Do you dream of sailing over the horizon in your own sailboat? If so, one of the biggest questions you probably have is, How much is the boat?
In this episode, we break down the cost of our Tartan 37, going into the buying process, closing expenses and transaction costs in detail. We talk about how we prepared financially for making the transition to cruising life, by paying off all debts (student loans), acquiring passive income streams, and saving for the boat itself. We discuss the upgrades we made before we left the dock, and detail the cost of each upgrade.
How did we manage to stick to (well, very close, anyway!) our budget? A handful of fancy spreadsheets! (Links below) These financial tools we developed were incredibly helpful in taking the guesswork out of the boat buying process. They help answer questions like:
- Is the boat I’m interested in priced fairly?
- What should my offer price be?
- How much will the upgrades cost?
- Should I pay cash or finance a boat?
Even after setting our goal of buying a cruising sailboat 10 years ago, we took a long wandering path through a series of wrong turns to get to where we are now. Our aim with this video is to arm you with a set of tools to help you navigate your boat buying experience like a pro.
Hope you enjoy!
Lauren & Kirk
P.S. If you’d like more Sailing Soulianis content or would like to support our video production, consider becoming a patron here: https://www.patreon.com/sailingsoulianis
LEARN FROM OUR EXPERIENCE:
How to Buy the Right Sailboat for You
How Much Does it Cost to Buy a Bluewater Sailboat?
Boat Buying Dashboard
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