This is a big question and it is difficult to give a definitive answer to. In short...it depends
New boat prices including all fixed equipment range between £45,000 and £70,000 ($70,000 and $109,000) or more depending on the manufacturer / design, material the boat is constructed from and cost of the fixed equipment included. On top of this you will need to buy several items of portable equipment including liferaft, lifejacket, first aid kit, handhelf VHF radio, EPIRB, waterproof jacket etc. This can add between £10,000 and £15,000 ($15,000 to $24,000) if it's all brand new but some high cost items can also be rented to help reduce total costs.
Second hand boats are sometimes available and on average a boat that has been used a couple of times before would be on the market for between £15,000 and £45,000 ($24,000 and $70,000). Most boats will need some remedial work before they are ready to enter the Great Pacific Race but used boats often come supplied with many of the portable items of equipment that have to be bought with a new boat. They may need to be mended or replaced but it can be a much cheaper way to get hold of a boat.
Whether you buy a new or a second hand boat remember that there will always be someone wanting to buy a second hand boat in good condition so look after her and there is no reason why you won't be able to sell your boat after completing the race...that is unless you want to row the Pacific again in 2018.
Chartering a boat. New Ocean Wave work with our sister company, New Ocean Wave Charters Ltd to offer four man ocean row boats for charter - Team Uniting Nations who won the 2014 Great Pacific Race were the first team to take advantage of this unique opportunity. This includes use of the boat and all equipment which is in A1 condition for the 9 months prior to the race start, it also includes shipping the boat to the start and back from the finish and the race entry fee. All you need to do is turn up to the start having completed all the required courses, supply your food for the trip and that's it. The total cost for this opportunity is £58,000 in total (That's just £14,500 per person). For more information and to discuss this fantastic offer get in contact with us. With an additional investment it is even possible to part own one of these charter boats which will be rented to other crews in future races eventually paying you back your investment and allowing you to row the Pacific for free. Again please get in touch to discuss this limited offer in more detail.
Other costs - Depending on the boat charter / ownership opportunity that you have chosen, there will be some more minor addition costs including the race entry fee, food, courses, transport of the boat to the start and from the finish and flights, transfers and accommodation. For those who buy boats, and after the race, when your boat is sold, you could expect the average cost of taking part in the Great Pacific Race to be between £10,000 - £16,000 ($16,000 - $25,000) per person. It is entirely possible that this amount can be raised through corporate sponsorship and smaller fundraising events such as a launch dinners or sponsored training events.