For a boat enthusiast, the prospect of acquiring a yacht is not only an ambition, but also a dream that has its roots in travel, pleasure and a love of the sea. Whichever way you look at it, a yacht can be considered a highly profitable investment.
In this guide, we’ll discuss everything you need to consider before embarking on the adventure of buying a yacht. We’ll also explain how to choose the right type of yacht for your sailing style and the various costs you’ll incur.
Tips for buying a yacht
When you start looking for a yacht to buy, it’s important to think about how you want to sail and how much space you’ll need on deck and in the cockpit. If you’re planning a vacation with family or friends, opt for a larger model; if your outings are mainly for water-based activities such as fishing or waterskiing, then you can opt for a smaller, more manageable model. Once you’ve defined your needs and expectations, you’ll be able to compare the different models available.
You also need to think about the type of motor you need. Yachts are generally equipped with diesel, petrol or LPG engines. Diesel engines are more powerful and consume less fuel, but are more expensive. Gasoline engines are cheaper to buy, but consume more fuel. LPG engines offer the possibility of reducing fuel costs, but are often more expensive than other types of engine.
What’s the budget?
The price of a yacht depends on its size, make, options and quality. New yachts are much more expensive than used ones, and if you decide to buy a new yacht, you’ll also have to pay registration fees and local taxes. If you’re looking for a used yacht, be sure to check the boat’s condition thoroughly, and ask an expert to accompany you on the visit.
The main costs involved in buying a yacht are as follows:
- Initial cost: the total cost of purchase includes the price of the boat, notary fees, taxes and registration fees.
- Maintenance and repairs: all yachts require regular maintenance and repairs to maintain their performance and reliability.
- Insurance costs: to protect your yacht against all eventualities, you need to take out insurance tailored to your yacht and your sailing style.
Where to buy a yacht
Once you’ve decided what type of yacht you’d like to buy and at what budget, you can look for sellers. You can find listings online, but we always recommend contacting a dealer directly, who specializes in new and pre-owned yachts. Professionals have better product knowledge and can guide you to the yacht that best suits your needs.
An experienced yacht broker can also help you find the right boat at the right price. A broker can not only guide you through the purchase, but also the registration process, and provide information on insurance and support services.
Buying a yacht represents a considerable investment. So it’s important to think carefully about your needs and your budget before you buy. Don’t forget that you’ll also have to pay extra for maintenance and repairs, as well as insurance and taxes. Finally, use a dealer or broker to assist you in choosing and purchasing a yacht.
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