How Much Does a Submarine Cost?
A submarine used to be a military tool, but recently, it has turned into a luxury by the ultra rich.
How much does it cost?
- On average, a submarine could be as little as $30,000 for a simple pedal-powered submarine to as much as $30 million for a nuclear-powered sub.
- According to a Gizmag.com article, an underwater vehicle (UV) from Marine Innovation Technologies (MIT), which features a pedal-powered submarine for two, costs $30,000 to $70,000. In contrast, existing small submarines can range anywhere from $100,000 to $200,000.
- The Seattle 1000 model from U.S. Submarines costs $19.7 million. A 10% initial payment is required, followed by four 20% payments. The final 10% is to be paid on delivery. The construction time for a luxury submarine is set at 24 months.
- A Spiegel Online articles state that private submarines can cost $1.7 million to $80 million, depending on the model. The Deepflight Super Falcon from Hawkes Ocean Technologies costs $1.7 million while the Ocean Pearl from SEAmagine is obtainable at $2.5 million. Triton Submarine’s Triton 3300/3 costs about $3 million. The Phoenix 1000 from U.S. Submarines costs $80 million.
- According to USSCOD.org, nuclear-powered submarines cost more than $30,000,000.
What is going to be included?
- Submarines are built to submerge into the water and back up again as needed through their ability to control their buoyancy. For years, submarines were used for military purposes. After several years, the marine science industry used them to explore the ocean. Subsequently, they were used as recreational vehicles.
- Submarines come in different forms and have different features. There are recreational submersibles that are highly maneuverable, have the ability to barrel-roll or leap out of the water. Others can go deep into the ocean, but will need to keep moving to remain submerged. There are also two-person models that can dive up to 1,000 feet. The pricier ones come with a living and dining area.
- Many personal submarines are designed to be launched from a yacht while some are small enough to be carried and launched from a boat trailer.
- Mini-submarines can be from do-it-yourself kit subs that cost around $20,000 to luxury subs that can accommodate up to 20 people and cost about $80 million. Some submarines require 2 months of construction work while the bigger ones can take up to 2 years and longer.
What are the extra costs?
- Training is often needed to operate the most complex type of personal submarine. Undergoing special training may entail paying fees, which depend on the school enrolled in.
Factors that influence the price:
- Type. Submarines come in different forms and sizes. Basic, entry-level personal recreational submarines can cost around $20,000. Dolphin-inspired personal submarines called the Seabreachers, with a cruising speed of 40 mph and underwater speed of 20 mph, start at around $50,000 and have an extensive list of options. Meanwhile, the Virginia-class nuclear submarine-type, according to the U.S. Defense Department, is estimated to be around $2 billion to $2.5 billion while the Seawolf-class nuclear submarine costs $1.85 million each. High-end luxury submarines, such as the U.S. Submarines’ Phoenix 1000, costs $80 million.
- Size. Submarines today can come in the form of personal submersibles, mid-range personal submarines, luxury subs, marine science tool or nuclear ships. Personal recreational submarines can cost $20,000 to $250,000. Mid-range personal subs cost between $1.7 million and $2 million. Luxury personal subs are obtainable for about $30,000 to the most expensive 213-foot, 5,300 square foot Phoenix 1000, which costs about $80 million.
- Functionality. The more functional a submarine is, the higher the cost. Less expensive subs tend to stay within 25 feet from the surface while the extremely expensive types are more comfortable, are more high-tech, and have a greater range that allows the unit to go as far as 3,000 feet down.
Tips to know:
- Not many in the scientific research community find deep submersibles as practical vessels because of the high operating costs and the need for a large support ship for operation purposes.
- Personal submarines from some manufacturers can be customized. Buyers have the option to choose a color or design from a range of available designs. The interiors of the submarine can also be personalized without compromising safety.
- With some submarine makers, the crew operating the vessel is required to have licenses before they can operate the vessel. Before an operator is given a license, the operators are required to undergo a training program that includes both theory and practical illustrations of the submersible.
- The submarine maker must be accessible at all times and are able to provide 24/7 support. If necessary, they must also be able to travel on short notice. Additionally, they must have on stock a broad array of spare parts that can be readily shipped when needed.
How can I save money?
- Submarines are normally expensive, whether they are bought as personal underwater vehicles or as nuclear warships. Even the personal submarine has become a status symbol for the extremely rich and an ultra-expensive toy for individuals with expensive toys. The least expensive personal submarine costs less than $20,000, but will have limited features and capabilities. For people who are interested in experiencing a submarine ride, they may want to consider another option. The Seattle 100 luxury submarine takes in passengers for a 24-hour trip for $2,500 per person.
- Pre-owned submarines may be an option to purchasing brand new submarines. However, it must be noted that there is a need to recognize the practicality and productivity of such a purchase, especially as many pre-owned submarines have obsolete equipment and older technology.