Lakeside Marina & Resort Boaters Club
Cost of purchasing a boat (based on 20' boat purchased at $20,000 with 20% down payment)
Down Pament (20% of purchase price - first year only)
$4,000
Bank Payments (5 yrs. at 11% interest = $347.88/month)
$4,175
Dockage (20' boat at $85/ft.)
$1,700
Maintenance, winterizing, storage, supplies, upkeep, and license
$600
Insurance
$500
First Year Cost(depreciation & property tax not included)
$10,975
Cost of joining The Lake Marion Boater's Club
Down Payment $495
Annual Total (Membership plan) $2,000
Dockage $0
Maintenance, winterizing, storage, supplies, upkeep, and license $0
Insurance $0
Annual Cost of Membership $2,495