Boat Clubs on Lake Wylie VS. Daily Rentals on Lake Wylie
Mar 31, 2019

Boat Clubs on Lake Wylie VS. Daily Rentals on Lake Wylie

Share This Post

Mar 31, 2019

People ask us all the time if they can sign up for a membership program since our boats are so new and so nice. We are only a daily rental outfit and do not offer memberships…. And here is why.

Most boat memberships charge a large “joining fee” and then monthly dues year around. You can’t sign up in May and cancel in August.

If you are the type of person that uses a boat 3+ times week, a boat club membership might make sense over buying a boat. Or does it?

Generally speaking, if you take care of your boat, you can sell it for not a huge loss. So, when you buy a boat, you need to consider that it’s “cost” is really the difference in what you bought it for and what you sold it for (plus maintenance, {membership clubs push the fact you don’t have to pay for maintenance but you do pay for fuel}).

Lets say you bought a $30,000 boat. You keep it for 3 years. Sell the same boat 3 years later for $20,000. The boat only costs you $10,000. 

Now, your initial joining fee for a boat club is generally ~$5,000. Then on top of that you get to pay $250-$300 a month fee (another $3,000-$3,600 a year contractually). So far in year one your cost is already $8,000-$8,600. By the end of year two the damage is $11,000-$12,200. And so on and so forth.

For perspective: I live on the lake. I can walk to my boat in less than 30 steps from my back porch. I love the water. I live for it. So does my whole family! Even with that, with all that in my favor, I don’t go out on the lake once a week for a day on the water!

So, WHY PAY FOR SOMETHING YOU’LL NEVER USE THAT MUCH!? Pay for what you’re going to use with a daily rental.


Click here for current rates.



Leave a comment
More Posts