Skip to main content

Buying the Right Yacht: Used vs. New


The idea of owning a yacht may be a dream for most, yet this dream comes true for many every day. Owning a luxury inland waterways or seagoing vessel is a great way to enjoy vacations, retirement, or just a weekend trip from a private dock.

However yacht owners plan to enjoy their yachts, they must first choose how to acquire the perfect one. In this regard, let's examine the pros and cons of buying a used vs. new yacht.

Buying a New Yacht


The biggest con of buying a new yacht is paying full price and then having it depreciate quickly; within five years a new yacht can depreciate upwards of 40% from the original price.

With that said, buying a new yacht means buyers have more selection when it comes to choosing from new models and types of yachts. Whether they're buying an express cruiser, a pilothouse motor yacht, sedan bridge, or a mega yacht, they'll have more selection with type and customization.

Buying a new yacht gives owners the assurance of knowing their vessel is under warranty and everything is working properly. The engine, wiring, and infrastructure won't bring any unwanted surprises, and if there's a problem the warranty will resolve it.

New yachts are made from the latest technology, design, and materials, which means better fuel efficiency, more environmentally friendly, stronger, lighter, and with modern-looking designs.

And for those trying to finance their yachts, buying a new yacht is easier to finance and has lower rates.

Buying a Used Yacht


The main benefit of buying a used yacht is saving money, which is significant considering the depreciation rate of new yachts and the overall cost of them in general. For instance, buying a five-year-old yacht can save buyers 40% off the new price; this is an excellent deal if the yacht was regularly maintained and has low miles – it very well may still look and feel brand new!

Buying a new yacht may bring more choices with new models, yet buying used brings more choices with older models. Older discontinued models may be what buyers are looking for, as discontinued models may have certain features or designs that appeal to them.

Older yachts may have some miles and wear, yet may also have some custom upgrades and features added. Basically, previous owners may have invested in upgrades over the years, making the yacht worth much more than they're asking. These upgraded used yachts will cost less than new yachts and give the new owners years worth of custom upgrades.

The used yacht market gives buyers more selection when it comes to type, year, model, and cost. Buying a new yacht means buyers are limited to the selection available from manufacturers. As long as used buyers are willing to be patient and search in non-local markets, they'll find a wider selection of yachts to choose from – all at significantly lower prices than new.

Conclusion


Owning a yacht is a life-changing experience, as they bring luxury, fun, and excitement to life on the water. This experience shouldn't be hindered by problems or issues from a recently purchased yacht, whether new or used. This is why careful considerations must be taken when purchasing a new or used yacht.

Employing a competent surveyor to inspect a used yacht and using a broker service to help find and purchase a quality used yacht, are both good ideas for buyers. In fact, if buying used, using a broker service that specializes in yachts is very helpful. They have the resources, expertise, and connections to find the right yacht, know its real value, and make sure it's a sea-worthy vessel.

Comments

Popular posts from this blog

Thrown in the Trash by NewsBreak

Out with the old, in with the robots. My time writing for NewsBreak is now over. The upstart news app used writers like me to get their bandwagon going, and now it has discarded us after becoming respectable in the realm of news. I can’t blame them when it comes to me, as I’ve been writing opinion pieces exclusively for the last year. I started out writing local news articles about Oregon, but changed my strategy because of time constraints. I would take news articles from Oregon and rewrite them basically; not with AI, just with my noggin. Some did well, others were stalled by their algorithm. I could never tell if an article would do well or not. All in all, I made more money with NB than any other writing effort online besides copywriting. This brings me a lot of satisfaction with my time there, but sadly, it has come to an end. Recently, they sent me an email explaining they are going to make all the contributors reapply to be a contributor, as their strategy has changed; something...

Is Efficiency More Valuable than Reality?

Growth requires failures and errors, yet technology is removing these for efficiency and convenience. Maybe the most important question 21st-century citizens should ask is: “What level of technology do we need to live healthy and balanced lives in this world?” Why do we need online technology at all? Why do we need smartphones? Why do we need AI? And, importantly, what price will society pay for these technologies? Is the price worth whatever benefits these technologies offer? At this point, the prudent answer would be no, they are not worth the price, because, for one, they aren’t necessary, and two, they are detrimental to our character, development, and individual freedoms. The main theme for the integration of online automation technologies in business and personal use is efficiency; it will streamline processes, take away mundane tasks, and all without pesky human error. The problem is, people have a hard time arguing with efficiency, but is it the most important thing in life — d...

Is Your Writing System Holding You Back from Being Productive?

I think mine is. When I first started writing online back in 2013, I wrote for only one website called Allvoices — a contributor news site. How simple my online writing system was then compared to what it has turned into over the last 12 years. Now, I have too many sites to syndicate on, too many social media sites to share to, and overall just too large of a writing system to be productive. Crazy part is I’ve shaved it down to what it is now; it was larger and even bulkier before. One thing I won’t do is give up on trying to build a system that enhances instead of hinders my online writing efforts; I’m not there yet as it stands. I wonder how much more I would write if I didn’t have to spend an hour syndicating and sharing each article? If I could just write an article and maybe spend 5 minutes on sharing and syndicating it? As it is now, I have five platforms to syndicate with and ten social sites to share on. My system hinders my writing and keeps me from wanting to write because of...

Future Freedom = Being Without Online Technology

Online technology was created to control humanity. One thing we can all agree on is that online/smart technology will only increase and become more integrated into our lives in the future, even at an exponential rate, as technological advancement reaches singularity. Therefore, we can conclude with deductive reasoning that our individual freedom will only be achieved without said technology. If this technology, manifested with AI automation, is going to be used to control us in every aspect of our lives, then freedom will not exist. Freedom is not just doing everything the controllers tell you to do or get punished, it is being free to do what you want do, under the natural law of treating others as you would want to be treated (do no harm physically to others, don’t steal or damage property/possessions of others, etc.). The near future is going to be defined by how technology is used to control humanity; it will be done under the guise of something other than control, but that is the ...