rustbucket
Bronco Guru
- Joined
- Mar 22, 2004
- Messages
- 1,579
But then also I remember years ago as a teen watching some guy fill up his cabin cruiser with fuel. As the gas pump was rolling past 600 gallons I asked the guy "How much does it cost to fill that thing up?". Of course he says "Son, if you have to ask, you can't afford it.".
I was at a fueling dock once when I saw a guy refueling his 50ft + yacht. Brand new boat. As we were watching him fill up, we noticed severe distress as the dollar figure passed 5,000. I'm guessing he had no idea how much these boats cost to fill, and this was probably his first trip.
Another time, one of my colleagues customers came in and got a loan on a new cigarette boat. After he took delivery, he made one high speed run around Lake Washington, and promptly put the boat up for sale after refilling. He somehow could afford to buy the boat, but not put fuel in it. Not to mention maintenance! Rule of thumb is that a boat needs about 10% of purchase price in annual operating costs. Buy a $1,000,000 boat, and expect $100,000 to go down the drain annually!