Traditional boaters have long relied on their brokers, service repair companies and captains to work on their yachts. Now that we are in the throws of one of the worst economic downturns in history, saving money is becoming more important.
The traditional source for boat repair is also the most expensive method. Lets say you call out a service repair person to replace the bilge pump which has become inoperable. Most boaters do not keep a spare aboard. The repair person comes out, while charging $75 an hour and has to diagnose the problem. Then he determines that the float switch on the pump is bad. He has to drive and pick one up from his parts supplier and drive back to install. Of course there is a markup on the part he bought from his supplier, and the extra travel time.
A simple ten dollar part has cost $250. If you have never replaced one yourself, there are plenty of how to manuals which explain it. If you have you know it takes five minutes. If you never want to do it, the job would have only cost you $85 if you kept a spare on the boat. One hour for the service persons time, and $10 for the part. If you did it yourself, it only cost $10.
Saving money is not the only reason. You may be saving your afternoon out on the water because you have the parts onboard. You should always have spare parts aboard. Make a list of possible replacement parts which may include extra motor belts, bilge pumps, impellers, safety gear, and any other marine part which would be helpful in an emergency.