Value of a Boat Club
Whether you are an adventure seeker, can’t find slip space, new to boating, or looking for an affordable entry into boating, Lake Time Boat Club is right for you. Are you looking for a fun and relaxing way to spend your summer? The chart below shows how you can keep some extra cash in your pocket. What will you do with all of your extra savings!?
Lake Time Boat Club
Initial Capital Requirement
- One Time Entry Fee = Only $2,500!
Annual Expense
- Monthly options starting at $275
Membership Benefits
- Convenient, worry-free boating
- Diversified fleet of watercraft
- Unlimited usage
- Up to 4 reservations on the books at one time
- Advanced reservations
- Boat safety & training
- Free usage of ski vests & water toys including water mats, water skis, wakeboards, knee boards, & tubes
Owning a Boat ($30,000+)
Initial Capital Requirement
- 10% down payment = $3,000
- Outfitting (life jackets, ropes, anchor, water toys, etc) = $1,000
- Tax, Title, & Licensing = $2,100
- Trailer = $1,000
- Hoist = $10,000
- TOTAL = $17,100
Annual Expenses
- 10 yr loan @ 6% = $3,600
- Hoist vinyl on/off = $250
- Hoist delivery/pick-up = $350
- Hoist storage = $125
- Dock fee = $600
- Slip space = $2,000
- Boat storage = $750
- Winterize = $175
- Summerize = $100
- Insurance = $500
- TOTAL ANNUAL EXPENSES = $8,500 ($700/MONTH)
Other factors to consider
- Time & hassle spent cleaning and maintaining the boat (batteries, lights, bilge pump, prop, engine tune-ups, etc.)
- Time & hassle spent launching and loading the boat
Discover Boating thinks boat clubs are great too! Click here to see