I have been told that as a rule of thumb, I should allow 20% of the purchase price, per annum, for the maintenance costs of my intended boat. Is this right? It seems a high amount. The boat I am looking at is a 20 year old Nauticat priced at £235,000. Does that mean it will cost me £47,000 a year in maintenance? If so, I need to look at a much cheaper boat!!!
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