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Originally Posted by Mandy I was wondering how many own their own canoes and how many rent. I am not able to canoe often so we always rent. I have considered buying but am not sure it is worth the investment when I can't be on the water often. |
I own my kayaks, and will be buying a canoe very soon (when the little one arrives). We bought two kayaks early last spring, and I did the math and figured we'd have to use them only 9 times to have them paid for (actually 8.5 times) with the money we'd save on rental fees. That was with a rental average of $40 per craft, which is on the low side.
Well, we used them seven times last summer, and one time was for an entire day, and the rental fee that day would have been well over $100 per craft.
In doing the math, buying the kayaks (great deal at CostCo) cost us about $700 plus $140 for the roof rack for a total of $840. A (conservative) estimate on the amount of rental fees we did not have to pay totals $680. So that means if we use the kayaks two more times, they will have "paid for" themselves in rental fees saved.
I told you my experience to say that if you plan on using your craft enough to save money on not paying rental fees, then it's simple economics. Buy your craft. Now, we're pretty active on the outdoors scene. I plan for these kayaks (and the canoe I'll soon buy) to have saved me more than $6,000 in rental fees over the next 10 years. When you look at it that way, it's one of the easiest decisions I've ever made.
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Other advantages to owning your own craft is that you'll always know what you're going to get on any given outing. Plus, the crafts you rent are quite often beat up and well-used. I've never seen rental kayaks that come close to matching the quality of the two that I own.