What to consider when buying a Yacht
The idea of a yacht has been romanticised by lifestyle magazines and films to the point that everyone who can afford one wants one. You can easily be scammed or overcharged for a substandard boat. These tips will ensure you get the best price when shopping for a boat.
- Expert Help is Available
It’s essential to be familiar with what you require before you purchase a yacht. You can ask for assistance from those who own a passenger boat. Ask them to explain how to use it and to help you understand the terminology. You might also benefit from a RYA Day Skipper Course from solentboattraining.co.uk/rya-sailing-courses/rya-day-skipper-practical-sailing
- Know Your Requirements
Here are some questions to ask before you begin your search for a boat:
- What size yacht do you desire?
- Are you planning to use the vehicle for travel or will you be renting it out?
- How many passengers are you expecting?
- Which do you prefer, a speed cruise or a luxurious cruise?
- What is your budget?
It’s much easier to find the right yacht when you have a clear idea of what you are looking for.
- Get to Know the Price of Yachts
You should be prepared to spend a large portion of your savings if you plan on buying a boat. Production yachts start at £100,000 and can go up to £5,000,000. They are assembled in factories and mass-produced. Semi-custom and fully custom yachts cost much more.
A previously owned yacht is another option. The initial cost is lower, but the maintenance and upkeep costs will increase.