BoatCostReal ownership math

New Jersey · Personal watercraft

What does a personal watercraft cost in New Jersey?

Planning defaults for New Jersey: wet slip about $30/ft/month, 7 months in the water, gasoline around $3.40/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

$342

$257 per outing

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

Fixed

$2,561/yr

$213/mo

Variable

$1,548/yr

Fuel + maintenance

Year-5 equity

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

Principal & interest$1,888/yr
Insurance$371/yr
Slip / storage$250/yr
Winterization$0/yr
Registration$52/yr
Fuel$588/yr
Maintenance$960/yr
Annual total$4,109/yr

Cruise burn 5.8 gph at $3.40/gal. SFC estimate, not a sea trial.

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Questions

How much is a personal watercraft in New Jersey?
This page starts from a 11-foot personal watercraft at $16,000 with New Jersey slip, insurance, and fuel defaults. Change the price to match a listing.
Do I need a wet slip in New Jersey?
New Jersey is modeled with 7 months in the water. Wet-slip cost uses $30/ft/month.
Is insurance different here?
The insurance estimate is a percentage of price times a New Jersey multiplier of 1.16. Replace it with a local quote when you have one.

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