Boat Rentals

[jdc1]

Man, I can't believe what they are asking for a boat rental. I should have kept my old boat and rented it out. Evidently they are more precious than a house. $350/day and up. Forget about a house boat.....

[afidel]

azdryheat wrote:
My daughter rented a RZR side-by-side 4-seater in Utah for over $400 for a 12 hour period. That's a concession to get into.

After seeing the number of Razers that Winder towing pulls out of the dunes completely busted to pieces I'm not sure I'd want to be in that business!

[JAC1982]

Others beat me to it, but I was going to say, you think that's a lot, go check out what it costs to rent a side by side or even a quad. And a 4 seat RZR costs about 1/4 to 1/3 what a decent lower end ski/wakeboard boat costs new.

[mdcamping]

supply & demand, no traveling except for the Rvers! 😉 If we were not into kayaking or biking this would be a good time to unload our toys.. I guess the same could be said about our TT

Lots of liability renting a boat, wouldn't want to deal with it

Mike

[valhalla360]

Lantley wrote:

rexlion wrote:
Definition of a boat: a hole in the water that you pour money into. 😉

I guess that makes an RV a hole in the ground

Sort of but on a much lower level.

A basic 35ft RV might run $35-50k

A basic 35ft boat will run somewhere on the order of $150-250k (no I'm not talking about a high end gold plater, those are much more expensive)

[Lantley]

rexlion wrote:
Definition of a boat: a hole in the water that you pour money into. 😉

I guess that makes an RV a hole in the ground

[rexlion]

Definition of a boat: a hole in the water that you pour money into. 😉

[valhalla360]

jdc1 wrote:
$50,000 for a boat?!!!!! I use to ask my grand children, ages 9 and 11 then, what the difference between my boat and that $30,000 boat was. They, without hesitation, would say "$25,000". LOL. They knew it was a waste of money even at that age.

It's insane to buy new boats (or RV's for that matter). But yeah, your basic ski boat can easily run $50k and if you want to do rentals, a beat up 10yr old boat isn't going to cut it.

Now if you are out on the water every weekend, makes far more sense to buy a used boat in good condition at a fraction of the price.

But if you do it once or twice a year, it makes sense to pay the inflated rental prices and you will come out far cheaper without the hassle of storing and maintaining it.

If boats bother you go look at side-by-sides and other off road toys...it's easy for them to hit $20k. How do you think those hold up when people beat the tar out of them in a rental business?...well, that damage comes out in the rental price.

[jdc1]

$50,000 for a boat?!!!!! I use to ask my grand children, ages 9 and 11 then, what the difference between my boat and that $30,000 boat was. They, without hesitation, would say "$25,000". LOL. They knew it was a waste of money even at that age.

[valhalla360]

What kind of boat?

A little aluminum open boat with a 9.9hp outboard...yeah, that's excessive.

Something like a ski boat...add up the numbers:
- $50,000 purchase price
- Insurance? Thru the roof to hand it over to some random yahoo.
- Damage on a regular basis as they beat it up because it's not theirs and they don't know what they are doing.
- 5yrs and it's considered too old and they have to sell if for $10,000.
- Season only lasts 4-6months and rentals are mostly on weekends.
- They have to cover the cost of a slip and winter storage (say $3,000/yr) plus maintain an office and advertisment.

So just to amoritize the $40,000 in depreciation in 5yrs will be around $750/month. $1500/month during a 6 month season...If the boat rents an average of 6 days per month in season, that's $250/rental day just to cover amortization...add all other expenses plus a reasonable profit margin and $350 is a bargain.

[Old-Biscuit]

Back in 1995 a buddy had a ski boat...he always joked it cost him $250 just to hitch it up to his truck.

Rental pricing is based on Location and demand
Just like Real Estate. Location, location, location

[dedmiston]

azdryheat wrote:
My daughter rented a RZR side-by-side 4-seater in Utah for over $400 for a 12 hour period. That's a concession to get into.

Four seaters cost double that in California. It's insane.

[azdryheat]

My daughter rented a RZR side-by-side 4-seater in Utah for over $400 for a 12 hour period. That's a concession to get into.

[KD4UPL]

$350 a day is about right here in VA for a ski boat. I don't know if it's high or not as I haven't compared it around. I've got my own boat so I don't rent.
$40? Really? What kind of boat is that? I'm guessing a little john boat or a pontoon with a 40 HP engine or something?

[Lantley]

I used to consider a rental expensive, until I considered what it would cost to tow a borrowed (free) boat boat to the lake.
I would have to drive a 2nd car. Get the trailer ready, pack bearing etc.
Then I 'd have to pay to launch the boat and take the time to do it.
In the end it was much easier to just show up at the dock get on a rental boat and drive off vs. the challenges and expenses of towing my boat 6 hours round trip.
I agree renting a boat is expensive but there is a convenience factor to consider that makes renting tolerable.
For me renting has significant advantages vs. towing a boat from home.