal. SFC estimate, not a sea trial.

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Questions

How much is a personal watercraft in Illinois?
This page starts from a 11-foot personal watercraft at $16,000 with Illinois slip, insurance, and fuel defaults. Change the price to match a listing.
Do I need a wet slip in Illinois?
Illinois is modeled as a cold-climate state with about 6 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 Illinois multiplier of 1. Replace it with a local quote when you have one.

Other boats in Illinois

Personal watercraft cost in other states