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388 total cost of ownership

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Category: Hints & Tips
Forum Name: 385/388
Forum Description: 385/388 Hints, Tips and News
URL: https://www.myhanse.com/forum_posts.asp?TID=14667
Printed Date: 27 March 2026 at 03:51
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Topic: 388 total cost of ownership
Posted By: ForScience
Subject: 388 total cost of ownership
Date Posted: 08 June 2024 at 01:12
Cross-posting from the Chit-chat thread. Maybe this belongs here as the estimates are boat specific and I'm talking about 388s.

Hi Hanse-nauts. 

I've very close to purchasing a 2018 Hanse 388 wanted to estimate total yearly cost of ownership before repairs. 

Here's my calculator  https://docs.google.com/spreadsheets/d/1cftw1BEYg0ntrTBZqynytPo24hNGzP5WhvxtjTPVVIs/edit#gid=0" rel="nofollow - https://docs.google.com/spreadsheets/d/1cftw1BEYg0ntrTBZqynytPo24hNGzP5WhvxtjTPVVIs/edit#gid=0

It looks like 17k a year including a 2.5k club fee, before repairs. 

What is your with yearly cost of ownership? 
Are any of my numbers way off? 
Am I missing any cost sources?
What is a good range for yearly repairs on a 2018 Hanse?

Happy summer sailing!

Best, Adam



Replies:
Posted By: Dubs2021
Date Posted: 14 June 2024 at 21:25
Good analysis so far! Add in annualized cost of bottom cleaning and repainting, ~every 3 years. Costs have risen, but pre-2020 a bottom repaint probably cost $3-4000. You could save some DIY. 

Annual Yanmar service would be $400-800, less DIY. Remember also, to  change the Sail Drive oil, the boat needs to be hauled out. A haul out here costs $300, sling days extra.

Occasional expensive parts replacement costs are unpredictable. My raw water pump failed at the 2 year mark, which was $600 to replace.


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Hugh


Posted By: S&J
Date Posted: 14 June 2024 at 22:07
Ouch!
My running costs for my 458 are massively less than this, possibly helped by DIY.
Lift, pressure wash and 7-8 months ashore €3,000.
Antifoul (annual) €150-250 for paint and materials.
Oil change (including sail drive which is done in the water) €50-80 for oil purchased in bulk plus €50 for various filters.
Anodes €50-100; depending what needs changing.

My annual cost for running the boat including all moorings, fuel, gas, cruising permits, insurance and winter ashore with maintenance is less than €6,000.

This does not Include additional chandlery or repairs during the season, food, restaurants or flights.  I live aboard 5 months of the year.



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H458 #159 Primal Mediterranean cruising


Posted By: samuel
Date Posted: 15 June 2024 at 09:27
When do you propose to change the sail drive seal?- Every 7 years, or not bother. some leave longer in spite of Yanmar recomendations?
New rigging- Every 10 years, or not bother. What does insurance co say?
Running rigging, Halyards can wear.  Sheets to main & jib every 5 years or wear gloves?
New sails -Every 6 years, or longer if you do not care about performance
Extra sails- Code zero is a nice to have.
Anodes- Quite expensive. Can you change using a diver?
Cost of visits to other marinas- Presumably you intend to go places
Antifoul & prop clean needs doing every year, unless you want sail like an old dog
Surely you need to factor in these costs & divide by an annual sum


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Daydream Believer- Hanse 311- No GBR9917T- Bradwell Essex


Posted By: High Time
Date Posted: 17 June 2024 at 11:16
Fuel cost seems high. I have a 415 with the 40hp Volvo engine and average (over 12 seasons) around 2.5L per hour (5.5 lbs/hr). I cruise at 2000rpm which is 6+ kts depending on wind assistance, and with a 17x14 flex-o-fold prop. The average includes lower speeds for in-harbour and berthing etc.

-------------
Roger

High Time (415 #038)


Posted By: Ratbasher
Date Posted: 17 June 2024 at 16:55
Even between identical boats, costs can vary considerably depending on the location and use-profile of the vessel. For instance, you're in an area with high UV which will require greater protection for vulnerable surfaces such as GRP and sails. If you race or drive her hard, expect to replace items earlier.  

I'd suggest that an effective use you could put a spreadsheet to would be to get the service schedules for every bit of mechanical and electrical kit, list and and cost each item on those schedules for parts, labor if you need a pro, and periodicity.  I'd also research if there are any items that seem to fail early. That way you'll gain a sound appreciation of the mechanicals of your boat and deepen your understanding of it.  That should give you greater confidence in it and mitigate against breakdowns.  

Do similar for sails, running/standing rigging replacement, electricals and shipwright items like winches, anchor chain etc; consider when you're likely to want to upgrade/replace items and how much to want to set aside for whatever shiny, expensive item you'll inevitably want after seeing it at a boat show.  

You should find that some years will be way more expensive than others even before you factor in mooring fees, the plethora of running costs and repairs which are a real wild-card.  Trying to forecast the running costs of a boat that's used a lot with any high degree of accuracy is a bit like forecasting Bitcoin. As I wrote in an older post, my missus doesn't mind how much I spend on the boat as it means I don't have the money to spend on another woman - and she's so right.  She calls the boat 'The Mistress'.....  

 

 



 


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H400 (2008) 'Wight Leopard' Gosport, UK



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