Making the Most of a Minimal Budget. Contact me at: skintsailor@yahoo.co.uk or on Twitter: @skintsailor

Saturday, 3 March 2018

Not only Small yachts are free

This ad just appeared on on of the Facebook Yachty Groups...

Shipman 28
FREE
Fareham
Unfinished project boat ashore undercover in Fareham, Hants. 7 year old sails but hardly used. Good mast with new haliards 7 years ago. Yanmar 1GM10 engine. Inside very tatty but she does sail nicely - tiller steering, like a big dinghy. I just don’t have the time to finish and sail her and she deserves better!
Class details here
FREE TO A GOOD HOME

If only I had the money.... which sounds counter-intuitive when talking about a free boat. But just keeping it on a cheap swinging mooring would cost about £700 for the year, insurance would be more expensive and usually requires a survey on something that size.

The cost of getting it into the water (at least £100 for a lift) and before that making it sea safe (changing the through-hulls and seacocks, plus yard fees for the time it takes to make good).... the list goes on.

So a free yacht can quite easily cost the thick end of £2000 just to get it on a mooring,let alone get it up to a decent standard. 

In the long term of course it's cheaper than buying a similar boat outright, but it's not for the Skint Sailor. Realistic goals are the best way to keep costs down. Letting your heart rule your head (like buying a 28ft project yacht) is a surefire way to loose a lot of money.


2 comments:

  1. That looks like a great little boat, clearly don't know what the condition of this one is.

    On the Insurance point, when we sailed to the Caribbean 2 handed the insurance premiums were horrible but out broker arranged 3rd party only cover which was peanuts and covered uss for clearance if wrecked and environmental pollution.

    Nice 28 footer on a mooring for sub £1000 a year year sounds almost too good to miss, can"t you get a syndicate together?

    ReplyDelete
  2. Nah, no syndicate, the main reason is all my mates are skinter than me. It was mainly an example of how even a free boat can end up costing thousands. This Skint Sailor lark is more about setting realistic and acheivable goals so the moneyless mariner can actually get out sailing, rather than pouring money into a shell on the hard that costs so much in fees it will never sail. When I searched for a boat I saw too many projects that were too much of a stretch for the previous owner and had been left. So I have a bee in my bonnet about it. So many people that could be out there sailing if only they had set realistic goals.

    ReplyDelete